Thompson and Strickland Essay Questions
Thompson and Strickland Essay Questions
1. Identify and briefly discuss the nature of each of the five tasks of strategic management.
2. Who is responsible for doing the tasks of strategic management?
3. What is the role of strategic planners in the strategic management process?
4. What is the role of a company's board of directors in the strategic management process?
5. Why is it appropriate to argue that good strategy-making and good strategy-implementing are valid signs of good management?
6. Why does crafting strategy have a strong entrepreneurial character?
7. What does an organization's strategy consist of?
8. Why is the task of strategizing an ongoing exercise?
9. Define and briefly discuss the significance of the following terms:
a. mission
b. strategic objective
c. strategy
d. strategic plan
e. strategy implementation
10. Is it more accurate to think of strategy as being "crafted" or "planned"? Why?
11. Describe in some detail the task of developing a mission statement for an organization.
12. What are the risks and pitfalls of defining a company's business in broad terms?
13. What managerial purpose does the establishment of long-term objectives have? What are some examples of long-term objectives?
14. What is the managerial value of a well-conceived, well-said mission statement?
15. What is meant by the "challenging but achievable test" as concerns the establishment of objectives?
16. Discuss the meaning and areas of focus for each of the following levels of strategy:
a. corporate strategy
b. business strategy
c. functional area strategy
d. operating strategy
17. What is the difference between corporate strategy and business strategy?
18. How can one identify the corporate strategy of a diversified company?
19. Discuss what is
1. Identify and briefly discuss the nature of each of the five tasks of strategic management.
2. Who is responsible for doing the tasks of strategic management?
3. What is the role of strategic planners in the strategic management process?
4. What is the role of a company's board of directors in the strategic management process?
5. Why is it appropriate to argue that good strategy-making and good strategy-implementing are valid signs of good management?
6. Why does crafting strategy have a strong entrepreneurial character?
7. What does an organization's strategy consist of?
8. Why is the task of strategizing an ongoing exercise?
9. Define and briefly discuss the significance of the following terms:
a. mission
b. strategic objective
c. strategy
d. strategic plan
e. strategy implementation
10. Is it more accurate to think of strategy as being "crafted" or "planned"? Why?
11. Describe in some detail the task of developing a mission statement for an organization.
12. What are the risks and pitfalls of defining a company's business in broad terms?
13. What managerial purpose does the establishment of long-term objectives have? What are some examples of long-term objectives?
14. What is the managerial value of a well-conceived, well-said mission statement?
15. What is meant by the "challenging but achievable test" as concerns the establishment of objectives?
16. Discuss the meaning and areas of focus for each of the following levels of strategy:
a. corporate strategy
b. business strategy
c. functional area strategy
d. operating strategy
17. What is the difference between corporate strategy and business strategy?
18. How can one identify the corporate strategy of a diversified company?
19. Discuss what is