Which of these external factors are critical in the Food and Beverages industry? Please explain.
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An environmental scan is a strategic management process that can be applied to a whole company, a division of the organization, a product line or service, a geographical region in which the company operates. The main purpose is to identify all strengths, which are the internal areas in which the company excel at; opportunities, which are those internal positive factors or situations the company can capitalize on considering its strengths; weaknesses represent critical internal negative factors that should be eliminated or diminished; threats are external negative factors which can block the company from achieving its goals and objectives.
External factors include:
· Legal and regulatory
· Global
· Economic
· Technological
· Innovation
· Social
· Environmental
· Competitive Analysis
Which of these external factors are critical in the Food and Beverages industry? Please explain.
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- Strategic Management is a critical aspect of organizational success, involving the formulation and implementation of long-term goals and initiatives. It encompasses processes such as environmental scanning, strategy formulation, strategy implementation, and evaluation and control. Environmental scanning involves analyzing the internal and external factors that may impact the organization's performance, such as market trends, competitors, and regulatory changes. Strategy formulation entails developing a comprehensive plan to achieve the organization's objectives, considering its strengths, weaknesses, opportunities, and threats. Strategy implementation involves translating strategic plans into actionable steps, allocating resources effectively, and aligning organizational activities with strategic goals. Evaluation and control mechanisms are put in place to monitor progress, Identify deviations from the plan, and make necessary adjustments. Effective strategic management enables…A. What does the following scenario suggest to a company CEO? Sales in units are increasing and average price is increasing. Net operating income is increasing. a. The current business environment (external environmental factors) is improving b. Margin of safety is declining c. The integration between marketing and production is poor d. Variable production expenses have declined B. What does the following scenario suggest to a company CEO? Sales in units are decreasing and average price is increasing. Net operating income is increasing. a. The higher average price is hurting the overall company b. Product quality has declined c. The higher average price is making up for the lower volume d. Variable production expenses have increasedForeign environmental forces often operate differently than domestic environmental forces because A. the two forces do not affect each other. B. the forces are interrelated. C. they typically carry the same value as domestic forces. D. they are easier to assess than domestic forces.
- Implementation of a company’s strategic plan often begins by determining management’s basic expectations about future economic, competitive, and technological conditions, and their effects on anticipated goals, both long-term and short-term. Many firms at this stage conduct a situational analysis that involves examining their strengths and weaknesses and the external opportunities available and the threats that they might face from competitors. After performing the situational analysis, the organization identifies potential strategies that could enable achievement of its goals. Part of this process involves business managers creating budgets to plan for future operations, create benchmarks to measure progress, and maintain necessary accounting controls. The majority of literature that has used examples to describe a master budget have been limited to manufacturing companies. These companies tend to have comprehensive operating budgets and therefore serve as a good starting point in…Strategic management is the cornerstone of organizational success, providing a framework for aligning the organization's objectives with its resources and capabilities to achieve sustainable competitive advantage. It involves a systematic approach to analyzing internal and external factors, formulating strategies, and implementing plans to drive organizational performance and adapt to dynamic environments. Effective strategic management requires a deep understanding of the organization's mission, vision, and values, as well as the competitive landscape and industry trends. By conducting thorough analyses, organizations can identify opportunities for growth, mitigate risks, and capitalize on strengths while addressing weaknesses. Strategic management also entails setting clear goals, establishing key performance indicators, and monitoring progress to ensure that the organization stays on track towards its strategic objectives. Moreover, strategic management fosters innovation and…Your team is about to introduce and lunch a product never seen before in Dominica, an Ultrasonic Pest Repellent, that repels pests (small insects) while causing no harm to your pets, yourself, or any animals in range. The target market is Prisons, Restaurants, and Government Buildings. 1) In three statements, state the market objectives your team wishes to attain with the lunch of this new product. Ensure your objective are written clearly and S.M.A.R.T. ii) List any concerns that may hinder the accomplishment of these objectives.
- My selected company is aboitiz power, can you provide the following information that will be needed for business plan and case study : we want to have a case study about aboitiz power company by providing the details that we need for case study , please explain further the objective, ALTERNATIVES AND ANALYSIS, conclusion and recommendation for aboitiz power case study. INTRODUCTION Background of the study on Global Business Management Time Context of the Study Company Profile: Background / History of the Company Company Performance Statement of the Problem Objectives Areas of Consideration ALTERNATIVES AND ANALYSIS (Cite discussion for each alternative course of action; with advantages and disadvantages for each course of action) RESULTS AND DISCUSSION CONCLUSION AND RECOMMENDATION see attached the link about Aboitiz Power and make a case study about that. 2013-On-track-with-Strategy.pdf (aboitizpower.com) https://aboitizpower.com…Select 3 articles from the top journals you have prepared, analyze the abstracts from the perspectives of "background, topic, approach, conclusion and significance", analyze the titles for their features and reasoning. In the past several decades, great strides have been made to incorporate the ethical and environmental responsibilities into the core culture of today’s business world. With the increased attention paid to such responsibilities, a growing number of firms have explored ‘‘greening’’ (environmental-friendly) initiatives as their competitive strategic weapons. This paper traces the evolution of green supply chain research, synthesizes the past and current research efforts to develop a viable green supply chain strategy, and then proposes promising future research themes related to this strategy. Green supply chain management Sustainability Corporate social responsibility (CSRThis question will be reviewing the ethics, corporate social responsibility and sustainability of google: i. Review the CSR and Sustainability policies of the business. Using relevant models and concepts, like AB Carroll’s, examine the level of ethics and CSR displayed by this company. (Make sure you look for news stories about this business and the CEO). ii. Does the business live up to their vision and values? iii. Do you consider this company as “ethical”? To what extent? Justify your answer. iv. What recommendations can you offer to improve the reputation and image of this organisation? If you believe this company is in fact ethical, analyse and explain the impact its values have. What can other businesses learn from this company?
- Make a decimal outline of any of these topics (choose one only): (a) Impact of CORONA-19 Pandemic on Teaching and Learning, (b) Impact of CORONA-19 Pandemic on Employment, and (c) Impact of CORONA-19 Pandemic on Business.Answer the following case. (1) Identify and explain the corporate governance issues in each case. Support your answer with appropriate theory(s) if any. (2) Give recommendations and justify them to the board of directors. A. CAS Company is operating in the filming sector. The company’s board of director consists of 9 directors; 6 independent directors and 3 executive directors. Michael is the CEO and chairman of CAS. He appointed his personal lawyer and architect to be independent members of the board. During 2019, CAS’s profit had fallen 30% and its share price declined. At the same year, Michael received a $1,000,000 bonus for his work. Institutional investors raised issues related to the company’s overall poor performance and the lack of succession long-term plans for Michael. They commented that CAS is directed by its management.Indra Nooyi, the former CEO of PepsiCo describes how she led an effort to the company being a "better corporate citizen." She advises other companies who wish to adopt a "Performance with Purpose" approach to consider all of the following except: Ensure the company's board of directors support the intiative Hire a Chief Sustainability Officer to oversee all aspects of the initiative Adapt the strategy to accommodate the needs of local markets form partnerships and coalitions with NGOs and other companies
