Corporate Strategy Questions to answer<\/p>\n
Five(05) Questions to Answer ONLY. 02 pgs. per question preferred.<\/p>\n
Guidelines<\/p>\n
[ Pls. refer attached File]<\/p>\n
TO STRICTLY FOLLOW THE FOLLOWING GUIDELINES IN ANSWERING BELOW 05 QUESTIONS.<\/p>\n
You should refer ONLY following academic text books for answering below questions & NOT web sites:
\u2022 Lynch, R.(2006) Corporate Strategy, Prentice Hall, London (note that later editions are available under the title \u2018Strategic Management\u2019).
\u2022 Johnson, G., Scholes, K. and Whittington, R. (2014) Exploring Corporate Strategy, Prentice Hall, London (the 2008 edition is also available as an ebook; Indian edition available).
\u2022 Johnson, G. Scholes, K Whittington, R. (2012) Fundamentals of Strategy, Prentice Hall, London (the 2009 edition is also available as an e-book).
\u2022 Grant, R. M. (2010) Contemporary Strategy Analysis, Wiley, London.
Questions
1. Outline the key strategic options for organisations operating in high-technology sectors. Evaluate the relative merits of each option making use of examples to illustrate your answer.
\u2013 Brief introduction
\u2013 Main body:
o Demonstrate an understanding of the special context of high-technology sectors (e.g. short product life-cycles; the impact of disruptive technologies \u2013 see lecture notes, text book for other points)
o Describe the key options \u2013 the most relevant model is Afuah\u2019s \u2018block, run, team-up\u2019 model (see lecture notes and further reading)
o Consider the advantages and disadvantages of each of the 3 options
o Use examples to illustrate the points above \u2013 e.g. how did Microsoft or IBM use the different options? What were the benefits \/ drawbacks to them? See the IBM\/Microsoft video (Moodle link) or other egs from Afuah\u2019s writings.
\u2013 Conclusion: May address questions like \u2013 Is one particular option always best? Does it depend on the context? Should a combination be used?<\/p>\n
2. Discuss the nature of sustainable competitive advantage and assess the challenges of achieving it with reference to organisational examples.
\u2013 Brief introduction
\u2013 Main body:
o Define SCA and describe it\u2019s key features (see lecture & text book notes). You could refer to types of CA here \u2013 cost, differentiation, focus.
o Evaluate the challenges \u2013 the main ones are the challenge of achieving environmental consonance and the challenge of competitor attack. Consider how these challenges may be addressed \u2013 for example, examine the isolating mechanisms framework covered in the lecture.
o Illustrate the points above with reference to examples \u2013 e.g. Ryanair or other relevant examples
\u2013 Conclusion: what is your overall advice for firms facing the challenge of achieving SCA?<\/p>\n
3. Critically examine the differences between the prescriptive and the emergent approaches to strategy development.
\u2013 Brief introduction
\u2013 Main body:
o Define both terms
o Process diagrams for each will aid a description of each approach to strategy. Be sure to draw out the main differences in your descriptions.
o Your critical examination will weigh up the advantages and disadvantages of each approach \u2013 these are summarised in the lecture slides and also covered in most strategy text books.
\u2013 Conclusion: here you may take a view as to which is the better approach, or you may conclude that it depends on the context.
4. Assess the advantages and disadvantages of strategic planning in small businesses.
o Brief introduction
o Main body:
o Discuss what is meant by strategic planning
o Outline what is different about the small business sector \u2013 this will help to explain why approaches to planning may be different
o Weigh up the advantages and disadvantages of planning \u2013 see the lecture notes for help with this.
o You may perhaps present effectuation as an alternative to strategic planning in small businesses
o Conclusion: here you may give your own assessment of whether strategic planning is a good or a bad thing for small businesses.
5. \u201cEffective strategic change requires a discontinuous approach to be adopted\u201d. Critically evaluate this statement.
o Brief introduction
o Main body:
o Define \/ describe the nature of strategic change
o Define discontinuous change and compare it to continuous change.
o Weigh up the two approaches by considering their advantages and disadvantages (see lecture notes plus recommended text reading)
o You could draw on case examples \u2013 eg the Sri Lankan construction business 5. How effective was the approach used in this case and did it have some disadvantages?
o Conclusion \u2013 conclude directly in relation to the question \u2013 based on your assessment, is the statement correct?<\/p>\n","protected":false},"excerpt":{"rendered":"
Corporate Strategy Questions to answer Five(05) Questions to Answer ONLY. 02 pgs. per question preferred. Guidelines [ Pls. refer attached File] TO STRICTLY FOLLOW THE FOLLOWING GUIDELINES IN ANSWERING BELOW 05 QUESTIONS. You should refer ONLY following academic text books Read More …<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-83722","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/83722","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=83722"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/83722\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=83722"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=83722"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=83722"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}