Chapter 8: Strategy Formulation: Functional Strategy and Strategic Choice

• Pearson MyLab Management Questions:

8-1. How can an operations strategy be used to understand and exploit a particular product offering?

8-2. How are corporate scenarios used in the development of an effective strategy?

• Discussion Questions:

8-3. Explain how functional strategies can support an organization's corporate strategy

8-4. 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?

8-5. Explain the new real-options approach used in conditions of high environmental uncertainty.

8-6. Identify the common signs that indicate an outsourcing strategy is not executed effectively.

8-7. How does a business evaluate its strategic choices?