_________________ is the central, integrated, externally oriented concept of how a firm will achieve its objectives.
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_________________ is the central, integrated, externally oriented concept of how a firm will achieve its objectives.
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- ________ refers to focusing on core competencies and letting other companies handle remaining business functions. A) Outsourcing B) Scaling C) Supply chain D) Value webs E) External valuation_______ The process of establishing an organization’sgoals and objectives.A pitfall to avoid in pursuing a differentiation strategy is _______________________
- New products, services, methods, and organizational approaches that allow the business to achieve extraordinary returns. This approach is called _______.The application of new ideas to products, processes, and other activities of a business to increase value is _________.Maryann is visiting Germany for the first time and she would like to take some guided tours but doesn’t know what is available. After doing some research, she finds a walking tour of Munich that fits her schedule and budget, imagines herself taking the tour, and decides to buy it. But to be safe, she then asks her friend what she thinks about the tour. Maryann has used the ________ process to make a decision.
- 1. Online sales are highest for: a. B2B products b. B2C products c. B2B services d. B2C services Explain why other options are incorrect.Objectives can be set in areas like________. Select one: a.Capital b.Cost c.Coordination d.All the mentioned options are worngOrganizations may select a ________________ to increase their profits, sales and/or market share. 1 Performance strategy. 2 Growth Strategy. 3 Stability Strategy. 4 Diversification Strategy.
- The Otani Company Inc. is a renowned technological firm. It manages many strategic business units (SBUs) in which each SBU _______.?There are so many avenues through which the concepts of strategic management could be applied in real life. These include; the development of a strategic plan, development of a business plan, development of business case reports, and development of stakeholder engagement plans among others. One key task that is required by the strategist to perform in developing any of the aforementioned documents is the “design of a business model” for the business in question.Required:a. With reference to the business model canvas (as discussed in class), illustrate how the nine (9) elements interact in ascertaining how a business can sustainably generate revenues._______is the outcome of the reconciliation of market requirements and operations resource capabilities a Operations Strategy b. Operations Management c. Operations Locations d. Operations Areas