Exam 6: Formulating Strategy

In a brief essay, discuss the major variables that firms need to consider when scanning the environment. What is the best source for environmental information? Why is it the best?

Which of the following is the most important task in environmental assessment and strategy formulation?

Panera Bread is a chain of cafes serving sandwiches, soups, and fresh baked artisan breads. The company began in 1981 with stores primarily located along the east coast of the U.S. Since then, the firm has expanded to over 1,300 locations throughout the U.S. and Canada. The firm has strong earnings and has been designated by Business Week as a "Hot Growth Company." Panera Bread executives are considering the idea of expanding globally by opening cafes in Asia through a franchising strategy. Which of the following, if true, supports the argument that Panera Bread should expand into Asia through franchising?

What is the most likely effect of costly regulations and restrictions enforced by a firm's home government?

Panasonic and Toyota are best categorized as ________ firms.