Responsibility Centres:   a. Discuss the difference between daily and strategic decisions. Think of a business and provide an example of a daily and strategic decision.   b. Describe the concept of responsibility accounting.

Q: The obligations of an investor-owned company's board of directors in the strategy-making,…

A: The 'board of directors' in an investor-owned company plays a 'crucial role' in shaping the…

Q: After operating for some time and having evaluated the finances to project the sales of the…

A: i) The coffee shop's strategic marketing plan emphasizes high-quality goods, distinctive customer…

Q: What is internal analysis and its relation with VRIO framework?

A: The internal analysis provides a comparative look at a firm’s capabilities what are the firm’s…

Q: Briefly explain the difference between lagging indicators and leading indicators.

A: A lagging indicator is a monetary sign that becomes clear solely after an enormous shift has…

Q: Why is it necessary for boards to delegate financial responsibilities or accountabilities? Is there…

A: Boards of directors play a crucial role in overseeing the governance and strategic direction of…

Q: prove or disapprove the statement planning is everyone's job in the organization including those in…

A: Planning is the process by which the objectives are determined and the methods and resources to…

Q: What are some effective strategies for engaging stakeholders in the planning process and gaining…

A: Effective strategies are well-thought-out plans or techniques meant to efficiently and successfully…

Q: 10. Using a foodservice or hospital organization of your choice, present an example of an…

A: An organizational goal is a wide, general objective that an association sets to direct its…

Q: 19

A: Knowledge is :

Q: Discuss the barriers to effective planning and also state the steps necessary to make planning…

A: Introduction Planning is the first function of management and forms the basis for all other…

Q: Discuss what is meant by each of the following statements:a. Purchasing measurement is not free.b.…

A: a) Purchasing measurement is not free Purchase measurement plays an important role in supply chain…

Q: All of the following are functions of management except Select one: a. Controlling b. Leading c.…

A: Management is the governance and administration of all the resources available in an organization to…

Q: Current Business Strategies Report  In order to bring current examples of strategic issues and…

A: It's crucial to stay current with news and happenings in the ever changing corporate environment.…

Foreign Market Entry

Foreign market entry allows firms to sell their goods and services in the international market and expand their business in non-domestic markets. There are many foreign market entry strategies. A firm must take into account internal and external determinants while choosing the appropriate foreign market entry strategy. Few internal determinants include the firms’ objectives and global exposure, and the company’s financial and human resources. The external determinants include marketing, shipping, transportation costs, and degree of political, economic, and operational risks. Also, they involve the market size, competition level, and government laws of the targeted foreign market.