I need help with a Management question. All explanations and answers will be used to help me learn.
Instructions: There are four questions, and you will need to
answer all four questions. Your answers will be short essays and should be three full
paragraphs.
Content: The exam will cover chapters six through ten of the textbook, plus the assigned
readings from Units Four, Five, Six and Seven. It is important that you cite your references
and tie your answers back to the textbook and to the assigned readings. Further, it is
important that you integrate the textbook and assigned readings in your answer.
Essay Questions
(1) First Mover Advantage. What is first mover advantage? What are some advantages to
having first mover advantage in an industry? What are some disadvantages? What are the
industry conditions that favor being a first mover? What are the industry conditions that don’t
favor being a first mover? (integrate article “The Half-Truth of First-Mover Advantage” into answer)
(2) Corporate Strategy. When does business diversification become a consideration for
companies? What are the three tests that justify a business diversification decision? Which is
better, related business diversification or unrelated business diversification? What are the factors
that management should consider before making a diversification decision? (integrate article “To Diversify or Not To Diversify” into answer)
(3) Corporate Social Responsibility. What is corporate social responsibility? What are some
arguments in favor of corporate social responsibility? What are some arguments against
corporate social responsibility? What are some best practices that companies can adopt in order
to bring discipline and coherence to their corporate social responsibility activities? (integrate article “The Truth About Corporate Social Responsibility” into answer)
(4) Strategy Execution. What is strategy execution? Briefly describe the eight principal
managerial components of strategy execution. Why do some strategy execution processes fail?
What are some ways that management can more closely align their strategy with their strategy
execution? (Integrate article “5 Ways the Best Companies Close the Strategy-Execution Gap” into answer)
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