What are strategic objectives? What is the purpose of strategic objectives? What makes a strategic objective effective?

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What are strategic objectives? What is the purpose of strategic objectives? What makes a strategic objective effective? What are examples of strategic objectives for your organization or one with which you are familiar? Three Generic Strategies Briefly describe the three generic strategies – overall cost leadership, differentiation, and focus. Which strategy is the best fit for your new division? Shareholder Value Discuss some of the actions that managers may engage in to erode shareholder value. As the manager of your new division, how will you prevent these occurrences? Value Creation and Diversification Discuss how managers can create value for their firm through diversification efforts. International Market Expansion What are some of the advantages and disadvantages associated with a firm’s expansion into international markets? Expansion Strategies There are four basic strategies – international, global, multidomestic, and transnational. What are the advantages and disadvantages associated with each?

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