31754
31754
31754
Instructions to Students
Open Book, Take Home Exam
This exam is an open book exam. You may use any material to answer the test. Materials might be: your notes readings, reference materials or textbooks equipment like calculators, drafting tools etc.
Exam Time
Your answers must be submitted by email within 72 hours from the test date. Any test papers submitted after the 72 hour period will not be considered.
Hints
Read all the questions carefully Before you start the exam, read all the questions carefully and understand what it is you are being asked to do. Look for the Clue Words in the questions. Use the exam time wisely Answer the 'easy' questions first. Starting with the 'hard' questions (questions you are unsure of) slows you down and can leave you with insufficient time to address the others that you can do well in. Don't use too many quotations Don't copy/paste from the text or waste time quoting extensively. Use very few quotations if you have to. Your own analysis is more important..
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Strategic Management Instructor: Amir Wassef 27 February 2013 Be brief and to the point Answer the question, and be concise, accurate, and thoughtful In strategy, opinions are usually subjective. Justify your answers and explain why you made a particular choice. More is not always better. You will not be graded by quantity!
Cheating
This is not a group task. Any students presenting similar answers or consulting with each other for answers will eliminate BOTH tests from their results and will be graded with an F.
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Our Mission Statement sums up what the Alliance is all about: to contribute to the long-term profitability of its members beyond their individual capabilities. That continues to be our raison detre [reason to exist] as we progress through our 12th year.
Egyptair Vision Statement (from Egyptair Annual Report, 2006-2007) Deliver competitive customer service with true Egyptian spirit Egyptair Mission
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Strategic Management Instructor: Amir Wassef 27 February 2013 Create value for our customers, employees, owners and stakeholders
Using the definitions of Vision, Mission, and Objectives statements, answer the questions listed in Wheelen & Hunger Strategy Highlight 1.1 to evaluate each of the 3 statements above. Write your opinion about each statement separately. 1- Star Alliance Mission Statement Opinion:
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Technological
Political
Sociocultural
Legal
Variable
Technological
Political
Sociocultural
Legal
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Capital costs are the costs acquired on the purchase of land, buildings, construction and equipment to be used in the production of goods or the interpreting of services, in other words, the total cost needed to bring a project to a commercially operable status. High capital cost, we can consider it as one of entry barriers because how the investors go about securing funding for the project and how much of a return must be generated in order to make the profit .
Exit Barriers: In fragmented industries, (see Porter Definition), are exit barriers high or low? Explain
Threat of Substitutes: Is Coca-Cola a Substitute for Pepsi Cola? Why or Why not? Bargaining power of Buyers: If your industry is dominated by powerful buyers, explain how they can affect you:
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4.2- What does the IFAS matrix tell you about your firm?
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