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KPIs should be aligned with the overall business goals
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- 5. Maximizing the profitability of a company’s business model is about making the right choices concerning value creation through generic business-level strategies, given the demand and competitive conditions the company faces. There are several generic business-level strategies. Briefly describe TWO generic business-level strategies, using two examples in Trinidad and Tobago to support your answer. A complete answer will identify the generic business-level strategy as defined by Michael Porter and use an example from a locally operating company in Trinidad and Tobago, to support the explanation.When formulating corporate strategy, managers must make the decisions about the stages of the industry value chain to participate in. O True O FalseCassandra is a university student and a year ago she won an "“Early Concept Grant" of $8000 to develop her innovative idea. Over the past year she has developed a stick-on solar panel for mobile phones that will help extend a phone's battery life by up to 10 hours. She has sold the first prototype on campus and the feedback has been incredibly positive. Cassandra is now thinking of setting up her own business. She wants to rapidly expand and grow her production capabilities. Cassandra would like to maintain most of the ownership of her business, but she has limited capital. Fortunately, she does have a rich uncle who is always keen to help family in exciting business plans. State and explain what form of business you think would be best for Cassandra. Ensure that you help justify your decision by explaining why the other forms of business may not be appropriate for Cassandra.
- What are the FIM Program's Problem Statement and Goal?Which of the following Strategic OM Decicion Elements do you prefer and why? Use example. Goods and services: This includes looking for ways to implement consistency in costs, quality, and resources across all business divisions. Quality Management: Be clear on the customer’s demands and then meet those expectations. Use market research to determine customer needs and batch quality assurance testing on products and services in production. Process and Capacity Design: Design strategies which support all production goals including technology and resources. A value stream map can help determine what processes are necessary and how to keep them running efficiently. Location: In developing a location strategy consider supply chain and how the location will receive supplies, the movement of goods and services internally and to customers, and the role of marketing and public relations in the location choice. Layout Design and Strategy: Consider the placement of desks, workstations, and how…Shield is one of the top companies that deal with security and protection. With well trained and equipped staff, the company provides top niche security service. However, this is done thanks to consecutive meetings where retired generals from the army are recruited as top managers to discuss the feasibility plans and the company objectives based on the available resources. Such discussion is an example of * Strategic enhancement Strategic planning Strategic performing O All of the answers
- III. Productivity and Quality. Read and analyze each problem. For better presentation, draw diagrams illustrating the problem. 1. One of the items that the Philippines export is electrical transformers used in electric trains. Assume that the basic model costs USD 3000 (PhP 180,000) to produce. A plant located in Batangas typically produces 500 units weekly of this type, but only x = 85% managed to pass the inspection. About three-fifths of the defective items can still be reworked to meet the standards at an additional cost of USD 500 (PhP 30,000). -For reasonable values of x (85% to 100% ) , graph the QPR as a function of x. For reasonable values of x (85% to 100% ) , graph the product cost per unit as a function of x. What can you conclude?Coca-Cola recently redesigned its bottle to reduce itsuse of glass, thus lowering its bottle’s weight and CO2 emissions.Which budgets in the company’s master budget willthis redesign impact. what are your thoughts(250 words) Determine the most appropriate stage of development in spiral dynamics for the optimal management of thepandemic in Sweden. Give concrete examples to justify your decision.
- 26) A competitive advantage can be realized if an organization can achieve effective integration of its various business processes. True or False? True FalseRe-envisioning in the context of sustainability-oriented strategic planning O takes place as part of a company's annual review. focuses on the degree to which the company is doing an effective job in reducing waste, recycling and reusing resources. involves multi-year, long-term goal setting. should be conducted only when a company determines it is failing to meet its objectives.Stanley Black & Decker produces drills at a manufacturing cost of $59/drill. Defective units can be reworked at a cost of $20/drill. The manufacturing process produces 87% good products and 69% of the defective drills can be reworked. What is the total manufacturing cost PER DRILL if you start a production run of 98 drills (meaning you would yield less)? Hint: don't round your Yield. Give your answer to two decimal places. DO NOT INCLUDE the $ symbol!
