summary on utilizing strategic roadmap modeling to assist small to medium business in strategic development and implementation
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- Q: Discuss about any existing company showing the main issues and give recommendations to someone who want to start his own business.Audi Company's Strategic Approach 1. Analyze the company’s strategic approach and why it works for them 2. Low Cost 3. Differentiation 4. Focused Low Cost 5. Focused Differentiation 6. Explain how they differentiate themselves from their competition 7. Describe their competitive advantage and whether or not it is sustainable 8. Explain how their mission and vison statement support their strategic approach. Use APA formatting guidelines. For this assignment, use no more than 1500 words, excluding titles, footnotes, charts, tables and annexes. Be sure to have at least 5 peer-reviewed sources for your major points.Question: (a) Help Emily and go through each step above. Answer the questions and make a completeanalysis. What is your assessment of the industry? (20 marks) (b) Based on your analysis: How should Emily handle the different forces? What strategicoptions should she consider? CASE 1: STEPS IN INDUSTRY ANALYSIS,There are several important steps in an industry analysis before and after analysing the five forces.Emily wants to start a coffee shop and perhaps even try to grow the business into several outlets.She needs to consider the following steps and questions: 1 Define the industry clearly. Do the actors in the industry face the same buyers, suppliers, entrybarriers and substitutes?i. Vertical scope: What stages of the industry value chain/system?ii. Product or service scope: What products or services? Which ones are actually parts ofother, separate industries? What segments?iii. Geographic scope: local, national, regional or global competition?Emily should consider that many diverse…
- Discussion Post #4 relates to material from Chapter 5 of the Kotler text. A physician in private practice asks you, as a marketing consultant, how to attract more patients. The practice is serving about 10 patients a day and cannot run profitably unless the physician sees about 20 patients a day. What questions would you ask before starting to make suggestions (from Kotler, p. 171)? Explain your logic behind the questions you would ask.Firm’s mission statement can improve and hurt the performance of a firm. Explain the reasons for such argument?Q5. Discuss the Internet marketing possibilities for the product/service in Amazon retail company? Q6. Discuss the use of social media in the marketing of the product/service in Amazon retail company?
- Please answer these question: 1. A standard purchase order is a document that buyers use to communicate the need with suppliers A. False B. True 2. Modern companies use electronic purchasing because it is - A. Cheaper B. Saves time C. More efficient. D. A reduction in overhead costs in the purchasing area. 3. Which statement is the most accurate? A. Purchasing staff are responsible for buying all goods B. Spot buying is some times used. C. Manufacturing staff may ask for certain types of material D. In big companies the three choices are possible purchaseQuestion 3 Logistics, like other functions in an organization, requires a plan to operate against or so-called strategy. Importantly, it should be a part of the one-plan process, whereby each stage of planning is linked to others, so there is traceability of information and data. To start the logistics strategy planning process, the inputs are the business model, business plan, and external communication. In your opinion, describe any FIVE (5) means on logistics that can influence an organization’s strategic financial outcomes.You are playing the role of the divisional manager of the new e-bike division of Fox Factory Holding Corporation. The divisional manager is preparing to request funding to introduce the product and begin sales. Three options have been identified (note that these are fictitious assumptions): • Produce the new e-bike internally, • Outsource manufacturing to another manufacturer, and • License the design to an existing company for royalties on future sales. Summarize the company's financial performance, referencing key data points from the Balance Sheet and the Income Statement available in the Quarterly Results Links to an external site. Identify the highlights and areas of concern.
- 13) Corporate strategy asks which of the following questions? a) Which business should we be in? b) Why should we exit a particular business? c) Both a and b d) Neither a nor bQuestion No 1: Iqra University plans to launch its new campus at Bahria Town Karachi. This campus will facilitate media science and business studies. For a complete setup, the procurement department will have to facilitate a number of purchases including equipment, lab facilities and general items. Develop a procurement strategy for this new campus. You are required to prepare a matrix showing, the nature of purchases, types and requisitions required for the complete setup. Breifly explain your answer. using word/excelQuestion 7 Which of the following statements is true of an effective business mission statement? O 1. It is stated after the details of a marketing plan are developed. O 2. It should define a business in terms of goods and services rather than in terms of the benefits customers seek 3. It is based on an analysis of anticipated environmental conditions. O 4. It is kept confidential from customers and stakeholders.