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STRATEGIC MANAGEMENT CH.1
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Key Concepts and Objectives
Below a list of some of the main key terms you will find in this chapter. Keep in mind that getting familiar with these may help you in the rest of the class.
- Chapter 1: Strategic Management and Strategic Competitiveness
o Define strategic competitiveness, strategy, competitive advantage, above-average returns, and the strategic management process.
o Describe the competitive landscape and explain how globalization and technological changes shape it.
o Use the industrial organization (I/O) model to explain how firms can earn above-average returns.
o Use the resource-based model to explain how firms can earn above-average returns.
o Describe vision and mission and discuss their value.
o Define stakeholders and describe their ability to influence organizations.
o Describe the work of strategic leaders.
o Explain the strategic management process.
- Chapter Concepts:
o Strategic competitiveness
o Strategy
o Hypercompetition
o Global economy
o Resources
o Capabilities
o Core competencies
o Stakeholders
o Strategic leaders
Class, discuss what impact does Brazil have on the global economy?
STRATEGIC MANAGEMENT CH. 10
Key Concepts and Objectives
Hello Class,
Below a list of some of the main key terms you will find in this chapter. Keep in mind that getting familiar with these may help you in the rest of the class.
- Chapter 10: Corporate Governance
o Define corporate governance and explain why it is used to monitor and control top-level managers’ decisions.
o Explain why ownership is largely separated from managerial control in organizations.
o Define an agency relationship and managerial opportunism and describe their strategic implications.
o Explain the use of three internal governance mechanisms to monitor and control managers’ decisions.
o Discuss the types of compensation top-level managers receive and their effects on managerial decisions.
o Describe how the external corporate governance mechanism–the market for corporate control–restrains top-level managers’ decisions.
o Discuss the nature and use of corporate governance in international settings, especially in Germany, Japan, and China.
o Describe how corporate governance fosters ethical decisions by a firm’s top-level managers.
- Chapter Concepts:
o Corporate control
o Agency relationship
o Market for corporate control
o International corporate governance
Class, Read the Experiential Exercises #1 and answer the following question: What is total shareholder return and how is it calculated? Provide an example.
Strategic Management, Ch. 12
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Ethics and Corporate Responsibility
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Innovation and People Strategy
Week 1 Most Challenging Concepts
Recall the readings and activities you have completed this week, and describe the one or two points that were least clear to you. What questions do you have that would help you understand these points better?
