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STR 581 Week 1 Individual Ethics Reflection Paper

Take the Ethics Awareness Inventory and Ethical Choices in the Workplace assessments to assess your values.

Write a paper of no more than 700 words in which you do the following:

  • Explain the role of ethics and social responsibility in developing a strategic plan, considering stakeholder needs.
  • Explain how your ethical perspective has evolved throughout the program.

Format your paper consistent with APA guidelines.

Click the Assignment Files tab to submit your assignment.

STR 581 Week 1 Practice Quiz

1 . Which level of strategy uses a portfolio approach?
Corporate
Business
Operational
Functional

2. Of the three levels of strategy that are part of an organizations decision-making hierarchy, which level develops annual objectives and short-term strategies in such areas as production, operations, and research and development, finance and accounting, marketing, and human relations?
Management
Business
Functional
Corporate

3. Which of the following strategic decision makers implement the overall strategy?
Functional managers
Corporate managers
Board of directors
Business managers

4. For the past 28 years, ABC, Inc. has made a significant investment of time, money, and other resources to increase the literacy rate in adult Americans. This represents which of these principles of successful collaborative social initiatives?
Leverage core capabilities.
Identify a long-term durable mission.
Weigh government influence.
Assemble and value the total package of benefits.

5. This statement of a company’s philosophy usually appears within the mission statement and specifies basic beliefs of a firm.
Company sponsor
Company commercial
Company slogan
Company creed

6. Which law revised and strengthened auditing and account standards?
Federal Fair Trade Act of 1986
National Environmental Policy Act of 1969
Sarbanes-Oxley Act of 2002
Truth in Lending Act of 1968

7. The idea that businesses have a duty to serve society as well as the financial interest of stockholders is called
corporate social responsibility
corporate audit
going green
corporate services

8. What do strategic managers call a flow of information through interrelated stages of analysis toward the achievement of an aim?
Continuous improvement
Process
Long-term objective
Strategic control

9. Judging the appropriateness of a particular action based on a goal to provide the greatest good for the greatest number of people is what ethics approach?
Moral rights approach
Social justice approach
Business ethics approach
Utilitarian approach

10. The behavioral consequences of strategic management are similar to those of
centralized decision making
participative decision making
autocratic decision making
authoritative decision making

11. The most critical quality of ethical decision making is
economics
expeditions
consistency
objectivity

12. The strategic decision makers in the firm are responsible for
rewards
the firm’s accounting practices
daily operations
the firm’s mission

13. Which of these is true about Sarbanes-Oxley Act of 2002?
The directors and executive officers are required to trade the company’s 401(k) plan, profit sharing plan and retirement plan during the blackout period
The CEO and CFO must verify every report containing the company’s financial statements.
Companies are required to extend personal loans to executives and directors.
The act requires that the audit committee must be composed entirely of inside officers.

14. According to stakeholder theory, in a survey of over 2000 directors from over 290 U.S. companies, which of these stakeholders was perceived to be least important?
Stockholders
Government
Society
Employees
In

15. This statement presents the firm’s strategic intent that focuses the energies and resources of the company on achieving a desirable future.
Values statement
Company statement
Mission statement
Vision statement

16. A major consequence of the Sarbanes-Oxley Act of 2002 has been the
reorganizing of the governance structure of American corporations
political fallout in congress
outsourcing of jobs in lower wage countries
super growth in accounting firms in the U.S.

17. Judging the appropriateness of a particular action based on equity, fairness, and impartiality in the distribution of rewards and costs among individuals and groups is what ethics approach used by managers?
Business ethics approach
Utilitarian approach
Moral rights approach
Social justice approach

18. A broadly framed but enduring statement of a firm’s intent is defined as the company
vision
slogan
mission
credo

STR 581 Week 2 Learning Team Innovation Strategy Paper

Learning Team Innovation Strategy Paper

Write a paper of no more than 1,050 words that describes and evaluates an organization’s innovation strategy.

Use publicly available information, including Securities and Exchanges Commission filings. Be sure to choose an organization that isintroducing new products or services.

Format your paper consistent with APA guidelines.

