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UMASS Mastering Strategic Final Questions

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Instructions: Provide your answers to all questions. For the following questions please base your answers on business research studies citing at least five for each question (4 questions). Provide citations in text, for example (Pffefer, 2015) and then include a full citation at the end of that answer. Your answers should be under one page for each question.

1. Please define, distinguish and contrast risk and uncertainty using business literature.

a. Are there any other terms related to the term “risk”?

b. What types of risk companies face? List and define at least five.

2. What do you know about intended and realized strategy?

a. Are these strategies similar or different? Why?

b. Provide examples from business world and your personal life of intendent and realized strategies.

3. Recently, a knowledge worker’s loyalty to his or her employing firm has decreased compared to his or her loyalty to his or her profession and colleagues. Explain why, citing at least five relevant research studies.

4. Please define, distinguish and contrast innovation and invention using business literature.

a. What types of innovation do you know of? Provide examples.

b. Are there national and regional factors in innovation? Provide examples.

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