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business
strategic management 5th

Questions and Answers of Strategic Management 5th

Is salary transparency a good thing? Explain your position.
Will this trend toward salary openness affect how managers manage? If so, how? If not, why not?
Has social media’s role in pay transparency been a good thing or a negative thing? Discuss.
In your “assigned” team, discuss your opinions about sharing salary information. Work together to identify additional potential drawbacks of full pay transparency. Be prepared to share these with
How does the concept of a global village affect organizations and managers?
Describe the different types of global organizations and the ways that organizations can go global.
Should managers be parochialistic? Why or why not?
How are social responsibility, social obligation, and social responsiveness different? Similar?
Should organizations be socially involved?
Describe how a manager would approach ethical decisions according to each of the three views on ethics.
How can organizational leaders be good role models when it comes to ethical behavior?
Which do you think would be a manager’s best choice for shaping long-term ethical behavior: a written code of ethics combined with ethics training OR strong ethical leadership? Support your
How does this story illustrate a global village?
What kind of MNC do you think CATL is? Explain your choice.
How would Hofstede’s dimensions of national culture and GLOBE findings be useful to CATL’s management as it moves to Europe and eventually the United States?
What global issues do you see here? What ethical/social responsibility issues do you see here?
Are the critics overreacting to the situation? Do you think Keurig Green Mountain’s managers are handling this situation in the best way, ethically and responsibly? What else could they do to be
Are Keurig’s proposed actions best described as social obligation, social responsiveness, or social responsibility? Explain.
What do you think the statement “environmental awareness is never a bad thing” means?
Create a bulleted list of critical lesson(s) about sustainability and management that other business organizations could learn from this case application.
How can university leaders create a culture of ethics and compliance in college athletics?
What conflicts might arise in attempting to eliminate unethical/illegal behavior when there’s often “big money” associated with successful college sports programs?
What contingency factors might affect the planning Domino’s executives do? How might those contingency factors affect the planning?
Do you think Zara’s success is due to external or internal factors or both? Explain.
How is planning illustrated in this case story? How is strategic management illustrated in this case story?
The new CEO stated that the CEO’s job is to give employees a point of view. Explain what you think he meant by this. Why is a “point of view” so important?
Get in your assigned group and discuss the following: What competitive advantage(s) do you think Domino’s has? What competitive challenges do you think the company faces?
Research information on how to be a more creative person. Write down suggestions in a bulleted list format and be prepared to present your information in class.
How can organizations and individuals benefit from disruptive innovation? How can they not become victims of disruptive innovation?
Planned change is often thought to be the best approach to take in organizations. Can unplanned change ever be effective? Explain.
What external or internal forces—or both—for change do you see described in this case? Would you describe VW’s environment as more calm waters or white-water rapids? Explain.
Change needs to happen at VW. In the chapter, we defined change as any alteration of an organization’s people, structure,or technology. Which of these needs changing at Volkswagen? Discuss.
Look at the reasons people resist change. Which do you think are happening at VW? What approach(es) would you recommend for overcoming this resistance to change? Give your rationale for each approach
What’s your interpretation of the company’s philosophy posted prominently over the door of its design studio? What does it say about innovation? Make a list of lessons that managers could learn
What forces are creating the industry disruption and pushing the Swiss watch industry to change?
How has Jean-Claude Biver tried to change his organization? Evaluate the decisions he’s made. Are there other actions he might take? If so, describe those. If not, why not?
How are entrepreneurial ventures, small businesses, and selfemployed persons similar? Different?
Why is entrepreneurship important to society?
In what ways does an entrepreneur need to be a leader?
What controlling issues does an entrepreneur need to be aware of?
Is it necessary for an entrepreneur to do a feasibility study? Explain.
Instead of a restaurant, Chrostowski could have opened only a nonprofit cooking school or training center to help former felons receive job training that would have benefitted them. Why is adding on
Many entrepreneurs want to grow their businesses. Could Chrostowski grow this business? How?
Does Brandon Chrostowski fit the definition of a social entrepreneur? Explain.
Funding is an important decision for entrepreneurs. How are women affected during the venture capital funding process? Why is this a problem for female entrepreneurs?
Pretend that you’re a venture capitalist. Write three questions that you would want to ask an entrepreneur seeking funding. Pair off with another class member and evaluate each other’s questions
Does Warby Parker fit the definition of an entrepreneurial venture? Explain.
What steps of the entrepreneurial process can you identify in this story? Discuss.
Look at the seven sources of opportunity. Which one(s) most closely describe what the founders recognized? Explain your choice(s).
What competitive advantage(s) do you think Warby Parker has? What competitive challenges do you think the company faces?
What potential issues might Warby Parker face as it continues to grow? How could the company best prepare itself for addressing these issues?
Leading an entrepreneurial venture can be a challenge, in and of itself, just for one entrepreneur! Here’s an organization that has two co-leaders (co-CEOs). Would that make the job of leading the

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