Strategic Management

Strategic Management

Part One: Answer the following questions in detail:
1. How can a decision maker identify strategic factors in a corporations’ international environment?
2. Compare and contrast trend extrapolation with the writing of scenarios as forecasting techniques. (Support your answer with an example)
3. How might a firm’s management decide whether it should continue to invest in familiar technology or in new but untested technology? What factors might encourage or discourage such a shift? (Support your answer with an example)
4. In what ways can a corporation’s structure and culture create internal strengths or weaknesses? (Give examples)
5. What are the advantages and disadvantages of being a first mover in an industry? (Give some examples of first mover and late mover firms)
6. Is it possible for a company or business unit to follow a cost leadership strategy and a differentiation strategy simultaneously? Why or why not?
7. How should a corporation attempt to achieve synergy among functions and business units? (Support your answer with an example)
8. How can a corporation keep from sliding into the decline stage of the organizational life cycle? (Support your answer with an example)
9. What are some ways to implement a retrenchment strategy without creating a lot of resentment and conflict with labor unions?
10. Is the evaluation and control process appropriate for a corporation that emphasizes on creativity? Are control and creativity compatible? Elaborate
Part Two:
How can the corporate culture be changed? Present your answer in the format of a plan emphasizing on the following points:
1. Actions
2. Responsibilities
3. Time frame
4. Budget
Upon the execution of the plan, what are the expected success criteria that you will use in measuring and evaluating your plan? Explain each criterion in detail

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