Strategic Management Creating Competiti 9th Edition Gregory Dess, Gerry McNamara, Alan Eisner, Seung-Hyun Lee - Solutions

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(a) Explain the factors to be considered while starting an industrial organisation.
(p) What do you mean by capital adeq l:1CY norm?
(0) State the features of Global company.
(n) What do you mean by Globalisation?
(m) What do you mean by an ancillary industry?
(1) What is an agro-based industry?
(k) What do you mean by college industry?
(j) What is an agro-based industry?
(i) What.do you mean by a large-scale industry?
(h) Whp.t do you mean by size of a business?
(g) Mention the various forms of organising public sector.
(f) What do you mean by public sector?
(e) Distinguish between general partnership and particular partnership.
(d) Define a cooperative society.
(c) Define a joint stock company.
(b) Define a partnership,
(a) Mention any four forms of industrial organisations set up under private ownership,
Discuss the ethical implications of using entrepreneurial policies and practices to pursue corporate social responsibility goals. Are these efforts authentic and genuine or just an attempt to attract more customers?
Innovation activities are often aimed at making a discovery or commercializing a technology ahead of the competition. What are some of the unethical practices that companies could engage in during the innovation process? What are the potential long-term consequences of such actions?
How can an established firm use an entrepreneurial orientation to enhance its overall strategic position?Provide examples.
Using the Internet, select a company that is listed on the NASDAQ or New York Stock Exchange.Research the extent to which the company has an entrepreneurial culture. Does the company use product champions? Does it have a corporate venture capital fund? Do you believe its entrepreneurial efforts are
Explain the difference between product innovations and process innovations. Provide examples of firms that have recently introduced each type of innovation.What are the types of innovations related to the strategies of each firm?
Select a firm known for its corporate entrepreneurship activities. Research the company and discuss how it has positioned itself relative to its close competitors.Does it have a unique strategic advantage?Disadvantage? Explain.
Is the corporation with the stronger entrepreneurial orientation also stronger in terms of financial performance? Entrepreneurial Orientation Company A Company B Autonomy Innovativeness Proactiveness Competitive aggressiveness Risk taking
Which corporation would you say has the stronger entrepreneurial orientation?
How is the corporation’s entrepreneurial orientation reflected in its strategy?
Select two different major corporations from two different industries (you might use Fortune 500 companies to make your selection). Compare and contrast these organizations in terms of their entrepreneurial orientation. (Fill in the table that follows.)
Google has entered a number of markets since their radio debacle (discussed in the Learning from Mistakes in the opening section of the chapter). Pick two markets Google has entered and discuss the nature of the innovative effort it pursued, the actions the firm took to enter these markets, and the
Describe how the entrepreneurial orientation (EO)dimensions of innovativeness, proactiveness, and risk taking can be combined to create competitive advantages for entrepreneurial firms.
Explain the difference between proactiveness and competitive aggressiveness in terms of achieving and sustaining competitive advantage.
What is the role of the product champion in bringing a new product or service into existence in a corporation?How can companies use product champions to enhance their venture development efforts?
How are business incubators used to foster internal corporate venturing?
What is the difference between focused and dispersed approaches to corporate entrepreneurship?
What are the dilemmas that organizations face when deciding what innovation projects to pursue? What steps can organizations take to effectively manage the innovation process?
What is meant by the concept of a continuum of radical and incremental innovations?
Select two well-known business leaders—one you admire and one you do not. Evaluate each of them on the five characteristics of emotional intelligence in the following table. Emotional Intelligence Characteristics Self-awareness Self-regulation Motivation Empathy Social skills Admired Leader
In the Issue for Debate, we discussed the socially active stance of Ben & Jerry’s. Identify a company that is known for its conservative stances and evaluate whether stakeholders—including customers, governmental entities, and community activists—have responded similarly or differently to
Ethical crises can occur in virtually any organization.Describe some of the systems, procedures, and processes that can help to prevent such crises.
Sometimes organizations must go outside the firm to hire talent, thus bypassing employees already working for the firm. Are there conditions under which this might raise ethical considerations?
In this chapter we discussed the five elements of a“learning organization.” Select a firm with which you are familiar and discuss whether or not it epitomizes some (or all) of these elements.
