Strategic Management Theory And Cases An Integrated Approach 11th Edition Gareth R. Jones, Melissa A. Schilling - Solutions

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Think of any organization with which you have personal experience. Do you believe that profit (or cash in the case of a non-profit organization) is seen as a means or an end by the key decision-makers? Do they all agree on this?
What key issues do you believe should be incorporated in a company statement on ethics?
Synergy has been summarized as the ‘2 + 2 = 5’effect. Can you think of instances from your own experiences (maybe in a sporting context) where it has been in evidence?
In September 2004 Sony acquired the MGM film library. What exactly did Sony buy and what benefits did Sony executives believed would accrue?Would this strengthen synergy? Were there any downside risks that you can see?
Is the ‘luxury brand’ logic offered by LVMH a genuine synergy opportunity? How difficult might it be to generate the potential synergy in question?
How might the UK ensure it retains a leading position in this dynamic, turbulent but very important global industry?
What approach would you suggest any future British government should take?
Competition authorities in the UK have recommended that resale price maintenance(where manufacturers dictate retail prices) for over the counter non-prescription drugs should be abolished. If retailers are free to set their own prices it is assumed that the supermarkets will grow their share of the
What future changes do you foresee – and will these have a predominantly positive or negative impact on(a) consumers and(b) the record companies?
How have your own musical tastes and listening habits been changing in recent years?
Check the progress of Netflix and evaluate how this entrepreneurial business dealt with the threat from Wal-Mart.
Using LVMH as a starting point, look into the barriers to entry in the perfumes industry.Other companies to track are Estée Lauder, L’Oréal and Unilever. How successful have these leading companies been in controlling the distribution of their products through selected retailers?
Why, then, deregulate?
Are governments too readily impressed by the seductive cost savings for passengers?
Would some regulation be more sensible than full deregulation?
If you were Sir Ken Morrison, what would your reaction to the ruling have been?
Use the Internet to ascertain what did happen… do you support the actions of Morrison and Green?
In the end, who has been best served by the outcome – shareholders, employees, customers?
How does Flying Flowers add value?
What is the nature of its strategic position?
Did the acquisitions make sense in relation to its competencies and capabilities?
Tesco and Wal-Mart have been investing more aggressively and now enjoy a higher margin cushion. Is there a way back for Sainsbury’s?
Use the eBay web site to track the bidding for a product that interests you. You could, if you wished, sell something via eBay as an alternative. Why do you think this simple business concept has been so successful?
Examine eBay in terms of scenario planning.What could possibly happen to affect eBay in the future?
Draw a diagram incorporating the environmental influences and stakeholders for any pub, discotheque or nightclub with which you are familiar.Do the same for London Zoo (Chapter 2).Zoological Society of London/London Zoo http://www.londonzoo.co.uk
From this evaluation, develop a SWOT analysis and consider the strategic implications.
One of the growth sectors in the UK economy has been in the area of call centres. Many thousands of people are employed in UK call centres. Many of these jobs are now being threatened with removal to India and other cheaper wage areas. How should the managers and workers of UK call centres respond?
How have changes in competition from around the world affected the UK footwear industry? What are the strategies of the leading, remaining manufacturers?You may wish to use a leading manufacturer such as C&J Clark as a key reference point. You should also look at a specialist such as Grenson or
Possibly in a group discussion, build a scenario relevant for the motor vehicle industry in ten years’time. How will people be using their cars? What will they expect in terms of size, performance, and external and interior design?
How has Steve Pateman, owner of a family boot and shoe business in Northamptonshire, dealt with the pressures for change in this industry? How has the company diversified, and what do you think the implications are?
