Q: Describe the process of performing an external audit in an organization doing strategic planning for…
A: An external audit is a periodic audit or a step-by-step review of an organization's financial…
Q: ation, firm, com
A: A business is characterized as an association or ambitious substance occupied with business,…
Q: State the diversification strategy for growth of the firm.
A: Business growth through diversification: Diversification is a growth strategy that entails entering…
Q: Using an industry of your choice, explain how a company can make use of the Ansoff Matrix to develop…
A: Let us draft a view of the Ansoff Matrix by taking Apple company as an example. Following are the…
Q: required: *Discuss the advantages and disadvantages of public company* please answer this question…
A: A public company can be defined as a company where the ownership is distributed to the general…
Q: what are IKEA's products and services?
A: IKEA has a clear vision to provide the best furnishing products at affordable prices and meet the…
Q: Briefly describe the activities involved when conducting a competitor analysis?
A: Competitor analysis is an examination of the competitors available in the market. Competitor…
Q: What does ii mean for a firm to have a competitive advantage? What gives a firm a competitive…
A: What does it mean for a firm to have a competitive advantage? Competitive advantage refers to all…
Q: Which of the following is true regarding diversification? A) Diversification is classified into…
A: Diversification means switching into a new sector in order to reduce risk and volatility and…
Q: The four fundamental growth strategies help firms identify growthopportunities in the marketplace.…
A: Growth strategies is vital for business to get their expansion objectives fulfilled. Every business…
Q: Discuss the contributions a purchasing department can make to the corporate strategic planning…
A: Purchasing management is the procedure of handling purchase decisions or actions of an organization.
Q: Explain the research process. • Argue in favour of how has strategic management integrated with…
A: The research process includes distinguishing, finding, evaluating, and examining the data you need…
Q: Management value of enterprise systems Select one: a. Enable rapid responses to customer requests…
A: ENTERPRISE SYSTEM: This is a software application that manages a wide range of information across…
Q: Discuss why supply management has traditionally not been involved in the corporate strategic…
A: Supply chain management refers to the management of processes that are necessary for the smooth…
Q: Complete with the Definitions . …………...help address strategic issues and long-term trends, both in…
A: In every organization, there are different kinds of employees who have many roles and…
Q: How does OM identify and Execute the key success factors in the functional areas?
A: The key functions of operations management used to include planning, budgeting, hiring staff,…
Q: Which one of the following strategies creates the potential for the firm to capture additional…
A: A value chain is a series of operations carried out by a company to generate value for its…
Q: ''There is the various environment in the industry one is internal and the other is external, the…
A: The firms should be cautious enough before making any decisions. It is because the wrong decisions…
Q: a firm does strategy to limit its competitive position.
A: Competitive advantage alludes to factors that permit an organization to deliver products or…
Q: Differentiation and Segmentation are different from each other. Differentiation is concerned with…
A: Differentiation and segmentation are different from each other.Segmentation divides the market based…
Q: Pls differentiate entrepreneurs and intrapreneur.
A: Entrepreneurs And Intrapreneurs - Entrepreneurs, are the persons, who forms a new or unique kind of…
Q: All steps in the strategic planning
A: The procedure of developing a plan for the accomplishment of overall long-term areas of an…
Q: Examine ABC’s strategic position, established corporate goals, and suggest key strategies to achieve…
A: According to the case study, ABC became an established coffee brand in Hongkong, as it focussed on…
Q: complete …………...help address strategic issues and long-term trends, both in firm and in external…
A: Vital or staregic level systems help senior administration tackle and address vital issues and long…
Q: Identity the contextual influence that you believe will pose the greatest challenge to companies'…
A: Contextual influence refers to the selective professional impacts experienced by people's families,…
Q: What specific marketing activities does Copper tone utilize to help the company grow in the…
A: Market Activity- It refers to the activity performed by the marketer with the objective to increase…
Q: In which level of sales management position the long term planning and strategy formulation is…
A: Answer- (A) Top Level In Top level of sales management position the long term planning and strategy…
Q: a new Strategic planning for your company (Your company is a new company in E-commerce.
A: Strategic Planning: It is related with preparation of plans which will be executed in order to…
Q: A company business strategy follows (unique design, high innovation, and superior customer service)…
A: Competitive Advantage can be described as any advantage that a particular company gets over its…
Q: Propose a plan to measure and monitor the effectiveness of your recommended operational changes in…
A: Caterpillar Inc is a producer of heavy machines & equipment. Amongst the operational variations…
Q: Identify a company that you think is customer-centric and one that is not.
A: Customer-centric: It means the producers will produce goods based on the needs, taste and wants of…
Q: Apply the value chain analysis on a pharmaceuitcal distribution compay & show how the support…
A: Value Chain Analysis: From manufacturing the product to delivering it to its target customers, A…
Q: 4.1) Creating a sustainable competitive advantage may be the most important goal of any…
A: Information systems that allow for the sharing of knowledge across business lies enhances competency…
Q: Explain the steps required for operational planning.
