Discussion Board- Reflecting on Bias

1. Outline the difference between a business idea and a business opportunity? Why is this distinction important? 2. Define business concept statement, in your own words. Outline its main elements. 1. Identify three (3) features of the Five Competitive Forces Model and discuss how they operate to affect the profitability of firms in an industry. 2. Describe a business start-up you are contemplating and explain why you have made this choice. 3. Identify and discuss the four (4) major components of a business feasibility analysis. 4. a) What is the purpose of conducting a business feasibility analysis? b) When is the best time to conduct a feasibility analysis? c) Justify your response.

1. Outline the difference between a business idea and a business opportunity? Why is this distinction important? 2. Define business concept statement, in your own words. Outline its main elements.

The business type that was given to Lee, was a bakery. She would sell items at her bakery in her area. Need help to answer parts 4 through 6.

2. Pick the Marketing Management Philosophies from the list below. Select one: a. Product Orientation, Sales Orientation and Promotion Orientation b. Product Orientation, Sales Orientation, Market Orientation, Societal Orientation c. Product Orientation, Place Orientation, Price Orientation, Promotion Orientation d. Product Orientation, Sales Orientation, Market Orientation3.Which of the following best defines Customer Relationship Management (CRM). Select one: a. A collaboration of managers working together to reach a common goal of maximizing employee satisfaction. b. A company-wide business strategy designed to optimize profitability, revenue and customer satisfaction by focusing on highly defined and precise customer groups. c. Managing members of an organization coming together to design a marketing plan. d. None of these

UCTIONS: Create a fictitious organization related to the tourism and hospitality industries such as travel agency,This organization should have a NAME and a set of VISION, MISSION, and VALUES. Assume that each 6 members of your group takes a top management position in your organization. As the organization's top management, the group is tasked to come up with strategic goals and objectives. Make sure to align the goals and objectives to your VISION, MISSION, and VALUES. Use the SMART Goals Framework in coming up with your goals and objectives. SPECIFIC, MEASURABLE, ATTAINABLE, RELIABLE AND TIME BOUND. DEFINED EACH SMART OBJECTIVES TO THE GOALS OF THE TRAVEL AGENCY.

Please answer these questions base on the case provided you are however the operational manager for the Marketing department, you are to respond base on your department  1. Introduce yourself as the operational manager at the marketing department  Also explain 7 functions of your job as they relate to the business.  For example:  Operational Manager, investigating Information Technology issues affecting processing of premiums. 2 (3) of your job  functions include but are not limited to …  3 From the perspective of the operational manager of the Marketing department, discuss the problem of errors in the allocation of deductions to policy premiums.  a.    Suggest ONE advantage of having an insurance policy and ONE contributing factor to errors in allocation of deductions  b.    Identify information from TWO other departments that could assist in your investigation.  Please specify the type of report you think will be helpful and why.

Reaction to discussion below.  Do you agree or disagree? Any additional thoughts? It is important to understand that for a business to succeed, being motivated and hardworking does not guarantee a good positive outcome for the company.  There are other key factors that have to be in place in order to put the company on a path for success.  These factors include effective planning and decision-making with a systematic approach that considers the available information, the goals and objectives of the organization, and the potential outcomes of different decisions.    One of the companies I admire the most today is Apple. I because of how it started and all the changes they had to go through to become the company they are today. Apple is well-known for its innovations in hardware, software, and services. Thanks to them, it grew from some 8,000 employees and $7 billion in revenue in 1997, the year Steve Jobs returned, to 137,000 employees and $260 billion in revenue in 2019. Much less well…

Recommended and explain 6 New strategies (formulated that are not already existing in their business strategies) that NETFLIX Should Implement in their business that can propel the company's business forward.

