Questions on Strategic Management
Chapter 1 Homework
1. Find a recent copy of BusinessWeek and read the “Corporate Strategies” section. Was the main decision discussed strategic? At what level in the organization was the key decision made?
The article Tesla Speeds Past Texas Red Tape to Park Its Battery Plant in Nevada from BusinessWeek website shows the main decision determined to build its giant battery factory in Nevada. Of course it’s a strategic decision based on production requirements. Upper-level managers or directors of board probably make the decision.
3. After graduation, you are not likely to move directly to a top-level management position. In fact, few members of your class will ever reach the top-management level. Why, then, is it important for all business majors to study the field of strategic management?
Top-management is usually making strategic decision based on the big picture of the whole company and the economic circumstance. As a college graduation, we are only equipped with knowledge but no skills. And many decisions-making procedures require a lot experience. And the positions of top-management is limited comparing to large quantity of college graduates. It is important to learn strategic management because focusing on long-term goals is pretty helpful to run the business rather than short-term operations.
5. You undoubtedly have read about individuals who seemingly have given singled-handed direction to their corporations. Is a participative strategic management approach likely to stifle or suppress the contributions of such individuals?
I do not think stifling or suppressing a singled-handed director is a perfect idea to a corporation. Such individuals giving singled-handed direction to their corporations are always with high-level skills, good reputation and strong leadership ability. So it is disadvantage just to stifle or suppress them, which will result in reducing competition. A participative strategic management approach is to optimize
1. Find a recent copy of BusinessWeek and read the “Corporate Strategies” section. Was the main decision discussed strategic? At what level in the organization was the key decision made?
The article Tesla Speeds Past Texas Red Tape to Park Its Battery Plant in Nevada from BusinessWeek website shows the main decision determined to build its giant battery factory in Nevada. Of course it’s a strategic decision based on production requirements. Upper-level managers or directors of board probably make the decision.
3. After graduation, you are not likely to move directly to a top-level management position. In fact, few members of your class will ever reach the top-management level. Why, then, is it important for all business majors to study the field of strategic management?
Top-management is usually making strategic decision based on the big picture of the whole company and the economic circumstance. As a college graduation, we are only equipped with knowledge but no skills. And many decisions-making procedures require a lot experience. And the positions of top-management is limited comparing to large quantity of college graduates. It is important to learn strategic management because focusing on long-term goals is pretty helpful to run the business rather than short-term operations.
5. You undoubtedly have read about individuals who seemingly have given singled-handed direction to their corporations. Is a participative strategic management approach likely to stifle or suppress the contributions of such individuals?
I do not think stifling or suppressing a singled-handed director is a perfect idea to a corporation. Such individuals giving singled-handed direction to their corporations are always with high-level skills, good reputation and strong leadership ability. So it is disadvantage just to stifle or suppress them, which will result in reducing competition. A participative strategic management approach is to optimize