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- Using the information from your SWOT analysis, have you identified any opportunities that are a good match with your company’s core competencies? Likewise, have you discovered any weaknesses that could be converted to strengths through careful marketing planning?The thing that makes the company unique in the industry is known as: Select one: Competitive advantage Market segmentation Company structure Vision and Mission Costs which change with level of production are known as: Select one: Total cost Fixed cost Cost of production Variable costW hat strategies should businesses employ to align their sales and marketing teams, ensuring they work together seamlessly to achieve common goals and drive revenue growth?
- Which industry for which you are considering developing a strategic plan? What industry are you currently working in? Same as above or some other? If it’s different, please identify the one that you’re currently working in. Mission (Purpose of the company, and what the company strives to do) Vision (Desired future achievements and state it wants to be in) Values (How employees should conduct themselves and their business to achieve the mission) Establish Major Goals (Goal – be precise and make sure those are measurable goals)How do you complete an internal marketing audit for Walmart and categorize the following key issues like Competitors, Their competitive advantage, Their competitor intelligence (CI), Focus on competitor capabilitiesCompetitor strategies, Prediction of response patterns, and how competitors will react to future actions of the company?1. Is being a market follower a good competitive strategy? Discuss the advantages or disadvantages of being a market follower and the factors to consider when pursuing this strategy. 2. Discuss the need to understand competitors as well as customers through competitor analysis.
- When using the strategic management process, firms should start by A) developing a strategic vision, mission and values. B) developing a proven business model, deciding on the company's top management team, and crafting a strategy. setting objectives, developing a business model, crafting a strategy, and deciding how much of the company's resources to employ in the pursuit of sustainable competitive advantage. C) coming up with a statement of the company's mission and communicating it to all employees, setting objectives, selecting a business model, and monitoring developments and initiating corrective adjustments to the business model when necessary. D) deciding on the company's board of directors, setting financial objectives, crafting a strategy, and choosing what business approaches and operating practices to employ.Strategy: a set of choices for how we will differentiate ourselves with customers and from competitors Assess the current strategy for your department, unit, or organization. How does the current strategy align with the contextual factors and vision you’ve identified for your business for the next three years? Use the following questions to guide your development of a strategy and think about your strategy as a set of choices. What set of key choices will define how your team, department, unit, or organization delivers on the vision and mission in the next three years? Think about how you will execute externally: What choices are you making about differentiating yourself in the marketplace? Think about how you will operate internally to make that execution possible. How does those set of choices differentiate your team, department, unit, or organization from others trying to deliver value for end users? What sensible and attractive options are you NOT going to pursue as an…Kindly help in the light of 'consumer analysis and research. Please prepare a presentation to your leadership team with three areas of exploration. Give An overview of the critical areas of your corporate strategy, key profit drivers, and customer strategy, including target profiles, positioning strategy, value proposition, and profitability. Your critical analysis and assessment of the above. Focus your analysis on the essential elements and drivers of customer value. Tick a unique position to reverse-engineer your product and service offerings to increase value simultaneously for your organization and its customers. Based on your analysis, make strategic recommendations that be meaningful, tangible, actionable, and recommendations supported by evidence. and financial projections for whatever it is you are proposing, at a minimum, some back-of-the-napkin revenue forecasting
- A company's competitive strategy should A) be well matched to its internal situation and predicated on leveraging its collection of competitively valuable resources and competencies. B) be well attuned to doing an outstanding job of satisfying the needs and expectations of niche buyers. C) ensure it is designed to concentrate on a small range of products so it can react quickly to competitive moves. D) be aligned toward being at least an average performer within the industry. have the resources and capabilities to incorporate standard attributes into its product offering.What impact can a customer-focused strategy have on a company's bottom line?Discuss the competitive forces in the business environment using Porter's Five Forces framework, examining the influence of factors such as industry rivalry, supplier power, buyer power, threat of new entrants, and threat of substitutes.