The follow
ing post has two assignments namely;
1.Walmart Case
1. Assess how Walmart is manag
ing ethics and social responsibility as one of the largest corporations
in the world. 2. Evaluate various ethical issues Walmart has faced and how the company
responded to stakeholders. 3. What are Walmart's contributions to improv
ing the well-be
ing of consumers and the economic susta
inability of society?
2.Business Strategy
1. Why is it important for a firm to study and understand the external environment?
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2. What are the differences between the general environment and the
industry environment? Why are these differences important?
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3. What is the external environmental analysis process (four parts)? What does the firm want to learn when us
ing this process
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4. What are the seven segments of the general environment? Expla
in the differences among them. Type your answer here
4. How do the five forces of competition
in an
industry affect its profit potential? Expla
in.
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6. What is a strategic group? Of what value is knowledge of the firm’s strategic group
in formulat
ing that firm’s strategy? Type your answer here
7. What is the importance of collect
ing and
interpret
ing data and
information about competitors? What practices should a firm use to gather competitor
intelligence and why?
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CHAPTER 3: ASSIGNMENT QUESTIONS - Answer any six (6) of the follow
ing n
ine (9) questions.
1. Why is it important for a firm to study and understand its
internal organization?
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2. What is value? Why is it critical for the firm to create value? How does it do so?
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3. What is the external environmental analysis process (four parts)? What does the firm want to learn when us
ing this process?
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4. What are capabilities? How do firms create capabilities?
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5. What four criteria must capabilities satisfy for them to become core competencies? Why is it important for firms to use these criteria to evaluate their capabilities’ value creat
ing
potential?
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6. What is value cha
in analysis? What does the firm ga
in by successfully us
ing this tool?
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7. What is outsourc
ing? Why do firms outsource? Will outsourc
ing’s importance grow
in the future? If so, why?
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8. How do firms identify
internal strengths and weaknesses? Why is it vital that managers have a clear understand
ing of their firm’s strengths and weaknesses?
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9. What are core rigidities? What does it mean to say that each core competence could become a core rigidity?
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