John Francois Stores has experienced success throughout its years of operations. However, there is no one at the organization at present who understands how the organization should be evaluated with the objective of taking corrective action, if required. a. what is the process of strategy evaluation? b. how the objectives are evaluated and what are the challenges that may arise? and how is performace measured
John Francois Stores has experienced success throughout its years of operations. However, there is no one at the organization at present who understands how the organization should be evaluated with the objective of taking corrective action, if required. a. what is the process of strategy evaluation? b. how the objectives are evaluated and what are the challenges that may arise? and how is performace measured
John Francois Stores has experienced success throughout its years of operations. However, there is no one at the organization at present who understands how the organization should be evaluated with the objective of taking corrective action, if required. a. what is the process of strategy evaluation? b. how the objectives are evaluated and what are the challenges that may arise? and how is performace measured
Q4(2). John Francois Stores has experienced success throughout its years of operations. However, there is no one at the organization at present who understands how the organization should be evaluated with the objective of taking corrective action, if required.
a. what is the process of strategy evaluation?
b. how the objectives are evaluated and what are the challenges that may arise? and how is performace measured?
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Q4(a). As an astute entrepreneur who believes in creativity and innovation, Mr. Francois is pondering about manufacturing something, but he has to think carefully about the product to be manufactured. Therefore, he needs to understand what the Value Chain is about as well as the types of strategies that he could utilize to gain a competitive advantage.
What information would you provide to Mr. Francois and his family regarding the Value Chain as they think seriously about going into the manufacturing sector?
Also, what are the possible strategies that could be utilized once the Manufacturing company becomes established? Identify the strategies by name, and provide a brief explanation for each type of strategy suggested. Provide justification for your advice with respect to each strategy.
Q3(c). On the assumption that Mr. Francois is thinking about starting a branch in some foreign country, he will need advice on the types of strategies that could be adopted.
How would you advise Mr. Francois and his family about the best approaches to entering a foreign market considering the type of business that he is engaged in? Provide justification for your advice.
In addition, could you indicate to Mr. Francois and family about the types of experiences that they may encounter which may not be always positive.
Q1. Mr. John Francois, the owner of John Francois Stores has been operating a successful business since 1977. However, he is not fully aware of what strategic management and planning entails. As a trust worthy employee, Mr. Francois has asked you to host a weekend retreat with him, his family members, and selected members of staff so that you can advise them about what strategic management and planning entails as well as how important it is for the organization to engage in strategic management and planning.
What would you say to the members present at the retreat so that they can have a very good understanding of what strategic management and planning entails, and why they should engage in the process so as to maintain the competitive advantage of John Francois Stores?
Identify by name, three (3) strategies that were utilized by John Francois Stores, and for each strategy identified, provide a brief explanation of what the strategy means.
Provide three (3) reasons for each of the strategies identified regarding why Mr. Francois and John Francois Stores were successful with those initiatives.
Identify three (3) types of resources that John Francois Stores possesses and provide a brief explanation for each type of resource identified as well as an example for each type of resource.
Q3(b). Noting the accomplishments of Mr. John Francois as a successful businessman, who is seeking to expand/grow the business, he may need to consider segmenting the products offered into strategic business units (SBUs). As the Consultant, you are required to advise Mr. Francois and his Management Team about the most appropriate model that could be used.
How would you advise Mr. Francois and his Management Team so that they understand clearly how to use the most appropriate model for growing the business?
Q2(b). Based on the existing environment and the situation at John Francois Stores, and as the Consultant hired by the Company:
Suggest three (3) strategies by name that the Company could undertake to maintain a competitive advantage, and provide a brief explanation of what each strategy means.
Also, provide three (3) reasons/justifications for each of the strategies that you selected.
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