Can you win a national championship in sports at a university? Yes, indeed you cancompete and attempt to win such a thing - our Men's and Women's soccer teams willtry and do that this year. However, they will need to engage in both tactics and strategyif they hope to succeed in that championship goal. Below select the BEST answer thatdefines strategy and tactics?A strategy is about the long-term and a tactic is about the short-termA strategy is about playing the game well ere a tactic is about defining the gameA strategy is about doing the right things and a tactic is about doing things rightA strategy is about the overall game plan and tactics are about implementing that game planA tactic is about our approach to functions and a strategy is about our approach to operations

Strategy:A strategy is a long-term, high-level plan or series of plans designed to attain certain…

Answered: Can you win a national championship in…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Suppose you are a Marketing Manager of a 5-star Hotel located in Baguio City, Philippines. You are tasked to perform a SWOT analysis to know what are factors expected to affect the company's operations. Examine each situation and identify whether it is a Strength, a Weaknesses, an Opportunity, or a Threat to your company. Answer: S. If the situation refers to a Strength W. If the situation refers to a Weakness O. If the situation refers to an Opportunity T. If the situation refers to a Threat ___1. Excellent staff who are highly trained and very customer attentive. ___2. Business taxes will increase by 3% next year. ___3. The present promotional activities have a great appeal to customers. ___4. Some employees have problems dealing with arrogant customers who give out unfavorable comments. ___5. Sometimes overlook financial issuances of check and deposited cash. ___6. hotel rates are high which contradicts to the company's positioning of "Premium Quality Services at an Affordable…
It is Monday morning and you are browsing the website of your competing firm FAZ, suddenly you noticed that FAZ hired a new director of sales. Presumably, this person will be responsible, among other things, for taking your competitor's sales team to the next level. As long as this person is halfway decent to his job, it won't be long before your sales reps find themselves in an increasing number of competitive deals. This scenario is best related to: Strategic and competitive intelligence professionals O Customers intelligence O Competitive intelligence Competitors' research and development
Provide two recommendations that you think Estee Lauder should taketo strategically advance itself. One should be short-term (6 months – 3 years), and one should be long-term (3 – 5years). You need to thoroughly explain each recommendation, and you need to provide recommended action stepsfor each goal – you are the consultant, so they need your guidance on this. Explain why you are giving theserecommendations and why you think they will help the organization.
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I need some help with my discussion questions this week Topic One - In the book, the NFL is used as an example for industry-wide advertising. Discuss some possible methods of cost-sharing for the 32 NFL teams, and some of the pros and cons of each. Topic Two - Suppose you are the manager of a large automobile dealership that sells a few different major brands of cars. Consider the following scenario and use marginal analysis to determine how to deal with challenges. There is now information available on the internet about how to make a counterfeit “smart key” that will unlock doors of the cars you have in stock in your parking lots. What should happen to the amount of security you have to prevent auto theft? How might you respond? Explain.
Most organizations whether in the public or private sector develop very good strategic plans in paper but they fail in the process of implementation, monitoring, evaluation and control of the strategic plans. Analyze one strategic management model that management can use to facilitate in strategy implementation and one model that they can use for strategy monitoring, evaluation and control critically evaluating the applicability of each model
Given the following payoff table with the profits ($m), a firm might expect alternative investments (A, B, C) under different levels of interest rate. (attached) Assume now that the payoffs are costs answer the following: (a) Using an optimistic approach (maximax), which option would you choose? (b) Using a pessimistic approach (maximin), which option would you choose?(c) If you are a LaPlace decision maker, which option would you choose? (d) If you are a Hurwicz decision maker, which option would you choose with α = 0.2?(e) Using a minimax regret approach, which option would you choose?(f) Using the same probabilities of 0.35, 0.3, and 0.35 for possible interest levels 1, 2, 3 respectively, which decision alternative will minimise the expected cost? What is the expected annual cost associated with that recommendation? g) What is the most the firm should be willing to pay to obtain further (perfect) information (EVPI)? h) Use the alternative method to verify EVPI
SWOT analysis is a strategic planning technique used to help a person or organization identify strengths, weaknesses, opportunities, and threats related to business competition or project planning. Please explain firms may leverage their understanding of RBV when planning ahead through SWOT analysis. Internal External Strengths Internal capabilities that may help a company reach its objectives Opportunities External factors that the company may be able to exploit to its advantage Positive Weaknesses Internal limitations that may interfere with a company's ability to achieve its objectives Threats Current and emerging external factors that may challenge the company's performance Negative
Creative Thinking: TRIX CEREAL (Using Scamper tool to recognize business opportunities) Now we are going to do a scenario activity where you will get recognize business opportunities in a realworld simulation using SCAMPER tool. You are part of a marketing team for the small food company in Turlock, General Mills. Today, your team was given the following task The company wants to expand its market share, and coll-more cereal-but not necessarily as a food product. Therefore, the company now wants your team to generate as many possible alternative uses (besides as a breakfast cereal) for Trix cereal. Specifically, your boss has asked your team to present your ideas to the executive board, which will include prospective investors. Use the SCAMPER chart below to come up with ideas. Cereal website: http://generalmills.com/Brands/Cereals/Trix.aspx SCAMPER TRIX CEREAL S Substitute C Combine A Adapt M Modify/Magnify P Put to other use E Eliminate R Reverse/ Rearrange
ahmed's interest was crick. when he finished university, he wanted to work in a management job. he wanted to do his research project on some aspect of general management and social sciences, preferably for a sports goods manufacturer but had no research idea. he asked five friends, all taking business education degrees, to help him brainstorm the problem. you are requested to use the following problem-solving techniques to generate and refine the research idea in this business scenario. a) the technique of brainstorming b) the Delphi technique
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Use the table below to answer the questions that follow and caculate the Expected Monetary Value(EMV) of the different outcomesDECISION TABLE WITH CONDITIONAL VALUESSTATE OF NATUREFAVORABLE OUTCOME UNFAVORABLE OUTCOMEALTERNATIVES ($) ($)Start a big Company 2,000,000 -500,000Start a small company 800,000 -200,000Build Nothing 0 0Probabilities 0.3 0.7Calculate the following The EMV Maximin criterion Maximax criterion Minimax criterion

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