Strategic Management Concepts And Cases 2nd Edition Mason Carpenter, Gerry Sanders - Solutions

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Briefly describe the most important characteristics of your new concept for Fox. LO4
Develop three organizational objectives for your new restaurant. LO4
Choose one of the three objectives to explore in more detail. List three alternative ways to reach this objective. LO4
Develop premises to evaluate each of these three alternatives. LO4
Based on these premises, choose the alternative that is most likely to reach the objective. LO4
As you think about this alternative, list the significant steps needed to implement this alternative. LO4
Summarize the primary advantages and disadvantages regarding planning. In your opinion, what is the principal advantage of planning? What is the principal disadvantage of planning? LO4
Explain five of the primary reasons why plans fail. In your opinion, which one of these reasons is most important? Why? LO4
What's the relationship between social responsibility and ethics? LO2
Should managers be philanthropic? Explain fully.Discuss some of the pitfalls that philanthropic managers must avoid. LO2
Do you think it’s worthwhile for managers to build sustainable organizations? Why? How would you do it? LO2
Do you think IKEA has a responsibility to support education and safety in the communities in which it does business? Explain. LO2
Assuming IKEA has such a responsibility as addressed in Exercise 3-4, in what instances would it be relatively easy for the company to be committed to living up to it? LO2
Assuming IKEA has such a responsibility as addressed in Exercise 3-4, in what instances would it be relatively difficult for the company to be committed to living up to it? LO2
How important are whistle-blowing laws for protecting an employee who feels that something is not right? Should these laws even exist? Why or why not? LO2
If you noticed that your current employer is doing something unethical or illegal, what steps would you take? LO2
If you were looking to hire a highly qualified candidate, but you discovered that he or she has blown the whistle at three previous employers, would you still hire this person? Why or why not? LO2
Now that you have studied the arguments “for”and “against” as presented in the chapter, what is your personal position about businesses per forming social responsibility activities? LO2
How can society help businesses meet social obligations? LO2
When managing people, describe the significance of understanding both minority and majority groups as they exist in an organization. LO6
Explain how average annual percentage changes in the U.S. population by race from 1995 to 2050 should influence today’s diversity planning for organizations of the future. LO6
How important is it to GE Lighting to have a diverse workforce? Discuss fully. LO6
How would you control diversity activities at GE Lighting if you were top management? LO6
As GE Lighting’s top management, what steps would you take to increase commitment to diversity throughout the organization? Be as specific as possible. LO6
Assess the allegations against CNN, Fox News, and the New York TimesWh.at is being claimed by those filing the lawsuits? LO6
|f these allegations are found to be true, what steps should each organization take to ensure that this does not happen again? If they are found to be false, is there anything each company can do to continue to show its commitment to diversity? LO6
Why is it important for companies to have a diverse workforce? What impact would a homogeneous group of employees have if they were all white males, for example? LO6
List five major points that Exhibits 1, 2, and 3 tell management about TECO’s workforce. LO6
How does management at TECO determine whether the present level of workforce diversity is appropriate for the company? LO6
Assume thatTECO management performs a similar study in five years. Name three new dimensions of diversity that you would like the study to explore.Explain why you would like each dimension studied. LO6
Pinpoint five ways that discrimination might negatively affect an organization. LO6
List five ways that you would promote diversity in an organization. How would you contro!your efforts to make sure they were successful? LO6
Based on the strategic group map in Illustration Capsule 3.1, which casual dining chains are Cracker Barrel’s closest competitors? With which strategic group does Panera Bread Company compete the least, according to this map? Why do you think no casual dining chains are positioned in the area
In 2003, Sony officially launched its Blu-ray disc, an optical disc data-storage format that could offer highdefinition video, with hopes of replacing the DVD format. Sony’s technology had the backing of a consortium that included Philips, Panasonic, Pioneer, Sharp, Samsung, Hitachi, and others.
