Which of the following defines what business or businesses the firm is in or should be in? a. National Strategy b. Corporate Strategy c. Business strategy d. Functional Strategy
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Which of the following defines what business or businesses the firm is in or should be in?
National Strategy
Corporate Strategy
Business strategy
Functional Strategy
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Solved in 3 steps
- The SWOT is Select one: a. A business strategy used to summarise the key components of the company strategic environments b. A business or strategic planning technique used to outsource the key components of the company strategic environments. c. A business or strategic planning technique used to summarise the key components of the company strategic environments d. A business or strategic planning technique used to select the key resources of the company strategic environments.Driving-forces analysis typically does not include determining whether forces are acting to make competition more or less intense. O determining whether forces are acting to strengthen or weaken market demand. ○ determining whether forces are acting to cause fundamental changes in industry conditions and/or the industry's competitiveness. ○ determining whether forces are acting to cause industry rivals to shift to a different strategic group. ○ determining whether forces are acting to raise or lower industry profitability.Opportunities and threats in strengths-weaknesses-opportunities-threats (SWOT) analysis can beidentified most readily bya. using value-chain analysis.b. analyzing the industry and the organization’s competitors.c. analyzing the organization’s critical success factors.d. using the strategy map.
- Business Performance Management (BPM) can be seen to be the convergence of Corporate Strategic Planning and Business Intelligence (BI). a) Provide an overview of the key steps within a Corporate Strategic Planning process, identifying any strategic planning techniques that could be employed. b) Describe a suitable BI system that could be used directly by a senior manager to monitor company progress towards achievement of its corporate strategic plan.SWOT analysis is a framework for analyzing the internal and external environment of a company. It consists of strengths, weaknesses, opportunities and threats. According to a SWOT analysis, which of the following is not an aspect that the company's strategy should follow? a. take advantage of their weaknesses b. remedy weaknesses or work around them c. take advantage of the opportunities presented by the environment d. protect the company from threatsSWOT analysis is an acronym used to describe the four quadrants of Strengths, Weaknesses, Opportunities, and Threats for a specific company. SWOT chart is just the start of a strategic analysis, which can help to take a broader view of the company’s strategy. 1- Introduction: about the selected company 2- Write at least 4 Strengths of the internal environment 3- Write at least 4 Weaknesses of the internal environment 4- Write at least 4 Opportunities from the external environments 5- Write at least 4 Threats from the external environments 6- Suggest a strategy from the analysis Note (Company should be Omani, or working in Oman)
- One of the differences between a Business strategy and a Digital strategy is that a business strategy is often a well-established long-term model. In contrast, a digital strategy is dynamic and adaptable. A. True B. FalseOpportunities and threats are: a) identified as part of the firm's tactical planning process. b) factors that are external to the firm but can still affect its performance. C) factors that are internal to the firm and those over which the firm has a great deal of control. d) dealt with primarily in a firm's operational planning process.The strategic management process is: a. A decision-making activity concerned with a firm’s internal resources, capabilities, and competencies, independent of the conditions in its external environment. b. The full set of commitments, decisions, and actions required for the firm to achieve above-average returns and strategic competitiveness. c. A process directed by top-management with input from other stakeholders that seeks to achieve above-average returns for investors through effective use of the organization’s resources. d. A set of activities that will assure a temporary advantage and average returns forthe firm.
- 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…Which of the following is NOT true of a good balanced scorecard? a. It identifies all measures, whether significant or small, that help to implement strategy. b. It uses nonfinancial measures to serve as leading indicators of future financial performance. c. It helps to communicate corporate strategy to all members of the organization. d. It tells the story of a company's strategy by articulating a sequence of cause-and-effect relationships.(a) Business objectives are basic tools that underlie all planning and strategic activities. Required: Enumerate four main objectives of businesses. b) Briefly explain three financial decisions?