Principles of Management
OER 2019 Edition
ISBN: 9780998625768
Author: OpenStax
Publisher: OpenStax College
expand_more
expand_more
format_list_bulleted
Textbook Question
Chapter 8.1, Problem 1CC
Why do managers use strategic analysis?
Expert Solution & Answer
Trending nowThis is a popular solution!
Students have asked these similar questions
E
Select the option which is true about the following statement.
Statement: "ADHD is defined as a neurodevelopmental disorder
characterized by persistent patterns of inattention, hyperactivity,
and impulsivity; it is triggered by a combination of genetic,
neurological, and environmental factors."
i. It is a thesis statement
ii. It is a topic sentence
iii. It is an ideal introduction
iv. It suggests that the writer intends to construct an extended definition essay
v. It suggests that the writer intends to construct a body paragraph
vi. It suggests that the writer's intention is to use up to three expository methods.
O a. iii only
O b. i, iv and vi only
○ c. ii and v only
○ d. iii and iv only
○ e. i and iv only
Which one of the following options best explains why the following is NOT a good example of a thesis
statement for a Comparison and Contrast essay.
Thesis statement: Hurricanes and earthquakes are similar in that they
are both natural disasters and have potential for widespread damage.
However, while hurricanes are weather-related phenomena, earthquakes
are geological events.
O a. It is not expressed as a single sentence.
O b. It does not contain adequate language of the method.
О с.
It is untrue.
= O d. It does not contain identifiable points.
Select the option which is true about the following statement.
"Contrary to instant messaging, which is typically
informal, emailing tends to be more formal; both are
essential forms of communication and are digitally
channeled."
O a. It does not allow for comparison of two related subjects.
O b. It focuses on a point of comparison.
○ c. It is a topic sentence.
○ d. It focuses on a point of contrast.
○ e. It is a thesis statement.
Chapter 8 Solutions
Principles of Management
Ch. 8.1 - Why do managers use strategic analysis?Ch. 8.1 - How are internal factors different from external...Ch. 8.2 - Explain the elements of a SWOT analysis.Ch. 8.2 - What information does a SWOT analysis provide...Ch. 8.3 - Describe a firms macro environment.Ch. 8.3 - What does PESTEL stand for? How do managers use...Ch. 8.3 - How would you approach this issue if you were the...Ch. 8.3 - What PESTEL challenges is LEGO trying to address...Ch. 8.3 - Explain what favorable PESTEL factors support...Ch. 8.4 - Describe each of Porters Five Forces. What...
Ch. 8.5 - What are firm resources and capabilities?Ch. 8.5 - Describe a value chain and what the activities in...Ch. 8.5 - What is VRIO? What questions do the letters stand...Ch. 8.5 - What resource or capability challenges have Uber...Ch. 8.5 - What PESTEL factors do you think are contributing...Ch. 8.5 - What industry challenges (think of Porters Five...Ch. 8.6 - What is competition, and what is the role of...Ch. 8.6 - When does a firm have a competitive advantage over...Ch. 8.6 - Explain the differences between the three...Ch. 8.7 - How does strategic analysis help a firm develop...Ch. 8 - Why do managers use strategic analysis?Ch. 8 - What information does a SWOT analysis provide...Ch. 8 - Describe a firms macro environment and how...Ch. 8 - What is a firms micro environment, and why is it...Ch. 8 - What is an industry, and how do Porters Five...Ch. 8 - What are firm resources and capabilities, and what...Ch. 8 - When does a firm have a competitive advantage over...Ch. 8 - What are generic competitive strategies, and how...Ch. 8 - What do strategic group members have in common...Ch. 8 - How does strategic analysis help a firm develop...Ch. 8 - What PESTEL factors supported Teslas success?...Ch. 8 - How has Teslas strategic position changed since it...Ch. 8 - What kind of responses would you expect from...
Additional Business Textbook Solutions
Find more solutions based on key concepts
Define cost object and give three examples.
Horngren's Cost Accounting: A Managerial Emphasis (16th Edition)
To what does the lifetime value of the customer refer, and how is it calculated?
MARKETING:REAL PEOPLE,REAL CHOICES
In the firm the stock is actively traded in the securities markets need not concern in the diversification and ...
Gitman: Principl Manageri Finance_15 (15th Edition) (What's New in Finance)
Questions For Review
12-4. How is the concept of the value package useful in marketing to consumers and industr...
Business Essentials (12th Edition) (What's New in Intro to Business)
E6-14 Using accounting vocabulary
Learning Objective 1, 2
Match the accounting terms with the corresponding d...
Horngren's Accounting (12th Edition)
Quick ratio and current ratio (Learning Objective 7) 1520 min. Consider the following data: COMPANY A B C D Cas...
