Yousif and Fahad Enterprises is a Fast food chain in UAE with over 20 outlets in different locations. Managing the customer relationships is one of the key challenges faced by the enterprise. Discuss some of the characteristics of Customer Relationship Management (CRM) that might enable Yousif and Fahad Enterprises manage customer relationships in an organized way.
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Yousif and Fahad Enterprises is a Fast food chain in UAE with over 20 outlets in different locations. Managing the customer relationships is one of the key challenges faced by the enterprise. Discuss some of the characteristics of Customer Relationship Management (CRM) that might enable Yousif and Fahad Enterprises manage customer relationships in an organized way.
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- McDonald’s Global Compensation Practices: This feature explores McDonald’s efforts to develop a global compensation and performance appraisal strategy. McDonald’s, which has over 400,000 managers and senior employees working in 118 different countries, wants its new program to provide some standardization of compensation and performance appraisal for the firm, but at the same time, allow subsidiaries to tailor the program to local market conditions. Discussion Questions 1. What does McDonald’s hope to gain from having a global compensation and performance appraisal system in place? 2. How does the compensation and performance appraisal system introduced at McDonald’s allow managers to take local market differences into account? Why is this type of approach important to employees? 3. How does McDonald’s approach help the company to consider local differences when reviewing the performance of different country managers and awarding bonus pay?Question One Management of AG Travel and Tour has identified two groups of individuals that would be interested in the vacation package consisting of room and board and/or entertainment. The maximum amount that group 1 is willing to pay for room and board is GHC 2500 and for entertainment is GHC 500. For group 2, the maximum amount they are willing to pay for room and board is GHC 1800 and for entertainment is GHC 750. Although AG Travel and Tour is not able to identify members of either group, it does know that each group values the components of the package differently. Assuming there are an equal number of members in each group and that the total membership in each group is a single individual. If the marginal cost of providing the service (room and board and/or entertainment) to each group is GHC 1000.i. How much will the hotel charge members of each group for the vacation package if it could identify the members in each group? ii. How much will the profit for AG Travel and Tour…A new tropical fruit juice product was entering the marketplace. The director of marketing for the company would like to know which advantage should be emphasized in advertisements, and which advertisement is better for sales. Nine cities with similar demographics are chosen, and a different combination of Media and Marketing Strategy is tried. The unit sales of tropical fruit juice for the eight weeks are shown in the two-way table below. Media Marketing strategy Convenience Quality Price Television 492, 630, 559, 447, 480, 624, 547, 444 464, 559, 759, 558, 528, 670, 534, 657 678, 628, 591, 633, 684, 761, 691, 549 Social Media 464, 559, 759, 558, 528, 670, 534, 657 710, 650, 705, 653, 577, 837, 629, 799 705, 585, 527, 499, 515, 566, 710, 547 Newspaper 690, 650, 705, 653, 577, 825, 629, 799 577, 616, 708, 486, 480, 652, 585, 538 803, 583, 825, 597, 813, 564, 708, 615 At the 0.05 level of significance, is there an interaction…
- In recent years, the price of internet data has led to widespread anger in South Africa. Devise a strategy to address the different challenges posed by the market structure in the telecommunication sector with a view to bringing data prices down to lower levels than present and while creating jobs. The trade-offs inherent in your strategy must also be highlighted.When ABC Inc’s new CEO took the position, she emphasized that in order to rescue the company from potential bankruptcy everybody in the company need to pitch in together and join hands to achieve the company’s mission. The CEO was using denotation. utilizing repetition. invoking the collective. posing rhetorical questions.Teletronics reported record profits of $100,000 last year and is on track to exceed those profits this year. Teletronics competes in a very competitive market where many of the firms are merging in an attempt to gain competitive advantages. Currently, the company’s top manager is compensated with a fixed salary that does not include any performance bonuses. Explain why this manager might nonetheless have a strong incentive to maximize the firm’s profits
- One experienced entrepreneur says that when a company provides great service, its reputation benefits from a stronger emotional connection with its customers, as well as from increased confidence that it will stand behind its products. Explain why you agree or disagree with this statement in no less than 1000 words.Alibaba is a Chinese e-commerce firm similar to Amazon.com in the United States. It has increased its power and global influence with strong leadership from its founder, including knowing when to acquire other organizations. For instance, in addition to acting as a platform for buyers to purchase products, it also acquired firms in the delivery and payments industries so it would have more control over the entire process. Alibaba's acquisitions are an example of a) full-line forcing. b) vertical channel integration. c) channel cooperation. d) horizontal channel integration. e) digital distribution.Subject: Manegerial economics & policy Case study: PC World PC World is a major retailer of computers and related equipment in the United Kingdom, calling itself ‘the computer superstore’. The market features much heavy advertising by different types of seller: Time, Tiny and Gateway, who put together their own packages of components under their own names; Dell, which produces custom-made packages as well as standard offers; and retailers like Dixons and Comet which sell a variety of appliances. However, PC World probably out-advertises them all with its regular full-page spreads in the major national newspapers. Because of the nature of the product most of the advertisements feature packages at a special sale price. These packages often include a variety of software, and sometimes items like printers and scanners. The featured computers are highly competitive in terms of price, and include most major manufacturers, like Compaq, Packard Bell, Advent, Hewlett Packard, Apple and…
- Manage Your Health, Inc. (MYH) is a Fortune 500 company that provides a variety of healthcare services across the globe. MYH has more than 20,000 full-time employees and more than 5,000 part-time employees. MYH recently updated its strategic plan; key goals include reducing internal costs, increasing cross-selling of products, and exploiting new Web-based technologies to help employees, customers, and suppliers work together to improve the development and delivery of healthcare products and services Top management have been selected Mr. Tony Prince as the project manager for the Recreation and Wellness Intranet Project. The schedule goal is six months, and the budget is $200,000. Tony has previous project management and systems analysis experience within the company, and he is an avid sports enthusiast. Tony was starting to put the project team together. He knew he would have to develop a survey to solicit input from all employees about the new system and make sure it was…Hyundai has become the fastest–growing automotive brand in the United States by strategically using quality improvement. Which statement is true about Hyundai? * 2/2 Hyundai’s strategies are not related to its mission. Hyundai strategy is based on planning processes to achieve the company’s short-term goals. Hyundai’s mission and values do not influence its organizational culture. Hyundai’s organizational culture is a major determinant to the successful implementation of quality improvement.Among the values John D. Rockefeller emphasized in managing the company he founded was/were (check all that apply): Group of answer choices efficiency centralized organization suppression of competitors cost control 15.ExxonMobil has a centralized, authoritarian culture, echoing the preference for centralized organization of its founder. Group of answer choices True False