Midterm Fall revision 2011(1)

Midterm Fall revision 2011(1) - Mid-Term Review Content...

Info iconThis preview shows pages 1–11. Sign up to view the full content.

View Full Document Right Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Mid-Term Review Content Sample Midterm True/ False Questions Short Answer Questions Advice Allocation of grades Time is Key True/ False Questions Potential Short Answer questions for Midterm? List (with some advice) of the 13 possible SAQs Sample midterm 15 True/ False questions (30%) 15 true/false questions 1. In the examples of Madonna, General Giap and Lance Armstrong strategic success was due to superior resources. 2. Simple, consistent, long-term goals is one of the common elements of successful strategies. 3. Effective implementation = strategic management + effective formulation 4. An organizational vision describes why a company exists. 5. The Resource based view of the firm model deals with inside of the firm i.e. the capabilities and resources 8. The key in Management Succession is forming a succession plan and developing a strong set of training programs for managers so that the firm can develop internal candidates who have a strong inside perspective. 9. Strategic group maps help map out the macro environmental influences. 10. An organizations external environment is constantly changing. 10. An organizations external environment is constantly changing. 11. High switching costs partially protect firms from rivals efforts to attract customers. 1. Apply Porters Five Forces to Wal-Mart and the Supermarket industry. 1. Apply Porters Five Forces to Wal- Mart and the retail industry. Introduction line Threat of new entrants Low to Medium Barriers to entry relatively high due to economies of scale, distribution systems, premium locations, brand name and financial resources needed Grocers could potentially enter the market place Relative success of differentiated stores such as Wegmans Bargaining power of suppliers Low to medium Bargaining power of buyers Low The single buyer has relatively no pressure over Wal-Mart A lot of complaints regarding Wal-Marts pricing techniques from Consumer Advocate Groups Generally, people do not enjoy shopping in Wal-Mart and would shop in another store if they could Threat of substitute Low not many substitutes that offer convenience and low pricing Competitive rivalry High Currently, there are three main incumbent companies that...
View Full Document

This note was uploaded on 01/08/2012 for the course BUSINESS SHR 247 taught by Professor Willgeo. during the Fall '11 term at Syracuse.

Page1 / 37

Midterm Fall revision 2011(1) - Mid-Term Review Content...

This preview shows document pages 1 - 11. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online