class.1. Why is the not-for-profit sector of the economy important?2. Briefly describe the four basic categories of innovations.3. Briefly distinguish between product R&D and process R&D.4. What is the difference between EVA and MVA?5. What is the balanced scorecard? Briefly describe the four areas addressed.6. What is the matrix of change? What types of questions does it answer?7. How can the life cycle of a corporation be extended?8. Briefly describe the four general methods of managing two different cultures.9. What does a financial strategy examine? 10. In a dynamic environment, using consensus to arrive at a strategic decision is not recommended. Why? Briefly describe two techniques can strategic managers use to avoid the consensus trap.11. Briefly describe the four generic strategies proposed by Porter.12. Briefly describe the types of alliances that business can engage in.13. Briefly describe the four categories of the BCG Growth Share Matrix.14. Briefly discuss the TOWS Matrix and what it is used for15. Briefly describe why the SFAS Matrix was developed, how the contents are derived, and what it means.16. Briefly describe the VRIO framework proposed by Barney.17. Define a value chain and the significance of the center of gravity.18. Common-size Statements: What are common-size statements and why are they useful?19. Briefly describe at least five of the eight current sociocultural trends in the U.S. that are transforming North America and the world.20. Briefly define multi-domestic industry and global industry, and discuss the two factors that tend to determine whether an industry will be primarily multi-domestic or primarily global.21. Contrast agency theory and stewardship theory.22. What are the criteria for selecting a good director?23. Briefly describe the three basic approaches to ethical behavior. 24. Explain the difference between the approach of Archie Carroll and the approach of Milton Friedman to the responsibilities of business.25. Briefly describe the four basic elements of strategic management.26. What is a triggering event? List some possible examples27. What is the primary purpose for doing a strategic audit?
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