24) Business strategy focuses on two issues, (1) what business to compete in, and (2) how business can be managed to achieve synergy. a) True b) False
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24) Business strategy focuses on two issues, (1) what business to compete in, and (2) how business can be managed to achieve synergy.
a) True
b) False
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- 11) Which of the following questions is appropriate as a measure of corporate strategy? a) What does the company’s stock price reflect with regard to the diversification strategy? b) How do we reduce the lead time in manufacturing a product? c) Should we offer a rebate or free delivery in marketing and pricing a product? d) Within a business should we follow a low cost or a differentiation strategy?You must choose a fast food chain or analyze K. F. C. critically from a strategic standpoint for this topic. For your information, the analysis should cover the following topics and be sent to the CEO of the company. 1. Give a brief description of the organization and mention its mission, vision, and basic values.2. Next, use PESTLE analysis to critically examine how the organization's macroenvironment is affecting it.3. Use Porter's Five Forces Analysis to determine the competitive environment.4. Use the Value, Rare, Imitability, and Organizational Support (VRIO) framework to assess the organization's strategic capabilities.5. Analyze the organization's current plans critically and offer a variety of workable, alternative future strategies that could be adopted by the company. To create strategic possibilities, you must use the Ansoff matrix and Porter's framework for generic strategies.Business Strategy and Policy 7. Discuss the four (4) potential issues within strategic implementation which the group may face. Discuss a remedy for each issue discussed.
- 1. How would the board's increased involvement in the selection of strategies affect a firm's strategic competitiveness? 2. What evidence would you offer to support their position?The common types of valuable resources and competitive capabilities that management should consider when crafting a strategy include A) valuable physical and intangible assets. B) valuable human assets and intellectual capital. C) All of these. D) valuable organizational assets and competitively valuable alliances. E) a skill, specialized expertise, or competitively important capability.1. Use Porter’s Five Forces Model to identify key elements of each competitive force that can impact the firm. a. Evaluate the importance of each element for the organization
- Business strategy concerns A) choosing appropriate internal business processes for a specific line of business. B) ensuring consistency in strategic approach among the businesses of a diversified company. C) selecting a set of financial and strategic objectives for a particular line of business. D) selecting a business model to use in pursuing business objectives. E) strengthening the company's market position and building competitive advantage.1. Analyze Instacart using the value chain and competitive forces models. What competitive forces does the company have to deal with? What is its value proposition?1. what are the benefits of aligning IS/IT with business strategy on Disney MagicBands Parks company 2. why IS development is key to business strategy on Disney MagicBands Parks company
- 4.1) Creating a sustainable competitive advantage may be the most important goal of any organisation and may be the most important single attribute on which each business must prioritise. Explain the importance of managing information for sustaining competitive advantage.Describe some decisions that might be good for an organizations profitability in the short-term, but bad for the organization in the long-termWhat business or organization that you believe effectively exemplifies the notion of "reimagining strategy? Address the following points: Describe the business Explain why you think this entity illustrates the notion of "reimagining strategy." Detail the recommendations you would make in the entity's strategy to create an even better business/corporate strategy Explain what other organizations (business, nonprofit, governmental) could benefit from in adopting the strategy used by the entity you have chosen. Explain how the second organization compares to the first organization you selected for in terms of effectiveness in reimagining strategy.