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- Which of the following is an important method for implementing strategy?a. Sustainabilityb. Value-chain analysisc. Cost leadershipd. DifferentiationThe aim behind a balanced scorecard is to provide a comprehensive framework for translating acompany’s strategic objectives into a coherent set of performance measures. It allows managers tolook at the business from four (4) different perspectives.RequiredState and briefly explain the four different perspectives of the balance score cardDiscuss the basic features of the Balanced Scorecard.3 - Explainhow the Balanced Scorecard links measures to strategy. At the end of 20x1, Mejorar Company implemented a low-coststrategy to improve its competitive position. Its objective wasto become the low-cost producer in its industry. A Balanced Scorecard was developed to guide the company toward this objective. Tolower costs, Mejorar undertook a number of improvement activities such asJIT production, total quality management, and activity-based management.Now, after two years of operation, the president of Mejorar wants someassessment of the achievements. To help provide this assessment, thefollowing information on one product has been gathered: 1. Express Mejorar's strategy as a series of if-then statements. What doesthis tell you about Balanced Scorecard measures?2. Prepare a strategy map that illustrates the relationships among the likelystrategic objectives.
- Explain in your own words the advantages of “Balanced scorecard” as a strategy performance management tool or a structured report that can be used by managers to keep track of the execution of strategies.Opportunities and threats in strengths-weaknesses-opportunities-threats (SWOT) analysis can beidentified most readily bya. using value-chain analysis.b. analyzing the industry and the organization’s competitors.c. analyzing the organization’s critical success factors.d. using the strategy map.1. A supermarket is looking to implement a decision support system, however management remains unconvinced of the possible benefits of this investment to the company. As the new IS Manager, justify the benefits of this system. 2.. Strategic Information Systems can be considered as one of the competitive advantages of a business. True or False? Justify using three (3) examples
- Nametso Senwelo, founder of Sunflower Desserts, reviewed performance her business andobserved the following for the past financial years: High growth and low market share product offerings. She needs a lot of cash needs but is currently generating little cash She needs to increase the market shareGive Nametso advise on how to grow her company's market share and turn it into a "Star" usingthe BCG matrix.1- Why do companies use the value chain analysis? 2- How does the resource-based view (RBV) explain the role of resources and capabilities in the ability of companies to create competitive advantageRecommend how you will monitor and control the cost focus strategy in Langston Roach Industries, Trinidad and Tobago. This can include financial control and other forms of control like performance reviews, budget analysis and reporting, etc. A complete answer will give insight on the cost focus stretgy, a definition of strategic control and how they plan to move foward with monitoring and controlling this strategy in the business.
- 1. ________ typically deal with tactical issues, which tie strategy to day-to-day operations. A. Executives (vice presidents) B. Employees C. Managers (directors) D. Supervisors 2. ________ issues deal with day-to-day issues. A. Tactical B. Operational C. Strategic D. None of these 3. Customer loyalty: A. Is an employee's obligation to consistently support a company B. Gauges how happy your customers are with your good or service C. Is an important element of poor quality and customer service D. None of theseQ1)A. In which way such categories as Strategy, Organization and Information System are related? B. How IT can improve business processes?1. The performance measurement system should encourage each manager to act in a manner that Select one: a. most positively supports the organization's mission and competitive strategies b. increases his/her performance reward in the form of profit sharing c. reduces the need for informational elements in support of the manager's planning function d. makes the manager's units profits as high as possible 2. Engaging in product design for manufacturability reduces Select one: a. Training costs Preproduction design time Assembly time Yes Yes Yes b. Training costs Preproduction design time Assembly time No No No c. Training costs Preproduction design time Assembly time Yes Yes No d. Training costs Preproduction design time Assembly time No Yes Yes