1. Identity five elements that are important in assessing and comparing the attractiveness of alternative business opportunities in terms of their market potential.2. identify three elements that are important in assessing and comparing the attractiveness of 'alternative business opportunities in terms of their financial viability.

please advise the management team of PepsiCo on the three most valuable sources and technologies that may assist managers in staying up to date and informed.please include in your discussion the following: • The type of information provided by the source or technology in terms ofcontent, relevance, and time period.• The impact on organizational decision-making. • A relevant example to support your discussion.

b) Using the following Michael Porter's Generic Strategies Model: Advantage Target/Market Scope Product/Service Low Cost Uniqueness Broad Cost Leadership Differentiation (Industry Wide) Strategy Strategy Focus Strategy Focus Strategy (differentiation) Narrow (Market Segment) (low cost) You are required to propose an OVERALL CORPORATE STRATEGY for this organization and to justify your proposal

Final Business Model and Strategic PlanWrite a 700- to 1,050-word section for your business model and strategic plan in which you add your strategies and tactics to implement and realize your objectives, measures, and targets.Include marketing and information technology strategies and tactics.Develop at least three methods to monitor and control your proposed strategic plan, being sure to analyze how the measures will advance organizational goals financially and operationally.Explain the ethical issues faced by the organization, summarize the legal and regulatory issues faced by the organization, and then summarize the organization's corporate social responsibility.Develop a 350-word page executive summary defining the new division of existing business. Share your Vision, Mission, final business model, value proposition and list your key assumptions, risks, and change management issues. Quantify the growth and profit opportunity and planned impact on various stakeholders.Note:…

Indicate whether or not the organization where you are employed engages in strategic management and planning.   If Yes, how has this benefitted the organization?  If No, give your perceptions regarding the limitations and why the organization does not engage in strategic management and planning.     Q2. Discuss briefly why ethical decision-making is essential in an organization, and the possible effects that ethical violations/unethical behaviours can have on the organization and its stakeholders.

how to respond to this in 100 words? A stability strategy is a corporate strategy that focuses on maintaining the current business operations and staying consistent with existing products, markets, and business processes (Parnell, 2017). This strategy aims to avoid major changes and risks, and instead, focuses on optimizing efficiency and profitability within the current business model (Wang et al., 2020). There are many reasons why an organization may choose to adopt a stability strategy, as this strategy is usually adopted when a company operates in a stable industry with limited growth opportunities and has achieved a dominant market position (Parnell, 2017). Oftentimes, stability strategies are employed during times of uncertainty or economic downturn, making core business and resource conservation a priority (Wang et al., 2020). Although stability strategies appear to be less dynamic and aggressive in comparison to growth or innovation-focused strategies, stability strategies can,…

Using what you learned about TripAdvisor TripAdvisor Business Model Canvas (innovationtactics.com) TripAdvisor Business Model Canvas (innovationtactics.com) Share with us what you feel is one of the most interesting, compelling pieces of this business? Identify which of the 9 key components this information falls within (for example it could be: how TripAdvisor actually makes money being a "reviews" page or these are Tripadvisor's key competitors and this is one that actually surprised me...).  Have you ever used TripAdvisor or posted on TripAdvisor? What was your experience?  Pick an international dream vacation spot. Lookup a hotel that has a 4.8 out of 5.0 rating or higher in that destination. Examine a few reviews. Share with us your destination spot and a link to the hotel. Would the reviews of this property make you decide to book there? Why could user-generated content/feedback be seen as a revenue stream?

Designing a successful marketing strategy plan is a complex process where bad decisions can lead to failure and huge losses. As a result, when creating a marketing strategy plan, discuss who will be the team's key players and decision-makers.

1. How would the board's increased involvement in the selection of strategies affect a firm's strategic competitiveness? 2. What evidence would you offer to support their position?

Choose a Topic: Choose a business strategy principal, model, or concept that you feel is especially relevant to you. Topics you might explore more include the following: Porter’s Five Forces Analysis Blue Ocean Strategy Customer Satisfaction Game Theory Corporate Governance Mission and Vision Statements Balanced Scorecard Account-Based Marketing Time Management Communication Skills Project Management Decision Making Problem-Solving Culture Building Trust. Research: Use the internet to find online blogs, courses, videos, podcasts, and articles that teach you more about the topic. Focus especially on how the topic is applied in the business world. These are some starting places for research: Find articles, blogs, videos, and white pages online. These are some websites that emphasize business topics:                 strategy-business.com fastcompany.com bloomberg.com businessinsider.com cnbc.com forbes.com marketwatch.com wsj.com Identify Opinion Leaders: As you research, identify…

You have been presented with four business tools for analyzing businesses: SWOT analysis, Five Forces Model, Three Generic Strategies, and Value Chain Analysis. Continuing to assist CIO Bob Stetzel, you need to recommend to him which tool or tools would be appropriate for Bob to use in analyzing VTB.  What is your recommendation and discuss why you are recommending the tool or tools you have selected?

