The primary role of a functional strategy is to○ create compatible degrees of strategic intent among a company's different business functions.○ unify the company's various operating-level strategies.○ determine how to support particular activities in ways that support the overall business strategy and competitiveapproach.○ support and add power to the corporate-level strategy.○ specify how to build and strengthen the skills, expertise, and competencies needed to execute operating-levelstrategies successfully. The value of doing competitive strength assessment is to○ learn if the company's market opportunities are better than those of its rivals.○ determine whether a company's resource strengths are sufficient to allow it to earn bigger profits than rivals.O learn how the company ranks relative to rivals on each of the important factors that determine market success andascertain whether the company has a net competitive advantage or disadvantage vis-à-vis key rivals.○ determine how competitively powerful are the company's core competencies.O learn whether a company has a distinctive competence.

a.Competitive strength assessment is a critical process for any business seeking to thrive in a…

Answered: The primary role of a functional…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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7) In Operations Management, business function responsible means Planning only Coordinating only All the above Controlling Resources only 8) Operations Management is nothing but planning, organizing, staffing, and controlling, and directing and improving the production system planning, organizing, staffing, and controlling planning, organizing, staffing, and controlling and directing the production system 9) Operations Manager Responsibility is Control All the above To make sure Productivity Plan
The pursuit of competitive advantage requires a strategist to discover or build a company’s corecompetencies which will constitute the vehicle that will drive the implementation of successfulstrategies. A renowned global consulting firm, McKenzie Consulting Group states that “in orderto gain and sustain competitive advantage, an organization should at least possess three corecompetencies which will form the foundation upon which successful strategies are developed”.Required:a. Briefly distinguish resources from core-competencies? b. Choose a Ghanaian or Multinational Company operating in Ghana and identify any fivetangible resources /capabilities and five intangible resource/capabilities c. Take each one of the above named tangible and intangible resource/capability and matcheach against the VRIN framework, clearly justify why any of the named tangible andintangible resource/capability qualifies to be a core competency? d. Based on the outcome of your analysis above would you say the…
Adidas is an athletic company designs and manufacturesseveral athletic things. Football is one of the company'sproducts that sells for $40 per unit. Total fixed costs relatedto the manufacturing of the football are $150,000 per monthand variables costs involved in manufacturing are $ 15 per unit. 1-Compute the number of footballs to be sold to earn atarget profit of $30.000.?
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.
True or False: Strategic planning is primarily concerned with short-term goals and day-to- day operations.
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…
Unilever Manufacturing operates year-round. The following data are pulled from thecompany’s most recent semi-annual report.Assets• Raw material inventory $120,000• Work-in-process inventory $50,000• Finished goods inventory $300,000• Property, plant, and equipment $500,000• Other assets $200,000• Total assets $1,150,000Condensed Income Statement• Revenue $2,000,000• Cost of goods sold $600,000• Other expenses $1,000,000• Net income $400,000Calculate the following based on a year duration:(a) Percentage invested in inventory (PIII);(b) Inventory turnover (TURNS); and(c) Weeks of supply (WOS)
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Please assist with the attached question,
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Which of the following may drive a misalignment between competitive capabilities and competitive priorities Group of answer choices a Equipment wear & tear b A shift in customers’ preferences c Research breakthroughs d New government regulations e Any of the above

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