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- 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?Respond 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…StrategyWhich of the following statements about marketing strategies is correct (a)? Select one or more options: - A market leader (like Coca-Cola) often has different strategies than a market challenger (like Pepsi) - The company's vision 'is oriented towards markets and customers - If you follow the strategic goal niche, you target a very small part of the market - Using cost leadership as a strategy means that you always set lower prices than the competition - The company you work for has conducted a survey and concluded that their customer service is not good enough at solving customers' problems. In a SWOT analysis, this would be a threat.
- Please use one company as an example and describe how it designs its organizational structure, organizational control system, organizational incentive system in this company’s strategy implementation process. In answeringthis question, please first define clearly the strategic action that this company is undertaking and describe how this company implements this strategic action. ( word limit 300)In crafting a company's strategy: Answer 1 C) managers need to come up with some distinctive "aha" element to the strategy that draws in customers and produces a competitive edge over rivals. D) managers are well-advised to be risk-averse and develop a "conservative" strategy—"dare-to-be-different" strategies rarely are successful. A) management's biggest challenge is how closely to mimic the strategies of successful companies in the industry. B) managers are wise not to decide on concrete courses of action in order to preserve maximum strategic flexibility.Crafting a strategy involves A) blending deliberate/planned initiatives with emergent/unplanned reactive responses to changing circumstances, while abandoning planned strategy elements that have failed in the marketplace. B) developing a five-year strategic plan and then fine-tuning it during the remainder of the plan period. C) trying to imitate as much of the market leader's strategy as possible so as not to end up at a competitive disadvantage. D) doing everything possible (in the way of price, quality, service, warranties, advertising, and so on) to make sure the company's product/service is very clearly differentiated from the product/service offerings of rivals. E) All of these accurately characterize the managerial process of crafting a company's strategy.
- Changing circumstances and ongoing managerial efforts to improve the strategy A) All of these. B) make it very difficult for a company to have concrete strategic objectives. C) make it very hard to know what a company's strategy really is. D) account for why a company's strategy evolves over time. E) explain why a company's strategic vision undergoes almost constant change.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 analysisA Strategy Map is an excellent tool to showcase the inter-connectedness of all the elements that make up a good corporate strategy. Pick ANY industry you are familiar with and illustrate the use of a Strategy Map in assisting management achieve a business objective.
- 1 Explain why the concept of Competitive Advantage is central to the study of Stragic Management 2 Compare and contrast vision and mission statement. Describe why a missikn statement is so important to the Strategic Management Process 3 State Clearly the difference between internal and external environment of any business Give at least two (2) examples of each to support your answerPlease use one company as an example and describe how it designs its organizational structure, organization control system, organizational incentive system in this company’s strategy implementation process. In answering this question, please first define clearly the strategic action that this company is undertaking and describe how this company implements this strategic action. ( word limit 300)Please solve with step and explanation. I'm needed max in 30-45 minutes thank u Each Corporation has a different strategy depending on the situation and external conditions of "PESTEL". Please read the corporate strategy material and explain what strategies are carried out by the amazon company. The three types of directional strategies are mentioned as follows: Growth strategy Stability strategy Retrenchment strategy