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- I'd like you to brainstorm Deciem Company and compare it to Kravebeauty. I'd like you to answer these questions based on the things I wrote below A) our points of indifference: Must be about Deciem company and these may be the things to STOP doing. Thereby freeing up resources for more important things B) competitors' point of indifference: This one must be about our competitor Kravebeauty. There may be opportunities to leverage and exploit value the competitor thinks is important but isn't1. Capabilities that a firm emphasizes and performs especially well while pursuing its vision, are known as competitive advantages. True False 2. Most competitive advantages can be sustained for a very long period of time, if not forever. True False 3. Large firms in the U.S. are most likely to use the dominant business multiproduct strategy. True FalseCompare and contrast Charles Schwab’s and at least one other firm’s responses to disruptive strategic innovation described in the MIT case above. What is the least effective response? What is the most effective response and in which cases does this effective response best apply? https://docs.google.com/document/d/1K72jXR60fPO3lKV2v1j5zBYbXn3FrSmhtSaz2oadyAQ/edit?usp=sharing
- Research and Development: Risk Aversion and Performance Measurement When theeconomic outlook becomes uncertain, some managers look to cut costs in research and developmentto provide a short-term boost to profits. The problem with this strategy is that it reduces the opportunities for new products and product improvements in the coming years, which are necessary forthe long-term competitiveness of the firm. As Intel chair Craig Barrett says, “You cut off your futureif you do not invest.”Required1. What role does risk aversion play in determining the amount to invest in research and developmenton an ongoing basis? How might a firm manage risk aversion so as to continue the desired level ofspending on research and development?2. What type of strategic business unit would you choose to evaluate the performance of the research anddevelopment department? Explain your choice briefly1- Entrepreneurs must set goals that are Specific, Masked, Actionable, Reasonable, Tacy Specific, Masked, Actionable, Reasonable, Time bound Special, Metered, Actionable, Reasonable, Timely Specific, Measurable, Actionable, Relevant, Time-bound 2- According to Mark Cuban, the #1 reason why entrepreneurs fail is Lack of money, lack of energy Lack of brain, lack of hard work Lack of family and professional connections Lack of good idea 3- Starting a new business guarantees freedom True False 4- Who is an intrapreneur? People who are responsible for internal activity in an entrepreneurial venture people who independantly set up big organizations people who take up entrepreneurial activity as part of a bigger organization 5- Successful entrepreneurs have following qualities They are highly emotional None of the above They care too much for self-respect They are very creativeYou are creating or operating your own business (manufacturing, service company). According to what you have studied in the contemporary management course, you are required to. Prepare the company’s vision, mission and values. propose the company's SWOT matrix from your point of view through the SWOT analysis, identify the main grand startegy (strategic trend) whithin each grand startegy ( strategic trend), set the main goals (3 or 4 goals) the company seeks to achieve
- Jill is the CEO of Company K's strategic business unit that makes sound [x systems for home theaters. The current trend that people watch movies on their tablets has made it difficult for this strategic business unit, and there seems to be no foreseeable future that this will change. If Jill used the Boston Consulting Group (BCG) growth-share matrix lens on this strategic business unit, what strategy should she choose? Selected Answer: b. invest for growth Answers: a. allocate more resources for manufacturing b. invest for growth c. hold d. harvest and/or divesti need one or two line answers of each question. 1. What does the word "Data Warehousing" mean? (Another common interview question about business intelligence) 2. What are the main benefits of BI systems? 3. What does the word "granularity" mean in one sentence? 4. What is dimensional modelling, and how does it relate to Business Intelligence? 5. What's the difference between a table of facts and a table of dimensions? 6. Write your thoughts about Business Intelligence, consider what you have learned in this course, list the tools and Techniques used in Business Intelligence.Balanced Scorecard Maloney Corporation manufactures plastic water bottles. It plans to grow by producing high-quality water bottles at a low cost that are delivered in a timely manner. There are a number of other manufacturers who produce similar water bottles. Maloney believes that continuously improving its manufacturing processes and having satisfied employees are critical to implementing its strategy. Required: a. Please create a vision and mission for Maloneys that makes sense for them . b. Please identify, clearly and in your own words, what the Balanced Scorecard measures and its four perspectives . c. Please identify 3 key performance measure (applicable to Maloney Corporation), as well as their corresponding measures and targets, for each balanced scorecard perspective.
- What is the purpose, advantages, and disadvantages of each of the following matrices: SWOT- Strength, Weaknesses, Opportunities, & Threats SPACE- Strategic Position and Action Evaluation (not covered in class; do your research and reading to find out what it is) BCG- Boston Consulting Group IE- Internal/External GS- Grand Strategy QSPM- Quantitative Strategic Planning Matrix Which do you think is/are the strongest of these? Why?Explain to John, based on the information included in the scenario, the key drivers, linkedto what was discussed in the course, that would affect strategic management and decisionmaking in the organization.Please summarize the below so it can become easy to understand and memorize for exam purposes. The below answer belongs to this question (Write a note on how the genetic strategies will change because of IT). The answer to summarize: There are four generic strategies, each often enabled by using information technology and systems. These include low-cost leadership, product differentiation, focus on market niche, and strengthening customer and supplier intimacy. Low-Cost Leadership Walmart keeps prices low and shelves well-stocked using a legendary inventory replenishment system. The system sends orders for new merchandise directly to suppliers as soon as consumers pay. Suppliers can also access Walmart's sales and inventory data using Web technology. Because the system replenishes inventory with lightning speed, Walmart does not need to spend much money maintaining large inventories of goods in its own warehouses. An efficient customer response system directly links consumer behavior…