STR 581 Week 2 Individual Research Proposal

Individual Research Proposal

Write a proposal of no more than 750 words, outlining the research approach you will use for the Strategic Plan, due in Week Six. Include the following:

·  How you intend to validate the organizational vision, mission, and values statements

·  Sources you expect to use to perform an external environmental analysis

·  Sources you expect to use to perform an internal environmental analysis

STR 581 Week 2 Practice Quiz

1. This group is considered powerful if it is not obliged to contend with other products for sale to the industry.
Wholesalers
Buyers
Suppliers
Retailers

2. When managers consider the general availability of credit, the level of disposable income, and the propensity of people to spend, they are considering what factors?
Social factors
Political factors
Economic factors
Business factors

3. Which threat of entry creates a barrier by forcing entrants to spend heavily to overcome customer loyalty?
Powerful sellers
Product differentiation
Powerful buyers
Economies of scale

4. Because the quantity, quality, price, and accessibility of financial, human, and material resources are rarely ideal, assessment of suppliers and creditors is critical to an accurate evaluation of which of the firm’s external environments?
Business environment
Operating environment
Remote environment
Industry environment

5. This information is used to explain or predict some aspect of customer behavior with regard to a product or service. Information such as usage rate, benefits sought, and brand loyalty can provide significant aid in the design of more accurate and profitable strategies.
Psychographic information
Geographic information
Demographic information
Buyer behavior

6. The quasi-science of anticipating environmental and competitive changes and estimating their importance to an organizations operation refers to
SWOT analysis
environmental scanning
business analysis
technological forecasting

7. This is considered a collection of firms that offer similar products or services that customers perceive to be substitutable for one another..
Oligopoly
Industry
Environment
Monopoly

8. What Human Resource component within its operating environment is a major element of a firm’s ability to satisfy its personnel needs?
Employment rates
Reputation
Benefit packages
Labor union

9. This term refers to descriptive characteristics that can be used to differentiate groups of present or potential customers.
Psychographics
Buyer behaviors
Geographics
Demographics

10. A firm’s external environment is divided into various subcategories that include
remote, industry, and operating
political, social, and industry
industry, technology, and internal
remote, social, and operations

11. This environment in the strategic planning process comprises factors in the competitive situation that affect a firm’s success in acquiring needed resources or in profitably marketing its goods and services.
Remote environment
Business environment
Industry environment
Operating environment

12. Economies of scale in an industry refers to
improved contractual agreements with suppliers in the near term
declining average short run costs per unit
decreased barriers to entry to new firms attempting to enter the industry
savings that companies within the industry achieve due to increased volume

13. This factor considers or provides creative adaptations that can suggest possibilities for new products or for improvements in existing products or in manufacturing and marketing techniques.
Operations factor
Technological factor
Industry factor
Sales factor

14. A firm’s access to needed personnel is affected primarily by four factors that include
the firm’s size and location, local employment rates, labor unions to assist with labor needs, and trained potential employees
the firm’s reputation as an employer, local employment rates, the ready availability of people with the needed skills, and its relationship with labor unions
the firm’s reputation as an employer, national employment rates, community involvement, and overall employee satisfaction
the firm’s size and location, competitive hourly rates, availability of talented people, and its relationship with labor unions

15. Which of these is a determinant of entry, according to Porter?
Ability to backward integrate
Exit barriers
Economies of scale
Presence of substitute input

16. This term refers to the relationships among human beings and other living things and the air, soil, and water that supports them.
Going green
Society
Ecology
Eco-efficiency

17. This element of employment or labor represents the workers in their negotiations with employers through the process of collective bargaining.
Wage & Hours Association
Labor unions
Human Resources
Hiring agent

18. The environment that is typically subject to much influence by the firm is
operating
remote
industry
external

STR 581 Week 3 Individual External and Internal Environmental Analysis

Individual External and Internal Environmental Analysis

Complete the external environmental scan for your organization.

Perform an internal, competitive environmental scan for your organization.

Write a summary of no more than 1,400 words that does the following:

·  Identifies and analyzes the most important external environmental factor in the remote, industry, and external operating environments

·  Identifies and analyzes the most important internal strengths and weaknesses of your organization: Include an assessment of the organization’s resources.

