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CHAPTER 1 INTRODUCTION

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Information Classification: General

for The Strategic Manager Understanding Strategy in Practice, 3e by Harry Sminia (All Chapters)

CHAPTER 1 – INTRODUCTION

  • Explain what the concepts of ‘process logic’ and ‘performance logic’
  • refer to.

  • Discuss what it means that ‘strategy is a process’.
  • Compare and contrast SWOT and PEST (or PESTLE) analyses. How useful
  • are these two different types of analyses? What do they tell strategists?

  • Contrast strategic planning with wayfinding and discuss why both have
  • their use for strategic management.

  • / 2

Information Classification: General

CHAPTER 2 – MARKETING-INSPIRED STRATEGIC THINKING

  • Explain how marketing-inspired strategic thinking can be used to do a
  • strategic analysis.

  • Explain why from a marketing-inspired point of view a strategist is
  • expected to be a rational-decision maker. Discuss whether this is justified or not.

  • What is the difference between competitive strategy and corporate
  • strategy? How does marketing-inspired strategic thinking deal with corporate strategy?

  • Explain how the BCG-matrix is to be used for the purpose of analyzing a
  • multi-business firm.

  • / 2

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Information Classification: General Test Bank for The Strategic Manager Understanding Strategy in Practice, 3e by Harry Sminia (All Chapters) CHAPTER 1 – INTRODUCTION 1. Explain what the concepts...

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