[SOLVED] Strategic Planning and Implementation
1. What are three criteria for determining whether a company has a winning strategy?2. Based on your experiences as a coffee consumer, does Starbuckss strategy (as described in Illustration Capsule 1.1 Starbucks Strategy in the Coffeehouse Market on p.6) see, to set it apart from rivals? Does the strategy seem to be keyed to a cost-based advantage, differentiating features, serving the unique needs of a niche, or some combination of these? What is there about Starbucks strategy that can lead to sustainable competitive advantage?3. Elements of Wal-Marts strategy have evolved in meaningful ways since the companys founding in 1962. Prepare a one-to two-page report that discusses how its strategy has evolved after reviewing all of the links at Wal-Mart About Us page, which van be found at http://corporate.walmart.com/our-story Your report should also asses how well Wal-Marts strategy passes the three tests of a winning strategy.4. Should a companys strategy be tightly connected to its quest for competitive advantage? Why or why not? What difference does it makes whether a company has sustainable competitive advantage or not?5. Good strategy + good strategy execution=good management. True or false? Justify and explain your answer. 6. What determines whether a companys strategy is ethical? Why should a company care where its strategy can pass the test of moral scrutiny so long as each of its strategic actions fall within the bounds of what is considered legal?7. Read Case 01-Mystic Monk Coffee on pages c2-c5. What recommendations would you make to Father Daniel Mary in terms of crafting and executing strategy for the monasterys coffee operations? Are changed need in its long-term direction? Its objectives? Its strategy? Its approach to strategy execution? Explain.