Question 1

This question contains multiple parts;be sure to answer all of them.First,define and explain strategic control.Next,summarize Bryan Barry's suggestions for keeping strategic planning on track.Finally,suppose you are the owner of a dog-walking service with eight dog-walkers on staff.Explain how you would implement each of Barry's suggestions.

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Question 2

Choose a local fast-food restaurant (such as a McDonald's,Wendy's,Taco Bell,KFC,or a locally owned diner)and develop a SWOT analysis for the restaurant,utilizing the four elements of a SWOT analysis.

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Question 3

Imagine that you are the CEO of a national chain of pet stores,Pets R Us.Define competitive intelligence and explain how you would use it to assess the current reality/business climate.

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Question 4

Define and describe a trend analysis.Give an example of the ways in which a department store like Macy's or Dillard's might use a trend analysis.

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Question 5

This question contains two parts;be sure to answer each.First,summarize Porter's four competitive strategies,giving examples of companies that use each of the strategies.Next,suppose you are CEO of PaperWhite,a company that produces reams of copy paper.Which strategy would you use,and why?

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Question 6

Maintain strategic control.
 The feedback loop comes out of strategic control.Through control,managers monitor progress and take corrective action early and rapidly when things go awry,sometimes returning to earlier steps to rethink policies,redo budgets,or revise personnel arrangements.

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 The feedback loop comes...

Question 7

This question contains several parts;be sure to answer each.Describe the characteristics of a good vision statement,and list at least three of the questions that a good vision statement will ask.Finally,evaluate how well IKEA's vision statement matches each question.

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Question 8

Focused-differentiation stresses unique and superior products to a narrow market;examples include the Ford GT supercar,Norwegian Cruise Line's Norwegian Escape,Cartier,Turnbull & Asser,and niche books.

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Question 9

Explain the difference between a cost-leadership strategy and a differentiation strategy.Provide an example of a company that uses each type of strategy.

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Question 10

This question has two parts;be sure to answer both.First,summarize each of the three common grand strategies.Next,provide an example of how a company (real or hypothetical)might execute each strategy.

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Question 11

Explain how a company would utilize a single-product strategy and a diversification strategy (including a vertical integration strategy).Provide an example of a company that uses each type of strategy.

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Quiz 6: Strategic Management: How Exceptional Managers Realize a Grand Design