Questions for Class on October 7, 2020

Mission and Vision by Bruno Dyck and colleagues (Class Readings File at UM Learn)

1. Discuss how the FBL, TBL, and SET approaches view the strategic orientation and the
process to developing the mission and vision statements of organizations. Be sure to provide
examples to illustrate your points.
a. FBL, TBL and Set organization differ in the emphasis, strategic orientation, and
nature of process of the mission and vision statements.
i. FBL approach emphasizes maximizing competitive advantage, which
follows the assumption that success depends on out performing other
firms
ii. TBL approach have a competitive strategic orientation but they also
recognize that certain instances may call for a collaborative strategic
orientation.
iii. Set approach focuses on a collaborative strategic orien

Bed Bath & Beyond (BBB) Case (Case Package from Ivey Publishing)

2. Write an opportunity or threat along with providing its evidence and two key success factors
as part of External Assessment of the BBB Case as expected within the Guidelines for
Analyzing and Writing Cases.

3. Take a resource or capability of the BBB Case and examine it using various steps of VRIO
analysis as expected within the Guidelines for Analyzing and Writing Cases.

4. Assess the financial performance of BBB. How much capital will it need to implement the
strategy your team assumed in your Hand-in Assignment? How would you raise the needed
capital (debt and/or equity) and why?

5. Based on your external, internal, and financial assessment, what should BBB do next?

Chapter 1 (Hill, Schilling, and Jones, 2017).

6. Generally, there are three levels of strategy (strategic management) in organizations. Explain
each of the levels of strategy and strategic managers in an organization.

7. How should a company define its business? Explain.

8. Explain the relationships of planned, deliberate, emergent, realized, and unrealized strategies.

9. Explain each of the three techniques for improving decision making in organizations.
10. Explain the following concepts: (a) Scenario planning; (b) Cognitive biases; (c)
Emotional intelligence.