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- Module: Strategic management practices 1. Analyse the effectiveness of defensive strategies for a company, using appropriate examples of your own.Q1. Indicate whether or not the organization where you are employed engages in strategic management and planning. If Yes, how has this benefitted the organization? If No, give your perceptions regarding the limitations and why the organization does not engage in strategic management and planning. Q2. Discuss briefly why ethical decision-making is essential in an organization, and the possible effects that ethical violations/unethical behaviours can have on the organization and its stakeholders.Subject Title: Quality Service Management in Tourism and Hospitality Topic: Market and Market Segmentation Remember to check the following when done writing your answers: TENSE: Use the correct tense. INSTRUCTION: 1. What is meant by the term market? 2. What is meant by the term market segmentation? 3. What are the different ways to segment a market?
- Define the following: A. Business ModelB. Business ResourcesC. Specific AudienceD. Demand Generation StrategyE. Key Business Partners(1)B2B: Assignment 3 1. What are the compnents of a marketing information system that is is desirable for a b2b organization? 2. Why have these components been selected? 3. How will these components assist marketing managers with their decision making?V1 Analyze a selected company, its operations, and its associated industry and evaluate these areas for development of a business plan for growth to increase revenues by 10% over the next five years with ethical financial practices. 1. Recommend three or more well-defined improvements to corporate governance over the internal controls supported with examples of how the recommendations would impact the company's financial statements. The recommendations could be for improvement of sales, justification of opening different markets, or enhancement of current operations.
- Which among the following is one of the advantages of the McKinsey 7S model 1 It is considered a long-term modelWith the changing nature of businesses, it remains to be seen how the model will adapt. 2 It seems to rely on internal factors and processes and may be disadvantageous in situations where external circumstances influence an organization. 3 It is considered a longstanding theory, with numerous organizations adopting the model over time.The Study of Strategic Management According to Bamford, Hoffman, Hunger, and Wheelen (2018), strategic management is a set of managerial decisions and actions that help determine the long-term performance of an organization. It includes internal and external environment, short term and long-term strategy formulation, strategy implementation, evaluation, and control. Originally called business policy, strategic management has advanced substantially with the concentrated efforts of researchers and practitioners. Today, we recognize both a science and an art to the application of strategic management techniques (Bamford, Hoffman, Hunger, & Wheelen, 2018, p. 37). Now is the perfect time to practice strategic thinking, how can companies emerge from the global health crisis brought by Covid-19. The future is unpredictable, as such, strategic thinking may be more important than ever. The following phases describe the evolution of strategic management: Phase 1: Basic financial planning. During…1. What is the difference between the Sales and Marketing Process and the Sales and Marketing Modules in Enterprise Resource Planning Systems and what is management Control Process? 2. How does ENTERPRISE RESOURCE PLANNING help in the Customer Relationship and How would sales and distribution ben integrated with other modules?
- 2. Consider five different web hosting options and their major advantages/disadvantages for an organization (e.g. Daraz). Organization: Web hosting option Advantages/disadvantagesDistinguish between different business-level strategies that SPAR can use to 10 achieve its strategic goalsIn one of the definitions used by Pearce and Robinson, Strategic management wasdescribed as the “art and science of formulating, implementing and evaluating crossfunctional decisions aimed at achieving organizational goals”; Briefly discuss the contextin which strategic management could be described as ‘an art’ and when it also could bedescribed as ‘a science’.