Which is the MOST commonly used measure of corporate performance (in terms of profit)? • ROE • ROI • EPS • DPS 4. When a company determines a competency's competitive advantage, Barney refers to this issue as • value • rareness • imitability • organization Final Exam Answers just a click away MGT 498 Final Exam 5. If performance data and activity reports indicate undesirable performance as a result of inappropriate use of the strategic management process, operational managers must • change the strategic management model. • know about it so that they can correct the employee activity.
The “Five Forces” are external forces that a corporation needs to consider for its business strategy to compete with other in the real world. The “Five Forces” that shape the competition according to Mr. Porter are: 1) Threat of New Entrants, 2) Bargaining Power of Suppliers, 3) Bargaining Power of Buyers, 4) Threat of Substitute Products or Services, and 5) Rivalry Among Existing Competitors. In 2004, Robert Kaplan and David Norton published “Strategy Maps: Converting Intangible Assets into Tangible Outcomes”. Their strategy map provides a systematic way to analyze if the intangible assets are aligned with the critical internal processes. Intangible assets according to Kaplan et al.
Case Discussion Questions – BUS690 Fall 2012 Case 1: Saffronart.com: Bidding for Success 1. Identify the positive and negative effects of the general environment faced by Saffronart.com. 2. Identify the 5-forces of the industry environment. How is Saffronart.com positioned relative to each of them?
Globalization is the key to survival that allow to a company to be competitive and offer diverse services and convenience to consumers. Benchmarking analysis that compares competitive companies with their process and performance metrics to industry requires a comprehensive research. In a successful business, effective tactical development inevitability to manage finance is essential. Financial management is a comprehensive tool that monitors and willpower to improve a company’s success. When I was conducting the research for financial statements, there were many interesting.
After analysing the resources to input, by using their strategy, the company works within four essential frames. They are work, informal and formal organisation, and employees. The model explains that rather that the work is limited to one category, the interaction between categories occurred naturally. Through performing works and tasks, the firm gets system, unit or service as the form of output (Cheung, 2007). The second model is Star brought by Jay Galbraith.
Lesson 3 (3.0 points) 1. Why does doing research help a company succeed? (0.5 points) Doing research helps a company because a strong understanding of the market and the competition is important to a company's
Understand product liability issues and recotnize contractual and non-contractual liability in business transactions. 4. Locate government resources, programs and legislation that impact international trade and investment. 5. Recognize situations in which legal advice should be obtained.
1. What are the chief elements of Redbox’s strategy (Corporate, Business and Functional)? Which of the five generic competitive strategies discussed in Chapter 5 most closely fit the competitive approach that Redbox is taking? What type of competitive advantage is Redbox trying to achieve? Corporate strategies Growth strategies: Concentration: Redbox has remained focused in one area on internal growth.
Question: (TCO 4) Which of the following are examples of functional specialists? 5. Question: (TCO 5) Recruiting salespeople from one's competitors or customers is a fairly widespread practice, because of which of the following? 6. Question: (TCO 5) The most important issue(s) associated with testing candidates is (are) which of the following?
Provide a rich and insightful listing SWOT analysis (with brief explanation where needed) that clearly and accurately reflects thinking through relevant general environment trends, basic industry facts, and five forces of competition, value chain (including financial) analysis. 1. Does Costco successfully carry out one of the five basic business-level strategies? Clearly explain, considering value chain activities and evaluation of criteria of valuable, rare, and hard to imitate attributes. 5 basic business-level strategies: 1.