Questions and Answers of Strategic Management Competitive Advantage

Explain why firms need a policy against workplace phubbing.
Identify and discuss the pros and cons of keeping the COO position in a corporate design.
Why did Walmart, Inc. change their corporate name in 2018?
Develop a perceptual map for 5 colleges and universities in your state. Explain the potential value of your map for the President of your institution.
Under the marketing mix factor of Price, what are four considerations or decisions firms face?
Under the marketing mix factor of Promotion, list four subsets or decision areas.
To raise capital, what are the pros and cons of selling bonds, compared to issuing stock or borrowing money from a bank in terms of raising capital?
Explain how and why top executives can and do on occasion legally manipulate financial statements to inflate or deflate expected results.
Based on the financial statements provided for Coca-Colain the Cohesion Case, how much dividends in dollars did Coke pay in 2016? In 2017?
As a part of its Global Coalition Against Corruption, Transparency International, publishes annual corruption perception indices which rank countries according to their relative corruption levels.
How does TOMS Shoes uniquely meet its social responsibility obligations?
Discuss the climate for doing business in India. What are the implications for companies?
Regarding the strategic planning process, give four “should be” guidelines and four “should not be” guidelines.
Do a Google search using the term balanced scorecard images. Review the many different formats of the balanced scorecard currently being used by organizations. Decide on three formats that you
What is Saudi Arabia doing after evaluating strategies for that country?
Explain the triple-bottom-line approach to managing any business or organization.
Why are companies such as Apple Inc. bringing cash back to the United States that prior to 2018 was kept in offshore banks? What impact is that having on the US economy?
Diagram and discuss the Balanced Scorecard.
What is the International Standardization Organization (ISO)? What is the purpose of the ISO 14001 standards, and what types of entities can receive these certifications?
How would you describe the business climate globally in 2017-2018? What are the implications for companies?
Describe the economic outlook for Indonesia.
What areas of business does China seek superiority in within a decade?
What does the concept “daughterly guilt” mean with regard to the business culture in India?
A company is planning to begin operations in Switzerland. That company’s EFE Matrix includes 20 factors. How much weight (1.0 to 0.01) would you place on the corporate tax rate factor? Discuss.
Explain the significance of an EFE Matrix total weighted score of 3.67 versus a 1.59.
What does a CPM total weighted score of 1.88 imply for a company?
How have external factors resulted in a major overhaul to the traditional retail industry as we once knew it?
Do strengths always receive higher weights than weaknesses?
What variable does recent research reveal to be most important of all in doing business?
For your college or university, identify a strategy that would exemplify the matching concept evidenced in SWOT analysis.
Diagram the comprehensive strategic-management model.
In sequential order in the strategic-planning process, arrange the following appropriately: policies, objectives, vision, strategies, mission, strengths.
What does recent research reveal to be the most important component/activity in the strategic-management process?
This chapter’s exemplary strategist is CEO and founder of FedEx, Frederick Smith. How closely aligned do you think CEO Smith’s personal vision statement would/should be with his corporate vision
This chapter’s ethics capsule is about Facebook changing its mission to become more ethical. How closely aligned do you think Facebook Chairman Mark Zuckerberg’s personal mission statement
Regarding the “survival, growth, and profitability component, for publically held firms, shareholders oftentimes expect at least a 4 percent annual growth in revenues.” Explain why this statement
Explain the 5 by 5 Test associated with vision statements.
At the website http://www.themarketingblender.com/vision-mission statements/ it defines vision as “the dreaming piece” and defines mission as “the doing piece.” How effective is this
For a university, students are the customer. Write a single sentence that could be included in your university’s mission statement to reveal the institution’s market and product/service
What four characteristics can be used to evaluate the quality of a vision statement?
According to the authors, what are the three most important mission statement components in rank order?
Explain why it is important to develop both a full and narrow list of key external factors in developing an EFE Matrix.
In an EFE Matrix, should the weights for opportunities be designed to roughly equal the weights for threats? Why?
Compare and contrast the EFE Matrix with a CPM in terms of value provided for a strategist in performing an external assessment.
Mathematically, how much more important is a rating of 4 compared to a rating of 3? Why is this concept important in developing strategic planning matrices?
Describe how political elections can be an important external factor for companies to consider. Select an industry and reveal some key political factors impacting firms.
What external factors impact the ability of a state to attract business?
Rank order the relative importance of Porter’s Five Forces in the business of operating a college or university.
Explain how to conduct an external strategic-management audit, versus as a student performing case analysis.
