公司战略管理Chapter_5-课后思考答案.docxVIP

Chapter 5: Strategies in Action How does strategy formulation differ for a small versus large organization? For a for-profit versus a nonprofit organization? Strategy formulation is conceptually the same for both small and large organizations. However, for large firms, there are more variables to include in both the external and internal audits. The process is usually more formal in a large firm. Give recent examples of forward integration, backward integration, and horizontal integration?. Forward integration means purchasing or developing a distributor for a product. For instance, Nike now has its own retail stores in various locations. Backward integration means owning a supply source for production. For instance, recently garment producers in Sri Lanka began seeking to purchase textile mills in India. Horizontal integration means acquiring like operations. For instance, a hospital group may purchase another hospital. Do you think hostile takeovers are unethical?. Why or why not?. It can best be argued that hostile takeovers are ethical. Usually, only weak companies face hostile takeovers, and, typically, shareholders and customers of the company benefit from the new organization. Most employees and managers benefit, too, but some employees and top managers usually lose their jobs when the takeover is consummated. From this angle, some others may argue that hostile takeovers are unethical. Why is it not advisable to pursue too many strategies at once?. Organizational resources are spread too thin when more than a few strategies are pursued at the same time. All organizations have limited resources. No organization can pursue all the strategies that may benefit the firm. Similarly, no individual can take on an unlimited amount of debt to obtain goods and services. No more than a few strategies can be financed, marketed, and managed effectively at the same time. Some practitioners say only a single strategy should be pursued at a given time by a single organiza