Financial Accounting, Student Value Edition (5th Edition)
Knowledge Booster
Similar questions
- Can you guys help me with this? Thank you! The country in here is India Please put this into paragraphs to discuss the screenshot more specificly.arrow_forwardIn 2022, GlobalTech, a multinational company, expanded its operations into a developing country with different cultural norms around labor practices. While GlobalTech's corporate ethics emphasised fair wages, safe working conditions, and environmental sustainability, local business practices often included lower wages, minimal safety protocols, and lax environmental regulations. The CEO, Jane Harris, who strongly believed in ethical universalism, faced pressure from the local management team to adapt to the region’s practices to reduce operational costs and gain competitive advantage. As the company compromised on wages and environmental standards, it sparked internal conflicts among employees, with some advocating for adherence to the company's global ethical policies while others argued for alignment with local practices under the guise of ethical relativism. Soon after, news broke out about poor working conditions and environmental violations, leading to public outrage, protests,…arrow_forward-Provides a clear definition of personal and corporate ethical values and their relevance to business decision-making.- Discusses how Jane Harris's belief in ethical universalism influences her decision- making. Examples from the scenario are well integrated. - Explains the role of corporate ethics at GlobalTech, particularly around sustainability, fair wages, and safe workingconditions. Discusses how these values shape business policies and practices. - Summarises the influence of personal and corporate values on decision-making and how ethical conflicts may affect a multinational business like GlobalTech. - The discussion is logically structured, with clear argumentation and a coherent flow of ideas.arrow_forward
- In 2022, GlobalTech, a multinational company, expanded its operations into a developing country with different cultural norms around labor practices. While GlobalTech's corporate ethics emphasised fair wages, safe working conditions, and environmental sustainability, local business practices often included lower wages, minimal safety protocols, and lax environmental regulations. The CEO, Jane Harris, who strongly believed in ethical universalism, faced pressure from the local management team to adapt to the region’s practices to reduce operational costs and gain competitive advantage. As the company compromised on wages and environmental standards, it sparked internal conflicts among employees, with some advocating for adherence to the company's global ethical policies while others argued for alignment with local practices under the guise of ethical relativism. Soon after, news broke out about poor working conditions and environmental violations, leading to public outrage, protests,…arrow_forwardQuestion 2 The selected financial statements data of NGX Ltd. for the years ended 31 December 20x4 and 20x5 are as follows NGX Ltd. Trial Balances as of 31 December Cash Trade Debtors Closing stock Equipment (net) Trade Creditors Long term debt Capital Sales Cost of goods sold (COGS) Depreciation Salary expenses Tax Year 20x4 ($m) 1,000 500 Year 20x5 ($m) 4,000 3,000 1,400 100 50 REQUIRED: a) Calculate (to 2 decimal places) the following ratios for the company in year 20x4 and 20x5. i. Net profit ratio ii. Gross profit ratio iii. Current ratio iv. Quick ratio V. Debtors ratio vi. Creditors ratio vii. Stock turnover ratio viii. Gearing ratio b) Comment on the profitability, efficiency, and short term liquidity of NGX Ltd.arrow_forwardGive thorough answers by including an answer to the question "Why?", even when it is not asked. In other words, imagine the person who is going to read your answer knows nothing about you, so justify your answer more than you need to with examples from your past experiences in work, academics. Brag! Question: What obstacles have you overcome to get where you are today, both professionally andpersonally, and what essential lessons have you learned from some of your mistakes? Context: I'm a senior majoring in Business Management at University.arrow_forward
- Give thorough answers by including an answer to the question "Why?", even when it is not asked. In other words, imagine the person who is going to read your answer knows nothing about you, so justify your answer more than you need to with examples from your past experiences in work, academics. Brag! Question: What new skills have you learned in the last year? And why were they worth learning? Context: I'm a senior majoring in Business Management at University.arrow_forwardGive thorough answers by including an answer to the question "Why?", even when it is not asked. In other words, imagine the person who is going to read your answer knows nothing about you, so justify your answer more than you need to with examples from your past experiences in work, academics. Brag! Question: What do you think is your strongest ability and how did you end up being good at it? Context: I'm a senior majoring in Business Management at University.arrow_forwardGive thorough answers by including an answer to the question "Why?", even when it is not asked. In other words, imagine the person who is going to read your answer knows nothing about you, so justify your answer more than you need to with examples from your past experiences in work, academics. Brag! Question: What would you and others say are five of your personality pluses? And Why? Context: I'm a senior majoring in Business Management at University.arrow_forward
- What is the foundation of the study on emotional wellness coping methods and increasing self-understanding? What is the general problem to be addressed on emotional wellness coping methods and increasing self-understanding? What are the consequences arising from the emotional wellness coping methods and increasing self-understanding?arrow_forwardNorth Africa: Morocco, Tunisia, and Algeria Final Project: Foreign Market Entry Strategy of Best Buy Organizational Strategies: a. Outline the organizational structure that best supports the company’s region expansion. b. Discuss potential leadership and management challenges, including cross-cultural management, and propose strategies to address them.arrow_forwardPlease explain how a university education will benefit an individual in the future.arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Management, Loose-Leaf VersionManagementISBN:9781305969308Author:Richard L. DaftPublisher:South-Western College Pub
Foundations of Business (MindTap Course List)MarketingISBN:9781337386920Author:William M. Pride, Robert J. Hughes, Jack R. KapoorPublisher:Cengage Learning
Foundations of Business - Standalone book (MindTa...MarketingISBN:9781285193946Author:William M. Pride, Robert J. Hughes, Jack R. KapoorPublisher:Cengage LearningMarketingMarketingISBN:9780357033791Author:Pride, William MPublisher:South Western Educational Publishing
Contemporary MarketingMarketingISBN:9780357033777Author:Louis E. Boone, David L. KurtzPublisher:Cengage Learning
Management, Loose-Leaf Version
Management
ISBN:9781305969308
Author:Richard L. Daft
Publisher:South-Western College Pub
Foundations of Business (MindTap Course List)
Marketing
ISBN:9781337386920
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning
Foundations of Business - Standalone book (MindTa...
Marketing
ISBN:9781285193946
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning
Marketing
Marketing
ISBN:9780357033791
Author:Pride, William M
Publisher:South Western Educational Publishing
Contemporary Marketing
Marketing
ISBN:9780357033777
Author:Louis E. Boone, David L. Kurtz
Publisher:Cengage Learning