29 Questions
What was the main focus in strategic management during the 1970s?
Industry analysis and competitive positioning
In the 1960s, what was the basis of corporate plans?
Medium-term economic forecasts
What was a dominant theme in strategic management in the 1990s?
Social and environmental responsibility
Which decade saw the emphasis on resources and capabilities in strategic management?
1980s
What characterized the strategic management landscape in the 2000s?
Exploiting information and communications technology
What can be considered a key concept introduced in the exploration of strategy today?
Strategic alliances
What are the four characteristics of successful strategies mentioned in the text?
Clear, consistent, long-term objectives; profound understanding of the environment; objective appraisal of resources; and effective implementation
How does the external environment influence a firm's strategic plans and planning processes according to the text?
It strongly influences the characteristics of a firm's strategic plans and planning processes due to its volatility and unpredictability
Which two companies were mentioned in the text as examples for discussing differences in strategic plans and planning processes based on their environments?
Coca-Cola Company and Google Inc
What was the instruction given in the text about using the template in Figure 1.5?
To structure your answer based on the template provided in Figure 1.5
What is essential for a successful career strategy in the next five years?
Aligning your strategy with your long-term goals
What concept has shareholder value maximization been associated with during the 21st century?
Short-termism and financial manipulation
According to Todd Stitzer, what did he believe distinguished Cadbury from other companies?
Distinctive style of principled capitalism
Why was Kraft's acquisition of Cadbury controversial?
Cadbury workers protested against it
What impact did Todd Stitzer believe Kraft's acquisition would have on Cadbury's culture?
Loss of a distinctive advantage
How did the 2008/9 financial crisis impact the perception of shareholder value maximization?
Linked it to risk management failures
What did Todd Stitzer argue was woven into Cadbury's fabric by its founders?
'Principled capitalism'
What is a key difference between company boards in Anglo-Saxon countries versus in continental European countries?
Anglo-Saxon boards are required to act in the interests of shareholders, while European boards must consider the interests of employees, the state, and the enterprise as a whole.
What was the impact of Anglo-Saxon shareholder capitalism being in the ascendancy during the 1990s?
Many continental European and Japanese companies changed their strategies.
Why did Cadbury plc no longer exist as an independent corporate entity after February 2010?
It became a subsidiary of Kraft.
Who initially founded the business that later became Cadbury plc?
John Cadbury
Which of the following brands were associated with Cadbury plc?
Flake and Crunchie
What type of products did John Cadbury start selling when he founded the business in 1824?
Tea, coffee, and drinking chocolate
What are 'players' in the context of stakeholder power?
Stakeholders with both an interest and significant power
What do 'subjects' represent in stakeholder power?
Stakeholders with an interest but little power
Who are 'context setters' in the stakeholder power concept?
Stakeholders with power but little direct interest
What group do 'crowd' represent within the stakeholder power theory?
Stakeholders with neither interest nor power
What is the purpose of using the stakeholder power/interest grid mentioned in the text?
To identify which stakeholder interests and power bases to consider
How do managers respond to stakeholders with high power and low interest according to Figure 1.7?
Monitor (minimal effort)
Explore the ongoing debate on corporate governance practices, focusing on whether companies should prioritize the interests of shareholders or consider other stakeholders. Learn about different approaches in countries like the US, Canada, the UK, Australia, and continental European countries.
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