Answered: 48) Which of the following are external…

48) Which of the following are external factors that affect the implementation of the strategy? a) Strategy b) Consumer markets c) People d) Top management

Principles Of Marketing

17th Edition

ISBN:9780134492513

Author:Kotler, Philip, Armstrong, Gary (gary M.)

Publisher:Kotler, Philip, Armstrong, Gary (gary M.)

Chapter1: Marketing: Creating Customer Value And Engagement

Section: Chapter Questions

Problem 1.1DQ

See similar textbooks

Related questions

Q: "strategic planning is providing the long term game plan for a business". explain

A: Concept Introduction Strategic Planning act as an important tool or a roadmap in the organizations…

Q: eflect with regard to the diversification strategy? b) How do we reduce the lead time in…

A: A company's long-term vision is embodied in its corporate strategy, which aims to inspire its…

Q: 5. Explain the porter Five Forces model and the role it plays in strategic planning?

A: Porter's five forces model is a powerful tool that helps in understanding where power lies in a…

Q: The difference between strategy and strategic planning?

A: Planning is future-oriented based on assumptions, whereas strategy is action-oriented based on…

Q: what is strategy and Peter Druckers views on strategic planning?

A: Strategy: Strategy can be simply described as a systematic process which is applied to achieve the…

Q: What is Strategic Management? Define and explain with your own words may cite examples to support…

A: For well-prepared lifestyles and all types of management, management is essential. Successful…

Q: Which of the following strategy levels focus on product development, innovation, integration, market…

A: D is the correct option.

Q: Advise the manager and senior staff regarding the (1) process of strategy evaluation, (2) how the…

A: Strategic management is the process of planning, organizing, monitoring, analyzing, and controlling…

Q: As a manager of an organisation, you may be involved in strategic planning for your organisation. As…

A: SWOT analysis consists of strengths, weaknesses, opportunities, and threats. This analysis is a…

Q: c. Explain the strategic factors that are critical to the Coca-Cola's success. These factors should…

A: Strategic factors are those factors that play a very important role in the success of business…

Q: -Which two elements of SWOT analysis focus on the external environment (provide full answer)

A: Disclaimer: Since you have asked multiple question, we will solve the first question for you. If you…

Q: What is strategy implementation? a) Using operating and executing strategy b) The board of…

A: Above question is answered below in step 2:

Q: 2. Suppose you are a strategic manager of ABC company. You are assigned to formulate a standard…

A: Profitability is a measure of a company’s ability to generate maximum revenue while incurring…

Q: Discuss the 3 levels of strategy formulation and explain what is entitled at the Group or Corporate…

A: Strategy is fundamental to any firm and one of the pillars to long-term success. The strategy…

Q: According to Agency Theory, why do mangers want to diversify? a) To increase risk b) To expand the…

A: Diversification refers to expanding different departments of a business with an aim of increasing…

Q: With a substantive strategic report, how do youshow relationship management, including, Company…

A: This comprehensive strategic research digs into the significance of relationship management in…

Q: b) Using the following Michael Porter's Generic Strategies Model: Advantage Target/Market Scope…

A: Generic competitive strategies are used for business planning and strategy book, it is a framework…

Q: Name 3 of the most desired outcomes in a strategic planning cycle, discuss each strategy...

A: Strategic planning is the language of creating specific business strategies, implementing and…

Q: Who is responsible for strategy implementation? Four types of roles

A: The structure determines the level of organizational flexibility and organizational learning. This…

Q: Write Short Notes on:- a) Evaluating the worth of a Business b) Japanese Culture as a Strategy…

A: a) Evaluating the worth of a business is a crucial aspect, often carried out for various reasons…

Q: 1. Identify the major components of strategic planning, and explain how they are interrelated. 2.…

A: "Since you have posted multiple questions, we will provide the solution only to the first question…

Q: What are the Strategic Marketing Process? give a short description per step.

A: A series of steps followed by an organization to identify, analyze and reach the goal is termed the…

Q: In order to prepare and formulate the strategy, a strategic analysis must be conducted for each of…

A: INTRODUCTION: Strategic management is the process of setting objectives, analyzing the internal and…

Q: A. Describe the tasks of managing the implementation of a strategic IS plan? B. Identify the factors…

A: A. Implementation is the system that turns ways and arranges into actions to accomplish strategic…

Q: Explain phases of development of strategic management 1. Long-range planing 2. Strategic…

A: The phases of development in strategic management typically involve a series of steps and processes…

Q: on the image. Explain how the strategic management process/steps wo

A: Features of strategy: 1. Strategy specifies actions that a company must take in order to achieve its…

Q: Step nine (9) of strategic management process, according to Scarborough et al is…

A: The objective of this question is to identify three key performance indicators (KPIs) for an…

Q: Justify each successful factors for crafting strategy and executing strategy with short example…

A: Note: “Since you have posted a question with multiple sub-parts, we will solve first three subparts…

Q: Strategic “slippage” refers to: a) Maintain strategic momentum despite changes in the environment…

A: Strategic management is the process of planning, organizing, monitoring, analyzing, and controlling…

Q: Strategy: a set of choices for how we will differentiate ourselves with customers and from…

A: In today's rapidly evolving business landscape, crafting an effective strategy is paramount to an…

Q: Critically evaluate the managerial and leadership competencies required to deliver the strategic…

A: Managerial competencies are the abilities, motivations, and attitudes required for a profession, and…

Q: Definition and examples of, 1.Blue Ocean strategy 2.Red Ocean strategy 3.Halal Marketing &…

A: Marketing is needed in every organization for the successful functioning of management. A number of…

Q: Who Needs a Swot Analysis? Select one: a. Product launch and international evaluation of…

A: SWOT Analysis : SWOT analysis is used by a company to evaluate its stand on developing strategic…

Q: What is strategic evaluation and strategic control? Explain the process of strategic evaluation.

