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ACCESS Test Bank for Strategic Management Text and Cases 11th Edition Dess
ACCESS Test Bank for Strategic Management Text and Cases 11th Edition Dess
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,FChapterF1:FStrategicFManagement:FCreatingFCompetitiveFAdvantages
ACCESS Test Bank for Strategic Management Text and Cases 11th Edition
Dess
Chapter 1: Strategic Management: Creating Competitive Advantages
Part 1 Strategic Analysis
Chapter 1
Strategic Management: Creating Competitive Advantages... 1-2
What Is Strategic Management? .............................................................. 1-5
Defining Strategic Management ......................................................................................1-5
The Four Key Attributes of Strategic Management ......................................................... 1-5
The Strategic Management Process......................................................... 1-7
....................................................................................................................
Intended versus Realized Strategies ................................................................................1-7
Strategy Analysis .............................................................................................................1-7
Strategy Formulation.......................................................................................................1-8
Strategy Implementation.................................................................................................. 1-8
The Role of Corporate Governance
and Stakeholder Management.................................................................. 1-9
Alternative Perspectives of Stakeholder Management ....................................................1-11
Social Responsibility and Environmental Sustainability:
Moving Beyond the Immediate Stakeholders .................................................................. 1-12
The Strategic Management Perspective:
An Imperative throughout the Organization .......................................... 1-15
Ensuring Coherence in Strategic Direction ............................................ 1-16
Organizational Vision .....................................................................................................1-17
Mission Statements ..........................................................................................................1-18
Strategic Objectives......................................................................................................... 1-19
Issue for Debate ......................................................................................... 1-20
Reflecting on Career Implications ........................................................... 1-22
Summary .................................................................................................... 1-24
End-of-Chapter Teaching Notes............................................................... 1-27
Connect Resources ..................................................................................... 1-33
1-1
©FMcGrawFHillFLLC.FAllFrightsFreserved.FNoFreproductionForFdistributionFwithoutFtheFpriorFwrittenFconsentFo
fFMcGrawFHillFLLC.
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,Part 1 F Strategic Analysis
F
Chapter 1 F
Strategic Management: Creating Competitive Advantages... 1-
F F F F F
2 What Is Strategic Management? ........................................................... 1-5
F F F F
DefiningFStrategicFManagement ......................................................................................1-5
TheFFourFKeyFAttributesFofFStrategicFManagement......................................................... 1-5
The Strategic Management Process ......................................................... 1-7
F F F
....................................................................................................................
IntendedFversusFRealizedFStrategies ................................................................................1-7
StrategyFAnalysis .............................................................................................................1-7
StrategyFFormulation.......................................................................................................1-8
StrategyFImplementation.................................................................................................. 1-8
The Role of Corporate Governance
F F F F
and Stakeholder Management .................................................................. 1-9
F F
AlternativeFPerspectivesFofFStakeholderFManagement ....................................................1-11
SocialFResponsibilityFandFEnvironmentalFSustainability:
MovingFBeyondFtheFImmediateFStakeholders .................................................................. 1-12
The Strategic Management Perspective:
F F F
An Imperative throughout the Organization .......................................... 1-15
F F F F
Ensuring Coherence in Strategic Direction ............................................. 1-16
F F F F
OrganizationalFVision .....................................................................................................1-17
MissionFStatements ..........................................................................................................1-18
StrategicFObjectives......................................................................................................... 1-19
Issue for Debate.......................................................................................... 1-20
F F
Reflecting on Career Implications ............................................................ 1-22
F F F
Summary .................................................................................................... 1-24
End-of-Chapter Teaching Notes ............................................................... 1-27
F F
Connect Resources ..................................................................................... 1-33
F
1-2
©FMcGrawFHillFLLC.FAllFrightsFreserved.FNoFreproductionForFdistributionFwithoutFtheFpriorFwrittenFconsentFo
fFMcGrawFHillFLLC.
