Entrepreneurship: Strategic Management Final Exam Study Guide
SIAS International University: Fall 2012
Mr. Ashton Converse
Directions for Exam:
Take your time and read each question carefully. Reminder, please use only your thoughts
and not your classmates, refrain from looking at others’ exams, do not cheat, no using
notes, cellphones are not allowed, and answer all questions. Take a deep breath, choose
only one answer, and try your best.
What to Study
This exam is worth 40 points of your total final score…presentations and reports cover the
other 60 points of your total final score. Make sure to work on all of this.
 PowerPoint Slides
 Class Notes/Materials
 Homework
 www.entrepreneurshipsias.weebly.com
 Textbook and Chapter summaries
 Review Questions in Book
 Case Studies within each chapter
Exam Layout
 30 Multiple Choice, 1 point each
 5 Fill in the Blank, 1 point each
 5 True and False, 1 point each
Exam Topics
Chapter 6: Corporate Level Strategy
 Cost Leadership Strategy
 Differentiation Strategy
 Focus Strategy
 Integrated Cost Leadership Strategy
 Total Quality Management
 Corporate Level Strategy
 Diversification
 Why Diversify?
 Value Creating Diversification
 Market Power
 Economies of Scope
 Financial Economies
 Synergy
Chapter 7: Restructuring Strategies
 Acquisition
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Merger
Takeover
Horizontal, Related, Vertical
Parts of Your Business Plans
Cost of New Product Development
Advantages and Disadvantages of Acquisitions
Restructuring
Downsizing
Downscoping
Shareholder
Leveraged Buyouts
Chapter 8: International Strategies
 International Strategy
 Global Markets
 Acquisition
 Purchase of New Subsidiary Company
 International Entry Modes
 International Diversification
 Problems of International Companies
Chapter 9: Cooperative Strategy
 Why good to cooperate with others?
 Strategic Alliance
 Joint Venture
 Cooperative Strategies
 Assessing Strategies
 Risks
 Overcoming Risks and Reaching Goals
Chapter 10: Corporate Governance
 Agency Relationship
 Agency Costs
 Separation of Ownership
 Board of Directors
 Compensation of Board
 Effectiveness of Board
 Structure vs. Strategy
Chapter 11: Organizational Structure
 Organization Structure
 Strategic Controls
 Finance Controls
Chapter 12: Strategic Leadership
 Anticipate
 Strategic Leadership
 Strategic Leadership Processes
 Top Management
 Heterogeneous Management team
 Internal vs. External Hiring
 Effective Leadership Traits
 Direction
 Human Capital
 Social Capital
 Organizational Structure
 Entrepreneurial Mind-set