Conducting business strategy analysis is important in understanding drivers of industries’ and firms’ profitability. Critically discuss three external and three internal (firm-specific) factors that would affect profitability of firms’ operating in a hospitality industry.
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A. Conducting business strategy analysis is important in understanding drivers of industries’ and firms’ profitability. Critically discuss three external and three internal (firm-specific) factors that would affect profitability of firms’ operating in a hospitality industry.
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- There are many marketing and operation functional approaches that would impact the potential success or risk of failure and even hazard on strategy-implementation efforts. Discuss the strategic approach of at least one of each key marketing and operation management factor that is central to the determinants of business performance. p/s : this is a question from strategic management subjectAbove picture showed a model used in Business strategy. A. Illustrate this Model and show the disadvantages of this type ?. B. Analyze the model by finding out the different between this type and Hyper-competition.Review the following hypothetical scenario and answer the following question: For our upcoming executive retreat, the Strategy Group has been tasked with competing a strategic analysis of our business and our industry. While there are a number of different approaches that we can take, I would like to rely on Porter’s “five forces” framework for our analysis of the industry structure. Q: Please provide an outline of each of the five forces as it relates to the cable industry and whether conditions in the industry are favorable to long-term profitability.
- 10.How are entrepreneurs behaviorally different from managers? When can we expect entrepreneurs to behave managerially? When can we expect managers to behave as entrepreneurs? 11. Research a company and inventory its resource base by using the six types of resources discussed. Evaluate these resources in terms of the four attributes of resources necessary for SCA. Does the company have a competitive advantage? A sustainable competitive advantage? What recommendations about resource procurement and development would you make for this company? 12. Ask an entrepreneur to describe the keys to successful entrepreneurship. Ask the entrepreneur to estimate how much of his or her success was the result of luck or unknown factors. Do the answers seem to fit the resource-based model?The common types of valuable resources and competitive capabilities that management should consider when crafting a strategy include A) valuable physical and intangible assets. B) valuable human assets and intellectual capital. C) All of these. D) valuable organizational assets and competitively valuable alliances. E) a skill, specialized expertise, or competitively important capability.Unilever, the world’s third largest consumer goods company behind Proctor & Gamble and Nestle, is an Anglo-Dutchcompany whose products include foods, beverages, cleaning agents and personal care products. The industry in whichthey operate on is considered to be a maturing industry.Unilever is holding a strategic planning session and has invited you to advise them on the following:3.1 The key characteristics of a maturing industry. 3.2 Strategic options appropriate for them to compete in this industry. 3.3 Potential strategic pitfalls which they may encounter in competing in this industry. i will appreciate a detailed response, subject is Business & Corporate strategy
- 1. What steps does Nordstrom take to implement its strategy providing outstanding customer service? According to the text, are there any actions or steps that are discussed in the text that Nordstrom does not implement?2. How do these activities enable Nordstrom to reduce the gaps between perceived service and customer expectations?3. What are the pros and cons of Nordstrom’s approach to developing a competitive advantage through customer service?4. Can Nordstrom’s philosophy of customer service be used businesses other than retail service businesses? Educational institutions? Lower end retailers like Walmart, Target, or Steinmart or Kohls? –5. Why or why not? If not, how could these retailers improve their customer service and relations, give examples—6. Discuss the inventory policies of Nordstrom to that of other department or retail stores. Does this policy impact customer service?Two basic competitive strategies are: Cost leadership and Product / service differentiation. You have two business choices in the current pandemic, (1) cleaning service or (2) healthy homemade cooking. Naturally many things are different from the two types of business that you want to be in.Make a business analysis of 2 this type of choice is both qualitative and quantitative, and all of them are supported by reference data and simple calculations to support your competitive strategy1) What was AlphaCo's issue(s)? 2) How did AlphaCo address their issues? 3) After reviewing this case study, what lessons did you learn from AlphaCo? How can you apply those lessons learned to your small business? AlphaCo is a successful apparel retailer that has developed from a catalogue-based background. The majority of the company's turnover is generated from its original mail based catalogue sales market, although the company now has four physical stores, indicating a stronger move into the physical retailing area. AlphaCo started with a conservative approach to the Internet, their strategy being to develop a basic Web site for the purposes of testing the market and raising brand awareness. Old Paradigm In the 1990s, the company identified that interaction with both suppliers and customers using Internet technologies was a critical area of development if the company was to grow on both a local and global scale while keeping costs down. Customer interaction through an Internet…
- 7 Compare the components and applications of the models in the Full syllabus under the heading On Business Strategy in Week 5 based on the following Categories of Comparison below. The models are Porter’s Five Forces, SWOT, BCG, and PEST. Categories of Comparison What is the purpose of the model? How do managers use the model in the formulation of strategy? How does the model help to analyze the firm’s “competitive environment”? How would managers use the model to assist them in analyzing their firm’s specific competitive capabilities? How does the model hhelp to analyze the firm’s various businessunits?Solve this. 1 Describe the connection between strategic management and a firm's competitive advantage. How does a company maintain a strategic edge over time? 2 For four factors, King and Cleland propose that organisations deliberately craft a written mission statement. Make a list and a description of them. 3. Make a list of the main components of an appropriate mission statement and identify them.In their paper, personal values and corporate strategy published in the harvard business review of September - October 1965, Guth and Tagiuri argued that corporate strategy may also be influenced by the personal values of those who are charged with the formulation of strategy. Discuss the influence of Mr Ismail Singh's orientation on what transpired at Zoom Trucking Company and Singh Transport company