Q.1): Explain why some of the five generic strategies work better in certain kinds of competitive conditions than in others
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Subject: Strategic management
Answer the following questions in a Word file. Use appropriate examples to explain your arguments.
Q.1): Explain why some of the five generic strategies work better in certain kinds of competitive conditions than in others
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- There are a number of techniques employed to conduct an analysis of strategic options fromwhich an organization can choose from to aid its attainment of long term objectives. As staff of a Holdings Company, co-opted into a business development committee, you have been tasked to do thefollowing;a. What is the Boston Consulting Group’s Growth-Share-Matrix (BCG-GSM)b. Present a well labelled graphical illustration of this model (Boston Box)c. Explain each of the four quadrants in this matrix with appropriate strategies that maywork out for each quadrant.Indicate whether or not the organization where you are employed engages in strategic management and planning. If Yes, how has this benefitted the organization? If No, give your perceptions regarding the limitations and why the organization does not engage in strategic management and planning. Q2. Discuss briefly why ethical decision-making is essential in an organization, and the possible effects that ethical violations/unethical behaviours can have on the organization and its stakeholders.IDENTIFICATION: PLEASE PROVIDE AN ANSER ON THE FOLLOWING QUESTIONS. 1. This is a strategy primarily for achieving low-cost leadership among industry competitors 2. This is also known as channels that link the organization to its customer. 3. It determines the means to implement the strategies. 4. This includes both political and legal factors. 5. It is the function responsible for acquiring and evaluating market and consumer -based information for decision making. 6. A respondent can answer these questions in his/her own words. 7. It is the body of the survey questionnaire. 8. It is the stage in the process where the questionnaires are administered to the selected respondents. 9. She/he is the person who tries to convince others of the need for the product/services and influences the purchase decision. 10. It is a status hierarchy in which individuals and group.
- 1. What is the current business level strategy that AdRoll uses? Is this the appropriate strategy? If not, what would you recommend? What other strategies are they using? For example, what types of functional (finance, marketing, management/HR, etc.) strategies are they using? Can you recommend any changes to help the organization? 2. Does AdRoll have a competitive advantage? If so, what is the competitive advantage? Is the competitive advantage a sustainable competitive advantage? Why? If not, why? Strategies & Competitive Advantage AdRoll’s business level strategy was overall low-cost leadership. Before AdRoll was founded, retarget-ing advertisements were primarily used by wealthy customers. AdRoll expanded their target market to include small businesses, retailers, and Fortune500 companies. Furthermore, AdRoll had a heavy emphasis on customer service. The company always made itself available to its customers to gain a com-petitive advantage through ease of use.…The key reasons that an organization should adopt planning and strategic management are to 1/develop a competitive advantage, decrease costs, and increase synergy 2/provide direction and momentum, encourage new ideas, and develop a sustainable competitive advantage 3/develop MB0, encourage new ideas, < and increase profits 4/provide direction and momentum, Increase organizational diversity, and decrease cost Jo 11:07 / GIF ls JIExplain phases of development of strategic management 1. Long-range planing2. Strategic Management3. Strategic (Externally Oriented) planning4. Basic money financial (Budgeting)5. Complex Systems Strategy:
- ‘Business strategy produces long-term plans for the business, taking into consideration plans and possible actions of competitors, the main objective being to position the firm so it has a competitive advantage... If management accounting is to play this role in strategic management, it must provide managers not only with internal, financial information, but also with information, both financial and non-financial, about the environment in which the firm is operating: strategic management accounting’ (Lord, 2007, p.135). Discuss the previous statement, taking in to consideration the following perspectives: b)The appropriateness of the new performance evaluation techniques (such as balanced scorecard and strategic management accounting techniques) to the strategic management accounting objectives in comparison to the traditional performance measures. * please help me to answer this question in details, thanks'Business strategy produces long-term plans for the business, taking into consideration plans and possible actions of competitors, the main objective being to position the firm so it has a competitive advantage.. If management accounting is to play this role in strategic management, it must provide managers not only with internal, financial information, but also with information, both financial and non-financial, about the environment in which the firm is operating: strategic management accounting' (Lord, 2007, p.135). Discuss the previous statement, taking in to consideration the following perspectives: a) The sufficiency of strategic management accounting components in achieving the new firm's roles in comparison to the traditional management accounting. b) The appropriateness of the new performance evaluation techniques (such as balanced scorecard and strategic management accounting techniques) to the strategic management accounting objectives in comparison to the traditional…11. A firm has a product that is not easily replicable and has just received a best product award. Which type of long-term competitive strategy is this firm employing? A:Core competence B:Segmentation C:Cost leadership D:Differentiation
- d. Time consuming and the need to continually develop new capabilities The primary aim of strategic management at the business level is: Select one: t of O a. Maximizing risk to return trade-offs through diversification O b. Achieving competitive advantage estion O c. Achieving a low-cost position O d. Maximizing differentiation of products and/or servicesQ1. Suppose you start a new business (choose-details), then how would you design and prepared a best business plan in this uncertain economic, environmental and technological changes environment? Q2. How are your new business management decisions effects from covid-19, external social and political environment? Critically evaluate that how you would take logical and brainstorming decisions? Q3. Choose any pair of international business organization of your own choice and critically evaluates their products/services under BCG matrix and SWOT analysis based on your learning.Subject: Strategic Management *** Need Asap pls. Thank you. If a firm succeeds in making the customers switch from the competitor's brands to the firm's brands while maintaining its existing customers intact, there will be an increase in the firm's sales. Why/why not?