A strategy can be defined as a set of related actions that managers take to increase their company's performance. Select one: O True O False
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- Using examples, describe the following core terms of Strategic Management? Dynamic capabilities VRIN/O Framework Strategic Lock in Competitive Advantage Levels of StrategyWhich of the following is the last stage of the strategic management process?Please choose one:a.Strategy implementationb.Determining the strategiesc.Strategy valuationD.Establishing the business missionto.Establishing the business visionRespond to this in 100 words ? Corporate-level strategy is the overall approach or plan that a company takes to achieve its goals and objectives at the highest level. The decisions made at the corporate level affect the entire organization and its various business units and divisions. It is essential to consider that there is no one-size-fits-all approach that can be universally deemed "better" as a strategy. The effectiveness of a strategy heavily depends on various factors, such as the market conditions, the organization's resources and capabilities, and the preferences and demands of the target customer segment. The differentiation strategy, for example, aims to create a unique offering in the market, that provides superior value to customers through innovative features, quality, or customer service. This can be very effective in capturing premium prices and fostering customer loyalty. However, it requires substantial investments in research and development. Another example is a…
- Explain the accuracy of the following statement: Formal strategic planning is irrelevant for companies competing in the high-tech industry because pace of change is so rapid that plans are routinely made obsolete by unforeseen events. What importance does strategic management’s play in organization's?Discuss the accuracy of the following statement: Formal strategic planning is irrelevant for companies competing in the high-tech industry because pace of change is so rapid that plans are routinely made obsolete by unforeseen eventsDistinguish between Strategic Formulation and Strategy Implementation. (Answer in not less than 1000 words) You may include a table as well.
- The a description of an organization's values, definition of its responsibilities to stakeholders, and identification of its major strategies is known as a:A)business-level strategy.B)business model.C)mission statement.D)balanced scorecard.E)None of the above.Considering the many different perspectives on what strategy is and how strategic planning should occur, which of the following is the best statement? Organizations cannot predict the future and thus should rely on a continuous, emerging strategy. Organizations should practice ‘strategic competence’ by focusing on what they’re best at. Organizations should pay particular attention to the resources they have when making strategic choices. Organizations should only concern themselves with leveraging their core competencies. Organizations should live their strategy on a daily basis.1. The hedgehog concept empowers the company to take advantage of the latest market trends or any new opportunities. TRUE FALSE 2.The Return Driven Strategy framework provides a structure for reviewing and evaluating strategies with the goal of creating long-term sustainable value. TRUE FALSE 3.The Return Driven Strategy framework can facilitate development of performance measures to monitor the performance of strategies as well as assess and manage strategic risks. TRUE FALSE
- Competitive success in fast changing markets primarily depend on a comany's ability to innovate and adapt as market-conditions change, which in turn requires that it reshape its strategy constantly With reference to the above statement, evaluate the strategic moves that seem to offer the best result in fast changing markets. Provide practicals excamples to enhance your analysisSubject: Strategic management Answer the following questions in a Word file. Use appropriate examples to explain your arguments. Q.1): Explain why some of the five generic strategies work better in certain kinds of competitive conditions than in othersAccording to Roger Martin, which of the following should strategic planners NOT do? Keep the strategy statement simple. Embrace Mintzberg’s theory of emergent strategy Revenue-based thinking Focus your energy on customers Make the logic explicit