Reference no: EM132703255

1. List three firms you are familiar with and give a distinctive competence for each firm.

2. Give some key reasons why prioritizing strengths and weaknesses is essential.

3. If you and a partner were going to visit a foreign country where you have never been before, how much planning would you do ahead of time? What benefit would you expect that planning to provide?

4. Even though planning is considered the foundation of management, why do you think it is commonly the task that managers neglect most?

5. How can delegation of authority contribute to effective strategic management?

6. Diagram a formal organizational chart that reflects the following positions: a president, 2 executive officers, 4 middle managers, and 18 lower-level managers. Now, diagram three overlapping and hypothetical informal group structures. How can this information be helpful to a strategist in formulating and implementing strategy?

7. Which of the three basic functions of finance/accounting do you feel is most important in a small electronics manufacturing concern? Justify your position.

8. Explain how you would motivate managers and employees to implement a major new strategy.