Identify the major costs of the following three ways to start a new business. Start-up Business purchase Franchise What do you think is best way to start up this business (creating a new business, buying an existing business or franchising a business)? Why?
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Identify the resources, capabilities and core competencies that would be needed for that business.
Resources: Asset that an organization can use when formulating or implementing a strategy.
- Tangible: people, money, equipment, location, supplies
- Intangible: knowledge, patent, trademark, brand, reputation, training system
Capabilities: An organizational and management skill necessary to orchestrate a diverse set of resources and deploy them strategically. This is an intangible.
Core competencies: A unique strength within an organization that allows it to differentiate its products and services from those of its competitors, creating higher value or lower costs for its customers and itself.
Identify the major costs of the following three ways to start a new business.
Start-up
Business purchase
Franchise
What do you think is best way to start up this business (creating a new business, buying an existing business or franchising a business)? Why?
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- 1. ________ typically deal with tactical issues, which tie strategy to day-to-day operations. A. Executives (vice presidents) B. Employees C. Managers (directors) D. Supervisors 2. ________ issues deal with day-to-day issues. A. Tactical B. Operational C. Strategic D. None of these 3. Customer loyalty: A. Is an employee's obligation to consistently support a company B. Gauges how happy your customers are with your good or service C. Is an important element of poor quality and customer service D. None of theseGoogle is one of the world’s leading high-tech firm. Its corporate mission is, “to organize the world’s information and make it universally accessible and useful.” Explain how Google’s mission affects the way Google develops and executes its strategy Focus on the Keywords in the Google’s Mission Statement while exploring the Google’s Corporate Info Website (https://about.google/). In the website, you should thoroughly look at the different products, activities, operations, programs, different viewers, geographic coverage, and other features to understand the overall strategies Google is pursuing. Based on your thorough analysis of the website, list down the Strategic Priorities of Google. Afterward, you are required to link the strategic priorities with the key aspects of the Google’s Mission Statement and then describe in detail how the Mission statement affects the way Google develops and executes its strategy.Internal Analysis This assignment is based on the NIKE Company In this section, you will study the internal resources, capabilities, core competencies, and value chain of your selected firm 1 Use the VRIO framework to identify the competitive position held by your firm Which, if any, of these resources are helpful in sustaining the firm’s competitive advantage? 2 Identify the core competencies that are at the heart of the firm’s competitive advantage (Remember, a firm will have only one, or at most a few, core competencies, by definition) Submit a report on you findings that is clearly written, well formatted and thoroughly covers this issue Besides addressing each prompt you should justify your answer with significant detail and examine any implications that the issue has on their business strategy
- Match the correct pairs - A. B. C. D. E. F. Task environment - A. B. C. D. E. F. Complex & Unstable environment - A. B. C. D. E. F. Simple and stable environment - A. B. C. D. E. F. General environment A. High environmental uncertainty B. Linear organizational structure C. Organizational Grouping D. Includes environmental factors that do not directly affect the firm, but may have an indirect influence on the firm's operations E. Includes environmental elements that directly impact the firm's ability to achieve its goals F. Low environmental uncertainty6. Which of the following is not identified as a strategy common to many successful service providers? Close coordination between the marketing and operations a b. The exploitation of information to generate new business A project-oriented organizational structure d. Redirection of the strategic service vision inward to focus on employeese alerts – You have new alerts Side Panel Breadcrumb: Week 5 Project Instructions A New Marketing Opportunity The CEO of your firm has just announced that the organization is considering two diverse strategies to increase business: marketing healthcare services to the mature healthcare consumer, or marketing healthcare services to international consumers. Read the following two articles: Fell, D. (2002). Taking the U.S. health services overseas. Marketing Health Services, 22(2), 21-23. to read the article. Marsh, D. (2010). Marketing to the mature marketplace. Marketing Health Services, 30(1), 12–17. to read the article. NOTE: You will draft two separate marketing proposals for the organization. Each proposal should be based on a marketing strategy covered in the course. Explain which proposal best supports the marketing opportunities outlined by the firm’s CEO. In other words, does targeting one or the other group make…
- 11. If an IS organization is viewed as a cost center/service provider, its strategic planning process is typically directed inward and focused on determining how to do what it is currently doing but doing it cheaper, faster, and better. a. True b. False 14 The strategic plan of an information system (IS) must identify those technologies, vendors, competencies, people, systems, and projects in which an organization will invest to support the corporate and business unit strategies. a. True b. False 16. The release of a new and more powerful mobile computing device or data-crunching software package can influence the strategic plan of an information system. a. True b. FalseAssignment Questions As of May 2018, what challenges had PT faced in recent years? Assess the factors in the internal and external environment that led to those challenges? Analyze the industry competition conditions that PT faced. Identify the key external factors that affected PT’s strategic decision. Develop a SWOT Analysis for PT to help King develop his strategy. Indicate how each of elements from the four (4)components from your SWOT, can be used to enhance PT’s competitive advantage. Each component of your SWOT must have at least three (3) elements If you were Phillip King, chairman of PT, what recommendations – at least four (4), would you make to improve company performance and address the challenges you outlined in question 1. Provide clear justifications for your reasons .1. The performance measurement system should encourage each manager to act in a manner that Select one: a. most positively supports the organization's mission and competitive strategies b. increases his/her performance reward in the form of profit sharing c. reduces the need for informational elements in support of the manager's planning function d. makes the manager's units profits as high as possible 2. Engaging in product design for manufacturability reduces Select one: a. Training costs Preproduction design time Assembly time Yes Yes Yes b. Training costs Preproduction design time Assembly time No No No c. Training costs Preproduction design time Assembly time Yes Yes No d. Training costs Preproduction design time Assembly time No Yes Yes
- 25) It is important to understand both the similarities and differences between the two matrix tools in order to better help manage complexity in large firms. Which of the following statements is false with regards to the BCG Matrix and the GE- Matrix? a) The GE- Mckinsey Matrix has nine cells, while the BCG matrix has four cells b) Market share is a reflection of competitive strength, while industry attractiveness is represented by market growth in the BCG Matrix c) Market share is more forward looking while competitive strength is more historical in its perspective d) The GE-McKinsey Matrix is a holistic and inclusive approach that aid in prioritizing resource allocation for businesses in a portfolio that would benefit the mostplease quickly i just need the answer thanks ! 28. The strategic-management process:a.is a system of independent actionsb.follows a strict sequence of activitiesc.is a system of interrelated functionsd.requires long periods of time to be effectiveFACTS: N Bank, with nearly 150 branches (from Napa Valley, California, to Seattle, Washington) and 8.3 billion in assets, is committed to creating and maintaining a corporate culture that provides excellent customer service. A key component of the bank’s overall retail strategy is its “universal associate” program (that is what N Bank calls its employees). At N Bank, each universal associate is trained to perform every banking task. A teller can take a loan application, and a mortgage officer is able to assist a customer in opening a safe-deposit box. A significant side benefit of this culture is that N's employee turnover is one-half the industry average. Another benefit is that employee boredom is reduced by performing multiple tasks daily. An employee’s workday varies based on which departments are slow and/or busy. In contrast, at a typical bank, employees specialize in certain tasks; thus, employees often have an “it’s not my job” mentality. N Bank’s employees are empowered to…