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1. Define globalization and identify the role of strategic management in globalization.

2. Discuss the benchmarking process.

3. According to Hofstede, which cultural dimension describes the extent to which a society emphasizes the importance of hard work, education, and persistence as well as the importance of thrift?
Uncertainty avoidance - masculinity/femininity - Individualism/Collectivism - long term orientation - power distance

4. The balanced scorecard combines financial measures that tell the results of actions already taken with operational measures on customer satisfaction, internal processes, and the corporation's innovation and improvement activities. True / false

5. What is the most commonly used measure of corporate performance (in terms of profits)? Discuss the limitations of using this measure.

6. What is stakeholder analysis? List the three-step process.

7. What are Porter's four generic strategies?

8. Discuss the two basic growth strategies.

9. What is a SWOT analysis? How is it used in strategic planning?

10. How can firms increase the likelihood of forming a successful global alliance?

11. What are the benefits of strategic management?

12. Why is a strategic audit important and why should an organization perform one regularly?

Operation Management, Management Studies

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