STQM Midterm Review Q&A (100+ Concepts) | Franchising, Strategic Alliances, KPIs, PESTLE | Strategic Technology & Quality Management

This comprehensive midterm review provides 100+ clearly defined terms, strategic concepts, and model A+ answers for the Strategic Technology and Quality Management (STQM) course, focusing on Strategic Alliances and Franchising, as outlined for the 2025/2026 academic year. The material is organized in a Q&A format designed to support exam readiness by helping students recall, apply, and interconnect key strategic and operational principles. Franchising and Strategic Collaboration Topics Include: Core franchise roles: Franchisor, Franchisee, Franchisor Package, Franchisee Package Legal/financial terms: Initial Fee, Royalty, Continuing Fees, Master License, Direct License Operational aspects: Operational Guidelines, Inflexibility, Managerial Assistance, Mutual Dependence Strategic entry modes: Branch or Subsidiary, Management Contracts, Joint Ventures, Wholly Owned Subsidiaries Strategic Management Topics Include: Strategy development: Strategy Formulation, Implementation, Control/Monitoring Schools of strategy: Planning, Learning, Contingency, Configurational Execution metrics: KPI, Profit Margin, Revenue Growth, Client Retention, Customer Satisfaction Evaluation tools: PESTLE Analysis, feedback loops, control mechanisms Global and Cultural Dimensions Covered: Cultural Compatibility, Cultural Diversity, and Geographical Diversity in strategic expansion Risk Aversion, Exit Provisions, Complexity Approach, and the Butterfly Effect in business strategy Dynamic concepts such as Emergent Strategy, Strategic Windows, Nonlinear Feedback Loops Each term is concisely explained to provide fast recall for midterms or open-book exams, while maintaining the depth needed for analytical or case-based exam formats. Ideal for: Students in Business Administration, Management Science, Strategic Planning, or Technology Management Learners preparing for STQM midterm or final exams focused on business models and strategic tools Tutors, instructors, or exam writers seeking a comprehensive, terminologically accurate reference bank Professionals in franchise development, strategy consulting, or corporate planning Keywords: strategic alliance, franchising, franchisee, franchisor, initial fee, royalty, joint venture, market penetration, PESTLE, KPIs, business format franchising, operational guidelines, cultural compatibility, strategic implementation, brand recognition, mutual dependence, exit provisions, strategic management, configurational school, planning school, customer satisfaction, complexity theory, performance indicators, risk aversion, revenue growth, outsourcing, strategic windows