Which of the following activities is part of strategy implementation? a. Drafting an appropriate vision statement b. Communicating with all employees O c. Measuring the success or failure of the strategy d. Evaluating expected financial returns
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- Question Please answer the question with accurate explanations and examples as per the question. Good business leaders create a vision, articulate the vision, passionately ownthe vision, and relentlessly drive it to completion. Discuss how often shouldan organisation’s vision/mission be changed in light of strategy evaluationactivities. (CLO 2 : Formulate the organisational vision, mission, goals and objectives of theorganisation)Question 1Porter's 5 Forces framework does not give us all answers and may be criticized in many ways. True False Question 2Which one of the following is not a primary task of strategic managers? A. Establishing strategic objectivesB. Developing the steps to follow in implementing operational level plansC. Defining the business and developing a missionD. Developing a strategy E. Implementing and evaluating the chosen strategy Question 3The fundamental role of strategy is to: A. Determine how the firm will make a profit in its industry environment:B. Determine how the firm will deploy its resources to satisfy its short-term financial goalsC. Determine how the firm will deploy its resources to satisfy its long-term goals, given the conditions in the competitive environmentD. Determine how the firm can organize its own activities and achieve dominance Question 4"Industry attractiveness” in the five forces framework by Porter refers to: A. the appeal of the industry to a particular firm…V1 Analyze a selected company, its operations, and its associated industry and evaluate these areas for development of a business plan for growth to increase revenues by 10% over the next five years with ethical financial practices. 1. Recommend three or more well-defined improvements to corporate governance over the internal controls supported with examples of how the recommendations would impact the company's financial statements. The recommendations could be for improvement of sales, justification of opening different markets, or enhancement of current operations.
- 109) Jay Minkoff at First Flavor may use the Boston Consulting Group (BCG) matrix to help him make decisions for his firm. What does he need to understand about the purpose of the matrix and the four categories of the BCG growth-market share matrix? 110) When analyzing its portfolio of businesses with the Boston Consulting Group model, Disney views its movie brand as a star. What does this mean? 111) The BCG matrix is a useful approach to evaluate current businesses. Describe a tool that you could use at a firm to decide how to make growth happen. 112) Briefly describe the four qualities SBU objectives should have. Why are these qualities important?Written Assignment 3Answer the following questions using the guidelines for writtenassignments at the bottom.1Assume you are a marketing manager for Starbucks. Describe thefollowing at Starbucks: essential benefit, core product, and enhancedproduct. Discuss how Starbucks uses different components of its productto create a customer experience and maintain its brand. Be sure youaddress the tangible and intangible aspects of the Starbucks product. (MO3.3, 3.4 and 3.5 )2In your own words, define and discuss each of the following: PenetrationPricing, Price Skimming, Competitor-based Pricing, and Value Pricing. Inyour discussion provide and explain a scenario where each might beappropriate. Executing a Value Pricing strategy is generally viewed asbeing more difficult than the others. Why? How is effective promotionrelated to successful Value Pricing? (MO 3.6)Guidelines for Written Assignmentsâ¢â¢â¢Your answer for each question should be 2-4…Q2. A Medium size local Beverage manufacturing firm has decided to expand operation and its management has hired you as a management consultant to guide the firm in Strategic decisions. In order to promote an understanding and benefits of Strategic management you have planned to deliver a presentation to the firm’s top and middle management? How will perform the task?
- Question 1 Strategy is an action that managers take to attain one or more of the organization’s goals. Strategy can also be defined as a general direction set for the company and its various components to achieve a desired state in the future. Strategy results from the detailed strategic planning process. A strategy is all about integrating organizational activities and utilizing and allocating the scarce resources within the organizational environment so as to meet the present objectives. Discuss the requirements to do a strategy from external and internal analyses perspectives in the case of ONE (1) logistics company after the end of COVID-19 pandemic.Question No.3: Manager’s effectiveness in strategic planning and ultimately operational planning is unlikely to occur unless leaders and managers first understand the purpose of planning and its relationship with the other mission functions. Define strategic and operational planning. Critically discuss this statement.Which manager does the most 'leading'? a) 1st tier b) VP c) CEO d) GM The soda machine broke in this fast food restaurant. This 1st tier manager opens it up, identifies the problem and fixes the machine. This is an example of what skill? a) human b) technical c) conceptual Flag question: Question 3 A manager working in the back office overhears employees discussing their disapproval of next week's schedule. He gets up and goes over to address their concerns. This is an example of what skill? a) technical b) human c) conceptual Flag question: Question 4 This mid-level manager is new to the company. He recently completed his MBA and is ready to bring new insights into the lagging production the company is experiencing. This is an example of what skill? a) technical b) human c) conceptual Flag question: Question 5 As a 1st tier manager you that there is a bottleneck in a particular area. You move one…
- Task: Assume that you have been contracted as a marketing consultant by a sportsorganization, and have been asked to develop and submit a marketing and sponsorship plan tothem. The marketing plan is a comprehensive, written framework for strategically obtainingmarketing objectives. The sport-marketing plan can be written for a single sportproduct/service, a group of products/services, a new promotional strategy, or an entire sportsorganization.The Marketing and Event Proposal should include the following:1. Executive Summary - a condensed overview of the marketing plan2. Introduction - Description of the event3. Marketing Strategies:• A strategy for Market Segmentation: What will serve as the basis forsegmentation, and why? What is the rationale for selecting the target markets?• A discussion of the Product: What is the core product, and what are theproduct extensions? 4. A discussion of the Place the event is held and the means of its distribution.5. A discussion and presentation of…Question Please answer the question with accurate explanations and examples as per the question. Strategic management is all about identification and description of thestrategies that managers can carry so as to achieve better performance and acompetitive advantage for their organisation. Among all the existing processin an organisation, strategic implementation often considered as the mostdifficult stage in the strategic management process. a)Discuss the statement above as to your opinion. (CLO 3 : Perform internal and external analysis in an organisation) Thank you for your afford.Assignment Questions As of May 2018, what challenges had PT faced in recent years? Assess the factors in the internal and external environment that led to those challenges? Analyze the industry competition conditions that PT faced. Identify the key external factors that affected PT’s strategic decision. Develop a SWOT Analysis for PT to help King develop his strategy. Indicate how each of elements from the four (4)components from your SWOT, can be used to enhance PT’s competitive advantage. Each component of your SWOT must have at least three (3) elements If you were Phillip King, chairman of PT, what recommendations – at least four (4), would you make to improve company performance and address the challenges you outlined in question 1. Provide clear justifications for your reasons .