Strategic Management A Competitive Advantage Approach Concepts And Cases 16th Edition Fred R David, Forest R. David - Solutions

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What is meant by a “hierarchy of goals”? What are the main components of it, and why must consistency be achieved among them?
Why do firms need to have a greater strategic management perspective and empowerment in the strategic management process throughout the organization?
How can “symbiosis” (interdependence, mutual benefit)be achieved among a firm’s stakeholders?
What is “corporate governance”? What are its three key elements, and how can it be improved?
Explain the concept of “stakeholder management.”Why shouldn’t managers be solely interested in stockholder management, that is, maximizing the returns for owners of the firm—its shareholders?
Briefly discuss the three key activities in the strategic management process. Why is it important for managers to recognize the interdependent nature of these activities?
How is “strategic management” defined in the text, and what are its four key attributes?
From the corporate website, assess the extent that Broadcom does an effective job evaluating strategies.
On Broadcom’s website, under the leadership section, the company reveals its top executives. A balanced scorecard sometimes examines the number of men versus women in the hierarchy. What is the breakdown for Broadcom? Is this good management? Are there minorities represented?
Do you believe strategic management should be more visible or hidden as a process in a firm? Explain.
Why is the Balanced Scorecard an important topic both in devising objectives and in evaluating strategies?
To what extent do you prefer the art versus science approach to developing strategies for a company?
Among Fortune’s most admired company list for 2015, what two companies made the list that are headquartered outside the USA?
About what percent of Fortune 500 companies use a Balanced Scorecard?
Identify four firms that provide their strategic plans on their websites, and four that do not. Should firms do this? Explain your answer.
Ask the dean of your school to describe how their department evaluates strategies. Present your findings to the class.
Go to Fortune magazine’s website and identify several firms nearest you that are listed among the most admired companies in the world according to Fortune.
List 10 characteristics of an effective evaluation system.
Define and discuss auditing as it relates to strategy evaluation.
Under what conditions are corrective actions not required in the strategy-evaluation process?
How often should a firm formally evaluate its strategies?
Identify some important financial ratios, which are useful in evaluating a firm’s strategies.
Discuss contingency planning.
Develop a Balanced Scorecard for your college or university.
Develop a balanced scorecard for BHP Billiton.
Do you think strategic management should be more visible or hidden, as a process in a firm? Explain.
Do you feel strategic management should be more a top-down or bottom-up process in a firm? Briefly explain your answer.
Do you believe strategic management is more of an art or science? Explain.
Compare Mintzberg’s notion of “crafting” strategies with the notion of “gathering and assimilating information” to formulate strategies, mentioned in this book.
How often should an organization’s vision or mission be changed, in light of strategy evaluation activities?
“Evaluating strategies on a continuous rather than a periodic basis is desired.” Discuss the pros and cons of this statement.
Give an example of “consonance,” other than the one provided by Rumelt in this chapter.
Ask an accounting professor at your college or university the following question and report back to the class—“To what extent would my learning the IFRS standards on my own give me a competitive advantage in the job market?”
Discuss the nature and implications of the upcoming accounting switch from GAAP to IFRS in the United States.
Visit BHP Billiton’s website and evaluate the firm’s strategies, which are currently being implemented.
BHP Billiton has been very successful in the last decade. What is the major reason for its success?
Based on the information at the website given above, what are three good and three bad aspects of Horizon’s organizational structure?
Visit Horizon’s website and go through the senior management section. The company lists its top 21 corporate executives and their respective titles. Based on this information, what type of organizational structure is Horizon using?
Would you recommend a divisional structure by geographic area, product, customer, or process for a mediumsized bank in your local area? Why?
What are the two major disadvantages of an SBU-type organizational structure? What are the two major advantages? At what point in a firm’s growth do you feel the advantages offset the disadvantages? Explain.
Is it a good management practice to hire away employees from rival companies? Discuss.
Name six countries that have or have had a female President.
Compare and contrast women versus men in terms of serving as CEO of a company.
How would you link compensation of your employees to performance of your business?
Explain when a matrix-type structure may be the most effective for an organization.
How many divisions would a firm have to have for you to recommend an SBU type structure? Why?
Define a glass ceiling. Provide an example.
