In this module 3, you’ve learned about different strategic frameworks, including the PESTEL analysis, Porter’s Five Forces, competitive analysis, situational analysis, SWOT, RBV, and VRIO.
Which strategic framework do you find most useful? How might you use this strategic framework in your personal life or at work?
I found SWOT analysis as most useful tool of strategic framework. It is a strategic framework which helps a person or an organization to identify its strength, weaknesses and to handle opportunities and threats whether in business or in personal life.
I personally found it very significant to execute my career goals and development.
In this module 3, you’ve learned about different strategic frameworks, including the PESTEL analy...
In this module, you’ve learned a lot about monopolies and how they impact prices. In many industries, such as construction and home repairs, prices are set individually for each customer, rather than according to a posted price list. In your initial post to this discussion, address the following prompt based on what you’ve learned in this module: Explain why such firms might be able to engage in price discrimination. If you were hiring such a firm, what should you do...
In this module, you’ve learned a lot about monopolies and how they impact prices. In many industries, such as construction and home repairs, prices are set individually for each customer, rather than according to a posted price list. Explain why such firms might be able to engage in price discrimination. If you were hiring such a firm, what should you do to obtain the lowest possible price?
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...
In this week’s lecture, we learned about the importance of audience analysis and situational analysis, as well as revision and proofreading. For this week’s lesson, you will use your information literacy skills acquired in prior weeks to share the following this week in discussion with your peers: 1) Locate an article about a subject that is of interest to you. It could pertain to a career issue, an academic issue, or a life issue. 2) Analyze the article and identify...
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...
CS 4447 Homework 6 (Due: at 11:59PM on 9/22/2019) Based on the topics we have learned in this module, please read following mini case and answer the questions. For this hw assignment, you need to prepare word or pdf document. Mini Case: Campus Bikes In Chapter 6 (Please see hw 5 description), you learned that Campus Bikes is a popular bicycle shop located near a major university. The shop sells several brands of new bikes, including everything from high-end racing models to beach cruisers....
Project is about "House of Kaviari," and the industry is Caviar Industry. I only want Part.4 "Strategic Performance" BUSINESS STRATEGY ANALYSIS REQUIRES THE FOLLOWING: 1. Identify strategic goals. – A firm's strategic goals drive business strategy and address the key success factors of the industry. Strategic goals often include the vision or mission statement for the business. They should also set the direction and standard for financial and market results against which actual performance can be measured. The two most...
Project is about "House of Kaviari," and the industry is Caviar Industry. I only want Part.6 "Identify Critical Issues and Priorities" BUSINESS STRATEGY ANALYSIS REQUIRES THE FOLLOWING: 1. Identify strategic goals. – A firm's strategic goals drive business strategy and address the key success factors of the industry. Strategic goals often include the vision or mission statement for the business. They should also set the direction and standard for financial and market results against which actual performance can be measured....
Personal Business PlanThe point of this question is writing a personal business planPlease you can choose any type of business you want.(Example: opening a Grocery)"write" Personal Business Plan and highlight how entrepreneurship and innovation could play a role in their personal and career pathsCover all following kind of information1. Name of the company or Business• Select the right name which demonstrate your business activities• The Name which is available• The name is easy to save in memory• Not be in...
Video Transcript: >> And we have the grain, and its mixing with the water. >> As soon as Port City brews one of its four specialty beers it's out the door. >> We are in a fortunate position in that we're selling all the beer we can brew and we struggle to keep up with demand. >> Bill Butcher founded Port City Brewing Company two years ago, tapping into a nationwide boom in craft beers. The growing industry represents only...