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strategic management
Strategic Management In Action 6th Edition Mary A. Coulter - Solutions
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 Admired Leader Leader Not Admired Self-awareness Self-regulation Motivation Empathy
Why are effective strategic control systems so important in today’s economy?
Visit 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 company culture and/or reward and incentive system. What are this firm’s main financial and nonfinancial benefits?
How can a positive culture enhance a firm’s competitive advantage? How can a negative culture erode competitive advantages? Explain and provide examples.
In the Learning from Mistakes, we discussed how the decisions of directors at McDonald’s negatively affected the firm. Research the board of directors of another major restaurant chain and evaluate the degree to which the firm’s corporate governance is likely to support the firm’s success.
Strong business cultures can have powerful effects on employee behavior. How does this create inadvertent control mechanisms? That is, are strong business cultures an ethical way to control behavior?
What does the term competitive dynamics mean?
In Strategy Spotlight 8.1, we discussed how Jasmine Crowe transformed her passion for helping people in need to overcome food insecurity into a valuable business. Consider something that you feel passionate about and develop a business idea to address this passion. Discuss how this business creates
Many firms fail when they enter into strategic alliances with firms that link up with companies based in other countries. What are some reasons for this failure? Give an example.
The internet and digital technologies have lowered the entry barriers for smaller firms seeking to diversify into international markets. Why is this so? Give an example.
In this chapter, we discussed how several companies such as Ford ( Learning from Mistakes opening incident) and Netflix ( Strategy Spotlight 7.4) adopted a localized international strategy.Interview a manager in an organization with foreign market exposure and ask the following questions: (1) What
Over the past few decades, many U.S. firms have relocated most or all of their operations from the United States to countries such as Mexico and Vietnam that pay lower wages. What are some of the ethical issues that such actions may raise?
What are some of the limitations (or caveats) in using five-forces analysis?
Go to www.kroger.com. What are some of the five forces driving industry competition that are affecting the profitability of this firm?
Imagine yourself as the CEO of a large firm in an industry that interests you. Next, (1) identify major trends in the general environment, (2) analyze their impact on the firm, and (3) identify major sources of information to monitor these trends. (Use internet and library resources.)
Strategy Spotlight 2.1 discusses the growing importance of environmental concerns and illustrates how companies in different industries deal with plastic waste issues. Many other environmental problems, such as greenhouse gas emissions and resulting climate-change issues, are major concerns for
What are some of the ways in which a firm can attain a successful retrenchment strategy?
Think of a firm that successfully achieved a combination overall cost leadership and differentiation strategy. What can be learned from this example? Are the advantages sustainable? Why? Why not?(Hint: Consider its competitive position vis-à-vis Porter’s five forces.)
Think of a firm that has attained a differentiation focus or cost focus strategy. Are its advantages sustainable? Why? Why not? (Hint: Consider its position vis-à-vis Porter’s five forces.)
In the Learning from Mistakes at the opening of the chapter, we discussed the struggles of LG in the mobile phone market. Choose a competing firm in this market (e.g., Apple, Samsung, Xiaomi, Huawei, Motorola) and analyze its strategy and value chain. Discuss how each activity in its value chain
Update the information on the two companies—Kraft Foods (North American grocery) and the global snacks company (not yet named): revenues, profits, and strategic initiatives. LO1
What corporate strategy evaluation measures might you suggest that the split companies use? Explain your choices. LO1
When an organization frequently changes its strategic direction, what problems can arise? (Think in terms of its functional and competitive strategies.) LO1
What strategic challenges is the company likely to face now? LO1
What examples of corporate strategies do you see in this situation? Explain. LO1
What corporate strategy evaluation tools might you recommend for NASCAR? Explain your choices. LO1
The success of NASCAR depends on its ability to satisfy the race teams, the drivers, advertisers-sponsors, the drivers, and the customers. What are the implications for the company as it formulates appropriate strategies? LO1
How about for the other organizational strategies (functional and competitive)? LO1
Look at the goals the top management team had for the company. What are the implications for corporate strategy? LO1
What strategic challenges do you think Brian France faces as he guides his company? Using what you know about managing strategically, how might he respond to these challenges? LO1
How can Shaich ensure that Panera doesn't fall victim to those risks? LO1
What other examples of affordable indulgences can you think of? What strategic risks are there to such a trend? LO1
The company depends heavily on franchising to fuel its growth. Do some research on franchising. What advantages and drawbacks might it present? LO1
Panera Bread was on Fortune magazine's 2010 list of 100 Fastest-Growing Companies, was awarded #1 ranking for Best Salads and Top Rated Facilities (for chain restaurants with less than 5,000 outlets) by Zagat in its annual consumer-generated 2011 Fast-Food Survey, and was named Casual Dining Brand
How would you recommend Shaich and his management team evaluate whether the company Is accomplishing its corporate strategy? LO1
