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A Brief Warm Up for the Mid Term Exam

A Brief Warm Up for the Mid Term Exam. Winter 2006. Contents of the Mid Term Exam. 25 multiple choice questions (2pts each). 5 define terms and 2 strategic financial problems (2 pts each). 2 essay questions. Choice of two essay questions and required to answer one (10 pts).

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A Brief Warm Up for the Mid Term Exam

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  1. A Brief Warm Up for the Mid Term Exam Winter 2006

  2. Contents of the Mid Term Exam • 25 multiple choice questions (2pts each). • 5 define terms and 2 strategic financial problems (2 pts each). • 2 essay questions. • Choice of two essay questions and required to answer one (10 pts). • 1 essay question will be mandatory (26pts).

  3. Two Examples of Multiple Choice Questions • The term strategy is defined as • a. an action a company takes to attain superior performance. • b. a rational planning process conducted by upper management. • c. the deliberate pursuit of emergent goals to achieve superior organizational performance. • d. whatever the organization actually does to achieve superior organizational performance. • All of these apply. • Successful companies in a mature industry are most interested in • a. reducing entry barriers. • b. increasing entry barriers. • c. reducing the power of suppliers. • d. reducing the threat of substitute products. • e. reducing the power of buyers.

  4. Mandatory Essay Question Describe the strategic management process in detail up to Chapter 9 of the model. I would like you to identify each of the individual components, to define a strategic term associated with each component, and to provide an example for each of your defined strategic terms using a company and the actual term in the example. In addition, I would like you to define strategy in your answer.

  5. Mandatory Essay Question • Example of component for Strategic Choice (Remember for this component you need to define one term from either Chapters 1, 2 or 3). • Identify: SWOT: Strategic Choice • Define: Icarus Paradox (page 102): Companies dazzled by early success believe that they understand how the market will work in the future and become susceptible to bad choices. • Example: Wang computers demonstrated attributes of the Icarus Paradox, as it was unable to maintain its early success.

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