The U.S. newspaper business is a declining industry.Newspaper circulation has been steadily falling since 1990, with the drop accelerating in recent years.According to the Newspaper Association of America, in 1990, 62.3 million newspapers were sold every day. By 2018, this figure had dropped to 31
By 2018, there were roughly 5 billion mobile broadband subscribers in the world.1 As smartphones spread worldwide, so do mobile payment systems.The fastest growth is in developing economies in Asia, Africa, and Latin America, where many people do not have credit cards or bank cards, and are
Two companies, Boeing and Airbus, have long dominated the market for large commercial jet aircraft.Today Boeing planes account for 50% of the world’s fleet of commercial jet aircraft, and Airbus planes account for 31%. The reminder of the global market is split between several smaller players,
Established in 2000 as a joint venture between Verizon Communications and Britain’s Vodafone, over the last 18 years Verizon Wireless has emerged as the largest and consistently most profitable enterprise in the fiercely competitive U.S. wireless service. Today, the company has over 150 million
When Jeff Bezos founded Amazon.com in 1995, the online retailer focused solely on selling books. Music and videos were soon added to the mix. Today, one can purchase a wide range of media and generalmerchandise products from Amazon, which is now the world’s largest online retailer, with over $200
Nordstrom is one of American’s most successful fashion retailers. John Nordstrom, a Swedish immigrant, established the company in 1901 with a single shoe store in Seattle. From the very start, Nordstrom’s approach to business was to provide exceptional customer service, selection, quality, and
Founded in 1837, Cincinnati-based Procter & Gamble (P&G) has long been one of the world’s most international companies. Today, P&G is a global colossus in the consumer products business, with annual sales in excess of $66 billion, over half of which are generated outside of the United States. P&G
In 1979, JCB, the large British manufacturer of construction equipment, entered into a joint venture with Escorts, an Indian engineering conglomerate, to manufacture backhoe loaders for sale in India. Escorts held a majority 60% stake in the venture, and JCB held 40%. The joint venture was a first
At a dinner for Silicon Valley luminaries in February 2011, U.S. President Barack Obama asked Steve Jobs of Apple, “What would it take to make iPhones in the United States?” Jobs replied, “Those jobs aren’t coming back.” Apple’s management had concluded that overseas factories provided
In 2018, Citigroup was a $71.4-billion, diversified, financial services firm known around the world. However, its history had not always been smooth. From the late 1990s through 2010, the company’s diversification moves, and its role in the mortgage crisis, combined to bring the company to its
In 2011, HP was churning on many fronts simultaneously.It had decided to abandon its tablet computer and was struggling with a decision about whether to exit its $40-billion-a-year personal computer (PC)business altogether. It also had a new CEO, Leo Apotheker (formerly the head of German software
Apple has a legendary ability to produce a steady stream of innovative new products and product improvements that are differentiated by design elegance and ease of use. Product innovation is in many ways the essence of what the company has always done, and what it strives to continue doing.
Can you think of an example in your own life where cognitive biases resulted in you making a poor decision? How might that mistake have been avoided?
In 1998, self-described snowboarder and surfer dude Chip Wilson took his first yoga class. The Vancouver native loved the exercises but hated doing them in the cotton clothing that was standard yoga wear at the time. For Wilson, who had worked in the sportswear business and had a passion for
Over the last two decades, the wireless telecommunications industry in the United States has been characterized by strong growth as demand for mobile phones—and, since 2007, smartphones—drove industry revenues forward. In 2000, there were 109 million wireless subscribers in the United States.
Southwest Airlines has long been the standout performer in the U.S. airline industry. It is famous for its fares, which are often some 30% lower than those of its major rivals. These low fares are balanced by an even lower cost structure, which has enabled Southwest to record superior profitability
For most of its history, McDonald’s has been an extraordinarily successful enterprise. It began in 1955, when the legendary Ray Kroc decided to franchise the McDonald brothers’ fast-food concept. Since its inception, McDonald’s has grown into the largest restaurant chain in the world, with
Thirty years ago, Starbucks was a single store in Seattle’s Pike Place Market selling premium-roasted coffee. Today, it is a global roaster and retailer of coffee with more than 24,000 stores, 40% of which are in some 70 countries worldwide. Starbucks set out on its current course in the 1980s,
When will an industry tend to become dominated by platform ecosystems? What will determine which platform ecosystems are more successful in an industry than others?
