Department of Management
MBA Program
Critical Chapter Review Assignment for the Course
strategic planning and management
Instruction
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This is individual assignment intended to encourage students to deeply and critically read each chapter in the course
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You have to answer each question after a thorough reading of chapter and topic hinted in the brackets. Refer chapter and topic from power point. For detail, you can refer your text book.
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Clarity, Coherence and
language are
highly valued
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Direct shooting
is strictly forbidden
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Any sort of plagiarism is subjected to serious disciplinary measures
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All questions are mandatory
Edward Deming, a famous businessman, once said, “In God we trust. All others bring data.” What did Deming mean in terms of developing a strategic plan? (Read chapter one).
Compare and contrast vision statements with mission statements in terms of composition and importance. (Read chapter two).
Explain how to conduct an external strategic-management audit (External environment analysis). Support your answer with hypothetical example. (Read chapter three).
After conducting an internal audit, a firm discovers a total of 100 strengths and 100 weaknesses. What procedures then could be used to determine the most important of these? Why is it important to reduce the total number of key factors? (Read chapter four).
Dashen brewery is one of the most successful companies in the beer industry of Ethiopia. It is well known for its strong capital, production capacity and manpower. Available information about the beer industry in Ethiopia indicates that the industry is characterized by untapped markets, rapidly becoming global in scope and
channels of distribution are high both in number and quality.
The top management of Dashen brewery is currently looking for an intensive strategy with the aim of improving their company competitive position in the beer industry. What intensive strategy do you recommend for the top management of Dashen brewery? Why? Explain why you are not recommended intensive strategies that you are not recommended? (Read chapter five).
How are the SWOT Matrix, SPACE Matrix, BCG Matrix, IE Matrix, and Grand Strategy Matrix similar? How are they different? (Read chapter six).
Would you recommend a divisional structure by geographic area, product, customer, or process for a medium-sized bank in your local area? Why? (Read chapter seven).
Given the information in the following table, develop a BCG Matrix and an IE Matrix: (Read chapter six)
Divisions
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1
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2
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3
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Profits
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$10
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$25
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$25
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sales
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$100
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$50
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$100
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Relative Market Share
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0.2
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0.5
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0.8
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Industry Growth Rate
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+.20
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+.10
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-.10
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IFE Total Weighted Scores
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1.6
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3.1
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2.1
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EFE Total Weighted Scores
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2.5
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1.8
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3.3
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How does strategic management differ in for-profit and nonprofit organizations? (Based on overall reading).
Allocating resources can be a political and an ad hoc activity in firms that do not use strategic management. Why is this true? Does adopting strategic management ensure easy resource allocation? Why? (Based on overall reading).