The following table shows the value added at e Which of the following value chain steps is leas company's strategic resources and capabilities? Activity Value added ($) A 125 20 100 75 50 ABCDE D
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- QUESTION 5 The resource-based view (RBV) is a managerial framework used to determine the strategic resources a firm can exploit to achieve sustainable competitive advantage. Evaluate on how RBV leads to achieving a sustainable competitive advantage (SCA) and recommend ways to address any shortcomings of the RBV model in achieving SCA.Question 1: Risk Analysis is a critical function of an organization in order to sustain in this ever evolving and transforming world. Today organizational sustainability depends on investing in effective projects that could reap right results. Please reflect on how risk management can improve profitability in an organization.Case study 8.2: Price cuts for medicines Chemists at risk as prices are slashed12 BY NIGEL HAWKES, HEALTH EDITOR Big price cuts on a wide range of medicines and vitamins were promised by the supermarket chains yesterday as 30 years of price-fixing were swept aside. Many popular products, including painkillers, cough medicines, indigestion tablets and nutritional supplements are being halved in price from last night, with reductions of between 20 and 40 per cent on many others. The Office of Fair Trading called it excellent news for consumers but the body representing small pharmacies said that many would close, threatening community services. The big supermarkets trumpeted ‘millions of pounds-worth of savings’ as they competed to offer the biggest reductions. At Asda, a packet of 16 regular Anadin will be 87p, instead of £1.75, and Nurofen tablets will cost £1.14 for 16, rather than £2.29. Reductions at Tesco included a 40 per cent cut in Anadin Extra, to £1.29 for 16, while…
- Question 5 Total Quality Management (TQM) is perhaps the most significant of the new ideas which have swept across the operations management scene over the years. These are TWO reasons for thus: first the ideas of TQM have great perspective attraction for many people - most of us want to achieve "high quality" and secondly, a TQM approach to improvement can sometimes result in dramatic increases in operational effectiveness. Please use Mecerdes Benz or Coke Cola and critically analyze how quality is measured in the organizationQuestion 1 – Case Study Alpha Homes is a private limited company involved in specialist home improvements, with two (2) main products. These are: Garage Conversions (GC) and Extension to Properties (EX). Alpha Homes currently implements the full-costing absorption method in providing price quotes to customers. The company seeks to remain competitive and has an existing policy to price all jobs at budgeted total costs plus 50%. You are the new management accountant, and currently reviewing the cost records, for materials, labour and overheads. Table 1 below indicates the expected costs of “jobs” in both product areas: Table 1 Cost subheads Garage Conversion (GC) Extension to property (EX) Price Quotes (£) Units Construction materials (£) 3500 8,000 Labour (£) 5,500 6,500 Fixed Overheads(£) 1,000 2,000 Variable Overheads(£) 1,000 4000 Required a i) Define and calculate the marginal costs and throughput costs for each unit of GC and EX products, using the…Q1. With the concern of going green, organizations are concerned of making their organizations sustainable. Explain meaning of sustainability and the three pillars of sustainability with an example of a company working on sustainability.
- Section 3 â Question 5 â Case studyCASE STUDY:WalmartFrom its humble beginnings in Bentonville, Arkansas, Walmart has grown to be the world’s largest corporation in terms of revenue. As measured by the Fortune 500 before the 2006 oil price rise, it surpassed such corporate giants as General Motors and Exxon Mobil, the only two other companies to hold this position. On top of that, Fortune named Walmart as the âmost admiredâ company in 2003, the first time the top Fortune 500 company has also had that honour. Reasons for this admiration? Walmart’s constant efforts to lower prices for consumers actually influences the U.S. economy by keeping inflation at low levels and forcing productivity up. Famed investor Warren Buffett calculated that Walmart contributes $10 billion a year to the U.S. economy.Founded in 1962 by Sam Walton, a large part of Walmart’s move to the top of the Fortune 500 ranking resulted…QUESTION 13 There are four general steps in conducting an external environmental analysis starting with scanning of the environment. Briefly, explain all four steps.Question 7. Air conditioning. automatic gearboxes and power steering in cars are just some of the technological advances that originated with individual inventors and small companiesand later incorporated into the big business of automobile manufacturing. These stand as testimony to small businesses and their... A quality B Competition C Technical Innovations D Autonomy
- question 2: Where an organisation is looking to downsize they would be looking for A.outputs to remain the same and inputs to be reduced B.increase both inputs and outputs C.decrease both inputs and outputs, with inputs decreasing at a faster rate D.outputs to increase with little or no increase in inputs quesiton 3: When the number and cost of abour and equipment is used as inputs to calculate productivity, what is the productivity measurereferred to ? A.Total factor productivity B.Single factor productivity C.Multi-factor productivity D.Productivity QUESTION 4 Employee remuneration which is based solely on output without consideration of time spent) is referred to as A.Output based pay B.Numbers game pay system C.Piece rate wage system D.None of the aboveQuestion #2 Case 10.5 Green or Greenwashing? A small business (thirty-five employees) in the highly competitive greeting card business is faced with a challenging issue. The company makes artistic, handmade greeting cards that are sold to local retails stores, who then sell them to consumers. The customer’s base of the retail stores is composed mainly of tourists and other affluent buyers looking for something more unique than what a local supermarket or discount store typically carries. The company markets the card as environmentally friendly, usually with a note on the back indicating the cards are made from 100 percent recycled paper. The cards themselves also have a ruff-hewn quality to them that give a distinctive look and fingertip feel of being recycled and organic. Business has been on a downward trend the past few years. Both the recession and increased competition have cut into market share. The owners of the business (a husband and wife) were recently approached by a…QUESTION 1: Major Case Study RUNNING A BUSINESS FROM YOUR POCKET: THE GHANAIAN DIGITAL REVOLUTION In the serene landscapes of Ghanaian Cities and Towns a question resonates among Ghanaian entrepreneurs: Can you truly run a company from your pocket? While it might seem ambitious, the reality is that many business functions today can be executed using smartphones, be it Tecno, Infinix, or Samsung. These devices, often termed the "Digital Multi-Tools" of our era, have revolutionized the Ghanaian business landscape. With just a touch, these smartphones transform into web browsers, telephones, cameras, multimedia players, and for many Ghanaian businesses, a portal into their corporate systems. The rise of apps tailored for social networking, customer relationship management (CRM), and even local market analytics has made these devices indispensable in the Ghanaian business toolkit. Historically, BlackBerry dominated the Ghanaian corporate scene due to its robust email functionalities,…