In fact, the researchers report that "firms are over 100 times more likely to diversify into industries to which the firms' internal human assets are strongly complementary, rather than into industries for which such skill-relatedness linkages are weak." Explain the above statement using a relevant theory and provide FIVE (5) main arguments in your answers.
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- 1. Explain the reasons why a manufacturing firm or a service firm will outsource a product or a service when it could have done that by itself. With appropriate examples explain the firm might do otherwise 2. A distinctive competency is a competency unique to a business organization, a competency superior in some aspect than the competencies of other organizations, which enables the production of a unique value proposition in the function of the business. Discuss with one relevant example each fives areas of distinctive competency that a build could focus on to build a competitive advantage 3.A fast-food restaurant serves hamburgers, cheeseburgers, and chicken sandwiches. The restaurant counts a cheeseburger as equivalent to 1.25hamburgers and chicken sandwiches as 0.8 hamburgers. Current employment is five full-time employees (who work a 40-hour week). If the restaurant sold 700 hamburgers, 900 cheeseburgers, and 500 chicken sandwiches in one week, what is the productivity? What would…How can Goodwill use ratio analysis to improve its operations? What three specific ratios doyou suggest that Goodwill use in its analysis to help improve its operations. Why do yousuggest the use of these three ratios?106- How can one illustrate the idea of synergy in strategy: a. 2+2=5 b. The sum of the parts is greater than the whole c. Both A and B d. Neither A nor B
- See if you can identify the value chain relationships that make the businesses of the following companies related in competitively relevant ways. In particular, you should consider whether there are cross-business opportunities for (a) transferring competitively valuable resources, expertise, technological know-how, and other capabilities, (b) cost sharing where value chain activities can be combined, and/or (c) leveraging use of a well-respected brand name. LO8-1, LO8-2, LO8-3, LO8-4 Bloomin’ Brands Outback Steakhouse Carrabba’s Italian Grill Bonefish Grill (market-fresh fine seafood) Fleming’s Prime Steakhouse & Wine Bar L’Oréal Maybelline, Lancôme, Helena Rubinstein, Kiehl’s, Garner, and Shu Uemura cosmetics L’Oréal and Soft Sheen/Carson hair care products Redken, Matrix, L’Oréal Professional, and Kerastase Paris professional hair care and skin care products Ralph Lauren and Giorgio Armani fragrances Biotherm skin care products La Roche–Posay and Vichy Laboratories…(3)“Companies have relied on their operations functions not only to maintain day-today operations, whichhas itself been challenging, but also to position the business to survive, grow and remain competitivein the post-pandemic world”. Considering this statement, discuss the measures that organisationsshould embrace to remain ahead of their rivalriesWhich of the following is NOT a reason to outsource non-critical activities? Question 3Answer a. Lower costs b. Increase competitive responsiveness c. Increase internal bureaucracies d. Flatten organization strategy
- 4.- What is McDonald's competitive strategy against other competitors?22) Which of the following is true regarding diversification? A) Diversification is classified into related diversification and unrelated diversification b) Firms diversify to achieve some performance objectives c) Diversification is the entry of firm or business unit into new lines of activity, either by processes of internal business development or acquisition, which entail changes in it administrative structure, systems and other management processes d) A and B e) A and B and CUsing relevant strategic models/tools (PESTEL and Porter’s 5 Forces Competitive Strategy), discuss the impact of external forces on massy distributors in jamaica . Critically evaluate the structure of its industry and discuss the implications for the company. (Approximately 900 words)
- 1. What kinds of industries tend to be better performers in the medium to long term? Why? What kinds of industries tend to do poorly in the medium to long term? Why? 2. Can you make the claim that some industries are inherently more profitable than others? Provide arguments and examples to justify your response. 1 What kinds of industries tend to be better performers11) Which of the following questions is appropriate as a measure of corporate strategy? a) What does the company’s stock price reflect with regard to the diversification strategy? b) How do we reduce the lead time in manufacturing a product? c) Should we offer a rebate or free delivery in marketing and pricing a product? d) Within a business should we follow a low cost or a differentiation strategy?“The actions of newer competitors, many of which were entering the electronics market for the first time, were underestimated. This rapidly changing industry was signified by better quality products with higher reliability and value for money. Many of the competitors, particularly from Japan, had advantages over Philips and this was particularly marked in TV sets, a traditional Philips marketplace.” In the context of this statement, critically discuss the impact of the task environment factors on the business strategy of Philips, and advise the management on how to apply the Porter’s Five Forces Model to analyse the competitiveness of the organisation.