Which of the following skill is most important at top levels of management when dealing with strategic planning? A. Technical B. Human C. Conceptual D. Empirical
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- 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 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…Which of the following is NOT among steps in strategic planning? Question 11 options: A) Define the mission B) Insurance estimate C) Design the business portfolio D) Setting the objectives
- 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?MY COURSE IS STRATEGIC MANAGEMENT Question 1 Cost leadership strategy can allow a firm to earn above-average returns in spite of strong competitive forces in the industry. Discuss how this is possible by addressing each component of the five competitive forces.Question 2 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.Discuss the statement above as to your opinion. CLO 3 : Perform internal and external analysis in an organisation Thank you for your afford.
- 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.Internal Analysis This assignment is based on the NIKE Company In this section, you will study the internal resources, capabilities, core competencies, and value chain of your selected firm 1 Use the VRIO framework to identify the competitive position held by your firm Which, if any, of these resources are helpful in sustaining the firm’s competitive advantage? 2 Identify the core competencies that are at the heart of the firm’s competitive advantage (Remember, a firm will have only one, or at most a few, core competencies, by definition) Submit a report on you findings that is clearly written, well formatted and thoroughly covers this issue Besides addressing each prompt you should justify your answer with significant detail and examine any implications that the issue has on their business strategyQuestion 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 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 1 has to do with something NOT being one of the managerial considerations in determining how to compete successfully. 2. A company's strategy concerns (what does it consist of?). 3. The action plan is implemented by management (for what purpose?). 4. The competitive moves and business approaches a company's management is using to grow the business, stake out a market position, attract and please customers, compete successfully, conduct operations, and achieve organizational objectives. It is known as what? 5. The objectives of a well-crafted strategy require management to (do what?). 6. To improve performance, there are many different avenues for outcompeting rivals such as: (know how to compete against rivals). 7. A company's strategy defined as? 8. Every strategy needs what? 9. Question 9 asks which (from a list), is NOT something a company's strategy is concerned with (So, know what it does pertain to). 10. What is NOT a primary focus of a company's strategy? 11. When does…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.