Strategic Management

MT4 tutorial essay question: “Managers adopt management practices like teenagers adopt fashionable clothing. If many start to use them, everybody has to have them. There is no concern about whether the practices work or are effective. Managers just follow the crowd because they do not want to be seen as deviants. As a result, there are lots of opportunities for those who dare to challenge conventions”. Discuss.

MT1 tutorial essay question: "A clever strategy is essential for achieving high performance." Do you believe that this hypothesis provides a good explanation of the data on firm performance?

MT2 tutorial essay question: "Profitability simply stems from having a superior product. Rather than spending time on strategizing, firms should spend time on developing better products." Discuss.

MT8 tutorial essay question: “Developing prescriptive theories of strategy, i.e., theories would tell managers what to do in order to achieve high profits, is impossible because achieving high profits requires doing something different, new, and even unexpected and there can be no recipe for such innovations”. Discuss.

MT6 tutorial essay question: Why is diversification often problematic? How might it be managed successfully?