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- 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.PURPOSE:The concept of creating shared value (CSV) was articulated by Michael Porter and Mark Kramer. They describe it as “Creating economic value in a way that also creates value for society by addressing its needs and challenges. Businesses must reconnect company success with social progress. Shared value is not social responsibility, philanthropy, or even sustainability, but a new way to achieve economic success.”34 This approach to business is especially relevant in today’s business world as the connection between businesses and their customers becomes stronger through social media attention and easy access to information on the internet. Many customers not only care about the product or service value but also want to know how the company operates and what it stands for. From the company’s perspective, it is also very important to understand that not all profit is equal. Porter and Kramer state, “Profits involving a social purpose represent a higher form of capitalism—one that will…QUESTION 3 a. As a sole proprietor of Kutlwano Bottle, you desire to expand its operations to include a Liquor Restaurant. You have instructed the manager to assess whether the external macro environment factors support this idea. Explain the different components, giving examples, of each of the Political, Economic, Social and Technological (PEST) factors that the manager should consider. b. The SWOT analysis method is used to assess an organisation's strategic situation to create effective strategies by matching a company's internal resources with its external environment. Tick appropriate boxes below. Strength weeakness opportunities Threats internal external helpful Harmful
- Life Orientation 2021 Grade 9 7.1 Discuss separately how values and interests are important factors to consider when making a career choice. (2X: 7.2 Name the type of institution from which an individual would typically obtain the following qualifications: 7.2.1 a degree in medicine 7.2.2 a marketing diploma 7.3 Mention a factor that should NOT have an influence on making subject choices. QUESTION 8 - Case Study Read the adapted online article below and answer the questions that follow: TIMES LIVE Schoolboy hospitalised after beating by bully- as classmates film it NIVASHNI NAIR | 06 September, 2016 07:44Q:1 Read the following case and conduct strategic position bring out business model components and competitive advantage. The economy of Pakistan is rift with small-to-medium-sized enterprises (SMES). This simply reflects the entrepreneurial spirit of managers within the country. Ministry of Economic Affairs, Economic Affairs Division Pakistan estimates SMES with fewer than 20 staff make up some 96% of all businesses in and 86% of these have fewer than five staff. Pak-Juices is a local company that produces award-winning spirits and spring water that uniquely utilizes pure water from northern regions of Pakistan. Established in the 2008, by advertising executive and now company CEO Aslam Qureshi, it started exporting in 2013 and today its products are sold in the top restaurants around the world. Significantly, says commercial manager Amjad Khalil, export sales surpassed domestic for the first time in 2015 (full year). There are two ways a firm can grow first organic growth (sell more…QuestionAfter the analysis of your company Microsoft Corporation , please write the following sections in report form: 1. Decision making process of Microsoft Corporation.
- Question 1: During the planning process, if there is a gap between future desired sales and projected sales, corporate management will need to develop or acquire new businesses to fill it. Identify and describe the three strategies that can be used to fill the strategic gap.Q1. What is an ‘ethical dilemma’? Provide one situation where a manager may face this dilemma.question 1 discuss the type of roles that strategic humanresource management must play to assist an organisation to achievecompetitive advantage. Answer should have proper elaborations and examples.
- QUESTION 4 Matilda Oware is an Engineering student with the Kwame Nkrumah University of Science and Technology (KNUST). She has entrepreneurial skills and desires to begin a small-scale business immediately after her bachelor's degree. As a student of Entrepreneurship Development, use the 'Multidimensional Approach to the study of Entrepreneurship' with Ghanaian examples to explain the concept of Entrepreneurship to her.Question no 1: Why do you think the IT Strategy is linked with Business Strategy?Question 7 Which of the following statements is true of an effective business mission statement? 1. It is stated after the details of a marketing plan are developed. ○ 2. It should define a business in terms of goods and services rather than in terms of the benefits customers seek 3. It is based on an analysis of anticipated environmental conditions. 4. It is kept confidential from customers and stakeholders.