Questions and Answers of Strategic Management Competitive Advantage

Everyone loves mickey mouse and Donald Duck. Walt Disney’s two largest segments are media networks and Parks and recreation. media networks consists of aBC, eSPn, Disney films, newly acquired
Explain cost/benefit analysis.
If a firm competes in an unstable industry, such as telecommunications,where on the SP axis of the SPACE Matrix would you plot the appropriate point? Diagram and explain.
Develop a diagram to reveal the benefits to a firm for doing strategic planning. include “improved understanding,” “enhanced communication,” “all managers and employees on a mission,” and
List what you believe are the five most important lessons for business that can be garnered from The Art of War book.
Most students will never become a chief executive officer or even a top manager in a large company. So why is it important for all business majors to study strategic management?
identify the three activities that comprise strategy evaluation.
the answer to this question may be Kroger company. founded in 1883 and headquartered in cincinnati, Ohio, Kroger is one of america’s best companies for effectively formulating, implementing,and
Mathematically, how much more important is a weight of 0.08 compared to 0.05? Why is this concept important in developing strategic-planning matrices?
Governments sometimes use “protectionism” to cope with economic problems, imposing tariffs and subsidies on foreign goods as well as placing restrictions and incentives on their own firms to keep
One answer to this question is that they work for Buffalo Wild Wings (BWW). Founded in 1982 and headquartered in Minneapolis, Minnesota, BWW is a fast-growing owner, operator, and franchisor of
What do you believe are the eight most important benefits of outsourcing?
Are hostile takeovers unethical? Why or why not?
Discuss five reasons why many mergers or acquisitions historically have failed.
This chapter discussed rival firms cooperating. Headquartered in Mountain View, California, LinkedIn is an online professional network designed to help members find jobs, connect with other
Why should a board not consist of all men, or all women, or all whites, or all minorities?
What major limitations of the BCG Matrix does the IE Matrix overcome? Diagram and explain.
In an IE Matrix, do you believe it is more advantageous for a division to be located in quadrant II or IV? Why?Diagram and explain.
What types of strategies would you recommend for an organization that achieves total weighted scores of 3.6 on the IFE Matrix and 1.2 on the EFE Matrix?Diagram and explain.
Given the following information, develop a SPACE Matrix for the XYZ Corporation: FP = +2; SP = − 6;CP = −2; IP = +4. Diagram and explain.
Nestlé’s market share of bottled water in the United States is 29.8%, followed by Niagara (23.3%), Coke’s Dasani (5.8%), DS Waters (5.7%), Pepsi’s Aquafina (4.1%), and Premium Waters (3.1%).
There is only so much revenue that coffee, lattes, and pastries can bring in, so Starbucks performed SWOT and QSPM analyses and decided to spend millions on three new strategies: (1) provide beer and
Women comprise only 6 percent of corporate board seats in asia, compared to 17 percent in europe and 15 percent in the United States. Why is this a problem globally for many companies and countries?
Headquartered in mclean, Virginia, Hilton Worldwide (and marriott) on January 1, 2015, implemented a new policy that requires customers to notify the hotel the day before their scheduled arrival to
True or False? Retained earnings on the balance sheet are not monies available to finance strategy implementation.Explain.
Headquartered in Hangzhou, China, Alibaba is an Internet-based e-commerce retailer that is twice as large as eBay and Amazon combined. Handling about half of all online transactions in China, Alibaba
What types of quantitative and qualitative criteria should be used to evaluate a company’s strategy?
Headquartered in Framingham, Massachusetts, tJX Companies is a discount apparel and home fashions retailer in the united States and abroad. the company owns t. J. Maxx, Marmaxx, Home goods,tJX
aoL has 100 lobbyists on its payroll and spends about $20 million on lobbying in Washington, Dc, annually. is this ethical?
Headquartered in new york city, avon products is the world’s largest direct-seller firm, and by far the largest direct seller of cosmetics and beauty-related items. avon is the fifth-largest
Exports from the United States comprise about 13.5 percent of GDP, compared to about 45 percent of Germany’s GDP. What are implications of this for U.S. firms doing business globally?
Headquartered in Ann Arbor, Michigan, Domino’s is the second-largest pizza chain in the United States behind Pizza Hut. Domino’s has over 10,000 delivery-only stores in about 70 countries and in
The lack of innovation and entrepreneurial focus at American Express (AmEx) may be because of hubris, inertia, and a lack of capability. The firm's performance in 2014 was not, by any means, what
The choice of a CEO signals potential actions to stakeholders about a firm’s potential actions. Howard Schultz served as Starbucks CEO for many years; the firm achieved multiple successes during
Amazon’s sales in 2014 were $88.99 billion, an increase of 19.4 percent over 2013. In fact, its sales in 2014 were a whopping 160 percent more than its sales in 2010, only four years prior. Amazon
British-based SuperGroup, owner of Superdry and its carefully banded product lines, is taking actions to deal with recent performance problems. These problems manifested themselves in various ways,
Business-level strategy, this chapter’s focus, details actions a firm takes to compete successfully in a particular industry or industry segment by using its resources, capabilities, and core
Aldi started as a small, family-owned grocery store located in Essen, Germany, in 1913. Two sons, Karl and Theo, took over the store from their mother in 1946; soon after doing so, they began
The Walt Disney Company has a diversified set of businesses in movie-making, television show production, media distribution (e.g., ABC and ESPN), interactive and theme parks (e.g., Disneyland, Disney
Founded in France in 1833, Lafarge became a successful global industrial company specializing in three product areas—cement, construction aggregates, and concrete. The other party in a “merger of
The Fédération Internationale de Football Association (FIFA) was founded in Paris in 1904 and was initially comprised of only European nations. By World War II, FIFA had added a few South American
The complexity associated with most cooperative strategies increases the difficulty of successfully using them. One cause of this complexity is the fact that often, firms collaborating on certain
Governance in Japan, Germany, and China has been changing as “western” governance systems have increasingly been adopted. Traditionally, boards of directors in these nations have largely been
What is a business-level strategy?
