What is strategy? Why is having a distinct strategy important?
What are the potential consequences for a company without a
distinct strategy?
Outline and detail a PESTEL analysis. What, in your opinion, is
currently the strongest component of the macro-environment? Why?
How has this changed?
What are some tests of a good strategy? How do we know if a
company’s strategy is working? What are some options for a company
if their strategy is not working?
Within the framework of the Five-Forces Model of Competition,
describe industry conditions that would lead to the highest level
of profitability for industry participants. What about the lowest
level of profitability? What are the differences between these two
conditions?
What is strategic planning? Is strategic planning an effective or
ineffective tool for organizations? What elements make for an
effective strategic planning process in organizations?
What is the role of the Chief Executive Officer (CEO) in the
strategy formulation and strategy execution process? Why has their
job become increasingly difficult?
Briefly outline and describe the five generic competitive
strategies. Illustrate a specific example of each generic strategy
in your description.
Briefly outline and describe the five competitive forces that shape
strategy. Which competitive force is the strongest? Why?
What is a value chain? How does a company’s supply chain fit into a
company’s value chain? How did HEB’s supply chain respond to the
COVID-19 Pandemic?
Outline and describe HEB’s crisis management policies and
procedures. Was HEB effective in their crisis response to the
COVID-19 Pandemic? Why or Why Not? What improvements would you make
to HEB’s crisis management policies and procedures?
Strategy is nothing but a series or sequence of steps or a plan to achieve some pre-decided end goals or shared objectives, in this the team is supposed to follow a plan to achieve certain objectives that are beneficial for the organisation as a whole.
Having a distinct strategy is important because internally as well as externally in the market we want to have an edge over others, hence it becomes very important to keep on trying different things and unique strategies so that the outcome is also different which is cost effective as well as resource effective.
Potential consequences for not having a distinct strategy are that the output would always be the same because we cannot keep on trying the same plans and expect a different results. Hence if the company wants to have an edge over its competitors it becomes very important to try distinct strategies.
What is strategy? Why is having a distinct strategy important? What are the potential consequences for...
Chapter 3: Exercises for Simulation Participants If you are participating in a strategy simulation exercise during the academic term, you may be instructed to complete the following exercise. 1. Which of the five competitive forces is creating the strongest competitive pressures for your company? Multiple Choice There is not one competitive force that is strong enough to require a strategy change. Companies should not be concerned with entry barriers; these are always strong enough to prevent new entrants. Any one...
Examining Business Strategy and the Five Forces Model: The Challenges Facing eBay; Time for Changes in Strategy? 1. First, research and create a Porter’s Five Forces Model of eBay in Word, Excel, or PowerPoint format. Use external sources to assist in populating your model. Next, report and analyze your findings, touching on the following questions: 1. What does your five forces analysis reveal about the nature and strength of the various competitive pressures eBay faces? Are the competitive pressures facing...
Tell me wether each statement is true or false: 1.Factors that cause the rivalry among competing sellers to be weak include low buyer switching costs and rival sellers that are relatively equal is size and capability. 2.High labor productivity (especially if the production process has high labor content) is a good example of a manufacturing-related key success factor. 3.Whether the company’s sales are growing faster, slower, or about the same pace as the industry as a whole, thus resulting in...
Identifying external and internal factors serve as the foundation for strategy formulation and policy implementation in organizations. This assignment is designed to aid you in identifying critical internal and external organizational factors. Focusing on a Caribbean company or organization of your choice, do the following: 1. Using Porter’s Five Forces Model to identify key elements of each competitive force that can impact the firm a. Evaluate the importance of each element for the organization b. Decide whether the...
BUSINESS STRATEGY ll Case Study Write-Up #1 is based on the “Skullcandy” case found in Strategic Management textbook (pp. C84). Read the case thoroughly and then respond to the questions found below. Use the models, theories, and concepts discussed up to this point in the course to help analyze and provide a complete understanding of how this industry and the companies in them have interacted over time. Each answer can be presented in narrative form or bullet form, depending on...
QUESTION ONE For a company to gain a competitive advantage, its training has to involve more than just basic skill development. Supporting your work with practical and real life examples, examine the validity of this statement (40 marks) QUESTIONS TWO The recent increase in the number of COVID-19 cases in Ghana has drawn the attention of government and other stakeholders on the need to deploy more health workers, especially front line health workers and contact tracers to identify potential and...
Forrester, NMSU, Exante Financial Services, and Others: Getting Real about Strategic Planning It must be nice to be the CIO of a FedEx, or a GE, or a Credit Suisse, where IT and the business are so tightly aligned you can barely tell the two apart. In such companies, corporate leaders understand that IT is a strategic asset and support it as such. These are places where the CIO is encouraged to spend the majority of his time on the...
Explain what enterprise resource planning (ERP) systems. Outline several of their key characteristics. Describe in reasonable detail how a company leverages an ERP system and how its operations are improved after installing an ERP system like SAP. Explain how a supply chain management system helps an organization make its operations more efficient What is Upstream and Downstream management of the supply chain? Explain the concept of “Supply Network”, its benefits, and how technology made this concept available Explain the difference...
Accounting: The Language of Business Discussion Questions 1. What types of people or organizations are interested in financial information about a firm. and why are they interested in this information? 2. What is the function of the Securities and Exchange Commission? 3. What are the three types of business entities, and how do they differ? 4. Why is it important for business records to be separate from the records of the business's owner or owners? What is the term accountants...
A paragraph why would you choose this position. Posting Date Feb 06, 2020 Job Number 19147567 Job Category Finance and Accounting Location Colombo SH, No. 265 Galle Road, Colombo, Western Province, Sri Lanka Brand Sheraton Hotels & Resorts Schedule Full-time Relocation? No Position Type Management Start Your Journey with Us Marriott International portfolio of brands includes both JW Marriott and Marriott Hotels. Marriott Hotels, Marriott International’s flagship brand with more than 500 global locations, is advancing the art of hosting...