EXAM 2 STUDY GUIDE
• CHAPTER 7. MERGER AND ACQUISITION STRATEGIES
o The Popularity of Merger and Acquisition Strategies
▪ Mergers, Acquisitions, and Takeovers: What Are the Differences?
o Reasons for Acquisitions
o Problems in Achieving Acquisition Success
o Effective Acquisitions
o Restructuring
• CHAPTER 8. INTERNATIONAL STRATEGY
o Identifying International Opportunities
▪ Incentives to Use International Strategy
▪ Three Basic Benefits of International Strategy
o International Strategies
▪ International Business-Level Strategy
▪ International Corporate-Level Strategy
o Environmental Trends
▪ Liability of Foreignness
▪ Regionalization
o Choice of International Entry Mode
o Risks in an International Environment
o Strategic Competitiveness Outcomes
o The Challenge of International Strategies
• CHAPTER 9. COOPERATIVE STRATEGY
o Strategic Alliances as a Primary Type of Cooperative Strategy
▪ Types of Major Strategic Alliances
▪ Reasons Firms Develop Strategic Alliances
o Business-Level Cooperative Strategy
▪ Complementary Strategic Alliances
▪ Competition Response Strategy
▪ Uncertainty-Reducing Strategy
▪ Competition-Reducing Strategy
▪ Assessing Business-Level Cooperative Strategies
o Corporate-Level Cooperative Strategy
▪ Diversifying Strategic Alliance
▪ Synergistic Strategic Alliance
▪ Franchising
▪ Assessing Corporate-Level Cooperative Strategies
o International Cooperative Strategy
o Network Cooperative Strategy
▪ Alliance Network Types
o Competitive Risks with Cooperative Strategies
o Managing Cooperative Strategies
• CHAPTER 10. CORPORATE GOVERNANCE
o Separation of Ownership and Managerial Control
▪ Agency Relationships
▪ Product Diversification as an Example of an Agency Problem
▪ Agency Costs and Governance Mechanisms
o Ownership Concentration
o Board of Directors
o Market for Corporate Control
▪ Managerial Defense Tactics
o International Corporate Governance
o Governance Mechanisms and Ethical Behavior
• CHAPTER 12. STRATEGIC LEADERSHIP
o Strategic Leadership and Style
o The Role of Top-Level Managers
▪ Top Management Teams
o Managerial Succession
o Key Strategic Leadership Actions
▪ Determining Strategic Direction
▪ Effectively Managing the Firm’s Resource Portfolio
▪ Sustaining an Effective Organizational Culture
▪ Emphasizing Ethical Practices
▪ Establishing Balanced Organizational Controls
• CHAPTER 13. STRATEGIC ENTREPRENEURSHIP
o Entrepreneurship and Entrepreneurial Opportunities
o Innovation
o Entrepreneurs
o International Entrepreneurship
o Internal Innovation
▪ Incremental and Novel Innovation
▪ Autonomous Strategic Behavior
▪ Induced Strategic Behavior
o Implementing Internal Innovations
▪ Cross-Functional Product Development Teams
▪ Facilitating Integration and Innovation
▪ Creating Value from Internal Innovation
o Innovation through Cooperative Strategies
o Innovation through Acquisitions
o Creating Value through Strategic Entrepreneurship