Questions and Answers of Strategic Management And Business Policy

Why is strategic management considered important for global market competition?
What is the impact of sustainability on business practice?
Define strategic flexibility and explain its implications. Why is organizational learning important to the long-term development of strategic flexibility of organizations that intend to enter
What is a triggering event? List a few triggering events that stimulate strategic changes.
What is the most preferred planning mode of strategic decision-making for organizations competing internationally? Advanced economies are emerging from the worst financial recessions in modern times.
What changes do you think this might cause in the immediate task environment for a business operating within the financial service industry? Look at the Financial Times online for information.
How do these changes impact on corporate, business, and functional level strategies of financial service businesses? Are these changes going to affect you as customers?
How do you think a learning organization would act in this dynamic environment? What survival chances do the stagnant organizations have?
What are the roles and responsibilities of an effective and active Board of Directors?
Explain the role of executive leadership in building the strategic vision in corporations.
Is there a close relationship between the composition of a board of directors and the organizational performance?
Why is the combined Chair/CEO (or Managing Director) positions being increasingly criticized by most management scholars?
What is the role of codetermination? In your opinion, is the incorporation of lower-level employees on the board appropriate?
How should a board of directors be involved in the executive leadership of an organization?
What is hypercompetition? Is the outcome positive for corporations in the IT industry?
What is your opinion of Apple having a code of conduct for its suppliers? What would Milton Friedman say? Contrast his view with Archie Carroll’s view.
Why should a profit-making organization be socially responsible to its various stakeholders?
What is stakeholder analysis? Explain the steps taken to achieve the identification and evaluation.
Why do some employees of an organization behave unethically? Why is it necessary for an organization to develop employees’ ethics?
Explain why environmental analysis is considered to be an important activity for the strategy formulation process of an organization.
How do corporations analyze the societal environment? Is STEEP Analysis an appropriate tool?
Differentiate between fragmented and consolidated industry.
What are the most significant implications of a strategic group analysis of an organization?
How is Porter’s five force framework related to the identification of key success factors?
Explain how using an IFAS table impacts the understanding of a company’s internal resources and capabilities?
How does the resource-based view of firms help in determining the sustainability of a competitive advantage?
How does VRIO framework analysis help in evaluating a company’s competencies?
Why is organizational culture important for a business to effectively formulate its strategy?
How are organizational resources linked to the competitive advantages and corporate performance of an organization?
How is the possession of valuable and scarce resources of an organization related to the planning and formulation of its corporate-level strategy for enhancing its competitive advantages in the
Discuss how industry structure impacts competitive strategy choices.
What are the major sources of competitive advantages of an organization that can be effectively developed to support a cost leadership strategy for competing in the market?
How can an organization develop a competitive advantage internally without the help of outsiders?
Explain the importance of strategic alliances.
How is a diversification strategy related to the sustainable growth and development of an organization?
What are the major factors that an organization needs to analyze before it can consider entering a foreign market?
Explain the vertical integration continuum.
Explain how functional strategies can support an organization’s corporate strategy.
What are the reasons for strategic planners to pay more attention to the importance of planning and implementing an effective pricing strategy in a competitive market?
Explain the new real-options approach used in conditions of high environmental uncertainty.
Identify the common signs that indicate an outsourcing strategy is not executed effectively.
How does a business evaluate its strategic choices?
Staffing decisions are considered an important component of strategic planning and the management process. Why? How is strategy implementation process connected to the decisions resulting from a
Why is it necessary for an organization to align its managers with the corporate strategy to ensure better organizational performance?
Is downsizing a good strategy for revamping an organization’s competitiveness when it is facing major competitive threats in the market?
Can organizations be controlled by culture?Explain.
How is an international staffing strategy different from a domestic one?
What are the stages of International Development?
How can an expat program be improved to the benefit of the organization?
Why is strategic flexibility important for strategy formulation when an organisation is at the growth stage?
Does staffing really follow strategy? Are the job applicants’ knowledge, skills, and abilities the key, or is it the corporate strategy?
Provide local examples to show the relevance of Hofstede’s dimensions in effective staffing and directing.
Why is strategic control important in monitoring the process of strategy implementation?
Why is EVA an important component of the strategic management process?
Is the balanced scorecard a useful tool for developing, controlling and enhancing the strategy implementation process of an organisation? Why or why not?
Discuss the importance of the common-size financial statements in strategic evaluation and control process.
Financial statement analysis is considered useful for students in handling and analyzing case studies. Is this true? Why?
Why is strategic audit recommended in case study analysis for students?
L’Oréal markets 34 brands of cosmetics, fragrances, and hair care products in 130 countries. The company’s international strategy involves manufacturing these products in 42 plants located
Alliances, joint ventures, and mergers with foreign companies are widely used as a means of entering foreign markets. Such arrangements have many purposes, including learning about unfamiliar
Using your university library’s business research resources and Internet sources, identify and discuss three key strategies that Volkswagen is using to compete in China.
