In the context of Strategic Management, why is conducting External Factor Audit bring performed prior to assessing the internal factors? Rationalized your answer. (Answer should not be more than 1OO wrds.)
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In the context of Strategic Management, why is conducting External Factor Audit bring performed prior to assessing the internal factors? Rationalized your answer. (Answer should not be more than 1OO wrds.)
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- Which of the following Strategic OM Decicion Elements do you prefer and why? Use example. Goods and services: This includes looking for ways to implement consistency in costs, quality, and resources across all business divisions. Quality Management: Be clear on the customer’s demands and then meet those expectations. Use market research to determine customer needs and batch quality assurance testing on products and services in production. Process and Capacity Design: Design strategies which support all production goals including technology and resources. A value stream map can help determine what processes are necessary and how to keep them running efficiently. Location: In developing a location strategy consider supply chain and how the location will receive supplies, the movement of goods and services internally and to customers, and the role of marketing and public relations in the location choice. Layout Design and Strategy: Consider the placement of desks, workstations, and how…Please assist with the attached question,Why could the decision to adopt AWS cloud be important to Sunlife's data strategy in the context of its data ecosystem? Helpful sources - Article talking about Sunlife choosing AWS cloudhttps://www.itbusiness.ca/news/sun-life-chooses-aws-as-its-cloud-tech-provider/119336 The attached image shows the typical data ecosystem
- . Since we now understand that the acronym VRIO stands for 4 four major parts in a structured approach to competitive advantage; these are Valuable, Rare, Imitable, and organized. All play an integral role in helping us managers understand, identify, and evaluate resources. In your own words, how do you think the VRIO Analysis is used to identify, exploit, and evaluate competitive advantage.?The Robo Company, makers of small engines for lawn mowers, reviews its strategic management process quarterly. Among the areas of review are internal environment assets, which include resources and capabilities to maintain success and grow new ventures to build an advantage over rivals. They frequently use the VRIO tool (valuable, rare, difficult to imitate, and organized to capture value) to assess their resources and capabilities. Two of their resources are their loyal customers and extremely high customer satisfaction, and one of their capabilities is paying above-average wages. They have a large manufacturing plant with older equipment. All engines are built manually, they have an experienced workforce. Customer service is handled by two part-time employees, and they get high ratings. Go-Fast Company is a competitor, also a maker of small engines for lawnmowers. After using the VRIO tool, they listed one of their resources as "loyal customers" and one of their capabilities as…Explain tye IKEAs competitive priorities ?
- Choose the one correct answer. The following are common ways to document understanding of the internal control structure *narratives, ICQ, decision tablesICQ, narratives, internal control checklistflowchart, decision tables, ICQnarratives, flowchart, ICQFlash The Environmental Protection Ag x rd/ColdFusion/student/take.cfm?action%3Dtaking&examid%3D6736&eaid%3D9425208&num3D14 t os Center ship Part 2-54 Course Content - Future Management Test 14. Geographic business in another city, state, or country. is marketing the products or services of your Previous Save Answer Next Frent answer; please select Save Answer if changes have been made.) A 2002-2014 Core Erlucation and Consulting SolutionS(137.21)The Robo Company, makers of small engines for lawn mowers, reviews its strategic management process quarterly. Among the areas of review are internal environment assets, which include resources and capabilities to maintain success and grow new ventures to build an advantage over rivals. They frequently use the VRIO tool (valuable, rare, difficult to imitate, and organized to capture value) to assess their resources and capabilities. Two of their resources are their loyal customers and extremely high customer satisfaction, and one of their capabilities is paying above-average wages. They have a large manufacturing plant with older equipment. All engines are built manually, they have an experienced workforce. Customer service is handled by two part-time employees, and they get high ratings. Go-Fast Company is a competitor, also a maker of small engines for lawnmowers. After using the VRIO tool, they listed one of their resources as "loyal customers" and one of their capabilities as…
- 1. Describes how the traditional measures, such as ROI, and shareholder value measures to properly assess performance of the company. 2. Explain what is balanced scorecard approach? How it be used to develop key performance measures of the company. 3. Why Activity-based costing are important to the company? 4. Explain the process of benchmarking.Braf's Manufacturing (https://www.uncappedmarketplace.gy/vendor/brafs-manufacturing/) You are hired as a consultant by Tokyo Inc. to prepare a report based on the undermentioned criteria. Braf's Manufactoring located in Guyana is apart of the agro-processing sector. Braff Manufactoring produced products such plantain flour, barley flour, tamarind balls and ground nutmeg.) but does not currently operate outside the Caribbean CARICOM region. You will conduct a comprehensive study of the international business environment, that is, the geography, culture, government, history, economics, and politics of a new country, outside of the region, from which you believe the company and its product (s) could operate profitably. Propose a strategy for internationalization. Looking particularly at entry strategies that could be utilized as discussed in the course. You will need to keep in mind the domestic realities of the company and its product (s) by conducting a situation analysis to…Which of the following may drive a misalignment between competitive capabilities and competitive priorities Group of answer choices a Equipment wear & tear b A shift in customers’ preferences c Research breakthroughs d New government regulations e Any of the above