What is a business model and how do business models differ from business-level strategies?
How can firms use each of the business-level strategies to position themselves favorably relative to the five forces of competition?
What is corporate-level strategy and why is it important?
What is the definition of cooperative strategy, and why is this strategy important to firms competing in the current competitive landscape?
The lack of innovation and entrepreneurial focus at American Express (AmEx) may be because of hubris, inertia, and a lack of capability. The firm’s performance in 2014 was not, by any means, what
Steve Jobs was Apple’s co-founder and iconic CEO. A number of observers feel that much of Apple’s phenomenal success, especially after 2000, is a product of his “genius” and leadership.
Launched in 1946 in Japan, Sony gained a reputation for producing innovative products that were sold throughout the world. In fact, the firm’s success was instrumental to Japan’s development as a
What are the two major differences between for-profit and not-for-profit organizations?
Give some guidelines when forward integration is an excellent strategy to pursue.
Give some guidelines when product development is an excellent strategy to pursue.
Give some guidelines when divestiture is an excellent strategy to pursue.
Give some guidelines when retrenchment is an excellent strategy to pursue.
Give some guidelines when liquidation is an excellent strategy to pursue.
List the 10 external forces discussed in this chapter. When and why would some forces be more important than others?
Identify the advantages and disadvantages of vertical integration.
Define and give an example of a “blue ocean strategy.”
Identify and discuss three common ways to build capabilities internally.
What are the two key differences between for-profit and not-for-profit organizations, besides one type seeks to makes a profit the other does not?
Define and discuss whether it is best for a small firm to BUILD, BORROW, or BUY to grow.
When is a leveraged buyout an appropriate strategy to pursue?
Give actual examples of how Amazon is forward integrating and diversifying at the same time.
Explain the following statement: Unlike with cost leadership where a firm examines how to reduce costs along its value chain, with differentiation one looks to maximize value along each level of the
Define and explain benchmarking.
List five reasons why many mergers/acquisitions historically have failed.
Give some guidelines when backward integration is an excellent strategy to pursue.
Give some guidelines when horizontal integration is an excellent strategy to pursue.
Give some guidelines when market penetration is an excellent strategy to pursue.
Give some guidelines when market development is an excellent strategy to pursue.
Give some guidelines when unrelated diversification is an excellent strategy to pursue.
Give some guidelines when related diversification is an excellent strategy to pursue.
What is the difference between recommendations and strategies?
Why do Annual Reports often state objectives in really vague terms, such as to “hire good people” or to “stay ahead of trends”? Why should strategists avoid including such vagueness in
Explain the difference between strategies and recommendations.
Explain how to estimate costs associated with recommendations.
Why is it essential for a SWOT strategy to be stated specifically enough to estimate the $ cost (or savings)?
Why is it important to treat all animals, even cattle, pigs, and chickens, with care and respect?
A WSJ article (7-12-14, p. B3) said Apple’s smartphone market share in China is 6.0 percent, behind the two leaders Samsung (17.8%) and Lenovo (11.4%). In regards to a BCG Matrix, what are the
In developing a QSPM, if 10 strategies are being compared simultaneously, what would be a good scale for the AS scores? Why?
The number of people in millions that visited various finance-focused information websites in September 2017 are as follows: Yahoo Finance (59.7), Business Insider (53.4), CNBC (49.2), Forbes Digital
What are the benefits and drawbacks of many firms’ new policy of prohibiting employees to work from home? On balance, do you believe the benefits offset the drawbacks?
In terms of organizational culture, explain why Wells Fargo’s cross-selling practice led to massive losses for the firm?
As indicated in the chapter, workplace well-being is gaining steam. Explain the term and give three examples.
Array correctly in sequential order market positioning, segmenting, and targeting.
In what manner are firms investing/using “offshore cash” being brought back into USA?
List four benefits and four drawbacks of reshoring.
Some head football coaches get paid millions, presumably because there is so much money involved in college football the need to win is paramount. However, head coaches are often fired when a season
Among the three marketing activities (product positioning, target marketing, market segmentation), which activity comes first, second, and third?
Do a Google search using the term balanced scorecard adopters. Review the many different organizations currently using the balanced scorecard as part of their strategic planning. Select three
From a human resource management perspective, explain the difference between corporate wellness and corporate wellbeing.
Identify and discuss three reasons why market segmentation is so important in strategy implementation.
What is the “marketing mix” and why is it so important in strategy implementation?
Advertisements are getting more and more lengthy, annoying, and intrusive on both television and social media platforms. On television for example, sometimes eight ads will play on a commercial
Is there any reason why women cannot perform equally or better than men as top-level strategists in companies? Discuss.
Should companies monitor employees’ social media? Why or why not? If yes, how?
Why is perceptual mapping an important marketing tool in strategy implementation?
In the beverage soda industry, what two variables would be helpful to include in a perceptual map? Why?

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