Part 1
1. Describe what you believe to be the strategic differences between globalization, regionalization and localization.
2. Discuss two reactive responses and two proactive reasons why firms wish to become involved with globalization.
3. Describe an entry strategy used by your Strategic Audit firm to enter global markets.
4. Describe the benefits and pitfalls of making a strategic alliance with another global firm.
5. Identify and analyze an actual global joint venture that has occurred over the past few years.
6. Discuss the difference between equity and non-equity strategic alliances.
Part 2:
1. Explain Corporate Scenarios and then describe how they can have an effect on the formulation and implementation of a firm's strategy.
2. Describe the expanding roles outsourcing plays on creating an effective strategy. Discuss any outsourcing performed by your Strategic Audit firm.
3. Select a functional strategy and then discuss how this functional strategy can enhance a firm's bottom line.
4. Discuss how Programs, Budgets, and Procedures can be used to create a successful strategy.
5. Analyze the various Stages of Corporate Development. Describe which Organizational Life Cycle Stage your Strategic Audit firm is currently in.
6. Describe the importance of synergy to an effective strategy.
Part 3:
1. Discuss what leadership or staffing skills a Board of Directors should be looking for when hiring a senior management person to implement a major strategic plan.
2. Describe the benefits MBO and TQM can bring to a new strategic plan.
3. Evaluate the part corporate culture can play when contemplating implementing a new strategy in a firm. Describe briefly the corporate culture in your Strategic Audit firm.
4. Discuss the three types of controls that firms can use to evaluate a strategy. Explain examples of each of these controls.
5. Describe various measurements of corporate performance.
6. Describe a specific strategic incentive management method you would use for your Strategic Audit firm.