A: The planning concept states that thinking and forecasting activities are performed with complete…
Q: Discuss one (1) alternative todownsizing using an example from an actual company to justify the use…
A: Down sizing is defined as the permanent reduction in the company's labor force through elimination…
Q: How the Industry Analys is Affects and Is Affected by Other Sections of the Plan of the bakery
A: Sustainability focuses on fulfilling the needs of the present without compromising the ability of…
Q: By trying to get customers to spend more time in the store and purchase additional products,…
A: There are many types of orientation strategy used by the company such as sales orientation,…
Q: 1. Do you believe that external factors are more important than internal factors for a firm to…
A: A firm operates in a certain environment and plans according to the prevailing market conditions…
Q: What is the core business of Nestle?
A: Nestle, headquartered in Vevey, Vaud, Switzerland, is a multinational food and beverage processing…
Step by step
Solved in 2 steps
- This activity is important because one of the core aspects of marketing is to create value for customers. Marketing traditionally has been divided into a set of four interrelated decisions known as the marketing mix, or four Ps: product, price, place, and promotion. Two travel-oriented companies—one a producer of goods, the other a service provider—have different marketing mixes. The goal of this activity is to recognize that companies make different marketing mix decisions to offer value. In this activity, you will categorize a set of statements about each company's marketing activities according to the four Ps (product, price, place, and promotion). I Need help with this one please thank you!Management must be clear about their objectives in order to establish greater customer relationships.Create a list of four (4) CRM objectives that are common to all of them.Wat is the purpose of the Situation Analysis section of a Marketing Plan? Select one: a. To provide an overview of the internal and external conditions impacting the firms. b. To develop decision criteria on which markets to enter. c. To create of market support for a firms product or service. d. To only focus on which products in the market to compete against.
- Ahmed wants to perform target marketing.Which of the following should he do? A)He should copy the strategies performed by the competitors B)He should target the segment which provides less customer value C)He should target the segment which provides short term profit D)He should target the segments in which he can generate the greatest customer value and sustain it over timeMarket segmentation entails a deliberate attempt to identify market(customer) with homogeneous needs to serve profitability. Based on this understanding, explain to the management of UCP b) Four practical approaches UCP can employ to segment and identify their markets(customers)The Ansoff matrix is one of several different market penetration approaches that are used by marketers for over 40 years to determine strategic priorities. Use the Ansoff matrix and apply the different strategies for product growth and product development to Zara and their new sustainable clothing range that they want to launch .in your answer include a visual presentation of the diagram
- In this week’s topic, the chapter covered customer loyalty and how it weaves into the 8 Ps marketing mix. To practice this concept, select your favorite vacation spot. Select 2 Ps from the 8 Ps marketing mix. For each, identify and briefly describe one marketing strategy idea that would support a marketing campaign for your favorite vacation spot. Brainstorm 1 to 2 ways you can promote customer loyalty and encourage tourists to return.Developing a marketing plan at the Strategic Business Unit level requires internal and externalanalysis. These two have been described as critical to the success or failure of the plan.While the internal analysis may consist of examining the organization’s own dynamics aswell as the industry, its external analysis consists of macro-environmental factors. Abusiness conducts these analyses before formulating its goals and developing its strategy.However, not all businesses understand these dynamics nor know how to effectivelyconduct their external environmental analysis. As a practitioner with good marketingknowledge, discuss the external marketing environment and its strategic role in marketingstrategy planning decisions illustrating with clear examples from the Ghanaian market.Discuss the four marketing management philosophies and highlight how both the market orientation (marketing concept) and the societal marketing orientation are the most effective (more customer-driven).The four marketing management philosophies are product orientation, sales orientation, market orientation, and societal marketing orientation. List the three pre-requisite elements (Focusing on customers wants and needs, Integrating all the organization's activities to satisfy what customers wants, Achieving long term goals for the organization by satisfying the customers wants and needs) for the marketing concept to exist and for the company to succeed. Watch the video on "Costco CEO: High Wages, High Volume Drive Results for Costco Shareholder" https://www.youtube.com/watch?v=qC8Abk2atrM and reflect on the Costco's successes and the value of their Kirkland brand. Is Costco's successes because of their large membership base (how many?)? low-prices? customer-oriented employees? the…
- This will focus on creating a Marketing presence for this new coffee shop located in Philadelphia, PA. This task will evaluate your ability to analyze marketing strategies and provide creative solutions. Create a SWOT analysis focusing on the coffee shop business in relation to the location at 3528 Wharton Street, Philadelphia, PA 19146. Additionally, please identify 3 marketing resources that you believe will be most successful in promoting the coffee shop and explain why. 2. What are the area's demographics, and what are the factors that contribute to the success of startup coffee shops in the Philadelphia, PA area.Strategic management is a key component of organizational success, focusing on the formulation and implementation of long-term goals and initiatives to achieve competitive advantage. It involves analyzing the external environment, identifying opportunities and threats, and aligning organizational resources and capabilities to capitalize on these factors. Strategic management also entails setting clear objectives, developing actionable plans, and monitoring progress towards goals. Moreover, it requires continuous evaluation and adjustment to ensure that the organization remains responsive to changes in the market and industry dynamics. Ultimately, effective strategic management enables organizations to adapt to evolving challenges, seize new opportunities, and achieve sustainable growth in the long term. Question: How does strategic management differ from operational management, and why is it important for organizations to balance both aspects effectively?marketing reserch is the systematic and objective identification, collection, analysis, dissemination, and use of information for the purpose of assisting management in decision making related to the identification and solution of problems (and opportunities) in marketing. 1) true 2) false
