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Definition and examples of,
1.Blue Ocean strategy
2.Red Ocean strategy
3.Halal Marketing &
4.neuromarketing.
Step by step
Solved in 2 steps
- 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 company’s 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?1. 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.Critically examine any 11 Grand Strategies in terms of their characteristics, advantages anddisadvantages.(b) Comprehensively analyse Porter’s Generic Strategies and for each generic strategy,provide detailed examples of two companies each that have adopted each named genericstrategy.(c) Research and find out real Ghanaian corporate examples over the past three decades thatfits each Grand Strategy described above. (precede each example with a paragraph on thebackground of the company being named)(d) Investigate what accounted for the success or failure of each example stated in ‘b’ aboveand provide superior recommendations that would have helped such companies in thoseinstances to achieve their objectives.
- If you were in charge of strategic planning for your organization, what changes would you make? Give at least (1) unique strategy in today’s world for nonprofit and profit organizations. When developing and implementing strategy, does the organization effectively balance short and long-term priorities? Why? Does the organization need several strategies for differentiation, innovation, customer alignment, and a detailed plan of forecasted strategies? Why? Please Answer this Thank You.1. In a paragraph, formulate an analysis about the big lie in strategic planning by Roger L. Martin. 3. What is the big lie in “The big lie in strategic planning” by Roger L. Martin. 3. What is the importance of strategic planning in an enterprise.Understanding the common vocabulary used in strategic management is important to theapplication of its concepts.Required:b. Choose any organisation of your choice and employ the “SWOT Matrix” to demonstratethe current strategic position of the organization and clearly indicate the strategy optionsavailable to help match that organization’s internal environmental elements against itsexternal environmental elements.
- Who is Michael Porter? What is his argument as it relates to business strategy?The tools presented in the strategy formulation framework are applicable to all sizes and types of organizations and can help strategists identify, evaluate, and select strategies. Which of the below tools, used in the process, allows strategists to evaluate alternative strategies objectively based on previously identified external and internal critical success factors? a. SPACE Matrix b. Internal-External (IE) Matrix c. SWOT Analysis d. Quantitative Strategic Planning MatrixExplain phases of development of strategic management 1. Long-range planing2. Strategic Management3. Strategic (Externally Oriented) planning4. Basic money financial (Budgeting)5. Complex Systems Strategy:
- Develop a strategic vision and mission for the business. Compose three (3) financial andthree (3) strategic objectives for the business. Discuss three (3) habits of a strategicleader which are important to business strategy as discussed in the course.Justify each successful factors for crafting strategy and executing strategy with short example (total 9 short examples). Successful factors for crafting strategy: 1) Business vision 2) Perceptive analysis of market and company capabilities 3) Attracting and pleasing customers 4) Outcompeting rivals 5) Using company resources and capabilities to forge a competitive advantage Successful factors for executing strategy: 1) Good organization building and people management 2) Creating strategy supportive culture 3) Continuous improvement 4) Getting things done and delivering good result.With a _____________________, companies need to know when to get in and get out. On the other hand, a ________________reveals the shape of the future and can provide strategic direction. a. Fad; Trend b. Trend; Fad c. Trend; Strategy d. Mega-trend; Fad