Graeter’s current management team bought the businessfrom their parents, who did not have a formal succession plan in place to indicate who would do what. Do youthink the current team should have such a plan specifyingwho is to step into the business, when, and with whatresponsibilities? Why or why not?
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Graeter’s current management team bought the business
from their parents, who did not have a formal succession plan in place to indicate who would do what. Do you
think the current team should have such a plan specifying
who is to step into the business, when, and with what
responsibilities? Why or why not?
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- Background: Mr. John Francois, the owner of John Francois Stores has been operating asuccessful business since 1977. However, he is not fully aware of whatstrategic management and planning entails. As a trust worthy employee, Mr.Francois has asked you to host a weekend retreat with him, his familymembers, and selected members of staff so that you can advise them aboutwhat strategic management and planning entails as well as how important itis for the organization to engage in strategic management and planning. Question1: What would you say to the members present at the retreat so that they canhave a very good understanding of what strategic management and planningentails, and why they should engage in the process so as to maintain thecompetitive advantage of John Francois Stores?You and a partner plan to start a business. You want to schedule a time to sit down together and develop a business plan. Your partner says, “What’s the point? We both know what we want to do, so I think we can skip the formal plan.” How would you explain the importance of developing an organizing a business plan to your partner? And how would you convey the significance of a vision, a mission statement, and goal-setting as it relates to your business plan?Looking at our discussion on creative mind, innovation, risk taking etc... what new feature or component can you add to an umbrella/Payong? and why? (must be innovative, creative, relevant, feasible, new) (hehehe, explain why, 1, feature/component, justification.) * It is said that entrepreneurial development is significantly linked with the environment. Do you agree? Y/N? and why? ( 3 sentence max.,) McClelland, introduced the theory of need of achievement, believing that entrepreneurs should have adequate capacity of imaginations, thinking and developing new combinations, and the desire for high achievement. Explain your thoughts on this theory. ( Min. 3 sentence, max. 5)
- I need help. It is due today 1. __________ capabilities are capabilities that few, if any, competitors possess. a. Costly-to-imitate b. Rare c. Valuable d. None of the Above 2. If a firm does not possess any capabilities that are valuable, rare, costly to imitate and its capabilities are easily substitutable, then the firm is most likely going to experience __________. a. below-average returns b. a competitive disadvantage c. a temporary competitive advantage d. Both (a) and (b) are currect 3. __________ resources are a superior source of capabilities and subsequently, core competencies. a. Intangible b. Tangible c. Physical d. Financial 4. Which of the following is not considered a support function in a value chain? a. Finance b. Follow-up Service c. Management Information Systems d. Human Resources 5. The Ralph Lauren Corporation…Creative Homework/Short Project As a marketing student, you know that large firms often organize theiroperations into a number of strategic business units(SBUs). A university might develop a similar structure inwhich different academic schools or departments areseen as separate businesses. Consider how your university or college might divide its total academic unitsinto separate SBUs. What would be the problems withimplementing such a plan? What would be the advantages and disadvantages for students and for faculty?Be prepared to share your analysis of university SBUs toyour classKrispy Kreme Doughnuts, Inc., 2015 www.krispykreme.com, KKd Copyright by Fred David Books LLC. www.strategyclub.com (Written by Forest R. David) Based on the given case above ; 1. Read and evaluate the mission statement of that organization accordingly. 2. Identify whether the mission statement is good or not good. State reason for your answer. A detailed analysis of the mission statement is given with correct components and the legend.
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- CRITICAL ANALYSIS OF THE PLANNING IN BROOKLYN’S LEADING TO CHANGE The reason why the new owner of the Franchise, David Becker, had decided to replace the old manager with a new one was that this particular restaurant was doing poorly in terms of profit as compared to other restaurants in the chain. David Becker attributed this fact to poor planning and organization structure and decided to introduce the restructuring and policies implemented successfully by him to the other two restaurants owned by him. Critical examination of the old policies of the top and middle-level managers shows that some of the practices used by them were flawed and needed improvement.The previous owner of the franchise had not taken an active interest in the running of the restaurant leaving it upon the manager to run the affairs of the restaurant. Communication of goals from the top to middle-level managers is necessary to run an organization clearly lacking in this case. The top management probably did not…CRITICAL ANALYSIS OF THE PLANNING IN BROOKLYN’S LEADING TO CHANGE The reason why the new owner of the Franchise, David Becker, had decided to replace the old manager with a new one was that this particular restaurant was doing poorly in terms of profit as compared to other restaurants in the chain. David Becker attributed this fact to poor planning and organization structure and decided to introduce the restructuring and policies implemented successfully by him to the other two restaurants owned by him. Critical examination of the old policies of the top and middle-level managers shows that some of the practices used by them were flawed and needed improvement.The previous owner of the franchise had not taken an active interest in the running of the restaurant leaving it upon the manager to run the affairs of the restaurant. Communication of goals from the top to middle-level managers is necessary to run an organization clearly lacking in this case. The top management probably did not…CRITICAL ANALYSIS OF THE PLANNING IN BROOKLYN’S LEADING TO CHANGE The reason why the new owner of the Franchise, David Becker, had decided to replace the old manager with a new one was that this particular restaurant was doing poorly in terms of profit as compared to other restaurants in the chain. David Becker attributed this fact to poor planning and organization structure and decided to introduce the restructuring and policies implemented successfully by him to the other two restaurants owned by him. Critical examination of the old policies of the top and middle-level managers shows that some of the practices used by them were flawed and needed improvement.The previous owner of the franchise had not taken an active interest in the running of the restaurant leaving it upon the manager to run the affairs of the restaurant. Communication of goals from the top to middle-level managers is necessary to run an organization clearly lacking in this case. The top management probably did not…