In February 2014, Comcast and Time Warner announced their intention to merge–a deal worth about $45 billion. The merger would form the largest cable TV and Internet provider in the United States and enable the company to control 27 of the top 30 markets in the United States, and three-fourths of
When is a company likely to choose (a) related diversification and (b) unrelated diversification?
Identify Honeywell’s portfolio of businesses, which can be found at its website (www.honeywell.com).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 increased
In 1854, Louis Vuitton founded a trunk-making company in Paris. He had observed that most trunks could not be easily stacked because they had rounded tops; he thus began producing trunks with flat bottoms and tops out of trianon canvas, which was lightweight and airtight. The style became extremely
When Howard Schultz founded Starbucks in 1987, he wanted to create a company that would genuinely care for the well-being of its employees.He had been very influenced by his memories of his father, noting that his father “struggled a great deal and never made more than $20,000 a year, and his
In April 2011, Larry Page, one of Google’s two founders, became CEO of the company. Page had been CEO of Google from its establishment in 1998 through 2001, when Eric Schmidt took over.After 10 years, Schmidt decided to step down and handed the reins back to Page. One of Page’s first actions
Prior to its 2016 acquisition by Alaska Airlines, Virgin America was consistently rated as one of the top U.S. airlines. Founded in 2004, the airline served 20 destinations out of its main hub in San Francisco. Virgin America was known for its leather seats, cocktail-lounge-style lighting, onboard
What strategies might these enterprises use to strengthen their business models (a) a small pizzeria operating in a crowded college market, and (b) a detergent manufacturer seeking to unveil new products in an established market?
Best Buy Co., Inc., is the world’s largest retailer of consumer electronics, computers, mobile phones, and related products. In the United States, it operates under the brands of Best Buy, Magnolia Audio Video, Pacific Sales, and Geek Squad. In Canada, it owns the chain of stores Future Shop; in
You are working for a small company that has developed an electric scooter that is lower cost, lighter, and has longer battery range than most existing electric scooters on the market. What strategies might your company pursue to try to increase your company’s success?
Reread the Strategy in Action 7.1 on Microsoft’s “segment zero” threat. Do you think one operating system for smartphones or tablets will become dominant? If so, which one and why?
Three basic questions must be answered by managers of organizations of all sizes as they begin the process of crafting strategy:• What is our present situation?• Where do we want to go from here?• How are we going to get there?After you have read the Participant’s Guide or Player’s Manual
Prepare a brief analysis of the organic food industry using the information provided by the Organic Trade Association at www.ota.com and the Organic Report magazine at theorganicreport.com. That is, based on the information provided on these websites, draw a five forces diagram for the organic food
Which of the factors listed in Table 3.1 might have the most strategic relevance for your industry?Table 3.1 Component Political factors Economic conditions Soclocultural forces Technological factors Environmental forces Legal and regulatory factors Description Pertinent political factors include
Using the financial ratios provided in Table 4.1 and following the financial statement information presented for Urban Outfitters, Inc., calculate the following ratios for Urban Outfitters for both 2016 and 2017:a. Gross profit marginb. Operating profit marginc. Net profit margind.
Cinnabon, famous for its cinnamon rolls, is an American chain commonly located in high traffic areas, such as airports and malls. They operate more than 1,200 bakeries in more than 48 countries. How many of the four tests of the competitive power of a resource does the store network pass? Using
On the basis of your company’s latest financial statements and all the other available data regarding your company’s performance that appear in the industry report, list the three measures of financial performance on which your company did best and the three measures on which your company’s
USAA is a Fortune 500 insurance and financial services company with 2017 annual sales exceeding $27 billion. The company was founded in 1922 by 25 Army officers who decided to insure each other’s vehicles and continues to limit its membership to active-duty and retired military members, officer
Which rival companies appear to be employing a broad low-cost strategy?
Is your company able to engage in outsourcing? If so, what do you see as the pros and cons of outsourcing? Are strategic alliances involved? Explain.
L’Oréal markets 32 brands of cosmetics, fragrances, and hair care products in 130 countries. The company’s international strategy involves manufacturing these products in 42 plants located around the world. L’Oréal’s international strategy is discussed in its operations section of the
Assume you are in charge of developing the strategy for an international company selling products in some 50 different countries around the world. One of the issues you face is whether to employ a multidomestic strategy, a global strategy, or a transnational strategy.a. If your company’s product
Using your university library’s business research resources and Internet sources, identify and discuss three key strategies that General Motors is using to compete in China.
