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- 13. company a has a total of 2.5 revised efe matrix total score and a total of 2.5 within their previous efe matrix score. on the other hand, their previous ife matrix total score was 2.7 and their revised ife matrix total score is 2.9. on this situation, what should be the next step of this organization in evaluating their strategy? a. take corrective actions b. stop the previous strategy completely and create a new one c. compare expected results with actual results d. continue with their existing strategyCase ScenarioIt was another bright sunny Monday morning and as usual we had to meet to decide on our strategy for the week. After waiting for close to 30 minutes, Chairman Michael arrived in the Boardroom and apologized even before announcing his “goodie goo-goo morning” greeting. We all responded cheerfully as we were eager to have him lead the meeting. This time round, it was not the normal business. Usually, he would ask about our targets for the week and strategies for achieving them, as well as assessment of the potential risks and benefits. He informed us that the company’s Board expects new work design by considering the COVID-19 safety protocols so that inasmuch as we strive to keep safe, we do not lose focus of our company’s vision. Ghana recorded its first cases of COVID-19 in March 2020 and since then the business of government, corporate entities and other smaller businesses have been impacted significantly. Although there was a lockdown at a point and restriction of…Case Scenario It was another bright sunny Monday morning and as usual we had to meet to decide on our strategy for the week. After waiting for close to 30 minutes, Chairman Michael arrived in the Boardroom and apologized even before announcing his “goodie goo-goo morning” greeting. We all responded cheerfully as we were eager to have him lead the meeting. This time round, it was not the normal business. Usually, he would ask about our targets for the week and strategies for achieving them, as well as assessment of the potential risks and benefits. He informed us that the company’s Board expects new work design by considering the COVID-19 safety protocols so that inasmuch as we strive to keep safe, we do not lose focus of our company’s vision. Ghana recorded its first cases of COVID-19 in March 2020 and since then the business of government, corporate entities and other smaller businesses have been impacted significantly. Although there was a lockdown at a point and restriction of…
- Starts With a Bang, Ends With a Whimper A faculty member, Kim Green from the Management Department, was asked to chair a major university committee to plan the mission of the university for the next 20 years. Three other senior faculty and seven administrators from across the campus were also asked to serve on this committee. The president of the university, Dr. Sulgrave, gave the commit- tee its charge: What should Northcoast University be like in the year 2020? Dr. Sulgrave told the committee that the work of this task force was of utmost importance to the future of the university, and the charge of this committee should take precedence over all other matters. The task force was allowed to meet in the president’s conference room and use the president’s secretary. The report of the committee was due in 2 months. The task force members felt very good about being selected for such an important team. The team met on a weekly basis for about 2 hours each time. At first, the members were…please help, project management 1. Running Case1 Several people working on the Global Treps Project are confused about their responsibilities for providing content for the new website. The team member in this project include you, the project manager, Bobby, the IT guy, and three people who will run shark-tank-like events in Vietnam, India, and Ethiopia (Kim, Ashok, and Alfreda). The activities in the WBS for the in- house development include the following: 1.3.2.1 Guidelines and templates for events 1.3.2.2 Acceptance of ideas for needed new products or services 1.3.2.3 Custom site for 20 events You and your team also need to provide information for the videos that you are outsourcing. The purpose of these short videos is to show people how to use the site and provide suggestions for holding the events. That activity is 1.3.1.3 Video creation for website in the WBS. You have selected the company that will do the outsourced video creation, and their main contact person is Angela.…In theory, scenario analysis is a process of analyzing future events by considering alternative possible outcomes. Thus, scenario analysis, which is one of the main forms of projection, does not try to show one exact picture of the future. Instead, it presents several alternative future developments. Likewise, the Looking to the Future insert in Chapter 2, namely Scenarios on The Evolvement of National Cultures holds forth that managers must envision different scenarios on dimensions and dynamics of national cultures. Doing so prepares, does the reasoning, helps international managers improve the knowledge, skills, abilities needed to deal with ongoing cultural changes that influence the context of national markets, As noted in the Scenarios on The Evolvement of National Cultures, we focus our attention on four possibilities. Scenario 1: New Hybrid Cultures Will Develop and Personal Horizons Will Broaden Scenario 2: Although the Outward Expressions of National Culture Will…
- Supratim Sarkar (Sarkar), head of Corporate Strategy and Operations at TechVision Pvt. Ltd. (TechVision) – an Indian multinational technology company, was a busy man. As head of the Corporate Strategy and Operations function, Sarkar had to manage various tasks with both short-term and long-term implications. He had to juggle between different activities, including heading a committee to formulate a 5-year plan for TechVision to become a $1 billion company by 2025; preparing an annual plan for 2020-21; reviewing the sales performance dashboard that went out to the CEO every fortnight; identifying sales opportunities on a quarterly basis; managing multiple stakeholders, planning and prioritizing the proposals and bid documentation for large deals; creating a robust tool that captured the sales representatives’ performance, and ensuring sales incentive pay-out happened every quarter; ensuring compliance to sales pipeline management; identifying opportunities for account penetration;…Jaronda is a member of a dance team. As a fundraiser, she and the other members of the team decide that she will use the team's money to buy flowers in bulk, sell the flowers individually to students with her school's permission, and return the team's money plus any profits she makes, What is the MOST accurate name for aronda's role? O A. project manager © B. network facilitator O C data manager O D. systems operatorIn the implementation stage of strategy for any organization, it is essential that the implementation has been conducted effectively as planned. However, the employees of an organization may fail to carry out the strategy as directed. Analyze the possible causes of the problem here and propose a solution for each the causes.
- Is this statement true or false? And why? “Because strategy informs a tactical plan, operational requirements, such as policies, do not need to be considered”"Strategy acts like a Radar of a ship-without it an organization would drift aimlessly toward some unknown destination". DiscussStrategy; Food Producer The Yee-Haw Pickle Company in Park City, Utah, has grown in fouryears to supply 600 retailers nationally. The products include pickles and pickled green beans. YeeHaw’s products are unique for their unusual ingredients, such as wildflower honey used in some oftheir products. The owners of Yee-Haw are considering how to make the company grow. A largediscount store chain with 500 stores wants to add the Yee-Haw product. Required1. What type of strategy, cost leadership or differentiation, should Yee-Haw use?2. Should the owners accept the offer of the large discount chain?3. What are the key factors you considered in answering requirements 1 and 2?