analysis of an organization’s external environment

MGMT Summer Module 3 – Chps 6, 7 & 8
CHP 6: A. Review Questions – For each of the following questions, briefly justify the correct answer (which is provided for you) to demonstrate your understanding of the material from this chapter. Include the question with your response.

1. Companies that succeed are often constantly re-examining strategies or competitive practices that have beensuccessful in the past in order to ascertain their probable future success. a. True b. False ANSWER: False
Your response:

2. An analysis of an organization’s external environment begins with an assessment of the company’s distinctivecompetencies and core capabilities. a. True b. False ANSWER: False
Your response:

3. When companies are performing above or better than their strategic reference points, top management is more likelyto choose a daring, risk-taking strategy. a. True b. False ANSWER: False
Your response:

4. Bargaining power of buyers tends to be higher when a company sells a popular product to multiple buyers than whena company is dependent on just a few high-volume buyers. a. True b. False ANSWER: False
Your response:

B. Essay Questions (Include the question with your answer).
1. An ad for a major brand of clothes washer reads, “Since our humble beginnings back in 1950, we have been dedicatedto building machines with superior cleaning power, reliability, and style.” This manufacturer is more than likely usingwhich kind of positioning strategy?

2. Differentiate between competitive inertia and strategic dissonance.

3. Explain how the concept of strategic group (and its two sub-types) is used in a situational analysis as part of anenvironmental scanning activity to identify specific opportunities and threats that can either improve or harm thecompany’s ability to sustain its competitive advantage.

C. Journals (2) Pick any two topics of your choice and give your reaction to what you’ve learned from the material. See syllabus for additional guidance on journaling. Please no definitions or explanations of terms. This is where I hear from you.

CHP 7: A. Review Questions – For each of the following questions, briefly justify the correct answer (which is provided for you) to demonstrate your understanding of the material from this chapter. Include the question with your response.
1. The same techniques for managing innovation work equally as well after technological discontinuities as during periods of incremental change. a. True b. False
ANSWER: False Your response:

2. According to Kurt Lewin, managing organizational change is a simple process that requires organizational dialogue, change intervention, and reformatting. a. True b. False
ANSWER: False Your response:
3. Resistance to change usually results from organizational factors: such as the absence of promotion guidelines, bonuses, and praise. a. True b. False
ANSWER: False Your response:
B. Essay Questions (Include the question with your answer).
1. How are technology cycles and innovation streams related?

2. What does a manager need to do to develop and manage creative work environments?

3a. Identify the methods that can be used to manage resistance to change. 3b.Which one should be used only as a last resort?

C. Journals (2) Pick any two topics of your choice and give your reaction to what you’ve learned from the material. See syllabus for additional guidance on journaling. Please no definitions or explanations of terms. This is where I hear from you.

CHP 8 A. Review Questions – For each of the following questions, briefly justify the correct answer (which is provided for you) to demonstrate your understanding of the material from this chapter. Include the question with your response.
1. The phase model of globalization means that companies made the transition from a domestic company to a global company in three sequential phases. The three phases are exporting, followed by wholly owned subsidiaries, and finishing with strategic alliances. a. True b. False
ANSWER: False Your response:

2. An attractive business climate is defined by one single dimension: Does the business minimize the political risk to the company? a. True b. False
ANSWER: False Your response:
3. When conducting global business, companies should attempt to identify the two types of political risk, which are political uncertainty and economic uncertainty. a. True b. False
ANSWER: False Your response:

B. Essay Questions (Include the question with your answer).

1. Compare and contrast the concepts of global consistency and local adaptation as policies for entering foreign markets. (In other words, explain how in application they are similar; how in application they are different).

2. Briefly comment on the types of training that should be provided AND to whom that training should be provided in order to ensure the success of managers who go on international assignments.

C. Journals (2) Pick any two topics of your choice and give your reaction to what you’ve learned from the material. See syllabus for additional guidance on journaling. Please no definitions or explanations of terms. This is where I hear from you. Be sure to apply guidance I’ve provided re crafting your journals ala critical thinking tips in our course syllabus.

[At the end of your module, type…”THE END”] This tells me nothing follows and is complete.