Which one of the following best describes the strategic approach your company is taking in trying to compete successfully on an international basis?• Multidomestic or think-local, act-local approach.• Global or think-global, act-global approach.• Transnational or think-global, act-local
If your company opted to pursue a strategy of unrelated diversification, what industries or product categories could it diversify into that would allow it to capitalize on using its present brand name and corporate image to good advantage in the newly entered businesses or product categories? Name
Widely known as an ethical company, Dell recently committed itself to becoming a more environmentally sustainable business. After reviewing the About Dell section of its website (www.dell.com/learn/us/en/uscorp1/about-dell), prepare a list of 10 specific policies and programs that help the company
Search online to read about Jeff Bezos’s management of his new executives.Specifically, explore Amazon.com’s “S-Team” meetings (management.fortune.cnn.com/2012/11/16/jeff-bezos-amazon/). Why does Bezos begin meetings of senior executives with 30 minutes of silent reading? How does this
Review Facebook’s Careers page (www.Facebook.com/careers/). The page emphasizes Facebook’s core values and explains how potential employees could fit that mold. Bold and decisive thinking and a commitment to transparency and social connectivity drive the page and the company as a whole. Then
Review Valve Corporation’s company handbook online: www.valvesoftware.com/company/Valve_Handbook_LowRes.pdf. Specifically, focus on Valve’s corporate structure. Valve has hundreds of employees but no managers or bosses at all. Valve’s gaming success hinges on innovative and completely
Johnson & Johnson, a multinational health care company responsible for manufacturing medical, pharmaceutical, and consumer goods, has been a leader in promoting a decentralized management structure. Perform an Internet search to gain some background information on the company’s products, value
Read some of the recent Six Sigma articles posted at www.isixsigma.com. Prepare a one-page report to your instructor detailing how Six Sigma is being used in two companies and what benefits the companies are reaping as a result. Further, discuss two to three criticisms of, or potential difficulties
Company strategies can’t be executed well without a number of support systems to carry on business operations. Using your university’s library resources, search for recent articles that discuss how a company has used real-time information systems and control systems to aid the cause of good
Have you and your co-managers allocated ample resources to strategy-critical areas?If so, explain how these investments have contributed to good strategy execution and improved company performance.
What actions, if any, is your company taking to pursue continuous improvement in how it performs certain value chain activities?
Are benchmarking data available in the simulation exercise in which you are participating?If so, do you and your co-managers regularly study the benchmarking data to see how well your company is doing? Do you consider the benchmarking information provided to be valuable? Why or why not? Cite three
What hard evidence can you cite that indicates your company’s management team is doing a better or worse job of achieving operating excellence and executing strategy than are the management teams at rival companies?
Are you and your co-managers consciously trying to achieve operating excellence?Explain how you are doing this and how you will track the progress you are making.
Does your company have opportunities to use incentive compensation techniques?If so, explain your company’s approach to incentive compensation. Is there any hard evidence you can cite that indicates your company’s use of incentive compensation techniques has worked? For example, have your
Salesforce.com earned the top spot on Fortune’s list of the Best Companies to Work for in 2018, having been on the list for over 10 years. Use your university library’s resources to see what their company culture and values might have to do with this. What are the key features of its culture?
Based on what you learned about Salesforce.com from answering the previous question, how do you think the company’s culture affects its ability to execute strategy and operate with excellence?
If you were an executive at a company that had a pervasive yet problematic culture, what steps would you take to change it? Using Google Scholar or your university library’s access to EBSCO, LexisNexis, or other databases, search for recent articles in business publications on “culture
What core values would you want to ingrain in your company’s culture? Why?
What would happen to your company’s performance if you and your co-managers stick with the status quo and fail to make any corrective adjustments after each decision round?
How does business strategy differ from corporate strategy?
What is the relationship between strategy formulation and strategy implementation?
What five elements comprise the strategy formulation diamond?
What are the internal and external perspectives of competitive advantage?

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Strategic Management Concepts And Cases 2nd Edition Mason Carpenter, Gerry Sanders - Solutions

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