FS

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1) What is a functional strategy?

 

2) Distinguish between a market development and a product development strategy.

 

3) What does a financial strategy examine?

 

4) Give an example of a technological leader and a technological follower.

 

5) Discuss W. Edward Deming’s position on sole sourcing.

 

6) What is outsourcing?  What are the seven major outsourcing errors that should be avoided?

 

7) What are the strategies to avoid proposed by the authors?

 

8) What is a corporate scenario?  What are the three steps in their construction?

 
 

9) In evaluating a strategic alternative, if there is little fit with the company’s culture, what are management’s options?

 

10) In a dynamic environment, using consensus to arrive at a strategic decision is not recommended.  Why?  What two techniques can strategic managers use to avoid the consensus trap?