If your company opted to pursue a strategy of related diversification, what industries or product categories could your company diversify into that would allow it to achieve economies of scope? Name
If your company opted to pursue a strategy of related diversification, what industries or product categories could your company diversify into that would allow your company to capitalize on using
In what ways, if any, is your company exercising corporate social responsibility? What are the elements of your company’s CSR strategy? What changes to this strategy would you suggest?
Based on the information provided in Concepts & Connections 9.2, explain how Warby Parker’s CSR strategy has contributed to its success in the marketplace. How are the company’s various
If some shareholders complained that you and your co-managers have been spending too little or too much on corporate social responsibility, what would you tell them?
Is your company striving to conduct its business in an environmentally sustainable manner? What specific additional actions could your company take that would make an even greater contribution to
In what ways is your company’s environmental sustainability strategy in the best long-term interest of shareholders? Does it contribute to your company’s competitive advantage or profitability?
Prepare a one- to two-page analysis of a recent ethics scandal using your university library’s resources. Your report should(a) discuss the conditions that gave rise to unethical business
In what ways, if any, is your company exercising corporate social responsibility? What are the elements of your company’s CSR strategy? What changes to this strategy would you suggest?
To what extent, if any, have you and your co-managers adapted your company’s strategy to take shifting exchange rates into account? In other words, have you undertaken any actions to try to
To what extent, if any, have you and your co-managers adapted your company’s strategy to consider geographic differences in import tariffs or import duties?
Which one of the following best describes the strategic approach your company is taking to try to compete successfully on an international basis? • Multidomestic or think local, act local
In the event that your company had the opportunity to diversify into other products or businesses of your choosing, would you opt to pursue related diversification, unrelated diversification, or a
What specific resources and capabilities does your company possess that would make it attractive to diversify into related businesses? Indicate what kinds of strategic-fit benefits could be captured
Dell is widely known as an ethical company and has recently committed itself to becoming a more environmentally sustainable business. After reviewing the Corporate Social Responsibility section of
Páramo was a Guardian Sustainable Business Award winner in 2016. The company’s fabric technology and use of chemicals is discussed at
Is your company’s strategy ethical? Why or why not? Is there anything that your company has done or is now doing that could legitimately be considered as “shady” by your competitors?
Dell is widely known as an ethical company and has recently committed itself to becoming a more environmentally sustainable business. After reviewing the Corporate Social Responsibility section of
Páramo was a Guardian Sustainable Business Award winner in 2016. The company’s fabric technology and use of chemicals is discussed at
Is your company’s strategy ethical? Why or why not? Is there anything that your company has done or is now doing that could legitimately be considered as “shady” by your competitors?
Based on your experiences as a coffee consumer, does Starbucks’ strategy as described in Concepts & Connections 1. 2 seem to set it apart from rivals? Does the strategy seem to be keyed to a
Go to investor.siriusxm.com and check whether SiriusXM’s recent financial reports indicate that its business model is working. Are its subscription fees increasing or declining? Is its revenue
Elements of eBay’s strategy have evolved in meaningful ways since the company’s founding in 1995. After reviewing the company’s history at www.ebayinc.com/our-company/our-history/and all of the
What is our company’s current situation? A substantive answer to this question should cover the following issues:• Does your company appear to be in sound financial condition?• What problems
Why will our company matter to customers? A complete answer to this question should say something about each of the following:• How will you create customer value?• What will be distinctive about
What are the primary elements of your company’s business model?• Describe your customer value proposition.• Discuss the profit formula tied to your business model.• What level of revenues is
How will you build and sustain competitive advantage?• Which of the basic strategic and competitive approaches discussed in this chapter do you think makes the most sense to pursue?• What kind of
Boeing has been recognized by Forbes and other business publications as one of the world’s best managed companies. The company discusses how its people and organizational units bring to bear the
Based on the information provided in Concepts & Connections 2.4, describe the ways in which Volkswagen did not fulfill the requirements of effective corporate governance. In what ways did the board
Meet with your co-managers and prepare a strategic vision statement for your company. It should be at least one sentence long and no longer than a brief paragraph. When you are finished, check to see
What are your company’s financial objectives? What are your company’s strategic objectives?
What are the three or four key elements of your company’s strategy?
Prepare a brief analysis of the organic food industry using the information provided by the Organic Trade Association. Based upon information provided in the Organic Report magazine, draw a
Based on the strategic group map in Concepts & Connections 3.1, which casual dining chains are Applebee’s closest competitors? With which strategic group does California Pizza Kitchen compete the
The National Restaurant Association publishes an annual industry fact book that can be found at www.restaurant.org. Based on information in the latest report, does it appear that macro-environmental
Which of the five competitive forces is creating the strongest competitive pressures for your company?
What are the “weapons of competition” that rival companies in your industry can use to gain sales and market share? See Figure 3.7 to help you identify the various competitive factors. FIGURE 3.7
What are the factors affecting the intensity of rivalry in the industry in which your company is competing? Use Figure 3.7 and the accompanying discussion to help you in pinpointing the specific
Are there any driving forces in the industry in which your company is competing? What impact will these driving forces have? Will they cause competition to be more or less intense? Will they act to

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