mynursytest.store
, ACCESS Test Bank for Strategic Management Text and Cases 11th Edition Dess
F F F F F F F F F F F
ChapterF1:FStrategicFManagement:FCreatingFCompetitiveFAdvantages
Chapter 1 F
Strategic Management:
F
Creating Competitive Advantages
F F
Summary/Objectives
PowerPointFSlideF2:FLearningFObjectives
AtFtheFheartFofFstrategicFmanagementFisFtheFquestion:F“HowFandFwhyFdoFsomeFfirmsFoutperformFot
hers?”FTheFchallengeFtoFmanagersFisFtoFdevelopFandFimplementFstrategiesFthatFwillFprovideFcompe
titiveFadvantagesFthatFwillFbeFsustainableFoverFtime.FThisFchapterFisFdividedFintoFfiveFsections.
1. TheFfirstFsectionFaddressesFtheFbroadFquestion:F“WhatFisFstrategicFmanagement?”FHere
,FweFdefineFstrategicFmanagementFasF“consistingFofFtheFanalysis,Fdecisions,FandFaction
sFanForganizationFundertakesFtoFcreateFandFsustainFcompetitiveFadvantages.”FWeFalsoFa
ddressFtheFfourFkeyFattributesFofFstrategicFmanagement:FconcernFwithFoverallFobjective
s;FinvolvementFofFmultipleFstakeholders;FincorporationFofFshort-FandFlong-
FtermFperspectives;FandFrecognitionFofFtradeoffsFbetweenFeffectivenessFandFefficiency.F
WeFalsoFintroduceFtheFconceptFofF“ambidextrousFbehaviors”—
theFneedFtoFcombineFalignmentFandFadaptability.
2. TheFsecondFsectionFdiscussesFtheFstrategicFmanagementFprocess.FHere,FweFpresentFtheF
threeFprocesses—analysis,Fformulation,FandFimplementation—
thatFprovideFtheFframeworkFforFtheFoverallForganizationFofFtheFthirteenFchaptersFofFtheF
book.
3. TheFthirdFsectionFfocusesFonFtheFvitalFroleFofFcorporateFgovernance,FwhichFisFessentialFt
oFensuringFthatFtheFactionsFofFaFfirm’sFmanagementFareFconsistentFwithFtheFgoalsFofFitsF
owners—
theFshareholders.FWeFalsoFaddressFstakeholderFmanagement.FItFmustFbeF takenFintoFacc
ountFthroughoutFtheFstrategicFmanagementFprocess.FAlthoughFtheFinterestsFofFstakehold
ersFmay,FatFtimes,Fconflict,FweFdiscussFhowFfirmsFareFableFto
achieveF“symbiosis”FamongFstakeholdersFwhereinFvariousFinterestsFareFconsideredF
interdependentFandFcanFbeFattainedFsimultaneously.FWeFaddressFtheFimportanceFofF
socialFresponsibility,FincludingFenvironmentalFsustainability,FasFwellFasFchallengesF
associatedFwithFmakingFtheFcaseFforFsustainabilityFinitiatives.
4. TheFfourthFsectionFaddressesFtoday’sFgreaterFneedFforFaFstrategicFmanagementFpers
pectiveFthroughoutFtheForganization.FWithFtheFemergenceFofFtheFknowledgeFofFeco
nomyFandFglobalization,FleadersFmustFmobilizeFpeopleFthroughoutFtheForganization
.
5. TheFfifthFsectionFdiscussesFtheFneedFforForganizationsFtoFattainFconsistencyFinFtheirFvis
ion,Fmission,FandFstrategicFobjectives.FCollectively,FtheyFformFaFhierarchyFofFgoals.
1-3
©FMcGrawFHillFLLC.FAllFrightsFreserved.FNoFreproductionForFdistributionFwithoutFtheFpriorFwrittenFconsentFo
fFMcGrawFHillFLLC.
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