Question :

1. What are the responsibilities of the board of directors?  Please give an example of a board of directors that did not meet its responsibilities.

2. The impact of globalization and the Internet presents real challenges for corporate strategic planners across the world. What is the impact of globalization and the Internet on the corporate world? Describe the important role of strategic planning in today's competitive business world in light of these two forces?

3. What are corporate scenarios?  What three steps should be followed?

4. What is outsourcing?  What are the major outsourcing errors that should be avoided?

5. The textbook points out the importance of assessing the strategy-culture compatibility when implementing a new strategy. Do you feel that culture follows strategy, or does strategy follow culture? Justify your answer.

6. List the guidelines proposed for successful downsizing, and describe the importance of each one.