Salam and Hi,
Dear students,
Below are the questions for the assignments I have mentioned in class. Should you need any clarification, feel free to write it on the comment box below OR drop me an e-mail OR sms me at 019-5710708. TQ
You are to e-mail me the answers by Wednesday (24th February 2009) 7:00 pm .
Part A I-True/False (20 marks)
Instruction: Answer ALL questions
1. Strategic management is one decision that determines the short-term performance of a corporation.
2. To be effective, strategic management must be a formal process.
3. Population ecology is a theory that proposes organizations can and do adapt to change by imitating other successful organizations.
4. Knowledge is viewed as a source of competitive advantage.
5. A hierarchy is a group of strategy types by level in the organization.
6. Hiring and firing the CEO and top management is one of the five responsibilities of the board of directors.
7. Population theory states that problems arise in corporations because the agents (top management) are not willing to bear responsibility for their decisions unless they own a substantial amount of stock in the corporation.
8. The role of the board of directors in the strategic management of the corporation is likely to be less active in the future.
9. Executive leadership is the directing of activities toward the accomplishment of corporate objectives.
10. The theory of vital responsibility proposes that a private corporation has responsibilities to society that extend beyond making a profit.
11. Friedman referred to the social responsibility of business as a “fundamentally subversive doctrine.”
12. In any one strategic decision, the interests of one stakeholder group can conflict with another.
13. Kohlberg’s preconventional level is characterized by a person’s adherence to an internal moral code.
14. The Golden Rule is the essence of one of Immanuel Kant’s approaches to resolving ethical dilemmas.
15. A corporation uses environmental scanning to avoid strategic surprise.
16. The growing health consciousness is an example of a political-legal force.
17. The origin of competitive advantage lay in the ability to identify and respond to environmental change well in advance of competition.
18. An industry matrix summarizes the key success factors within a particular industry.
19. Brainstorming is a quantitative approach.
20. Business intelligence is one of the fastest growing fields within strategic management.
II- Short Structured (20 marks)
Instruction: Choose any FIVE questions
1. What are the benefits of strategic management?
2. Briefly describe the four basic elements of strategic management.
3. Explain the continuum of board involvement.
4. What are the responsibilities of top management?
5. What is moral relativism?
6. Discuss some reasons for unethical behavior by business people.
7. Define and discuss the importance of the Triad.
8. Define competitive intelligence.
PART B Case Studies (20 marks)
Instruction: Answer ALL questions
Refer to the case entitled CEO Hubris at Disney? on page 51 of your textbook, and answer the following questions:
1. What is hubris? How would you described hubris to the situation at Disney in this case.
2. Did Eisner comply to the terms transformational leader? Support your answer.
3. If you are one of the Board of Director (BOD) of Disney, what will be your stand? Do you choose to continue Eisner as a CEO? Support your answer.