Define and give an example of Six Sigma.
Explain why corporate wellness programs are becoming increasingly popular.
List four benefits of having a diverse workforce.
Only 26 of the Fortune 500 CEOs are women. Conduct an Internet research to identify five companies in your country that have women CEOs. Why do you think there are such few women CEOs?
Visit www.workingmother.com and find five examples of firms that are outstanding for working mothers, and that have business locations in your city.
Provide the advantages and disadvantages of a firm operating based on an ESOP.
Use the Internet to find five companies in your country, which operate based on an ESOP. Present your list to the class.
Give a hypothetical example of each labor cost-saving tactic listed in the chapter. Students’ answers may vary.
Describe three commonly used strategies to minimize employee resistance to change. Which approach would you most often use? Why?
Describe five tests that are often used to determine whether a performance-pay plan will benefit an organization.
Explain why it is so important to link performance and pay to strategies.
Compare and contrast restructuring with reengineering.
Illustrate a matrix-type structure for a hospital.
A divisional structure-by-process organizational chart is quite uncommon. Give two examples of the type of companies where this would be appropriate.
How should a firm decide between a divisional-byproduct versus divisional-by- region type organizational chart?
List the advantages and disadvantages of a functional versus divisional structure.
Explain why the functional organizational structure is the most widely used around the world.
In order of importance, list six symptoms of an ineffective organizational structure.
List three categories or approaches for conflict resolution. Which approach would you use for a salesperson who may have had a disagreement with a client, regarding the value of a property to be listed for sale?
Discuss your preference on each of the trade-off decisions required for strategy implementation. Explain why.
Define policies. Give four examples of policies for a bank.
Do you think horizontal consistency of objectives is as important as vertical consistency? Explain using an example.
Determine whether your college or university has a corporate wellness program.
In order of importance, in your opinion, list six advantages of a matrix organizational structure.
Discuss ESOPs in your country compared to the United States.
Discuss the glass ceiling in your country versus the United States.
Discuss how business attitudes towards “balancing work life and home life” vary across three countries that you are familiar with.
Why are so many firms today installing corporate wellness programs?
List in order of importance, eight ways and means for altering an organization’s culture. Explain why.
Describe five ways a firm could link performance and pay to strategies.
Compare and contrast restructuring and reengineering.
List ten “dos and don’ts” regarding development of organizational charts.
Illustrate a matrix organizational chart.
Discuss recent trends and facts regarding corporate wellness programs in the United States.
Create a diagram for a divisional organizational chart.
Illustrate a functional organizational chart.
Which approach to conflict resolution would you use to resolve a disagreement between top-level managers, regarding a firm’s strategic plan?
List the five major benefits of a firm having clearly defined annual objectives.
List in order of importance the six management issues you feel are most central to strategy implementation.Give your rationale.
Accenture is a strong firm globally. What are the three major threats you see that Accenture may face in a country of your choice?
In the About Us section of the company’s website, go to the corporate governance section and click on the values and purpose link. Evaluate Tata’s vision and mission statement mentioned in this section. Discuss the potential implications of Tata’s vision and mission on the firm’s
How has the value of the Indian rupee changed compared to China’s yuan and the US dollar in the last six months? How does this impact Tata?
Explain how you would estimate the total worth of a business.
Why is it essential for organizations to segment markets and target particular groups of consumers?
If a firm’s long-term debt rises from $110 million to$215 million, what percent increase is that?
With regard to financial ratios, what is an indirect benefit of increasing Treasury Stock during the last fiscal quarter of a year?
What are convertible bonds?
Determine the cash value of HP using the methods described in this chapter.
Explain how Hewlett-Packard (HP) should conduct market segmentation.
Explain the benefits of a before-and-after productpositioning map.
What transaction links a projected income statement with a projected balance sheet?
Differentiate between capital surplus and additional paid in capital on a balance sheet. Capital Surplus is a comparison of two years, for example, to reflect the capital situation, such as stocks, performing in the two years.
Define and give an example of, goodwill and intangibles.

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Strategic Management A Competitive Advantage Approach Concepts And Cases 16th Edition Fred R David, Forest R. David - Solutions

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