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- Do you believe we can practice strategic management strategies to the majority of MSME (micro, small, and medium enterprises)? If so, which of these strategies is appropriate? What are the reasons for this? Please indicate the sources/references you have used and where you got your answers to prove that it was not made just to comply.Linda Henricks is thinking about starting a firm in the home health-care provider industry. When asked by a potential investor if she had studied the industry, Lind replied, “With the aging of the population and the fact that people are living longerthan ever, the home health-care provider industry is so full of potential it doesn’trequire formal analysis.” In what ways will Linda limit her possibilities with the potential investor if her current attitude about the importance of industry analysisdoesn’t change?Now that you have identified a problem, provided a business idea to solve the problem and alsoreflected on your own entrepreneurial characteristics and possible business risks, you are nowgoing to interrogate whether your idea is indeed a business idea or a business opportunity, youwill also analyse the environment to assess whether environmental conditions are favourable foryou to enter into the business world.As with other tasks, you will need to conduct research beyond the textbook in order to completethis task.1. Justify whether your proposed solution/idea meets the characteristics of a successfulproduct or service idea.NB: Refer to characteristics of a successful product or service idea.
- Write a detailed Situation Analysis of DC Entertainment Inc. Include as many facts, data, and industry/market information as possible.6 - Why is it important for a firm to study and understand its internal organization? 7 - What is a business model and how do business models differ from business-level strategies? 8 - How do awareness, motivation, and ability affect the firm’s competitive behavior? 9 - What is corporate-level strategy and why is it important? 10 - What motives might encourage managers to over diversify their firm?1. Could writing a conventional business plan ever cause more harm than good? Explain your answer?2. If you wanted some assistance in setting up and running a new business, you might look at business incubators as a solution. What kind of assistance would you consider the most valuable?3. Given the risks involved in starting any company, should an aspiring entrepreneur investigate all possible failure scenarios and develop action plans to avoid these potential outcomes? Explain your answer.4. How do autocratic, democratic, and laissez-faire leadership styles differ?5. Ethical considerations. Apart from meeting the company’s future talent needs, do managers have a personal ethical obligation to help their employees develop and advance in their careers? Explain your answer.6. What are the advantages and disadvantages of the unstructured organizational model?7. Suppose you are the marketing manager of the credit-card department of a financial institution. Your objective is to support the…
- Most planning involves strategies for growth. Butis growth always the right direction to pursue? Canyou think of some organizations that should havecontraction rather than expansion as their objective?Do you know of any organizations that have actuallyplanned to get smaller rather than larger to increasetheir success?List ways to avoid the following reasons for businesses failure; inability to manage growth , inability to plan for traditional processes, lack of commitment, failure to set and revise goals.The global recession forced thousands of firms into bankruptcy. Does this fact alone confirm that “external factors are more important than internal factors” in strategic planning? Discuss.
- 1 – According to the I/O model, what should a firm do to earn above-average returns? 2 - What does the resource-based model suggest a firm should do to earn above-average returns? 3 - Why is it important for a firm to study and understand the external environment? 4 - What are the differences between the general environment and the industry environment? Why are these differences important? 5 - How do the five forces of competition in an industry affect its profitability potential? Explain. 6 - Why is it important for a firm to study and understand its internal organization? 7 - What is a business model and how do business models differ from business-level strategies? 8 - How do awareness, motivation, and ability affect the firm’s competitive behavior? 9 - What is corporate-level strategy and why is it important? 10 - What motives might encourage managers to over diversify their firm?What are the company’s plans for future growth?1. What do you think are the the ideal business plan implementation steps that shouldbe followed by and entrepreneur? 2. Assuming that you have your own business, what arr your waysto improve its marketing, operational, financial aspects to achieve continous success?