Factors for Business Success

Introducing the Concepts
You as a strategic decision maker: building your skills (end of chapter)
“Making strategy, once an event, is now a continuous process.” Explain what you think this statement means.
Reminder: Always cite your sources when you use the words, thoughts and ideas of others.

Chapter 2 The Context of Managing Strategically
You as a strategic decision maker: building your skills (end of chapter)
Organizational vision statements can take some interesting directions. Using the Internet, find three examples of organizational vision statements and write them down. What do you think of these statements? Do they fit the four components of an organizational vision?
Reminder: Always cite your sources when you use the words, thoughts and ideas of others.

Chapter 3 Assessing the Opportunities and Threats: External Analysis
You as a strategic decision maker: building your skills (end of chapter)
Find three different online sources that report basic economic data.
(1) Describe what each of the sources provide
(2) Which one would you recommend as of source of economic data? Why?
Reminder: Always cite your sources when you use the words, thoughts and ideas of others.

Chapter 4 Assessing Strengths and Weaknesses: Internal Analysis
You as a strategic decision maker: building your skills (end of chapter)
Use the Internet to find two different examples of companies’ goals. List these companies and their goals. Then do some reverse thinking, and list what organizational resources and capabilities would be needed to accomplish those goals.
Reminder: Always cite your sources when you use the words, thoughts and ideas of others.

Chapter 5 Functional and Competitive Strategies
You as a strategic decision maker: building your skills (end of chapter)
Customer service would appear to be an important strategic goal of an organization. Yet, surveys of customer satisfaction by the University of Michigan conclude that customer service could be improved. Use the Internet to research the topic of customer service. Describe which functional strategies might have to change and how they need to change to improve customer service.
Reminder: Always cite your sources when you use the words, thoughts and ideas of others.

Chapter 6 Corporate Strategies
You as a strategic decision maker: building your skills (end of chapter)
Answer the following questions:
(1) Can corporate growth have a downside? Explain.
(2) How might drawbacks be addressed?
Reminder: Always cite your sources when you use the words, thoughts and ideas of others.

Chapter 7 International Strategies
You as a strategic decision maker: building your skills (end of chapter)
Use the Internet to search current business periodicals to define and explain examples of ethnocentric, polycentric, and geocentric attitudes toward global business.
Reminder: Always cite your sources when you use the words, thoughts and ideas of others.

Module: Special Topics in Strategy (aka: Chapter 8)
Compare and contrast entrepreneurial ventures and small business.
Reminder: Always cite your sources when you use the words, thoughts and ideas of others.

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