Question

2-1 2-2 2-3 2-4 Identify and explain the two types of competitive strategy. Identify three or four well-known firms that succeed through cost leadership. Identify three or four well-known firms that succeed through product differentiation. How are the four strategic resources—SWOT analysis, execution, the value chain, and the balanced scorecard-linked in a comprehensive strategic analysis? What is a strategy map and how is it used? What is SWOT analysis? For what is it used? What is the role of the management accountant regarding nonfinancial performance measures such as delivery speed and customer satisfaction? What is a critical success factor? What is its role in strategic management and in cost management? Identify four or five potential critical success factors for a manufacturer of industrial chemicals : 2-5 2-6 2-7 114 2-8 2.9

Answer 1

competitive strategy is According to michael porter devised into 4 types I cost leadership 2. Differentiation leadership 3- cost focus 4. Differentiation focus o cost leadership e producing I cost per unit standardised for price products at a very Sensitive consumers. a. Cost Focus: products of small fulfill the and group Services that of consumers needs 2-2- Firms that succeed through cost leadership Strategy 1 Walmart 2. McDonald's 3. South west Airlines { w Ikea product differentiation Firms that through socceed 1. Apple 2. Nike 3- Whole Foods Market 4 colgate

u well enables a firmé SWOT analysis, execution value chain and balanced scose cold are all liniced in a comprehensive strategic analysis in that Swot allows osganisation to identify their strengths, weaknesses, opportunities and threats value chain enables firms to identify Certain Steps reajuised to provide a Sesvice, and balanced Scose card accounting report includes the firm's reitical success factors in All Strategic critical success Comprehensive resources are necessary factors which in turn Strategic analysis. identify formulate a 2-5 that is being used to pursued A strategy map is a dicaram document primary Strategic goals by an organisation : designed strategy map, every your overall strategy and with a well known employee can know where they fit in. 26. Svoor SWOT analysis is a strategic planning technique used by an ofganisation to assess their strengths, weaknesses, opportunities and their threats.

27 The role played by management accountant regarding non financial performance such as delivery and customer Satisfaction are crucial for opganisation to speed up their targets example Sales. Manager has to follow up regular and post delivery, he has to Regarding the product service delivery in time take feedback from customers. critical success for an element organisation to factor that is achieve is a management term necessary for an its mission Role of critical success factor in Management increases Sustainability Olgarisation in master Strategic of an Role of reduces increases critical success factor in Cost Management cost of a product which in turn productivity of an organisation. 2-9 potential critical manufacturer of success factors an industrial for an Chemical includes: I 2. 3. 4. 5. 6. cost ý price Quality of Chemicals speed of delivery location and cost of storage Reaseasch and development Modernisation of production and processing facilities.
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