Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
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Can Please Help Me: Strategic management/Operations Management
60 minutes only the given time. Wish you could help me.
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- Identify 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?arrow_forwardPlease do not copy and paste from online or printed resources, instead use your own words. Scenario: You work for B&B Import and Export Incorporated, who just acquired a new business, Agro Smart Suppliers, a Canadian distributor of outdoor power equipment such as trimmers, chainsaws, blowers, mowers, log splitters, pressure washers, parts and accessories. As a new division of B&B, your manager has given you the task of laying out a road map to success from an operations management and supply chain perspective?arrow_forwardChoose the correct answer i) Matrix management places a premium on horizontal flows of information and flexibility ii) Trans-national operation merge the two dimension of concern iii) Local organization do not have much autonomy Select one: a. None of the above is true b. Only two option of the above are true c. Only one option of the above is true d. All of the above are truearrow_forward
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