Some leaders place a great emphasis on developing superior human capital. In what ways does this help a firm to develop and sustain competitive advantages?
Founders have an important role in developing their organization’s culture and values. At times, their influence persists for many years. Identify and describe two organizations in which the cultures and values established by the founder(s) continue to flourish. You may find research on the
Identify two CEOs whose leadership you admire.What is it about their skills, attributes, and effective use of power that causes you to admire them?
Select two well-known business leaders—one you admire and one you do not. Evaluate each of them on the five characteristics of emotional intelligence in the following table.
In the Issue for Debate, we discussed the socially active stance of Ben & Jerry’s. Identify a company that is known for its conservative stances and evaluate whether stakeholders—including customers, governmental entities, and community activists—have responded similarly or differently to
What are some of the important mechanisms for promoting ethics in a firm?
What are the most important differences between an“integrity organization” and a “compliance organization”in a firm’s approach to organizational ethics?
Firms that fail to behave in an ethical manner can incur high costs. What are these costs, and what is their source?
What are the benefits to firms and their shareholders of conducting business in an ethical manner?
How can the five central elements of “learning organizations”be incorporated into global companies?
The knowledge a firm possesses can be a source of competitive advantage. Describe ways that a firm can continuously learn to maintain its competitive position.
Define emotional intelligence (EI). What are the key elements of EI? Why is EI so important to successful strategic leadership? Address potential “downsides.”
Three key activities—setting a direction, designing the organization, and nurturing a culture and ethics—are all part of what effective leaders do on a regular basis.Explain how these three activities are interrelated.
If a firm enters into a strategic alliance but does not exercise appropriate behavioral control of its employees (in terms of culture, rewards and incentives, and boundaries—as discussed in Chapter 9)who are involved in the alliance, what ethical issues could arise? What could be the potential
If a firm has a divisional structure and places extreme pressures on its divisional executives to meet shortterm profitability goals (e.g., quarterly income), could this raise some ethical considerations? Why? Why not?
Look up a recent article in the publications listed in question 2 that addresses a f irm’s involvement in outsourcing (modular organization) or in strategic alliance or network organizations(virtual organization). Was the firm successful or unsuccessful in this endeavor? Why?Why not?
Use the Internet to look up some of the public statements or speeches of an executive in a major corporation about a significant initiative such as entering into a joint venture or launching a new product line. What do you feel are the implications for making the internal and external barriers of
Choose an article from Bloomberg Businessweek, Fortune, Forbes, Fast Company, or any other wellknown publication that deals with a corporation that has undergone a significant change in its strategic direction. What are the implications for the structure of this organization?
Select an organization that competes in an industry in which you are particularly interested. Use the Internet and determine what type of organizational structure this organization has. In your view, is it consistent with the strategy that it has chosen to implement? Why? Why not?
Many firms have recently moved toward a modular structure. For example, they have increasingly outsourced many of their information technology(IT) activities. Identify three such organizations.Using secondary sources, evaluate (1) the firm’s rationale for IT outsourcing and (2) the implications
Boeing has experienced another product crisis with its 737 Max aircraft. Investigate how the Boeing designed this plane, including the internal structure of the firm, the use of external partners, and the degree to which the firm employed a boundaryless design. In what ways might the structure used
When are ambidextrous organizational designs necessary?What are some of their key attributes?
What are the advantages and disadvantages of the three types of boundaryless organizations: barrierfree, modular, and virtual?
What are some of the key attributes of effective groups? Ineffective groups?
Briefly describe the three different types of boundaryless organizations: barrier-free, modular, and virtual.
When a firm expands its operations into foreign markets, what are the three most important factors to take into account in deciding what type of structure is most appropriate? What are the types of international structures discussed in the text, and what are the relationships between strategy and
What are the relative advantages and disadvantages of the types of organizational structure—simple, functional, divisional, matrix—discussed in the chapter?
Briefly trace the dominant growth pattern of major corporations from simple structure to functional structure to divisional structure. Discuss the relationship between a firm’s strategy and its structure.
Why is it important for managers to carefully consider the type of organizational structure that they use to implement their strategies?
Rules and regulations can help reduce unethical behavior in organizations. To be effective, however, what other systems, mechanisms, and processes are necessary?