A: In different phrases, the strategic analysis or evaluation might be viewed as a way of decisive…

Q: What is Strategy ?

A: Disclaimer: Since you have asked multiple questions, we can solve only the first question for you.…

Q: What is the meaning of strategy and the role of strategy to achieve business objectives and goals,…

A: In the world of business, having a clear strategy is essential for achieving long-term success. The…

Q: discuss the duties of each of the three levels of management when implementing a new strategy

A: Top, middle, and bottom management experts make up the levels of management. These leaders perform a…

Q: Explain Michael Porter generic strategies that provide a good starting point for strategic thinking

A: Porter's five forces are meant for analyzing the competition level for a business. It is taken from…

Q: Q1.what is marketing ? Q2. how marketing process takes place? Q3.how yor will design a cusmtomer…

A: Q1. Marketing: Marketing is described as the set of institutions, activities, and processes to…

Q: Q1(a). Develop a SWOT Analysis of your organization. (aviation industry) Q1(b). Indicate how each…

A: SWOT analysis is the analysis strategy used to ensure business gaols are being met or not. Here,…

Q: Who is Michael Porter? What is his argument as it relates to business strategy?

A: Strategic management is the process of planning, organizing, monitoring, analyzing, and controlling…

Question

48) Which of the following are external factors that affect the implementation of the strategy?

a) Strategy
b) Consumer markets
c) People
d) Top management

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Similar questions

Describe and differentiate the Stages of Strategic Management. - Strategy Formulation - Strategy Implementation - Strategy Evaluation and Control
DISCUSS COMPREHENSIVELY (IN DETAILS), USING RELEVANT BODY OF KNOWLEDGE (FROM LITERATURE) AND PRACTICAL EXAMPLES FROM ORGANIZATIONS WITHIN a country, YOUR UNDERSTANDING OF MGT 530 (STRATEGIC MANAGEMENT) WITH REGARD TO THE FOLLOWING: PLANNING IN STRATEGIC MANAGEMENT. STRATEGIC MANAGEMENT PROCESS. STRATEGIC MANAGEMENT ENVIRONMENT. CULTURE IN STRATEGIC MANAGEMENT. TYPES OF STRATEGIES.
Conduct a SWOT analysis of General Electric: Internal Environment 1) Finance 2) Employees 3) Market Share 4) Product Line and Mix 5) Intellectual Property 6) Locations/distribution 7) Brand 8) Corporate Culture 9) Any other organizational resources External Environment (1) Competitor Analysis (list all major and conduct analysis of one major competitor)(2) Technological (3) Political(4) Legal(5) Economical(6) Social / Cultural Notes: Think critically; provide the reason / why the strength, weakness, opportunity and threat is relevant. Provide 10 total Strengths and Weaknesses with at least 4 Strengths, 4 Weaknesses and provide 8 Opportunities and Threats with at least 3 Opportunities (one must be the product), 3 Threats (one must be competition). Note one opportunity should highlight your product; one threat should address a competitor. Please provide references.
Michael Porter identified different strategies for competing in the marketplace.Conduct further research and then provide an example of an organisation usingeach strategy below, other than those provided in your prescribed material:a) Cost Leadership strategy;b) Differentiation strategy;c) Focus strategy.
READ: CH 2: Corporate Strategies & Marketing DO: Answer the following questions and post on Discussion Board by EOW. Instructor will provide feedback to students as needed. . What is the difference between a for-profit and a non-profit organization? • Explain the four market-product strategies in diversification analysis. • What are the three steps of the planning phase of the strategic marketing process?
What is the difference between business strategy and corporate strategy? Provide examples.
Defi ne the role of business strategy.
Explain by providing two real examples from the market of two companies applying “Push and Pull strategies” (one example company for each strategy)
evaluate the impact of capitecs leadership on the success of the strategy with regards to strategy development
Develop a strategic plan for your business (assigned you in the class) using the nine steps in the strategic Planning process. *
After the SWOT and TOWS matrix, MS company LTD dertmine the strategic option that it will use and they are: 1. Training and development strategy 2. Innovative strategy 3. Differentiation strategy 4. Expansion/growth strategy Discuss how you would implement the strategies in MS.
Select TWO DIFFERENT organizations i.e UNILEVER AND P&G brief SWOT analyses of both the organizations. In the SWOT Identify SEPARATELY at least TWO Strengths, Weaknesses, Opportunities, and Threats EACH for the selected organizations. Based on the SWOT analyses of both the organizations IDENTIFY THREE strategic choices (Such as Market Development, Diversification, Retrenchment Strategies etc.) for each of the organizations. Based on the Developed Strategic Choices, Compare and Contrast the strategic choices of both the organizations. Briefly discuss the PROS and CONS of the Choices for both the Organizations.