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- From your knowledge of restaurants, from the video, from theGlobal Company Profile that opens this chapter, and from thecase itself, identify how each of the 10 OM strategy decisions isapplied at Hard Rock Cafe.1 The terminology ‘strategy’ comes from the Greek word ‘Strategos’ meaning ‘The Art of the General’. How is the `art of the general ‘related to the world of business in the present day context of competitive business world?Read a popular business press/website (Business, Week, Wall Street Journal, Crain's, Fortune, etc.) to identify a both a strategic action and a tactical action taken by a firm approximately two years ago.
- Use Value Chain framework to list out and explain the key issues that need to be dealt with, constraints, key opportunities, core competencies that should remain the basis for the company's strategy, importance and priority of issues, existing and potential synergies, causes vs. symptoms of Abu Dhabi National Oil Company. determine the appropriateness of the company's strategy and give some recommendations.(Supply chain strategies and processes) The Internet and Competitive Priority Technology is an important part of structure (as in Structure and Infrastructure). The Internet constantly makes new technology-related applications available to companies. These tools can be used to serve customers or deal with suppliers. However, these tools are not silver bullets. Payoffs from investments in these applications often come from matching Internet-enabled tools with a firm’s competitive priorities. Explain the ways the Internet could be used to achieve each competitive priority.Please answer the question 3 of the case study with full explanation and reference to the provided tables consider the advantages and disadvantages of both options insourcing and outsourcing that affect the decision of choosing one over the other.
- Identifying Gaps between Competitive Priorities and Capabilities?In no less than 200 words, describe the connection between “quality” and “strategy.”how does Economies of scale, Learning and experience curve effects, the cost of key resources inputs,and link with other activities in a manufactoring company or industry value chain
- 135) Questions in strategy include which of the following? a) Are we in the right business? b) What business should we be in? c) Both A and B d) Neither A nor BExercise 4. You are a manager at a certain factory that designs small gadgets. The factory has been quite successful in the past years. Your CEO is wondering whether or not it is a good idea to expand the factory this year. The cost to expand the factory is $1.5M. Doing nothing will resultin an expected $3M in revenue if the economy stays good and people continue to buy plenty of gadgets, but only $1M in revenue is expected if the economy is bad. On the other hand, expanding the factory carries an expected $6M in revenue if the economy is good and $2M if theeconomy is bad. Assume there is a 40% chance of a good economy and a 60% chance of a bad economy. Also, assume the costs of operating the factory account to $.5M if the factory is expanded and $.3M if not.a. Illustrate a Decision Tree showing these choices.b. What should you do?why do we need to undertake IA and why is it important?what do we need to focus on, when we are analyzing management capability?when we analyse our marketing capability, what do we look for? what is financial sustainability?how do you evaluate value chain management in an internal analysis?