From your own experience, and from newspaper and other articles you have read or seen, list examples of where monopoly power and restrictive practices have been investigated, and where proposed mergers have been considered by the Competition Commission (or its predecessor the Monopolies and Mergers
Take an industry of your choice, perhaps the one you work for, and assess it in terms of(a) concentration(b) Porter’s model of five forces.From this analyse one or more of the major competitors in terms of their chosen competitive strategies.As well as the Internet he following library sources
Thinking about the issues of core competency and strategic capability, what is the ‘secret’ of James Dyson’s competitive advantage?
Has he been able to appropriate the rewards of the value he has added?
What is Benetton’s competitive strategy?
How does it achieve competitive advantage?
How does Benetton use networks and partnerships to great effect?
In what ways would it be difficult for competitors to try and copy the success?
Is Ricardo Semler really a ‘maverick’?
Have these changes been sustainable?
Has Semco become even more ‘maverick’ or has it mellowed?
Do you agree that Team New Zealand is a learning organization?
How important do you think individuals are in building such a team?
Can you think of other opportunities where BA might seek to exploit IT for competitive advantage?
Can you see a real future for auctioning lastminute bargain holidays via the Internet?
Character merchandising can clearly be very lucrative, but how would you set about putting a value on a particular character?
Can you think of other ways Gullane/Britt Allcroft might exploit its brands and strengthen the synergy between them?
Were they to be available, what others could be usefully added to the portfolio?
To what extent do you believe the quality difference between various brands of jeans is based on design and fashion as distinct from workmanship and higher quality materials?
In the circumstances do you think this was a sound or a risky tactic for Levi’s to adopt?
What are the opportunity-driven and resourcebased views of strategy? Where and why are they different? Why is it important for organizations to embrace both views simultaneously?
Think about your own buying habits and choices.Where do you specifically choose high-profile branded items, and where are you less concerned?Why? What do you think this behaviour is saying about you?
Consider how strategic changes in one retail sector, from an emphasis on hardware stores that specialize in personal service and expert advice to customers from all employees, to a predominance of do-it-yourself supermarkets and warehouses, might have affected issues of staff motivation, personal
Albeit by rule of thumb, take a team of people with whom you associate closely and evaluate their behaviour characteristics Where is the team strong?Where is the team weak? Do you believe it is balanced?If not, what might be done to change things?
Consider how the increasing utilization of information technology in retailing has affected you as a customer. Do you feel that the major retail organizations who have introduced and benefited from the greater utilization of IT have attempted to ensure that the customer has also benefited and not
Consider why it is argued that the increasing utilization of IT by organizations is a cultural issue. How might managers be encouraged to make greater use of the technology which is available?
How do you personally use the Internet? Do you feel you are exploiting its potential?
Using the Internet to look at the current status of Dyson and the other main manufacturers of vacuum cleaners, to what extent has James Dyson transformed an industry? How has he now extended the product range for his dual cyclone cleaners? In what ways are his washing machines different?
Selecting an organization of your choice, and ideally one with which you are familiar, carry out a resource audit. Make sure that you take account of industry key success factors and competitors’ relative strengths in your evaluation.
Using the same organization, apply Porter’s value chain. As far as you are able, and accepting that there may be elements of subjectivity, allocate the costs and consider whether your breakdown matches your initial expectations. Where are the allimportant linkages?
