Guidance for Preparing for Final Exam

1. Guidance for Preparing forFinal Exam

2. Exam will be onThursday, August 22, 2013 • Exam will be all Essay • Bring own pen and pencil • Final Exam covers Chapters5, 6, 7, 8, 9, 10, 11 and class discussions. • Review PowerPoint slides for each chapter and connect slides to materials in each chapter and lecture notes.

3. Chapter 5: • Be able to describe cost leadership, differentiation, and speed as competitive strategies and how they can be implemented in the value chain • Be able to explain how the Internet can support cost leadership and differentiation strategies • Be able to explain focus as a strategy

4. Chapter 6: • Be able to explain the concept of corporate strategy and how it differs from business-level stratgy • Be able to explain and apply the “Diversification Reasons Continuum” • Be able to discuss Johnson & Johnson’s corporate strategy and performance, its strategic issues, and how it might apply the “Diversification Reasons Continuum” to achieve a more successful corporate strategy

5. Chapter 7: • Identify and explain the two considerations that drive globalization • Be able to identify and explain each of the components of National Competitive Advantage • Be able to identify and explain the two opposing pressures that affect the development of international business strategy • Be able to explain the risks associated with the various forms of market entry and why higher investment may not mean higher risk

6. Chapter 8: • Be able to explain the differences between being an entrepreneur and being a small business owner • Be able to explain the interrelationship between the entrepreneurs and the opportunity • Be able to explain entrepreneurial leadership • Be able to explain competitive dynamics and how firms can apply competitive dynamics to change the competitive environment through strategic actions and tactical actions

7. Chapter 9: • Be able to explain the meaning of strategic control and how it is accomplished through information control and behavioral control • Be able to explain organizational culture and its role in achieving strategic control • Be able to explain the importance of rewards and incentives for strategy implementation

8. Chapter 10: • Be able to describe the 7S Framework as a means for strategy implementation and how the framework was applied in the Samsung case • Be able to describe the functional, divisional and matrix organizational structures • Be able to discuss the relative importance of the leader and the strategy as determinants of organizational structure • Be able to explain the meaning and importance of boundaryless organization

9. Chapter 11: • Be able to explain leadership’s three interdependent activities • Be able to explain the importance of emotional intelligence for leadership • Know and be able to explain the five components of emotional intelligence • Be able to explain the meaning, importance, and key elements of a learning organization • Be able to identify and explain the key elements of highly ethical organizations

10. Apple Case • Describe Apple’s strategic issue • Be able to explain why it is the strategic issue • Identify alternatives for solving the strategic issue and be able to explain why each alternative would solve the strategic issue – you do not have to evaluate the alternatives, only be able to describe why they would solve the strategic issue

11. One Ford Case • Be able to describe and explain how external and internal analysis were applied to identify Ford’s current strategic issue. • What is Ford’s strategic issue and what alternatives would you propose for this issue.

12. Samsung Case • Know how the 7S framework was applied in the Samsung case • Be able to (1) explain the strategic issue confronting Samsung, (2) propose and evaluate possible alternatives for the issue, and (3) recommend an alternative as a strategy and consider changes to Samsung’s 7Ss to implement your selected alternative