·  Assesses the organization’s competitive position and possibilities

Format your paper consistent with APA guidelines.

STR 581 Week 3 Learning Team Peer Evaluation

Share drafts of the External and Internal Environmental Analysis assignment with all team members.

Provide feedback to be incorporated into each member’s paper.

Write a synopsis of no more than 350 words summarizing the team’s discussion.

Click the Assignment Files tab to submit your assignment.

STR 581 Week 3 Practice Quiz

1. This structure is one in which a set of relatively autonomous units are governed by a central corporate office but where each operation has its own functional specialists who provide products or services that are different from those of other operations.
Product-team structure
Divisional organizational structure
Functional organizational structure
Matrix organizational structure

2. This type of organizational structure combines the advantages of functional specialization with the advantages of product-project specialization.
Specialization business
Matrix structure
Divisional organization
Product-team structure

3. Today, global means
using resources from other markets
locating operations in numerous countries
selling goods in overseas markets
getting resources and talent from around the globe and selling worldwide

4. Once a hypothesis about competitive advantage has been developed by a firm through three circles analysis, it should be tested by
asking a panel of experts
conducting a value chain analysis
asking the Board of Directors
asking customers

5. Companies committed to this process attempt to isolate and identify where their costs or outcomes are out of line with what they identify as the best practices of competitors or other companies or organizations that undertake similar tasks.
Benchmarking
Vertical integration
Disaggregating
Imitating

6. The structure of a simple organization
slightly increases the owner’s(s’) control
minimizes the owner’s(s’) control
maximizes the owner’s(s’) control
limits the owner’s(s’) control

7. One of the limitations of the SWOT analysis is that it can be
complex
simple
dynamic
static

8. This is an organization structure most notable for its lack of structure wherein knowledge and getting it to the right place quickly is the key reason for the organization.
Modular organization
Learning organization
Joint venture
Ambidextrous organization

9. The first step of this type of analysis involves a firm determining what their customers value and why they value it.
SWOT analysis
Three circles analysis
Value chain analysis
Resource-based view

10. One of the limitations of SWOT analysis is that it can do this to a single strength or element of strategy.
Rationalize
Overemphasize
Underemphasize
Misrepresent

11. Value chain analysis takes a
corporate point of view
horizontal point of view
functional point of view
process point of view

12. This type of organization or structure is one that identifies a set of business capabilities central to high-profitability operations and then builds a virtual organization around those capabilities.
Agile organization
Virtual structure
Ambidextrous organization
Modular organization

13. Twenty-first-century corporations reflect
interdependency
structured interaction
internal focus
the top-down approach

14. This is an internal analysis technique wherein strategists examine customers’ needs, company offerings, and competitors’ offerings to more clearly articulate what their company’s competitive advantage is and how it differs from those of competitors.
SWOT analysis
Value chain analysis
Three circles analysis
Resource-based view

15. In VCA, which method of cost accounting is preferred?
Financial cost accounting
Traditional cost accounting
Value-based cost accounting
Activity-based cost accounting

16. This is a method of comparing the way a company performs a specific activity with a competitor, potential competitor, or company doing the same thing.
Value chain analysis
Vertical integration
Benchmarking
Imitating

17. Which of the following is an example of a primary activity in the typical firm?
General administration
Human resources management
Logistics
Research, technology and systems development

18. These are arrangements between two or more companies in which they both contribute capabilities, resources, or expertise to a joint undertaking, usually with an identity of its own, with each firm giving up overall control in return for the potential to participate in and benefit from the relationship.
Outsourcing agreements
Joint ventures
Strategic alliances
Contractual diversification

STR 581 Week 4 Individual Strategic Choice and Evaluation Paper

Write a paper of no more than 1,400 words that evaluates alternatives an organization must consider to realize growth.

Identify the best value discipline, generic strategy, and grand strategy for your organization.

Recommend a strategy or combination of strategies the organization should implement.

Format your paper consistent with APA guidelines.

Click the Assignment Files tab to submit your assignment.

STR 581 Week 4 Learning Team Peer Evaluation

Share drafts of the Strategic Choice and Evaluation paper assignment with all team members.

Provide feedback to be incorporated into each member’s paper.

Click the Assignment Files tab to submit your assignment.

