FTP 122 Take Home Assignment #1 Deadline: 25.03.2015 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. Define competitive advantage. What are its four building blocks? Identify and briefly define the three major types of managerial skills. Identify the three levels of management and explain the basic responsibilities of each. What is organizational performance and what is its relationship with efficiency and effectiveness? Explain how culture influences the way managers perform their four main functions: planning, organizing, leading, and controlling. Define personality traits. What are the Big Five personality traits? Define the concept of emotional intelligence. How does having emotional intelligence help managers? What is organizational culture? What are the main factors of organizational culture that helps to transmit and maintain? Compare and contrast between individual and group decision making. What are the techniques that managers can use to promote creativity in group decision-making situations? Researchers have identified a six-step model that can be used by managers who are faced with an important decision. Discuss any two of these steps. Write a brief note on the different modes of international expansion. Michael Porter presented four ways in which the top management of an organization could select a business-level strategy for their organization. Discuss any two of these four ways of increasing the value of the organization's products and explain the advantages and disadvantages of the strategies that you choose. Discuss what is meant by a SWOT analysis. Explain briefly the steps involved in a SWOT analysis. Explain briefly the three levels and three steps in the planning and strategy-making process. Also mention how they are linked with each other. Give the four major reasons why planning is important.