mod 3 mm

Question 1

The most obvious resources begins with the balance sheet and income statement. In times of worldwide and continuing financial crisis, it is simply prudent financial management to stay as liquid as possible.

Answer 1

Financial Resources

Question 1

Developing company strategy is a
five-step process:

Answer 1

1. Environmental Analysis
2. Resource Analysis
3. Value Analysis
4. Matching Process
5. Determining Corporate
   Distinctive Competence

Question 2

The most important of all nonfinancial resources is the company’s human resources, particularly its top management team.

Answer 2

Non-Financial Resources

Question 3

The success or failure of top management often hinges on how it defines its business, its competitive posture, its concept of itself -now and in the future.

Answer 3

Analyzing Values and Aspirations

Question 4

This is its competitive edge, it’s the force that lifts
the company from mediocrity to success.

Answer 4

Matching Environment, Resources
and Values

Question 5

Strategy Formulation:

Answer 5

1. Business Level Strategy
2. Corporate Level Strategy- What businesses to compete
   in?- How businesses can be
   managed to achieve synergy?
3. International Strategies
4. Internet

Question 6

Four Additional Types of Capital:

Answer 6

1. Ecological capital
2. Material capital
3. Human capital
4. Social capital

Question 7

Inputs To Forecasting:

Answer 7

1. Environmental scanning
2. Environmental monitoring
3. Competitive intelligence