Strong cultures can have powerful effects on employee behavior. How does this create inadvertent control mechanisms? That is, are strong cultures an ethical way to control behavior?
Go to the website of a large, publicly held corporation in which you are interested. What evidence do you see of effective (or ineffective)corporate governance?
Use the online resources to research a firm that has an excellent culture and/or reward and incentive system. What are this firm’s main financial and nonfinancial benefits?
How can a strong, positive culture enhance a firm’s competitive advantage? How can a weak, negativeculture erode competitive advantages? Explain and provide examples. 1. 2. 3. Board of directors 1. 2. 3. Management 1. 2. 3. Institutional owners
The problems of many firms may be attributed to a traditional control system that failed to continuously monitor the environment and make necessary changes in their strategy and objectives. What companies are you familiar with that responded appropriately (or inappropriately) to environmental
McDonald’s Corporation is the world’s largest fastfood restaurant chain. Using the online resources, evaluate the quality of the corporation in terms of management, the board of directors, and institutional owners. (Fill in the chart on the following page.) Are the issues you list favorable or
In the Learning from Mistakes, we discussed how the decisions of owners led to the failure of the firm.Research the ownership and boards of directors of another major retailer and evaluate the degree to which the firm’s corporate governance is likely to support the firm’s success.
Define principal–principal (PP) conflicts. What are the implications for corporate governance?
What is the role of effective corporate governance in improving a firm’s performance? What are some of the key governance mechanisms that are used to ensure that managerial and shareholder interests are aligned?
Why is it important to avoid a “one best way” mentality concerning control systems? What are the consequences of applying the same type of control system to all types of environments?
Boundaries become less important as a firm develops a strong culture and reward system. Explain.
Discuss the relationship between types of organizations and their primary means of behavioral control.
Why is it important to have a balance between the three elements of behavioral control—culture, rewards and incentives, and boundaries?
What are the main advantages of contemporary control systems over traditional control systems? What are the main differences between these two systems?
Why are effective strategic control systems so important in today’s economy?
Intense competition such as price wars are an accepted practice in the United States, but cooperation between companies has legal ramifications because of antitrust laws. Should price wars that drive small businesses or new entrants out of business be illegal? What ethical considerations are raised
Imitation strategies are based on the idea of copying another firm’s idea and using it for your own purposes.Is this unethical or simply a smart business practice? Discuss the ethical implications of this practice(if any).
Select an entrepreneurial firm you are familiar with in your local community. Research the company and discuss how it has positioned itself relative to its close competitors. Does it have a unique strategic advantage? Disadvantage? Explain.
Think of an entrepreneurial firm that has been successfully launched in the last 10 years. What kind of entry strategy did it use—pioneering, imitative, or adaptive? Since the firm’s initial entry, how has it used or combined overall low-cost, differentiation, and/or focus strategies?
Using the Internet, research the Small Business Administration’s website (www.sba.gov). What different types of financing are available to small firms? Besides financing, what other programs are available to support the growth and development of small businesses?
E-Loan and Lending Tree are two entrepreneurial firms that offer lending services over the Internet.Evaluate the features of these two companies. (Fill in the following table.)a. Evaluate their characteristics and assess the extent to which they are comparable in terms of market commonality and
In Strategy Spotlight 8.1, we saw how TJ Parker took something that bugged him and turned it into a very valuable business. Consider something that bugs or has bugged you and develop a business idea to address this issue. Discuss how this business creates value for customers and whether the idea is
Explain the difference between strategic actions and tactical actions and provide examples of each.
What does the term competitive dynamics mean?
Explain why entrepreneurial firms are often in a strong position to use combination strategies.
Briefly describe the three types of entrepreneurial entry strategies: pioneering, imitative, and adaptive.
Describe the three characteristics of entrepreneurial leadership: vision, dedication and drive, and commitment to excellence.
What is the difference between discovery and evaluation in the process of opportunity recognition? Give an example of each.
Explain how the combination of opportunities, resources, and entrepreneurs helps determine the character and strategic direction of an entrepreneurial firm.
What factors influence your desire to work in an entrepreneurial firm versus an established firm?

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Strategic Management Creating Competiti 9th Edition Gregory Dess, Gerry McNamara, Alan Eisner, Seung-Hyun Lee - Solutions

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