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- Ethical Question: What would you do? As one of the newer district sales managers for a fast-growing technology company, you’ve asked your salespeople to give you three sales forecasts in their territories for the coming year: (a) optimistic, (b) pessimistic, and (c) most likely. After totaling their three different sales forecasts, you realize that the optimistic forecast will increase sales by nearly 20% in your district, the pessimistic forecast by 10%, and the most likely by about 15%. Your national sales manager has asked each district sales manager to give her their most likely sales forecast for the coming year, so she can assign sales quotas. Your thoughts are that it’s probably best to give her the most pessimistic sales forecast because this should help ensure that she assigns your district a quota that you should easily achieve. If you can exceed your assigned district sales quota by a substantial amount, you’ll probably get a large bonus, and you may even be named district…QUESTION 3 a. There are various models and techniques which one can use to analyse the environment within which a business operates. The most commonly used ones are PESTEL and SWOT Analysis. Describe how the SWOT Analysis works in relation to a company’s decision making.Question 1 - Business With reference to the article above, write an office memo of 400-550 words, discussing the defensive strategy used by Sibanye Stillwater Ltd There are 3 types of defensive strategy: Retrenchment Divestiture Liquidation Discuss which defensive strategy used by Sibanye Stillwater Ltd Case study: Huge job cuts looming for one of South Africa’s biggest employersSibanye Stillwater Ltd. said it might cut more than 2,000 jobs at some gold mining operations in South Africa that are struggling to make a profit. The Johannesburg-based precious metals producer will enter into consultations with labour groups and other stakeholders on the proposed restructuring, which could affect 1,959 employees and 465 contractors at its Beatrix 4 shaft and Kloof 1 plant. The operations aren’t profitable as they are running out of commercially viable ore, and they face rising costs and lower output levels, Sibanye said in a statement. “To allow shafts and operating plants that are no…
- Chapter 18 Concept Check Question 1. What are the 5 types of people identified by W. S. Neff? 2. What is work related stress?Please answer all 3 subparts. 2020 Question 1 (i) The size of the board depends on: i. The size of the companyii. The industry or business sector in which it operates iii. Extent to which activities of companies are subject to regulationiv. The number of board committees A. i onlyB. i and ii onlyC. i, ii and iii onlyD. All of the above (ii) Which of the following statement is correct concerning two-tier boards?A. The management board consists entirely of non-executive directors.B. The supervisory board has the responsibility for risk management and for the preparation of the annual financial statement.C. The management board is led by the Chairman who is the CEO of the company.D. The supervisory board is responsible for managing the company. (iii) Managerial hegemony is best explained in terms of A. The provision of incentives to managers to encourage them to act in unison with the shareholder's interests.B. CEO's dominance in the director selection process and therefore control the…Question 10(a) A strategist has two broad approaches from which he/she can approach the development of strategies through the strategic management approach. Discuss the fundamental differences and similarities between “outside-in” and “inside-out” thinking about strategic management, and their influence on strategy.
- Q3. “The concept of Competitive advantage is as important for non-profit organizations as it is for Profit-oriented ones. Do you agree or not with the statement(Need Question Number 1.4 given at last) A company is only as good as its people. Their skills, education, and knowledge are examples of how human capital contributes to an organization’s success. Investment in human capital heavily influenced the growth of leading companies like Google, Adobe, and IBM. Many companies say it, but investment (and policies and systems) speak to whether a company is truly treating people as its most valuable asset (Wooll, 2021). In the context of this statement, select any organisation that you are familiar with, and act in the capacity of the Head of Human Resource Development, appointed to assist your organisation in effectively implementing various projects for your organisation to continuously adapt to the dynamic business environment and achieve sustainable competitive advantage in the industry. Develop a comprehensive document on various organisational issues, for discussion during your next strategic review meeting. The document should provide…What strategy would you recommend for a small-sized company entering a highly segmented market, each segment with a complex set of needs and spending power? Question B: Imagine that you are the manager of a housekeeping service. Specifically describe how you would use the concepts of (1) scope of the firm, (2) horizontal integration, and (3) vertical integration to build and achieve a competitive advantage over rival housekeeping services.
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