Then, explain whether you think profit motive is a good thing or a bad thing for society. (4-7 sentences. 2.0 points) 8. Choose a well-known company that you know of, and describe its direct and indirect competitors. Describe at least three direct competitors and three indirect competitors.
Then, explain whether you think profit motive is a good thing or a bad thing for society. (4-7 sentences. 2.0 points) 8. Choose a well-known company that you know of, and describe its direct and indirect competitors. Describe at least three direct competitors and three indirect competitors.
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.
Business Research Report HR: Compensation Strategies and the Recommended Implementation Assessment Code: RWT1 Date: June 20, 2014 Table of Contents Executive Summary 3 Introduction 4 Research Findings 4 Bonus Plans: Incentives to drive employees to success 4 Tuition Assistance: Providing employees the tools to prosper 5 Total Compensation Packages: The value of versatility 6 Recommendations 7 Conclusion 7 References 9 Executive Summary Human Resources has many options available when it comes to determining compensation strategies and what works best for a company. With factors such as cost, what motivates employees to perform, and which non-monetary benefits are most desirable, settling with one particular strategy can be tedious. Breaking up the strategies into distinctive sections can alleviate the enormity of the process and instead help HR to create a more comprehensive package, satisfying a larger percentage of the staff. The purpose of this report is to analyze the below three compensation strategies and recommend which would be beneficial to this company and why they would be favorable. Bonus Plans are beneficial on many levels.
Case Study Question “RUHLING MANUFACTURING COMPANY” “HYDROSUB’S UNFLOATABLE AMPHIBIOUS ASSAULT VEHICLE” “FLORDIA RETAIL COMPANY” PM 598- Spring 2009 “RUHLING MANUFACTURING COMPANY” 1. Why might negotiation be favored over competitive bidding in certain procurement situations? Bidding employs competitive bids, public bid opening ( in the case of Government ), and awards based on price when bidder is “responsive” and “responsible”, meaning it responds to the requirement without taking exception, and has a documented history of responsible business conduct. Normally considered for use when five conditions are met is the dollar value of the purchase must be large enough to justify the investment in time and resources to accomplish the process. Time permits solicitation, submission, evaluation and possible resolution of bids.
What is debt services default? (0.5 points) Debt services default is the failure to make a payment, such as a scheduled mortgage payment or the finance charge on a credit. 4. What is the Better Business Bureau? (0.5 points) The Better Business Bureau is an organization that reports on the reliability and ethics of companies and other organizations.
The extended rivalry that results from all five forces defines an industry’s structure and shapes the nature of competitive interaction within an industry." Those forces are Buyers Power, Suppliers Power, Threat of substitution products or services, Threat of new entrants, and Rivalry among existing competitors. Buyers Power Customers are purchasers who expect to receive quality products as well as services. Thus this means that they are able to influence prices, which has the potential of negatively affecting a business that may not be willing or capable of providing discounts to their consumers (Porter, 2008). It is vital to always know what your competitors are offering consumers, this will assist in giving you
How can different sources of funds help a business achieve its financial objective? Businesses usually have five main financial objectives. They are efficiency, growth, solvency, liquidity and profitability. Sourcing different sources of funds and interdependence with other key business functions (operations, marketing and human resources) is the way that businesses achieve these goals. It is important that these funds match their needs, for example, short-term funds to match short-term goals.
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.