Question 1: What are the elements of SWOT analysis? How would a firm use SWOT analysis in developing its' strategy? Provide an example.
Question 2: Identify three systems managers may use to achieve control of the organization. Why are they useful in achieving control? Be specific.
Question 3: The classic strategy model states "Build market share and profits will follow". Do you agree with this statement? Why? Why Not? Be specific.
Question 4: Globalization impacts competition in many ways. Please discuss two of these.
Be Specific and provide examples.
Question 5: There are several external factors that impact an organization and its strategy. Please discuss two of these. Provide examples of how they impact strategies.
Question 6: What is a joint venture? Why would a firm follow this strategy? Discuss an example of a joint venture and why it was successful - or why it failed?
Question 7: Porter states that "the essence of strategy formulation is coping with competition." Do you agree with this statement? Why? Why Not? Use examples. Be specific.
Question 8: Discuss the differences between strategy formulation and strategy implementation. Give examples. Be specific.
Question 9: "Strategic management should have no use in managing a firm since it has no practicality." Comment on this quotation bringing to bear issues from class discussions, your text, the simulation, and the cases.