Assignment:
Read an article in the business press about a major action taken by a corporation. Briefly describe this action and name key strategic management terms that the author used in the article.
Locate a mission statement of a company. Where did you find it? Was it presented as a consolidated statement?
In what ways do you believe the strategic planning approach of not for profit organizations would differ from that of profit oriented organizations?
Do you agree that mission statement provides substantive guidance while a vision statement provides inspirational guidance? Explain.
Name five potentially valuable indicators of a firms social responsibility and describe how company performance in each could be measured.
Do you think an organization should adhere to different philosophies of corporate responsibility when confronted with different issues, or should its philosophy always remain the same? Explain.
Briefly describe two important recent changes in the remote environment of U.S. Business in each of the following:
- Economic
- Social
- Political
- Technological
- Ecological
Assume the invention of a competitively priced synergic fuel that could apply 25 percent of us energy needs within 20 years. In what major ways might that change the external environment of us business?
What factors complicate environmental analysis at the global level? Which factors are making such analysis easier?
Explain when and why it's important for a company to globalize.
Describe SWOT analysis as a way to guide internal analysis . How does this approach reflect the basic strategic management process?
Distinguish between the the following pairs of grand strategies:
- Horizontal and vertical acquisitions
- Conglomerate and concentric diversification
- Product development and innovation
- Joint venture and strategic alliance