Put yourself in the shoes of the VP for Marketing and develop a marketing plan for Nitro snowboarding Overview: Nitro has been designing, building and distributing snowboards for almost 30 years. Recently through extensive R&D, our engineers have designed a new board that will revolutionize backcountry boarding for years to come. As the VP, you need to analyze and understand how to best market the company’s new innovation and craft a Marketing Plan. As you craft your plan, consider the iconic status of existing snowboards, and the lack of any recent radical innovations in the category, which pose major challenges in securing consumer adoption. If the company continues along the same distribution channels as their other board lines, Nitro potentially lacks the market penetration and sales that is forecasted for this new innovation. You will need to consider a cohesive and innovative plan for all 4 P’s of this product launch. Based on this information, create a go-to-market strategy…

What is a business model, and its importance? Highlight the difference between standard and disruptive business models. Examples of the standard and disruptive business models must be included. You may choose to focus either on the Barringer/Ireland Business model template or the Business model Canvas (popularized by Alexander Osterwalder).

To make a “bulletproof” business plan, some mistakes must be avoided, and the following must be done:❖ Think through the business idea. You might have a great idea, but have you carefully mapped out all the steps you'll need to take to make the business a reality.❖ Do your research. Investigate everything you can about your proposed business before you start writing your business plan--and long before you start the business.❖ Research your potential customers and competitors. Is your product or service something people really want or need, or is it just "cool"? Study your market. Is it growing or shrinking? Could some sort of disruptive technology or regulatory change alter the market in fundamental ways? Why do you think people will buy your product or service? If you don't have any customers or clients yet, you'll need to convince investors that you have something people really want or need, and more important, that they'll buy it at the price you expect.❖ Get feedback. Obtain as…

2. Imagine you are the CEO of an organization. Your work is expanding and you need to hire people who are experienced and skillful in their fields such as marketing. a. Explain what type of problem exist in above given situation? and what type of decision could be taken? b. Elaborate the decision-making process through which you will be able to hire best marketing employees?

Give a reflection on this statement: "The success of marketing effort is the product of coordination and collaboration of marketing officials working as a team."

Explain the important benefits of Strategic Marketing Management. (Make 5 sentences only for every benefit) BENEFITS: a) A more thorough understanding of the market b) Helps in determining the strategic direction c) Has the potential for a large payoff?

Replace this text with your response to the following in 750–1,050 words (10–14 paragraphs): For this prompt, consider your personal and professional goals, including (but not limited to) such topics as self-enrichment (health, relationships, etc.), family life, social awareness/social change, finances, personal achievements, professional/career goals, leadership, etc. After considering these topics, address the following: Identify three to five things that you want to work on related to your personal and professional success. Describe the steps you will take to address each of these ideas. Explain how you will accomplish these steps (i.e., what is your plan?). Identify who can help or support you with these steps. Determine by when you will accomplish these steps (i.e., when is each due?). Based on your responses in items a–e, compose one SMART goal for each of the things you identified that you want to work on related to your personal and professional success.

Evaluate and discuss the required levels Businesses/Organizations traverse in order to achieve analytics maturity, which are the following. Level 1: Basic- siloed, ad-hoc, conflict Level 2: Oppurtunistic- departments pursue independently, culture creates barriers, lacking leadership. Level 3: Systematic- centralized shared analytics resources, analytics standards and supporting technology, structured repeatable processes Level 4: Differentiating- constistently leveraging data, clear leadership and champions, frequent data driven decisions Level 5: Transformational- Data built into processes, all decisions are data driven   Utilizing additional research, as a Digital Marketing Strategist for Google, explain how you will demonstrate to the Chief Executive Officer (CEO) the significant role you will play in the development of Analytics Maturity for your firm.  Please be mindful to include relevant Digital Marketing Analytics concepts learned in the Chapter in addressing your claims.