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1. Use Porter’s Five Forces Model to identify key elements of each competitive force that can impact the firm.
a. Evaluate the importance of each element for the organization
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- Choose a company and analyze:1. The structure of the company2. The company's strategies. What factors influence the company's strategy?3. The company is Traditional or organic. Why?4. What controls exist within the companyPorter’s model is essentially a structural means of testing the competitive environment of an organization to provide a clear understanding of forces at work. The task of the Strategist is to determine which of these forces are of the greatest importance to the organization. EXPLAIN." strategic Management subject"Porter’s five forces is an analysis strategy for an organization's business environment and is used to identify an organization's competitive positions. Strategic planning managers, marketing managers, sales managers and supply chain managers commonly use this technique when looking at the competitive advantage. Looking at your competitive advantage is important to aligning the operational needs with the business strategies. Scenario You’ve spent the past few weeks analyzing the organization Morgan Stanley, and have learned about its organizational needs. Your next project as manager is to develop a proposal for how the organization can align their operational needs with the organization’s business strategies. This proposal needs to include an analysis so the executive level can understand the past in order to improve the future of the organization.
- 1- What are core competencies of companies? GIVE EXAMPLE 2- What role do dynamic capabilities play in the ability of companies to create competitive advantage in rapidly changing environments? GIVE EXAMPLES PLEASE1. In a paragraph, formulate an analysis about the big lie in strategic planning by Roger L. Martin. 3. What is the big lie in “The big lie in strategic planning” by Roger L. Martin. 3. What is the importance of strategic planning in an enterprise.Strategic Management Porter’s model is essentially a structural means of testing the competitive environment of an organization as to provide a clear understanding of forces at work. The task of the Strategist is to determine which of these forces are of the greatest important to the organization. EXPLAIN.
- Porter’s model is essentially a structural means of testing the competitive environment of an organization to provide a clear understanding of forces at work. The task of the Strategist is to determine which of these forces are of the greatest importance to the organization. EXPLAIN.19 - Which of the following is not a key element of strategic management? a) long-term final result B) Competitive advantage c) Long-term survival D) Coordinating the employees e) Profit above average returnSelect an organization/business of your choice and apply the followinginstructions:1. Provide a one-page description of the organization/business in terms of its strategyand the products and services it offers.2. Provide a one-page description, determine whether or not the organization/business has an explicit relationship management-based strategy.
- I need help Preparing a 500- to 700-word Strategic Systems Thinking Strategy Proposal that identifies 3 key organization strengths and the role they play in identifying and building upon 3 key opportunities that fit your organization’s overall strategy. SWOT Analysis Table Internal or External Helpful Harmful Internal Strengths/Positive These are the internal characteristics that give your facility an advantage. Experienced and compassionate staff * Strong reputation for quality care * Modern and wellmaintained facilities * Specialized programs for different needs * Competitive pricing Weaknesses/Negative These are the internal deficiencies that hinder your facility's performance. High staff turnover * Limited bed availability * Outdated equipment * Lack of specialized services * Inefficient operational processes External Opportunities/Positive These are external factors that present possibilities for growth and development. Increasing demand for long-term…There are so many avenues through which the concepts of strategic management could be appliedin real life.Required: a. With reference to the business model canvas, illustrate how thenine (9) elements interact in ascertaining how a business can sustainably generaterevenues. b. Using an organization of your choice, practically demonstrate your understanding of theorganization’s business model.Write a detailed note on Michael Porter’s competitive strategies with examples describe the necessary steps to implement the strategy