Question (1): Answer the following question:You are one of the top -level managers and is responsible for planning and setting the businessstrategy in the organization. When it came to the core advantage, you had to make a decisionabout the suitable core competency for your organization.From what you learned about core competencies, Choose one competency and explain indetails, why is it suitable for your organisation in the marketplace?

Core competencies can be defined as all the resources, capabilities, skills and the knowledge that…

Answered: Question (1): Answer the following…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

See similar textbooks

Similar questions

After reading the test: Consider you are the new development manager taken charge by Monica and suggest the management with the better strategic evaluation and control plan for the hospital management.
Select an organization/business of your choice and apply the followinginstructions:1. Provide a one-page description of the organization/business in terms of its strategyand the products and services it offers.2. Provide a one-page description, determine whether or not the organization/business has an explicit relationship management-based strategy.
Choose any successful organization with which you’re familiar or one that you would like to know more about and answer the following questions. *Answer must be Relevant and to the point *Must be in short paragraph of Around 200-220 world Question: a) Why was that organization was so successful? b) How does that organization differ from other competitive organizations? c)How could that organization attract their customers? d) What are the challenges they may encounter in future? e) Describe the job specialization used there. Is it efficient and effective? Why or why not? How could it be improved? f) Assess their culture by looking at the following aspect Like physical design, symbols, words, stories, policies etc. g) Assume that you’re the top manager in that organization. What types of information from environmental scanning do you think would be important to you? Where would you find this information? h) Now assume that you’re a first-level manager in this…
how would data be collected for each element, and how might management at J.C. Penney use that data to provide loyal customers with a very strong relationship with the firm?
➤What are the foundations of strategic competitiveness? ➤What is the strategic management process? ➤What types of strategies are used by organizations? >How are strategies formulated? ➤What are current issues in strategy implementation?
F2
Required: Answer the following questions analyzing the following aspects of the case study i. What is the primary issue in the case? ii. How is the company doing strategically in terms of its existing strategy and business? iii. Discuss any two of the qualitative and quantitative theories and models you can use from the case study and outside the case study to gain competitive advantage in the global business environment.
For the worst company, what is extraordinarily bad about the company? Does the company appear to have a clear strategy, and if so, what is it? What do you think they could do, if anything, to turn the company around? For the best company, what does the company do extraordinarily well? What do you think is the company's "positioning" strategy? What makes it different from the others in its industry?
provide a SWOT analysis of the case study and please list and explain 3 weakness, 3 strength, 3 oprtunities and 3 threats
3 Environmental scanning plays a key role in strategy formulation by analyzing the strengths and weaknesses and opportunities and threats in the environment. Environmental scanning is defined as 'monitoring, evaluating and disseminating of information from external and internal environments to managers in organizations so that long term health of the organization will be ensured and strategic shocks can be avoided. Select one: True False
identify one emerging tech and do additional research about the topic. Summarize and critique the Adner & Kapoor piece, do you agree or disagree with their assertions? How do some of the readings from the other modules complement or argue against Adner & Kapoor? Based on this reading, as per #1, develop a strategic plan by which a company (either existing or new, but be sure to specify) may decide to compete. Again, bringing in other readings is desirable, and your plan should be based on frameworks that we have been learning.

Recommended textbooks for you

Practical Management Science

Operations Management

ISBN:

9781337406659

Author:

WINSTON, Wayne L.

Publisher:

Cengage,

Operations Management

ISBN:

9781259667473

Author:

William J Stevenson

Publisher:

McGraw-Hill Education

Operations and Supply Chain Management (Mcgraw-hi…

Operations Management

ISBN:

9781259666100

Author:

F. Robert Jacobs, Richard B Chase

Publisher:

McGraw-Hill Education

Practical Management Science

Operations Management

ISBN:

9781337406659

Author:

WINSTON, Wayne L.

Publisher:

Cengage,

Operations Management

ISBN:

9781259667473

Author:

William J Stevenson

Publisher:

McGraw-Hill Education

Operations and Supply Chain Management (Mcgraw-hi…

Operations Management

ISBN:

9781259666100

Author:

F. Robert Jacobs, Richard B Chase

Publisher:

McGraw-Hill Education

Business in Action

Operations Management

ISBN:

9780135198100

Author:

BOVEE

Publisher:

PEARSON CO

Purchasing and Supply Chain Management

Operations Management

ISBN:

9781285869681

Author:

Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

Publisher:

Cengage Learning

Production and Operations Analysis, Seventh Editi…

Operations Management

ISBN:

9781478623069

Author:

Steven Nahmias, Tava Lennon Olsen

Publisher:

Waveland Press, Inc.

SEE MORE TEXTBOOKS