Exam 2 Study Guide
MGT 490 Managing the Enterprise
The purpose of this study guide is to help establish a domain of potential topics that might be on the exam. It is never intended to replace the chapters and understanding all of the concepts. This Study Guide will cover most, but not all, of the concepts that are on the exam. All of the questions are from the text and/or come from discussion in the classroom. The exam will be challenging; neither impossible nor easy. There will be a number of questions from each chapter and topic area covered in class. The exam will be a multiple choice format.
Chapter 5 / Chapter 6 / Chapter 7· Competitive Rivalry
· Competitive Dynamics
· Strategic Actions
· Tactical Actions
· Competitive Analysis
· Drivers of Competitive Behavior
· Likelihood of Attack Factors
· Likelihood of Response Factors
· Competitive Speed of Different Markets
· Any examples discussed
· Any in-class exercises / · Corporate-level Strategy
· Levels of Diversification
· Diversification and Firm Performance
· Corporate-level strategies as they correspond to levels of diversification
· Value-creating reasons why firms diversify
· Value-neutral reasons why firms diversify
· Value-reducing reasons why firms diversify
· Any examples discussed
· Any in-class exercises / · 3 mechanisms for implementing corporate-level strategies
· Mergers
· Takeovers
· Acquisitions
· Horizontal and Vertical Acquisitions
· Reasons firms pursue acquisitions
· Problems with acquisitions
· Ways to increase the likelihood of acquisition success
· Restructuring strategies
· Outcomes of restructuring
· Any examples discussed
· Any in-class exercises
Chapter 8
· International Strategy
· Liabilities of Foreignness
· Reasons firms pursue international strategies
· Types of international strategies
· Porter’s Determinants of National Advantage
· Corporate-level international strategies
· Modes of international entry and competition
· Major risks in international environments
· Any examples discussed
· Any in-class exercises