What corporate, competitive, and functional strategies is Panera using to realize its goal of turning the concept into a national brand under the Panera Bread name?Be as specific as possible. LO1
Update the information on Under Armour; revenues, profits, and strategic initiatives. LO1
What corporate strategy evaluation measures might you suggest that the company use? Explain your choices. LO1
How do you think its mission statement influences its corporate strategic choices? LO1
Using the Internet, find Under Armour's mission statement. LO1
What strategic challenges do you think Kevin Plank must deal with? 5. LO1
What examples of corporate strategies do you see In this mini-case? LO1
Research into corporate "bloopers" by Professor Sidney Finkelstein pinpointed some reasons why smart executives made bad decisions.^® Some of these reasons included:CEO identifies too closely with his or her company; CEO is too distracted by involvement in personal and social causes; CEO and
Can corporate growth have a downside? Explain. How might drawbacks be addressed? LO1
"The acid test for any corporate strategy is that the company's businesses must not be worth more to another owner." What do you think this statement means? Do you agree with this statement? Explain. LO1
Find examples in current business publications {Wall Street Journal, BusinessWeek, Fortune, etc.) of each of the types of corporate strategy (i.e., each of the types of growth strategies, stability strategy, and each of the types of renewal strategies). Describe your examples. Be sure to provide
A company growing at an annual rate of 35 percent will double in size in just two years.A company growing at an 18 percent rate will double in size in four years. A company growing by 12 percent will double in size in six years. Persistent long-term growth is most achievable in moderate rates. Do
Using the Internet (company's Web site, Hoover's, or other Web sites), choose two of the companies listed below to research and answer the following questions:a. What corporate strategy(ies) does the company appear to be following? Explain your choice.b. Evaluate the company's performance using
Do some research on mergers and acquisitions. What were the five largest mergersacquisitions last year? Make a list of the partners in each. What reasons were given for the merger-acquisition? Do you think these mergers-acquisitions made strategic sense?Explain. LO1
How might an organization's corporate strategy be changed? LO1
Why might an organization's corporate strategy need to be changed? LO1
Describe each of the portfolio analysis matrices including how it's used, the cells in the matrix, and its advantages and drawbacks. LO1
What are the four ways to evaluate corporate strategies? LO1
Why is It important to evaluate corporate strategies? LO1
Can corporate morality be "practical"? Should it be practical? Explain your position. LO1
What are the ethical implications of this "public display" phenomenon for an organization measuring its performance to see whether corporate strategies are effective? LO1
Why are most organizational renewal strategies used in combination? LO1
Describe organizational restructuring actions. LO1
What two strategic actions are used in implementing the renewal strategies? LO1
Describe the two organizational renewal strategies. LO1
Discuss the causes of corporate decline. LO1
Finally, check out the Values-'-Vislon-^Strategy tab.Describe each of these. LO1
Next, check out the Siemens Worldwide tab. Pick one of the countries, and describe what Siemens does there. LO1
Go to the company's Web site [www.siemens.com].Go to the About the Company information. First, choose one of its businesses, and describe what that business segment does. LO1
Describe how a stability strategy is implemented. LO1
Why might an organization choose a stability strategy? LO1
What is a stability strategy? LO1
Discuss how the corporate growth strategies can be implemented. LO1
Describe the various corporate growth strategies LO1
Define growth strategy. LO1
Do alliances make strategic sense? What do you think? LO1
Why do you think GE chose acquisitions as Its way to grow? LO1
How can it handle those challenges? LO1
What challenges does a company that's growing face? LO1
What does SAB's CEO say about how his company will exploit this combination?Is growth bad? Discuss. LO1
What challenges do you think might arise in cross-cultural horizontal Integration? LO1
What do you think are some additional potential uses for Navteq's navigation products? Would these be market development or product development? LO1
How often do you use navigation tools? LO1
What's the most Interesting use of robotics you found? LO1
Research the use of robotics In manufacturing. Hovrare—robots used? LO1
Describe each of the three corporate strategic directions. LO1
How is corporate strategy related to the other organizational strategies? LO1
Contrast single-business and multiple-business organizations. LO1
What is corporate strategy? LO1
Discuss how corporate strategy is evaluated and changed. LO1
Describe organizational renewal strategies. LO1
Describe the organizational stability strategy. LO1
Discuss organizational growth strategies. LO1
Define corporate strategy. LO1
Are employees in the information systems-information technology area well qualified?
Are training workshops or seminars provided for users of the information system?
Is the organization's information system user friendly?
Is the organization's information system secure?LO1
Is information technology used effectively and efficiently in all areas of the organization?
Has the organization made an investment in information technology that's greater than, equal to, or less than competitors?
Do employees have access to contribute input to the information system?
Is information distributed effectively and efficiently?
Is information updated regularly?LO1
Is the information system used by employees in making decisions?
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