The appropriate level for constructing a value chain is a. the business and the strategy level b. the corporate and the business level c. the corporate strategy level d. the business strategy level
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The appropriate level for constructing a value chain is
the business and the strategy level
the corporate and the business level
the corporate strategy level
the business strategy level
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Solved in 2 steps
- Firms within the same industry may be considered to be in different strategic groups. True FalseTech Niche Corp., a provider of IT services, has recorded a decrease in sales and profit over the past few months. The managers of the firm review the situation and conduct a SWOT analysis of the firm. This provides new insights into the ways to improve sales. In the context of developing a marketing plan, the organization is in the phase of: Multiple Choice Initiation. Design. Planning. Control.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 FalsePeruse the business group listings for 3M Company shown as follows and listed at its investor relations site (investors.3m.com). How would you characterize the company’s corporate strategy? Related diversification, unrelated diversification, or a combination related-unrelated diversification strategy? Explain your answer. Consumer Products—for the home and office including Post-it (R) and Scotch (R) Transportation and Electronics—automotive and aerospace films and tapes; electronics assembly solutions Health Care—filtration systems, wound care products, dentistry products, health care software solutions Safety and Industrial—abrasives, adhesives, specialty materials, and filtration systems, safety and security productsA company makes souvenir spoons to order for customers. Customers may choose the size of the spoons as well as the pattern that will be embossed on them. You can order one or more spoons. The company is thinking about getting into the make-to-stock spoon market for souvenir spoons as well as daily tableware. What would it be needed to do differently? What changes are likely to occur in the business?
- Explains the role of innovation in the value chain. Defines what a competitive advantage is and describes how it can be obtained throughout the value chain.Conclusion: Choose an example from a real-life business. Apply the concept of the value chain to the business you chose. Describes how each of the components of the value chain is manifested in the selected business. Then, answer the following question: which of the activities in the value chain presented is the most important for the operations of that type of business and why?Ji-hu believes in making decisions based on the method of experience. Considering this, which of the following actions would he most likely take? A. He would buy the Lucia espresso machine because surveys of the product show the highest customer approval. B. He would buy the Hellman espresso machine because the choice seems obvious. C. He would buy the Franceso espresso machine because research shows it is the most durable. D. He would buy the Jones espresso machine because he liked his previous machine, which was made by Jones. E. He would buy the Almas espresso machine because his manager highly recommends it.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. Since we now understand that the acronym VRIO stands for 4 four major parts in a structured approach to competitive advantage; these are Valuable, Rare, Imitable, and organized. All play an integral role in helping us managers understand, identify, and evaluate resources. In your own words, how do you think the VRIO Analysis is used to identify, exploit, and evaluate competitive advantage.?Answer the question in an essay format, please. The scenario and question are attached.