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- The management of Magic Vision would like to have an efficient supply chain for their high-end eyewear, but unfortunately, they are not satisfied with the performance of their marketing intermediaries in promoting the product. The company decided to sell its products only through its own efforts since its objective is to reach the target sales for the year. Do you think that the owner's decision is an effective strategy? If yes or no, justify your answer.When using the strategic management process, firms should start by A) developing a strategic vision, mission and values. B) developing a proven business model, deciding on the company's top management team, and crafting a strategy. setting objectives, developing a business model, crafting a strategy, and deciding how much of the company's resources to employ in the pursuit of sustainable competitive advantage. C) coming up with a statement of the company's mission and communicating it to all employees, setting objectives, selecting a business model, and monitoring developments and initiating corrective adjustments to the business model when necessary. D) deciding on the company's board of directors, setting financial objectives, crafting a strategy, and choosing what business approaches and operating practices to employ.The management of Magic Vision would like to have an efficient supply chain for their high-end eyewear, but unfortunately, they are not satisfied with the performance of their marketing intermediaries in promoting the product. The company decided to sell its products only through its own efforts since its objective is to reach the target sales for the year. Do you think that the owner's decision is an effective strategy? If yes or no, justify your answer. Note: please don’t repeat answer, the 1st answer was not helpful
- Is TransDigm’s growth strategy sustainable? Why or why not? What recommendations would you make to TransDigm’s CEOExplain QVCs current mission, objectives, strategies, and policies. Indicate if they are clearly stated or are they barely implied from the performance.A. Identify strategic IT applications for an organization?B. Demonstrate the importance of business objectives and goals? C. Explain the concept of IS outsourcing? Explain the three categories of Earl’s framework for IS strategic planning success?
- Analyze the industry competition conditions faced by Pataka Tea Co., Ltd. Identify the key external factors that affected Pataka Tea Co., Ltd strategic decision. based on porters’ modelIDENTIFICATION: PLEASE PROVIDE AN ANSER ON THE FOLLOWING QUESTIONS. 1. This is a strategy primarily for achieving low-cost leadership among industry competitors 2. This is also known as channels that link the organization to its customer. 3. It determines the means to implement the strategies. 4. This includes both political and legal factors. 5. It is the function responsible for acquiring and evaluating market and consumer -based information for decision making. 6. A respondent can answer these questions in his/her own words. 7. It is the body of the survey questionnaire. 8. It is the stage in the process where the questionnaires are administered to the selected respondents. 9. She/he is the person who tries to convince others of the need for the product/services and influences the purchase decision. 10. It is a status hierarchy in which individuals and group.1) Explain why competitive advantages in technology are temporary and describe the four methods of identifying cempetitive advantages as well as provide a use case for each method. 2) Define critical success factors (CSFs) and key performance indicator (KPIs) and explain how the administration at a college might use a CSF, such as improving graduation rates, to create a list of KPIs necessary to achieve this goal. 3)Explain why competitive advantages in technology are temporary and describe the four methods of identifying competitive advantages as well as provide a use case for each method.
- How would you expect this situation to affect the assessment of Eastern’s financial condition and performance? Although nonquantitative factors may be relevant to a company’s financial evaluation in general terms, the details of this specific situation are not relevant to the firm’s financial condition or performance. Its one-product strategy increases Eastern’s efficiency and will ensure its long-term financial success. Although its profits are declining now, these efficiencies will ensure the company’s long-term success. Eastern’s profits will continue to decline, and the company’s survival is in jeopardy if it does not create a new product with more potential for market growth.Explain why social and environmental sustainability is seen as being of growing importance to businesses. Consider ways in which a company's annual reporting may contribute to embedding sustainability into stakeholder decision-making.Why is Customer Relationship Management important? Provide examples of how CRM can add value to both customers and suppliers.