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- What are the proper order of the Seven-Step Process in conducting Strategic Risk Assessment/Management?Select a company ( Henry Ford Hospital) as the subject for your situation analysis assignment. It is advantageous to slect a well known medium - larged sized comapny that readily shares information and ideally a company which you familiar. You have been hired by your selected company as a marketing strategy consultant. Creat a SWOT analysis and also describe how the company can build on its strengths and correct its weaknesses in order to take advantage of one designated opportunity in the market.Explain the competitor analysis for Air Asia company as a part of the situation analysis.
- Is the following statement correct? Ansoff's product-market-matrix has three categories: product development, market development, market penetration. In the following, the model is applied with the car manufacturer BMW. Product development for BMW means creating new products in new markets (eg new BMW car models sold in Africa). Market development implies expanding into new markets with existing products (eg BMW expands to Africa). Market penetration increases revenue in present markets with existing products (eg promotion of an established BMW car model). Please choose an answer: True Not correctValue Chain; Strategy Map; Role in Corporate Alliances A recent report of the consultingfirm McKinsey & Company indicates that about one-half of all corporate alliances fail. These alliances are partnerships in which two corporations jointly participate in one or more of the activities inthe industry value chain. A good example, provided by Robert S. Kaplan and David P. Norton (creators of the balanced scorecard and strategy map), is the alliance between the European pharmaceutical company, Solvay, and U.S.-based Quintiles, a company that specializes in the conduct of clinicaltrials for testing potential new drugs. Solvay’s strategy is to employ its research-driven organizationto develop and market new drugs. One of the steps in Solvay’s value chain is to complete the testingrequired by the U.S. Food and Drug Administration. Rather than divert its operations from research,Solvay has partnered with Quintiles. Realizing that they both benefit from the success and growth ofSolvay’s…please Draw a decision tree for the above company and write down the REVENUES and COSTS at the end of branches.
- How can the identified opportunities be used to address the company's weakness?Evaluate potential solutions Show thoughtful and complete consideration of each proposed solution’s pros and cons.Once you have performed your feasibility analysis, it is important to determine that a new venture is feasible in regard to the industry and market in which it will compete. To do so, an entrepreneur must answer which of the following questions (select all that apply) Is the industry easily accessible, meaning is it a viable and practical market for a new venture to enter? Are there universally applicable products or services that can serve across industries, minimizing the need for industry-specific considerations? Are there industry positions with inherent negative attributes? Are there untapped or underserved markets within the industry that present opportunities for innovation?
- In times of Covid 19, XYZ Ltd., a company dealing in car accessories is not happy with their current scenario and want consider alternative approaches. Can you please guide them about what is contingency approach and how will it help them?Discuss significant risk management concerns. What role does risk management play in the creation of company strategy?Why is risk assessment mechanism necessary to resolve the challenges faced by the company?