16. The CEO and stakeholders of Imperial Company already finalized the organization's mission and vision, what do you think should be their next step? A. Hire people to start the operation of business B. Talk about the capital and shares needed for the operation C. Put the strategies on action D. Set company's strategi goals and plans.
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![16. The CEO and stakeholders of Imperial Company already
finalized the organization's mission and vision, what do you
think should be their next step?
A. Hire people to start the operation of business
B. Talk about the capital and shares needed for the operation
C. Put the strategies on action
D. Set company's strategi goals and plans.
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- There are so many avenues through which the concepts of strategic management could be appliedin real life.Required: a. With reference to the business model canvas, illustrate how thenine (9) elements interact in ascertaining how a business can sustainably generaterevenues. b. Using an organization of your choice, practically demonstrate your understanding of theorganization’s business model.In Accommodation and Food and Beverage Mnagement 1. Analysis of Current Management Strategies Choose a hospitality business (e.g., hotel, restaurant) and conduct an in-depth analysis of its current management strategies. Evaluate the effectiveness of their current management efforts inachieving business objectives. Identify any strengths, weaknesses, opportunities, or threats in theircurrent management approach.2. Development of Management Plan Based on your analysis, develop a comprehensive management plan forthe chosen hospitality business. Clearly outline the goals, target audience, positioning, and managementtactics to be employed. Include a detailed timeline and budget for implementing themanagement plan. Justify your choices by explaining how they align with the businessobjectives and address the identified strengths, weaknesses,opportunities, or threats.3. Creativity and Innovation in Management Approach Demonstrate creativity and innovation in your proposed…1. State vision and mission statement of your chosen organization, highlight their keyfeatures. Suggest any changes in vision or mission statement if you deem necessary.2. Conduct a SWOT Analysis and develop a Strengths-Weaknesses-OpportunitiesThreats (SWOT) Matrix.3. Analyse long-term objectives and specific strategies of your organization.4. Analyse people, their capability, organization structure and corporate culture issues of your chosen organization, if you think they impacted on its successful strategyexecution.5. Offer recommendations for successful strategy formulation and implementation in yourchosen organization.
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