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1. Describe a problem the manager of a new restaurant might face and point to the actual and ideal conditions in relation to this problem.
2. The purpose of this assignment is to find three examples of business strategy by searching the Internet. Choose several companies of interest to you and search for online news articles about their strategies posted within the last sixty days. Examples would include strategies for increasing sales, introducing a new product, or combating the negative impact of a scandal or controversy. Compare the strategic plans called “Types of Business Strategies.” Attempt to match the company strategy to a type of strategy.
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3. How might emotional factors in decision making influence whether top-level management at one company decides to purchase a competitor?
4. Develop a scenario for a SWOT analysis for a group starting a chain of coffee shops, pet-care service centers, or treatment centers for online addictions. Or, conduct a SWOT analysis for reorganizing a company from one that is mostly hierarchical to one that is mostly team based. Keep in mind one of the biggest challenges in doing a SWOT analysis—differentiate between internal strengths and weaknesses and external opportunities and threats. Because most of your data are hypothetical, you will have to rely heavily on your imagination. Group leaders might share the results of the SWOT analysis with the rest of the class.
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