Reference no: EM133186443

Reference Textbook: Arthur A. Thompson, Margaret A. Peteraf, John E. Gamble, and A. J. Strickland III, Crafting & Executing Strategy: Concepts and Cases, McGraw-Hill Education, 23rd edition, 2022, ISBN 978-1-265-02824-4.

1. Our Assistant Professor, Mark Antony Perez, declares that MGMT 702 is a management course which is typically listed under the academic discipline of strategic management. Now, he is wondering why on earth should we be studying an almost full chapter on the topic of corporate governance. Could you please present an insightful explanation to Professor Mark on this specific matter.

2. Our other Assistant Professor, Daisy Johanna Uy, has been preparing assiduously for this Test. She anticipated a question on agency theory. She is wondering who are agents and, also, who are principals. In addition, she wants to know what exactly are the two problems with which agency theory is principally concerned. She reviews the presentation in the textbook on agency theory and she cannot readily find satisfactory answers to these three questions. What do you think the answers should be? Please present the answers in separate and numbered paragraphs and state the source of your answers.

3. Of all the external control mechanisms presented in Chapter 9 (the pdf chapter), which one do you think exerts the strongest influence on executives of the company? Please explain your answer clearly and fully. Now, do think seriously as an executive here.

4. Managing companies or the divisions, departments, and units within them must, of course, focus on good strategy execution and operational excellence. Our young and ambitious colleague, Tuhina Garg, wants to be a senior manager after graduation at some well-established company. Please advise her fully, accurately, and in numbered fashion the first three types of organization-building actions that are of paramount concern to senior managers. And which one of these three would you deem to be the most critical one and why?

5. Did you review the PPT notes on Chapter 12? What is stated there about Warren Bennis' and John Kotter's famous distinction between leadership and management? And do you agree with Bennis and Kotter vis-à-vis the answer you have provided in question 4 above or indeed on your overall understanding of Chapters 10, 11, and 12? Do explain your answer clearly and fully.