For an organization of your choice ascertain the range of products and services offered and answer the following questions: What are essential information needs from outside the organization (the environment) for managing these products and services both now and in the future? Where are the
By visiting and talking to staff at an appropriate level and with several years work experience in that environment, in both a travel agency and a retail store which makes extensive use of an EPOS (electronic point of sale) system, ascertain the effect that IT has had on their decision-making. Do
Discuss the reasons why companies pursuing different corporate strategies need to implement these strategies using different combinations of organizational structure, control, and culture LO1
Describe the advantages and disadvantages of a multidivisional structure LO2
Explain why companies that pursue different kinds of global expansion strategies choose different kinds of global structures and control systems to implement these strategies LO3
Discuss the strategyimplementation problems associated with the three primary methods used to enter new industries: internal new venturing, joint ventures, and mergers LO4
When would a company decide to change from a functional to a multidivisional structure? LO3
I f a related company begins to purchase unrelated businesses, in what ways should it change its structure or control mechanisms to manage the acquisitions? LO3
What prompts a company to change from a global standardization strategy to a transnational strategy, and what new implementation problems arise as it does so? LO3
How would you design a structure and control system to encourage entrepreneurship in a large, established corporation? LO3
What are the problems associated with implementing a strategy of related diversification through acquisitions? LO3
Differentiate between multibusiness models based on related and unrelated diversification LO1
Explain the five primary ways in which diversification can increase company profitability LO2
Discuss the conditions that lead managers to pursue related diversification versus unrelated diversification and explain why some companies pursue both strategies LO3
Describe the three methods companies use to enter new industries—internal new venturing, acquisitions, and joint ventures—and discuss the advantages and disadvantages associated with each of these methods LO4
When is a company likely to choose(a) related diversification and(b) unrelated diversification? LO3
Under which conditions are joint ventures a useful way to enter new industries? LO3
I dentify Honeywell’s (www.honeywell.com)portfolio of businesses that can be found by exploring its website. In how many different industries is Honeywell involved? Would you describe Honeywell as a related or an unrelated diversification company? Has Honeywell’s diversification strategy
What factors make it most likely that (a)acquisitions or(b) internal new venturing will be the preferred method to enter a new industry? LO3
Understand the relationship between stakeholder management and corporate performance LO1
Explain why maximizing returns to stockholders is often viewed as the preeminent goal in many corporations LO2
Describe the various governance mechanisms that are used to align the interests of stockholders and managers LO3
Explain why these governance mechanisms do not always work as intended LO4
Identify the main ethical issues that arise in business and the causes of unethical behavior LO5
Identify what managers can do to improve the ethical climate of their organization, and to make sure that business decisions do not violate good ethical principles LO6
How prevalent has the agency problem been in corporate America during the last decade? During the late 1990s there was a boom in initial public offerings of Internet companies (dot.com companies). The boom was supported by skyhigh valuations often assigned to Internet startups that had no revenues
Why is maximizing ROIC consistent with maximizing returns to stockholders? LO5
How might a company configure its strategymaking processes to reduce the probability that managers will pursue their own self-interest at the expense of stockholders? LO5
I n a public corporation, should the CEO of the company also be allowed to be the chairman of the board (as allowed for by the current law)?What problems might this give rise to? LO5
Under what conditions is it ethically defensible to outsource production to producers in the developing world who have much lower labor costs when such actions involve laying off long-term employees in the firm’s home country? LO5
I s it ethical for a firm faced with a shortage of labor to employ illegal immigrants to meet its needs? LO5
Understand how organizational design requires managers to select the right combination of organizational structure, control, and culture LO1
Discuss how effective organizational design enables a company to increase product differentiation, reduce its cost structure, and build competitive advantage LO2
Explain why it is so important that managers keep the organizational hierarchy as flat as possible and what factors determine the way they decide to centralize or decentralize authority LO3
Explain the many advantages of a functional structure and why and when it becomes necessary to utilize a more complex form of organizational structure LO4
Differentiate between the more complex forms of organizational structures managers adopt to implement specific kinds of business-level strategies LO5
What kind of structure best describes the way your (a) business school and (b) university operate?Why is the structure appropriate? Would another structure fit better? LO2
When would a company choose a matrix structure?What are the problems associated with managing this type of structure, and in what circumstances might a product-team structure be preferable? LO2
For each of the structures discussed in the chapter, outline the most suitable control systems. LO2
What kind of structure, controls, and culture would you be likely to find in (a) a small manufacturing company, (b) a chain store, (c) a high-tech company, and (d) a Big Four accounting firm? LO2

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Strategic Management Theory And Cases An Integrated Approach 11th Edition Gareth R. Jones, Melissa A. Schilling - Solutions

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