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Learning Goal: I’m working on a management test / quiz prep and need an explanat

by | Aug 30, 2022 | Management | 0 comments

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Learning Goal: I’m working on a management test / quiz prep and need an explanation and answer to help me learn.
1. What is the PESTEL framework and what is its purpose?
2.What is the difference between deliberate strategy and emergent strategy? Give examples.
3. Describe Michael Porter’s view on competitive advantage. How do the three strategies differ from each other? Give an example of each.
4. Explain the difference between a wholly owned subsidiary and a subsidiary! Use examples.
5. Name the elements of a SWOT analysis and what do they mean?
6. Organizations are structured differently. Most common structures are divisional, functional, matrix, multinational and project based. How does a company decide which structure is best suited for them?
7. The two opposing pressures in the international markets result in four different strategies. What are they and how are they different?
8. How do you describe a turnaround strategy? When is it necessary and what does it entail?
Give an example.
9. What is the difference between a hard strategy and a soft strategy based on beliefs of Ghoshal and Bartlett (1997)?
10. In your own words, explain a strategic grouping and why are they important to a firm? Give an example of a grouping and discuss the two categories used in identifying these groupings.

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