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- create an Operationalplan for a wind farm (wind turbines that produce electrcity) Your operational plan should include key processes,structures and strategies involved in the transformation ofinputs into outputs. Where possible, a transformationmodel may be used to demonstrate this process. Thebusiness approach to planning and management ofproduce and services may also be included. And descriptions of key personnel and the organisationalstructure, employments agreements, etc.From the following, choose which is NOT included in the three ways of determining the kind of structure needed to attain objectives? a. Relation Analysis b. Decision Analysis c. Ratio Analysis d. Activity Analysis11. Strategic planning is beneficial because the organization can ⦁ establish long-term goals that extend 5-10 years into the future.⦁ establish short-term goals that extend one year into the future.⦁ establish goals for next month.⦁ execute directives from the board of directors
- a.) Describe quality and profitability relationship. b.) On the strategic planning, environmental assessment. Pls describe SWOT approach, and identify the similarities and differences of "S", "W", "O", and "T". c.) Describe quality and performance excellence, and compare their differenceIdentify the resources, capabilities and core competencies that would be needed for that business. Resources: Asset that an organization can use when formulating or implementing a strategy. - Tangible: people, money, equipment, location, supplies - Intangible: knowledge, patent, trademark, brand, reputation, training system Capabilities: An organizational and management skill necessary to orchestrate a diverse set of resources and deploy them strategically. This is an intangible. Core competencies: A unique strength within an organization that allows it to differentiate its products and services from those of its competitors, creating higher value or lower costs for its customers and itself. Identify the major costs of the following three ways to start a new business. Start-up Business purchase Franchise What do you think is best way to start up this business (creating a new business, buying an existing business or franchising a business)? Why?From the perspective of a finance and accounting department and as a tactical manager, discuss the effect of the PESTLE Analysis.
- 17 - Which of the steps below are included in gaining a competitive advantage process? i. Identify and classify resources in terms of strengths and weaknesses ii. Combine the firm's strengths into specific capabilities and core competencies iii. Appraise profit potential- Are there any distinctive competencies? iv. Select the strategy that best exploits the firm's capabilities and competencies relative to external opportunities v. Identify resource gaps and invest in upgrading weaknesses a) O I, II, II 138 b) O II, II c) O III, V d) O All of the above1. Describes how the traditional measures, such as ROI, and shareholder value measures to properly assess performance of the company. 2. Explain what is balanced scorecard approach? How it be used to develop key performance measures of the company. 3. Why Activity-based costing are important to the company? 4. Explain the process of benchmarking.A1: Mr. Jonsson was facing some confusion when he first starts the F&B operation. Help him to draw a similar narrowing down analysis (example attached below) focusing on the type of industry selection, market segmentation study and target market study for Hedone restaurant. Restaurants and cafes Franchised chains Food service firms Pizza stores Independent stores Frozen pizza Commercial Manufacturers pizza sauce market Packaged ingredients Existing private labels Supermarkets No private labels
- Which of the following is not true of a resource-based view of a firm? It asserts that a firm's competitive advantages are due to their respective endowment of strategic resources that are valuable, rare, costly to imitate, and costly to substitute. O It does not integrate internal and external perspectives. It includes an internal analysis of phenomengwithin a company, and an external analysis of the industry, and its competitive environment. It does not evaluate a firm's resources in terms of how difficult it would be for a competitor to duplicate them.Business Performance Management (BPM) can be seen to be the convergence of Corporate Strategic Planning and Business Intelligence (BI). a) Provide an overview of the key steps within a Corporate Strategic Planning process, identifying any strategic planning techniques that could be employed. b) Describe a suitable BI system that could be used directly by a senior manager to monitor company progress towards achievement of its corporate strategic plan.Opportunities and threats in strengths-weaknesses-opportunities-threats (SWOT) analysis can beidentified most readily bya. using value-chain analysis.b. analyzing the industry and the organization’s competitors.c. analyzing the organization’s critical success factors.d. using the strategy map.