Question A1 Businesses may be compared using a wide range of criteria, although there are some generally accepted (standard) basis. Examine the different ways in which business size may be compared, with a justification as to which one(s) you think should be the main consideration for a named business.
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Question A1
Businesses may be compared using a wide range of criteria, although there are some generally accepted (standard) basis. Examine the different ways in which business size may be compared, with a justification as to which one(s) you think should be the main consideration for a named business.
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- Required: Create a Competitive Analysis for Hersheys Company Noted: details in the photo attachedQuestion no 1: If you are a manager of a shoes manufacturing company, which strategy you would use to deal with the competitors.Question 2 The Resource-Based View (RBV) theories of organization present on how best to capture and keep competitive advantage—that is, how best to manage strategically. Please read below Dunkin’ Donut VRIO analysis. Coffee for the "Average American" Valuable: Dunkin' Donuts focuses on products and prices that are appealing to the "Average American". By selling common coffee and breakfast items that are priced affordably, Dunkin' Donuts is able to attract a large market share. Rare: Many coffee companies focus on top-quality products, but this also results in higher prices. Dunkin' Donuts' niche in the market is rare because they are trying to appeal to a lower income demographic that is sometimes ignored in the coffee industry. Inimitable and Non-Substitutable: Any coffee shop could choose to start selling cheaper, more basic products and this transition could also be done relatively quickly. Therefore, this capability could be imitated. Organized to Exploit:…
- QUESTION 3Andrew and Simon are prospective entrepreneurs and are soliciting your advice to start their entrepreneurial venture in a profitable industry. Your task is to choose for them an industry you know very well and do an industry and competitive analysis to determine its profitability and advise them accordingly.Question 1 has to do with something NOT being one of the managerial considerations in determining how to compete successfully. 2. A company's strategy concerns (what does it consist of?). 3. The action plan is implemented by management (for what purpose?). 4. The competitive moves and business approaches a company's management is using to grow the business, stake out a market position, attract and please customers, compete successfully, conduct operations, and achieve organizational objectives. It is known as what? 5. The objectives of a well-crafted strategy require management to (do what?). 6. To improve performance, there are many different avenues for outcompeting rivals such as: (know how to compete against rivals). 7. A company's strategy defined as? 8. Every strategy needs what? 9. Question 9 asks which (from a list), is NOT something a company's strategy is concerned with (So, know what it does pertain to). 10. What is NOT a primary focus of a company's strategy? 11. When does…Discussion Questions: Question 1 (a) An effectively formulated operation strategy is critical to the success of a business, agree or disagree? Give reasons for your answer. (b) Suggest two strategies that Cutie Barber Salon could use to achieve the mission outlined in your response to question 1. Question 2 What is the strategic importance of forecasting for a business such as Cutie Barber Salon? What are the possible challenges faced by organizations that do not utilize forecasting in the planning of their operations? Question 3 Discuss two ways in which the barber salon can overcome the challenge of operating successfully in an environment of increasing costs while at same time customers are demanding lower prices.
- Question 04 a) “The practice of investment refers to the buying of a financial product or any valued item withan anticipation that positive returns will be received in the future.” Brief the statement in termsof investment management.b) “How different stage of industry life cycle can motivate fundamental analysis of investmentdecision”. JustifyQuestion Seven 1. Discuss briefly skills every entrepreneur should have and risks with examples. 2. Discuss briefly Financial displine and conduct of every entrepreneur with practical examplesEngineering Management questionWhat may be used as aids in planning
- Question 3 Elaborate on any five impacts of the Internet on competitive forces and industry structure and postulate how IT managers can address these impacts. Full explain this question and text typing work only thanksQUESTION 48 If a social venture decides to deepen its knowledge of the market and focuses on developing and becoming expert in providing the required services it would be ____________. Competing effectively. Scaling down. Scaling up. Scaling deep.Question What is Porter’s competitive forces model, how do organizations take advantage of competitive forces model using IT.