Why might a specific replacement CEO candidate be a good or poor choice for a firm with an existing mission and vision?
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Why might a specific replacement CEO candidate be a good or poor choice for a firm with an existing mission and vision?
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- When doing a strategic analysis of a company's financial situation, it is important to take into consideration A) only the financial situation of the focal company, without comparing it to competitors. B) the footnotes in the financial statements that may reveal hidden risks and assumptions. C) trends in the company's financial ratios and how they compare to industry figures D) top management's rationalization for the company's past financial performance E) how outside investors evaluate the company's financial healthHow do i make recommendations to a MD on how to stratergise for competitive advantage and thus achieve company success through making wedding event offerings more attractive compared to other comopanies?You need to pick a company for your strategic renewal analysis. It should be a company that has room for improvement - don't pick a company that's doing really well. It should either be a public company or a company that we know about or can easily learn about. That's so that when you post ideas later in the course it's easy for your group to provide feedback. I strongly recommend you do not do your own company (students tend to be too granular with their own company.) If you have questions about which firm to choose, reach out to me. This deliverable is just a paragraph. List the company and tell me why you choose it
- You work at a company whose primary product is a software program that caters to the restaurant industry by providing a basic CRM for reservations and operational logistics. The software uses some predictive data analytics, but, for the most part, does not leverage genAI. According to what we have learned so far, how would you begin to think about what your company's strategy should be in the next five years? Group of answer choices Research genAI and abandon the current software in favor of a genAI product that uses the current best-in-class tech, no matter the cost. Immediately pursue sale of the company to a restaurant conglomerate. Think about/map out internal and external factors that may affect the company, including potential threats to the industry (such as genAI) and company-specific sources of competitive advantage.Consider this statement: “Japanese corporations typically involve many more organizational levels and people in the development of implementation plans than do U.S. corporations.” Is this type of strategy always appropriate? Does the company you work for (or a company where you have worked in the past) employ this type of strategy at the implementation stage? Explain. If the answer is no, would your company (or a company where you had worked in the past) benefit from implementing such a participative strategy? Elaborate on your response. Alternatively, or in addition, you may research an actual corporation to further develop your response.Answer the question in paragraph format What strategy should an entrepreneur employ when selecting a personal board, an advisory board, or a board of directors?
- What business recommendations would you share with the company as it proceeds forward? Should it consider accepting the offers? If so, would certain conditions apply?how to explain the projected financial performance of the company?The obligations of an investor-owned company's board of directors in the strategy-making, strategy-executing process include A) taking the lead in developing the company's business model and strategic vision. B) coming up with compelling strategy proposals to debate against those put forward by top management. C) taking the lead in formulating the company's strategic plan but then delegating the task of implementing and executing the strategic plan to the company's CEO and other senior executives. D) overseeing the company's financial accounting and financial reporting practices and setting CEO compensation. E) approving the company's operating strategies, functional-area strategies, business strategy, and overall corporate strategy.
- A proposed business (ice cream) should candidly evaluate the prowess, or ability, of its management team to satisfy itself that management has the requisite passion and expertise to launch the venture? Two of the most important factors in this area are:a) The passion that the sole entrepreneur or the founding team has for the business (ice cream) idea?b)The extent to which the sole entrepreneur or the founding team understands the markets in which the firm will participate?Why does Developing and implementing a portfolio strategy for each business unit and a corporate policy for managing all the alliances of the entire company is necessary for successful alliance portfolio management?Should a new venture have a formal mission statement? Why? What downside or risks might there be without one?