STR 581 Week 4 Practice Quiz

1. Which of the following represents an operating opportunity to build value or sharing?
Shared management know-how
Shared inbound or outbound shipping and materials handling
Shared brand name
Shared after-sales service

2. Firms that follow this type of generic strategy can sometimes have difficulties succeeding without compromising the key attributes of a company’s products or services.
Focus
Cost leadership
Concentrated growth
Differentiation

3. Which matrix involves a framework that can help ensure that businesses’ strategies are consistent with strategies appropriate to their strategic environment?
Strategic environments matrix
Industry attractiveness–business strength matrix
Strategic choice matrix
Growth-share matrix

4. Which of the following companies is a good example of a low-cost leader?
Porsche
Chivas Regal
Wal-Mart
Brooks Brothers

5. If a textile producer acquires a shirt manufacturer, this is called
backward horizontal acquisition
forward vertical acquisition
backward vertical acquisition
vertical horizontal acquisition

6. What is it called when current products are marketed, often with only cosmetic changes, to customers in related market areas?
Product development
Concentrated growth
Market development
Diversification

7. The acquisition of one or more businesses operating at the same stage of the production-marketing chain is an example of
product development
market development
innovation
horizontal acquisition

8. For the ABC Company, the Alpha business is in a dominant market share position in a mature market. As per the BCG matrix, Alpha is a
question mark
star
cash cow
dog

9. Companies that pursue this value discipline strive to produce a continuous stream of state-of-the-art products and services.
Innovation
Operational excellence
Customer intimacy
Product leadership

10. Firms that enjoy higher profit margins are using which of Michael Porter’s generic strategies?
Concentrated growth
Cost leadership
Focus
Differentiation

11. Which of the following is a generic strategy developed by Michael Porter?
Innovation
Differentiation
Market development
Liquidation

12. Which of the following is a value discipline?
Cost leadership
Innovation
Concentrated growth
Operational excellence

13. The core competency must represent a major source of value to be a basis for competitive advantage. Furthermore, the core competency
must be financial
must be diversified
must be transferable
must be negotiable

14. The grand strategy in which the firm directs its resources to the profitable growth of a single product, in a single market and with a single technology is termed
market development
product development
concentrated growth
vertical integration

15. Which of the grand strategies is typically lowest in risk?
Concentrated growth
Horizontal integration
Market development
Divestiture

16. The most compelling reason companies should diversify can be found in situations when
cash resources can be leveraged
core competencies can be leveraged with other products or into other markets
core competencies are not similar
management is similar in various businesses

17. Which matrix makes fine distinctions among business portfolio positions with the inclusion of high/medium/low axes?
Strategic environments matrix
Industry strength matrix
Industry attractiveness–business strength matrix
Growth-share matrix

STR 581 Week 5 Individual Implementation, Strategic Controls, and Contingency Plans

Individual Implementation, Strategic Controls, and Contingency Plans

Write a draft of no more than 1,800 words of the strategic plan for your organization, including the following:

·  Implementation plan

o  Objectives

o  Functional tactics

o  Action items

o  Milestones and a deadline

o  Tasks and task ownership

o  Resource allocation

·  Any required organizational change management strategies that would enhance successful implementation

·  Key success factors, budget, and forecasted financials, including a break-even chart

·  Risk management plan, including contingency plans for identified risks

Format your plan consistent with APA guidelines.

STR 581 Week 5 Learning Team Peer Evaluation

Share drafts of the Implementation, Strategic Controls, and Contingency Plans assignment with all team members.

Provide feedback to be incorporated into each member’s paper.

Click the Assignment Files tab to submit your assignment.

STR 581 Week 5 Practice Quiz

1. Strategic surveillance must be kept
as unfocused as possible.
as focused as possible.
as fast as possible.
internal.

2. These are also referred to as crowdsourcing or open innovation.
Disruptors
Sustainers
Ideagoras
Golddiggers

3. In which type of strategy do functional tactics translate into action designed to accomplish specific short-term objectives?
Corporate strategy
Operational strategy
Grand strategy
Tactical strategy

4. CCC21 stands for
construction of cost competitiveness for the 21st century.
continuous cost competitiveness in the 21st century.
cost chain competition for the 21st century.
competitive cost competency in the 21st century.

