1) Outline the benefits to a firm and the reason for doing strategic planning. 2) Do you agree with the fact that strategic management should not be controlled by technicians, briefly explain the reason to the answer? 3) You are the strategy for PMQ company and you have been have asked to complete an external audit, please outline the actions you’ll take to complete this.
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1) Outline the benefits to a firm and the reason for doing strategic planning.
2) Do you agree with the fact that strategic management should not be controlled by technicians, briefly explain the reason to the answer?
3) You are the strategy for PMQ company and you have been have asked to complete an external audit, please outline the actions you’ll take to complete this.
NB: Please note to answer question 1-3
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- There are a number of techniques employed to conduct an analysis of strategic options fromwhich an organization can choose from to aid its attainment of long term objectives. As staff of a Holdings Company, co-opted into a business development committee, you have been tasked to do thefollowing;a. What is the Boston Consulting Group’s Growth-Share-Matrix (BCG-GSM)b. Present a well labelled graphical illustration of this model (Boston Box)c. Explain each of the four quadrants in this matrix with appropriate strategies that maywork out for each quadrant.2. The strategic management process cannot be formulated and implemented without effective strategic leadership. As a final year student, you have an opportunity to enter a management trainee programme at a leading banking institution in Jamaica that will potentially lead to a very rewarding career. As a prerequisite, the company asked you to critically analyse the five key roles of the strategic leader in the organization. In your analysis use examples related to the banking institution.(a). Distinguish between the 3 levels of Strategy and the three stages of Strategic Management. Explain the activities entailed at each of the 3 levels of strategy. 1 (b). Explain the relevance of each of the following terms and concepts to a non management professional.I) Synergy II) Scenario Planning III) Bench-MarkingIV) Value Chain Analysis
- Strategic managementIn order to prepare and formulate the strategy, a strategic analysis must be conducted for each of the external environment of the organization as well as the internal environment of the organization. Explain this with the application of this analysis to a Saudi company. In addition to clarifying the strategic methods used in analyzing the conditions and conditions of the industry1. Select a public company of interest. Using the company's 2018 annualreport, create three strategic financial objectives for 2019. For eachobjective, specify a strategic goal or target. The goals should beconsistent with the company's 2018 financial performance.2. Netflix’s strategy of moving to online video downloads has beenwidely discussed in a number of articles that can be found online.What are the basic objectives of Netflix’s strategy now? What aresome of the major assumptions underlying the strategy? Given whatyou know about discovery -driven planning, do these assumptionsseem reasonable? 3. Explain the role of automated decision systems in businessapplications? 4. How does knowledge management support decision making? Identifyproducts or systems on the Web that help organizations accomplishknowledge management.What internal and external key factors should BreadTalk Group consider when formulatingits strategy for BreadTalk?Hints: - Students can use SWOT to present BreadTalk Group’s internal strengths and weaknesses, as well as its external opportunities and threats- Students should complement the SWOT analysis with Porter’s 5-Forces to structurally analyze the industry landscape from an incumbent’s (i.e., BreadTalk’s) perspective
- 1. What is Strategy ? 2. Explain the 3 Stages in the Strategic Management Process and what they entail1. Discuss the corporate level strategy and its purpose in the strategic management? 2. When is a company likely to choose 1 related diversification and unrelated diversification? Discuss with reference to a major electronics company such as HP,APPLE,OR DELL? 3. How do firms create value when using a related diversification strategy? 4. What motivates might encourage managers to over diversify their firm9.A manager has a clear knowledge of where the company needs to be at the end of the coming year and is in the process of identifying the goals that would lead the company to that desired position. Which stage of the strategic management process is being illustrated? A.Formulation B.Implementation C.Evaluation D.Objectives
- When Amazon broadened its focus from being the world's biggest online bookstore to being the world's biggest online retail store, which element of strategic planning did this represent?3. Among the six elements of strategic thinking, which one do you think you strongly possess? Which one are you yet to develop? Explain your answer. 4. Why is it practical that both strategic analysis and intuitive thinking should be used? Explain your answer.1. Identify the major components of strategic planning, and explain how they are interrelated. 2. Explain how an organization can create a competitive advantage at the corporate strategy level and at the business-unit strategy level. 3. Whatare some issues to consider in analyzing a companyâs resources and opportunities? How do these issues affect marketing objectives and marketing strategy? 4. What is SWOT analysis and why is it important? 5. How can an organization make its competitive advantages sustainable over time? How difficult is it to create sustainable competitive advantages?