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What are the risks of forming a strategic alliance with a foreign company? Discussion Questions 1. What are the risks of forming a strategic alliance with a foreign company? Consider things like selling through a distributor based in a particular country, outsourcing to a factory in a particular country, a cross-distribution alliance, and so forth. […]

The Strategic-Planning Process and Strategic Decision Making the company continues to exist. In some cases, however, it does get “folded into” the acquiring company and for all intents and purposes disappears. The reasons for selling a company may include an owner wanting to cash out and retire or receiving an offer that is simply too

What Is Strategy? imitating it. If all department stores improved their customer service to the level of Nordstrom’s, would customers still make a point of shopping there? Curiously, though it isn’t rocket science, no other department store has been able to match Nordstrom’s customer service for a long time and diminish its brand. Low-Cost Leadership

How can companies strategic-planning process take into account very rapid changes in its environment? Discussion Questions 1. Discuss elements in your own life that have changed faster than you would have imagined. How did the changes happen? 2. What things can or do you buy now that did not exist five years ago? Three years

What Is Success? participants cite the use of Twitter and Facebook, tools that did not exist even five years before, with facilitating the wave of revolutions. Political upheavals, even in distant parts of the world, can bring both threats such as the disruption of oil supplies and the rise in the price of gasoline in

The Inexorable Pace of Change world. Of course, this ability also brings with it new considerations for the consumer. The reliabil- ity of buying from an Internet retailer, the security of making payment, and return policies would all factor into the purchase decision. 1.4 The Inexorable Pace of Change The world today is changing at an

A definition of globalization:the development of an increasingly integrated global economy marked especially by free trade, free flow of capital, and the tapping of cheaper foreign labor markets A definition of globalization as it is commonly used is “the development of an increasingly integrated global economy marked especially by free trade, free flow of capital,

The Globalization of Business cooperating really competing? In certain industries, the answer is yes. For instance, companies in the defense-aerospace industry used to prepare proposals on their own to bid on large military contracts. As military hardware has become increasingly complex and expen- sive, the cost to vendors of prepar- ing such proposals has over

What are the principal elements of the strategic-management process? The Association for Strategic Planning’s motto of “think—plan—act” also forms the foundation of this book. Are these three basic elements enough? 2. What are the principal elements of the strategic-management process? How are they interrelated? 3. How does strategic planning differ from strategic management? 4. What

What Is Strategic Management? The corporate graveyard is littered with notable failures—Enron, Pan Am, Tyco, Arthur Andersen, Circuit City, and Adelphia to name a few—demonstrating that managing strategically is very dif- ficult to do year after year. And how does strategic management differ from just ordinary man- agement? If one were suddenly called in to