Exam 13: Conclusions: Relating Content, Context, and Process

Resource development of H&T firms should complement their competitive strategies so that there is alignment between the former and the latter.

The premise of the "contingency school" is that once formed effective strategies will always promote competitive advantage.

What results from the process of strategic management?

The configurational school claims there is ease in achieving a 'fit' between these contradictory tensions, and sustaining this coherence in dynamic and complex situations.

How can we define "distinctive competencies: for a H&T organization? Give examples.

According to which view/school of thought does strategic planning consists of four separate elements: (1) analysis, (2) strategy formulation, (3) strategy implementation and (4) control/ monitoring?

There is a hierarchical and integrative relationship among the schools of thought in the strategic management field and they are rarely found in their pure form

In the 1980s and 1990s scholars focused on firms' competencies to explain strategy, leading to the emergence of the resource-based view of the firm.

How does the resource based view explain developing a completive advantage?

How can H&T organization become learning organizations?

In strategic management the context refers to description, selection and justification of a certain strategy (or strategies).

Which of the following statements is NOT true?

Sustainable competitive advantage is the result of developing and combing several distinctive competencies that lead to superior financial performance.

H&T organizations do not need to constantly analyze the external and internal environments once they formulate and implement their strategies.

List 10 important things you have learned throughout this course

How far the industry characteristics influence development and implementation of business practices?

The Resource Based View (RBV) suggests that:

In the 1990's globalization led to strategic alliances as a means of addressing the challenges of operating in different cultures.

The four main elements of strategic management include all of the following EXCEPT.

How can we define "core capabilities" for a H&T organization? Give examples.