5. Organizational culture includes important assumptions shared by members of the organization. These assumptions are often
very obvious to outsiders
very similar to all other organizations in that industry
unstated
formalized

6. The DMAIC (define, measure, analyze, improve, and control) process is relevant to
strategic matrix analysis
Six Sigma
CCC21
balanced scorecard

7. This, called kaizen in Japanese, is the process of relentlessly trying to find ways to improve and enhance a company’s products and processes from design through assembly, sales, and service.
Continuous improvement
Six Sigma
CCC21
Incremental innovation

8. While these may under perform established products in mainstream markets, they often offer features or capabilities appreciated by some fringe customer group.
Acquired innovations
Lagging innovations
Throughput technologies
Disruptive innovations

9. A leader’s vision should be
simple
long
complex
varied

10. This is concerned with tracking a strategy as it is being implemented, detecting problems or changes in its underlying premises, and making necessary adjustments.
Strategy evaluation
Strategic control
Strategic implementation
Strategic decision-making

11. These create differences across national boundaries that influence how people interact, read personal cues, and otherwise interrelate socially.
Educations
Values
Social norms
Religions

12. Key, routine activities that must be undertaken in each department of the organization are
resource tactics
functional tactics
corporate tactics
business tactics

13. The effort to familiarize future leaders with the skills important to the company and to develop exceptional leaders among the managers you employ is
creating passion
identifying an action plan
education and leadership development
developing principles

14. Short-term objectives assist strategy implementation by identifying measurable outcomes of action plans or functional activities, which can make feedback, ion, and evaluation
more difficult
more geared toward growth
more expensive
more relevant and acceptable

15. This idea factor involves following demographic and other broad trends and trying to develop ideas that may be relevant and useful.
Mental invention
Trend following
Solution spotting
Market research

16. Power Fund is a long-standing brokerage firm with a great history of high returns and well-managed growth. The managers at Power Fund repeatedly refer to terms like quality, growth, and reliability in the firm’s advertisements. This demonstrates managers’
building time into the organization.
emphasis on key themes or dominant values.
managing the firm globally.
dissemination of stories and legends about core values.

17. Discussion about and agreement on short-term objectives help raise issues and potential conflicts within an organization that usually
focus on public relations
require organizational coordination
need little coordination
require additional personnel

18. Short-term objectives are usually
quantitative
qualitative
completed within 2 months
set to be completed within 5 years

STR 581 Week 6 Individual Strategic Plan and Presentation

Individual Strategic Plan and Presentation

Resource: Implementation, Strategic Controls, and Contingency Plans assignment with facilitator feedback

Complete a 2,800- to 3,500-word strategic plan for your organization.

Update your plan to incorporate facilitator feedback from the draft versions submitted in previous weeks. Include the following:

·  Table of contents

·  Executive summary, with a 2-page maximum

·  Company background, organizational mission, vision, and value statements

·  Note. For a start-up, this should focus on the backgrounds and accomplishments of key anticipated management personnel. The goal is to convince the investor that these individuals are trustworthy and successful.

·  Environmental scan

·  Review of Week Four strategies and a recommendation for the best strategy for your organization

·  Implementation plan: Include objectives, functional tactics, action items, milestones, tasks, resource allocation, and a deadline. In addition, analyze key success factors. Include a budget and forecasted financials, including a break-even chart.

·  Risk management plan, including contingency plans for identified risks

Prepare a 6- to 10-slide Microsoft® PowerPoint® presentation with speaker notes. Your audience will play the board of directors or a venture capital firm. The focus is to sell your recommendations to the board or venture capital firm, and obtain approval for funding your plan.

Format your plan and presentation consistent with APA guidelines.

STR 581 Week 6 Team Strategic Plan Paper

Resources: Strategic Plan and Presentation assignment from each team member

Review all team members’ Week 6 assignments.

Discuss each project’s strengths and weaknesses.

Write an analysis of at least 750 words including the following:

  • Comparative analysis of the top 2 strategic plans
  • Selection of one of the strategic plans
  • Justification for the team’s selection

Click the Assignment Files tab to submit your assignment.