Principles of Management
OER 2019 Edition Edition
ISBN: 9780998625768
Author: OpenStax
Publisher: OpenStax College
expand_more
expand_more
format_list_bulleted
Related questions
Question
Transcribed Image Text:QUESTION 4
(20 Marks)
Discuss what stakeholders are, and Who are the key stakeholders (internal and external), and what functional roles they play
that drive value at SA20, starting with Graeme Smith.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by stepSolved in 2 steps
Knowledge Booster
Similar questions
- Using the scenario attached below: Answer: 2. Identify and discuss one (1) internal and one (1) external driver, (as provided below) which Maria should consider as part of her strategic planning exercise relative to the case presented. Internal Drivers with definition1. Profits & Revenue • Key factors in strategic change which are necessary to maintain a sustainable level organisational growth. • Profits and revenue serve as an indicator of successful strategic management.2. Mission • An organisation should be driven by the overall mission which addresses the question “What is our business?” • Changes in the mission will result in changes in organisational focus. 3. Vision • A vision statement serves as the roadmap by answering the question “What do we want to become?”4. Political Environment • An internal political environment can serve as a major strategic driver because it directly impacts strategy, strategic planning, decision-making and those in charge of ensuring strategic…arrow_forwardQ2. Murad has been directed to study the forces close to a company that affect its ability to serve its customers, such as the company, suppliers, marketing intermediaries, customer markets, competitors, and publics. In this instance, Murad has been directed to study the of the company. A) macroenvironment B) microenvironment C) technological environment D) demographic environment E) political environment F) All ANSWER: Explanation:arrow_forwardQ1) Build an Ansoff Matrix for Plant Eggs by Nabati Foods. Recommend ONE (1) strategic alternative for each matrix. NOTE : KINDLY PLEASE refer to the attchemnt for anware the question .arrow_forward
- Q4 principles and how to Resolving Ethical Dilemmas. What are ethical issues andarrow_forwardthe growth in beauty stores, cafes and restaurants at the expense of book stores, CD and DVD stores. BIS Shrapnel’s Retail Property Market Forecasts and Strategies 2012 to 2022 report predicts growth in retail turnover to be 2.9% over the next five years. The report also indicates that online shopping would continue to take market share from bricks and mortar shops, peaking at around 15 to 20 per cent of total retailing. QUESTIONS 1.1 What are the main macro-environmental forces in the above news item?Do these forces/changes represent opportunities or threats for firms? Why?arrow_forwardQ1. Suggest a real mid-sized business that has not already incorporated them into their Ten Principle & Sustainable Development Goals strategies on the United Nations org website. Use publicly available information to profile your chosen business with around 500words. (Example: Mid-sized eyewear manufacturer Warby Parker is situated in New York City. Through its dedication to sustainability and social responsibility, the company has incorporated the Ten Principles of the UN Global Compact into its business practices and strategies. With their "Buy a Pair, Give a Pair" initiative, Warby Parker, for instance, distributes a set of eyeglasses to a person in need for each pair that is purchased. The business has also taken steps to lessen its carbon footprint and gets its components sustainably)arrow_forward
- Descriptive business theory for samsung sustainability?? Kindly tell in detailarrow_forwardQ2. Diagnosing strategic performance symptoms and determining cure(s) for such issues is an organizational necessity. Provide a bird’s eye view of strategic issues faced by India’s Amul and Starbucks and mode of strategic response undertakenarrow_forwardMarketing Strategy at Delta In the mid-1980s, Delta’s market researchers found that customers (particularly business customers) were strongly influenced to choose a particular airline by the airline’s frequent flyer program. Consequently, to motivate customers to choose Delta, they teamed up with American Express (an exclusive arrangement) to offer a special program: customers could receive triple miles if they would fly on Delta and purchase the tickets using the American Express card. How would you evaluate Delta’s strategy? (Good or bad?)arrow_forward
- 2A Tesla's vision is to "create the most compelling car company of the 21st century by driving the world's transition to electric vehicles," while its mission is "to accelerate the advent of sustainable transport by bringing compelling mass-market electric cars to market as soon as possible." Taking this vision and mission statements, develop a 'Hierarchy of Plans' for Tesla.arrow_forwardCB Assignment 5 (Consumer Decision Making) After watching the Consumer Decision Making Presentation, complete the following spread sheet and indicate which brand is most likely to be selected for each of the approaches below. Smart Phones for Smart Phone Attitudes Product Attributes Price Good Reception Screen Size Camera Quality Weight Conjunctive: Product Attributes For Conjunctive use a cutoff rating of 4. For Disjunctive use a cutoff rating of 10. Price Good Reception Screen Size Camera Quality Weight Brand Selected= Disjunctive: Product Attributes Price Good Reception Screen Size Importance Rating 35 25 20 10 10 Camera Quality Weight Brand Selected= A 6 8 8 4 6 35 25 20 10 10 Brand Scores B с 8 7 6 5 A 9 2 7 Minimum Rating =4 (on all attributes) Importance Ra 10 6 3 Brand Scores Rating of 10 on ANY attribute Importance Rating 35 25 20 10 10 Brand Scores C A B D 5 6 8 2 4 D D Lexicographic: Select Best Performer for Most Important Attributearrow_forward1. What is new market demand? 2. List 5 new market demand in business.arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you