Strategic Management Final Exam Review (covers Chapters 7, 8, 9, 10, 11, 12, 13)

Chapter 7

Difference between merger and acquisition (and takeover)-possible short answer/essay question

Reasons for acquisitions (m/c questions only)

Problems in achieving acquisition success (m/c questions only)

Figure 7.1 (p.205) is a good summary

Effective acquisition (table 7.1-p 210 is a good summary)

Define restructuring, downsizing, downscoping, LBO

Chapter 8

Figure 8.1 on p.228 is a good summary (possible essay question)

Identify opportunities

• What are the benefits of international strategy?

International Business-Level Strategy

International Corporate Level Strategy (possible essay question)

Define liability of foreignness

Choice of international entry mode (possible essay question)

Risks in international environment (m/c questions only)

The Challenge of International Strategies (m/c questions only)

Chapter 9

Define cooperative strategy

Strategic alliances (types-m/c questions only)

Business level cooperative strategy (possible essay)

Corporate level cooperative strategy (m/c questions only)

International Cooperative Strategy

Network Cooperative Strategy

Managing Cooperative Strategies

Chapter 10

Separation of ownership and control

Agency problem (possible short answer/essay)

Three major players of corporate governance (possible essay)

Define corporate governance

Institutional owners (m/c questions only)

Classification of boards

Executive compensation (possible mistakes and how to pay-essay question)

International corporate governance (possible essay questions)-Be ready to compare and contrast U.S with U.K, Germany and Japan.

Ethical behavior (m/c questions only)

Chapter 11

Define organizational structure

Define organizational controls

Relationship between strategy and structure (possible essay question)

Evolutionary patterns of strategy and structure

Different types of organizational structures (possible essay question)

Matches between business-level strategies and functional strategies (m/c questions only)

Matches between corporate level strategies and multidivisional (m/c questions only)

Matches between international strategies and worldwide structure (m/c questions only)

Chapter 12

Define strategic leadership

Figure 12.1 (p.371)

Define managerial discretion (figure 12.2-p375 is a possible essay question)

Managerial succession (possible essay questions)

What are the key strategic leadership actions? (possible essay question)

What is balanced scorecard?

Chapter 13

Only m/c questions from this chapter

What is strategic and corporate entrepreneurship?

What is entrepreneurship?

Three different types of innovation

Who are entrepreneurs?

Internal innovation

Difference between incremental and radical innovation

Difference between autonomous and induced strategic behavior

Innovation through cooperative strategies

Innovation through acquisitions

Creating value through strategic entrepreneurship