Do you agree withPorter’s view that competitive positioning within an industry is a key determinant of competitive advantage(s)?
What is the difference between factors listed in an EFE Matrix vs. critical success factors listed in a CPM? In which matrix is it particularly important to include specific, actionable factors? Why?
Why do Annual Reports often state external risk information in really vague terms; why should strategists avoid including such vagueness in developing an EFE Matrix?
Explain why strengths are more important than weaknesses in strategic planning.
What is bitcoin?
Do strengths always receive higher ratings than weaknesses?
Should assignment of weights down an IFE Matrix weight column be contingent on “intensity of industry rivalry”?
Explain why it is so important to focus on a firm’s narrow industry rather than its broader industry in developing an IFE Matrix.
Explain the concept of factors being “actionable.”
Explain why companies develop a list of 50 to 100 internal factors before distilling the list to 20 to include in an IFE Matrix.
Describe two ways how a firm can determine from a list of 50 to 100 internal factors the 20 most important factors to include in an IFE Matrix.
Discuss strategic implications of a firm receiving a total weighted IFE Matrix score of 1.5 versus 3.5.
If IFE Matrix strength factor 4 receives a rating of 4, what does that signify for the analyst? If weakness factor 4 receives a rating of 4, what does that signify?
True or False: Recent research reveals that the most effective marketing methods for firms with fewer than 500 employees are the company website (50%). Explain.
What are “collaborative machines”?
Identify some excellent online resources for finding financial ratio information.
How might elements of the marketing mix, particularly “price” and “place” vary for common household goods vs. luxury products?
Why are so many firms consistently paying out dividends?
What is marketing promotion? Name several example forms of promotion commonly used by marketers.
Staffing activities include hiring, training, testing, wage and salary administration, employee benefits, union/management relations, and employee development. The Brown Company has high employee
Why is it important for companies to conduct marketing research? What type of information might they discover from marketing research?
Name ten activities that comprise human resource management.
What makes a resource valuable to a company?
What is the most severe cyberthreat facing companies today, and how can firms best mitigate against this threat?
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
Select a company that competes in an industry in which you are interested. What are some of the recent demands that stakeholders have placed on this company? Can you find examples of how the company
Select a company that competes in an industry in which you are interested. What are some of the recent demands that stakeholders have placed on this company? Can you find examples of how the company
When someone or some company is “on a mission” to achieve something, many times they cannot be stopped. List three things in prioritized order that you are “on a mission” to achieve in life.
Write a vision and mission statement for an organization of your choice.
Conduct a search on the Internet with the keywords “vision statement” and “mission statement.” Find various company vision and mission statements and evaluate the documents. Write a one-page,
Rather than developing a QSPM, what is an alternative procedure for prioritizing the relative attractiveness of alternative strategies?
The Sarbanes-Oxley Act requires that CEO’s and CFO’s sign financial statements to indicate that they are not misleading or inaccurate.
To what extent have you been exposed to natural environment issues in your business courses? Which course has provided the most coverage? What percentage of your business courses provided no
Do an Internet search using the keywords “Balanced Scorecard Images.” Pick out two images among the hundred available. Compare and contrast the two images/processes as to effectiveness.
AOL has 93 lobbyists on its payroll and spent $15.4 million on lobbying in Washington, DC in 2010. Is this ethical?
1. What management skills do you think would have been most important for Howard Schultz to have? Why? What skills do you think would be most important for a Starbucks store manager to have? Why?2.
Why is control important in managing customer interactions?
Discuss the five tools managers can use to measure organizational performance.
Compare and contrast feed-forward, concurrent, and feedback controls.
What is organizational performance? Name four sources managers can use to acquire information about actual organizational performance.
1. Describe the leadership lessons you think the Starbucks Leadership Lab provided store managers.2. What role do you think an organization’s culture plays in how its leaders lead? Relate this to
What are the five sources of a leader’s power?
Describe the environmental factors that most directly influence the human resource management process.
Describe why effective communication is not synonymous with agreement between the communicating partners.
What are the two main challenges of communicating in the wired world?
What can managers do to help them determine which communication channel to use in a given circumstance?
Should responsible management and ethical considerations be included in the analyses of an organization’s internal and external environments? Why or why not?
Describe the six-step strategic management process.
How might planning in a not-for-profit organization such as the Canadian Cancer Society differ from planning in a for-profit organization such as Molson?
1. What decisions in this story could be considered unstructured patterns? Structured problems?2. How does the Black Book help Coke’s managers and other employees in decision making?3. What does
Discuss what it takes to make change happen successfully.

Showing 100 - 200 of 309