Typical Examination Questions for Strategic Management
[Pages:33]Typical Revision and Examination Questions for Strategic Management
(Tackling the Exam)
Last 1st term lesson ? 27th Jan. 2005 Dr David Ward
1
What and How to Revise
Slides
+
Mock Examination
Summary of Slides
Remember the case studies: ?Ecosmartshop ?Marketing the Japanese way ?Business ethics ?Communication strategy ?Shackletonian leadership etc.
2
Recommended Revision
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3
Further Details for Revision 1st Term ?Lesson 1 to 12 are covered Ch. 1 to 7 pp.1-184 (Incl. the spectrum of competition) of the text book ?Prepare your examples of strategy 2nd Term ?Lessons 13-14 looks at trends: pp.381-397 ?Lessons 15-16 pp.25-36, pp.387-397 ?Lessons 17-18 pp. 215-238, pp.351-379 and pp.387-399 ?Lessons 19-20 pp.222-225, pp.284-287 and pp.399-400 ?Lessons 21-22 pp.329-349 ?Lessons 23-24 pp.271-304
Notes: The first term lessons are in-line with chapters 1-7 of the text book and then from the 2nd term onwards I have assembled my lessons based on several texts. The above page numbers and previous chapter numbers refer to the Saloner-Shepard-Podolny text.
4
Key things to Think About and Know
??SSttaannddaarrdd ddeeffiinniittiioonnss iinn SSMM ??PPLLCC aanndd HHooww//wwhhyy ccoommppaannyy ssttrraatteeggyy cchhaannggee ??SSttrraatteeggiicc tthhiinnkkiinngg aanndd ppllaannnniinngg ??TThhee eeffffeeccttss ooff gglloobbaalliissaattiioonn ??CChhaannggee aanndd TTyyppeess ooff ccoommppeettiittiioonn ??BBaassiicc SSMM mmooddeellss aanndd ttoooollss ??TThhee lliiffee ooff iinndduussttrriieess aanndd eeccoonnoommiieess ooff ssccaallee ??TThhee SSMM pprroocceessss ??CCoommppeettiittiivvee aaddvvaannttaaggee ??EExxaammpplleess ooff ttrreennddss,, mmeeggaattrreennddss eettcc..
5
Revision
Which chapters? At least the core (first 7) chapters Are there any chapters more important than others? No Is SM more difficult or easier than last year? The same Plan your revision/exam for how many hours? 3 What are my chances of passing? High especially if
essay/report were good What is the best method for revision? Your method!
How do I get the best exam result? Practise+Hard work
6
Example of Exam question marking
(weighting depends on course syllabus)
Score 0
Meaning Not relevant, wrong answer or
answer is missing
Example I ask the value-chain and in return the student
speaks about organisational designs
Glimpses of the correct answer such Such as only parts of the value-chain, types of
1-2 as terminology, graphs, figures etc.
culture etc.
Very partial answer and/or answer Value-chain sequence is missing or wrong
2-3
with incorrect definitions,
and/or definitions are wrong or very poor in
terminology etc.
content. Answer is scribbled.
Partial answer and/or answer with
Answer is clear in parts but overall weakly
4
incorrect definitions, terminology presented with no or inconsistent examples,
etc.
Correct and complete answer but The answer is fully answered but the content is
6
with sparse definitions and dodgy not rich enough to judge the knowledge of the
examples
student
8
Correct answer but with good and
Very good answer where student shows
plentiful definitions and examples
knowledge of topic.
Perfect answer, clearly laid out and
Very good answer where student shows
10
presented.
passion, knowledge of topic and is a pleasure
to read.
7
Mock Exams
Use the questions
Use the mock exam
provided in the lessons questions tackled in class
(and textbook)
or lessons
Pick a topic and invent a series of questions (see also textbook). Pick one question, then start by just structuring your answer and set a time limit of 10 mins.
Repeat above but this time select and answer 5questions. Set a maximum time limit of 60 minutes
Prepare a series of 5questions or mini-exam papers. Set a maximum time limit of 120 minutes.
Don't use all your exam fuel - exam anxiety is positive!
8
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