illustrate how the nine (9) elements interact in ascertaining how a business can sustainably generat
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There are so many avenues through which the concepts of strategic management could be applied
in real life. These include; the development of a strategic plan, development of a business plan,
development of business case reports, and development of stakeholder engagement plans among
others. One key task that is required by the strategist to perform in developing any of the
aforementioned documents is the “design of a business model” for the business in question.
Required:
a. With reference to the business model canvas (as discussed in class), illustrate how the
nine (9) elements interact in ascertaining how a business can sustainably generate
revenues.
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- Which of following is correct? (a)The value chain explains why an entity has a competitive advantage; (b) The value chain examines how an organisation has a competitive advantage; (c)It provides answers on how an organisation elects to compete; (d) It helps an entity to determine the steps to be taken beat its rivals on priceHello. Can you assist on the following Hard Rock Cafe Inc. is a food service, hospitality, and gaming business originally focused on operating casualdining restaurants. Founded in London in 1971, the company developed its brand through the themedrestaurant experience. Customers are typically greeted with an ambiance of rock and roll. The companyexperienced significant growth and expansion in the 1990s. Today, Hard Rock Cafe is diversified, withoperations in the food service (themed restaurants) industry, gaming (casino) industry, and hospitality (hotel)industry. The company has also achieved global status, with restaurants, hotels, and casinos in more than 70countries. In 2007, the Seminole Tribe of Florida bought the company. At that point, the Hard Rock Cafe Inc.headquarters were moved to Orlando, Florida. This business case is an example of how the differentiationgeneric strategy can support business development. Also, this case of Hard Rock Cafe sheds light on theimportance of…John Ozment, director of special projects and analysis for Ozment’s Corporation, is responsible for preparing corporate financial analyses and monthly statements and reviewing and presenting the economic impacts of proposed strategies to upper management. Data for such financial analyses are obtained from operations and financial databases through direct queries of Ozment’s department staff. Reports and charts for presentations are then prepared by hand and typed. Multiple copies are prepared and distributed to various users. The pressure on Ozment’s group has intensified as demand for more and more current information increases. A solution to this reporting problem must be found.The systems department wants to develop a proprietary software package to produce the reports automatically. The project would require the company to make a considerable programming investment. Ozment is concerned about the accuracy, completeness, and currency of data isautomatically produced reports. He has…
- The Robo Company, makers of small engines for lawn mowers, reviews its strategic management process quarterly. Among the areas of review are internal environment assets, which include resources and capabilities to maintain success and grow new ventures to build an advantage over rivals. They frequently use the VRIO tool (valuable, rare, difficult to imitate, and organized to capture value) to assess their resources and capabilities. Two of their resources are their loyal customers and extremely high customer satisfaction, and one of their capabilities is paying above-average wages. They have a large manufacturing plant with older equipment. All engines are built manually, they have an experienced workforce. Customer service is handled by two part-time employees, and they get high ratings. Go-Fast Company is a competitor, also a maker of small engines for lawnmowers. After using the VRIO tool, they listed one of their resources as "loyal customers" and one of their capabilities as…43. A retail store manager is staffing for the holiday season and plans to provide employees with additional hours without hiring additional workers. Which factor in human capital planning would be important in this scenario? A.Projected interest rates B.Competitor forecasts C.Expected industry growth D.Availability of employees1. Create a Pineapple Jelly which is superior to leading brands on the market. 2. You are to prepare a FLOW CHART/SCHEME of your production and present it. 3. Identify all ingredients and processing steps in the manufacture of your product. 4. Your product must have customer appeal as well as follow all MSDS and OHSE stipulations regarding commercial food products.
- which one is correct please confirm? QUESTION 11 In considering financial planning, the type of planning that focuses more on the overall direction of the business and the industry is _______. a. strategic b. deterministic c. operational d. probabilistic86) Strategic restructuring can take different forms including: a) Restructuring the firms portfolio of businesses. b) Restructuring the firm’s financing through debt and/or equity. c) Merging the marketing and sales functions into one department. d) A and B e) A and B and CIdentify the resources, capabilities and core competencies that would be needed for that business. Resources: Asset that an organization can use when formulating or implementing a strategy. - Tangible: people, money, equipment, location, supplies - Intangible: knowledge, patent, trademark, brand, reputation, training system Capabilities: An organizational and management skill necessary to orchestrate a diverse set of resources and deploy them strategically. This is an intangible. Core competencies: A unique strength within an organization that allows it to differentiate its products and services from those of its competitors, creating higher value or lower costs for its customers and itself. Identify the major costs of the following three ways to start a new business. Start-up Business purchase Franchise What do you think is best way to start up this business (creating a new business, buying an existing business or franchising a business)? Why?
- Which of the following statements is / are not a strategic operations management decision. I. Determines the customer's quality expectations and establishes policies and procedures to identify and achieve that quality. II. Determines how to recruit, motivate, and retain personnel with the required talent and skills. People are an integral and expensive part of the total system design. II. Determines the customer's quality expectations and establishes policies and procedures to identify and achieve that quality. IV. Determine procedures govern how you process daily transactions, perform the monthly financial close, compare actual spending to what's budgeted and ensure you meet auditor and tax requirements. O l and IV O IV only O Il only O Il and IIIThe Robo Company, makers of small engines for lawn mowers, reviews its strategic management process quarterly. Among the areas of review are internal environment assets, which include resources and capabilities to maintain success and grow new ventures to build an advantage over rivals. They frequently use the VRIO tool (valuable, rare, difficult to imitate, and organized to capture value) to assess their resources and capabilities. Two of their resources are their loyal customers and extremely high customer satisfaction, and one of their capabilities is paying above-average wages. They have a large manufacturing plant with older equipment. All engines are built manually, they have an experienced workforce. Customer service is handled by two part-time employees, and they get high ratings. Go-Fast Company is a competitor, also a maker of small engines for lawnmowers. After using the VRIO tool, they listed one of their resources as "loyal customers" and one of their capabilities as…3. Companies such as Johnson and Johnson are in a more advantaged position because they have the product knowledge and thus, consumers must rely on them for accurate information about product safety, usage, and effectiveness. Given this situation, companies have a duty to take special care to ensure that consumers' interests are not harmed by the products that they offer them. Discuss what can Johnson and Johnson do in design, production, and marketing to ensure that the above is achieved. Only typing answer Please explain step by step
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