Why is the primary use of a business model tied to business-level strategies?Less adjustment will be needed in the long-term.All processes followed to create the product should be similar.It is the framework for delivering value.The firm's core strategy has to be supported.

For an organization to succeed, its business model must be in line with the main strategy of the…

Answered: Why is the primary use of a business…

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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A 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?
Cassandra is a university student and a year ago she won an "“Early Concept Grant" of $8000 to develop her innovative idea. Over the past year she has developed a stick-on solar panel for mobile phones that will help extend a phone's battery life by up to 10 hours. She has sold the first prototype on campus and the feedback has been incredibly positive. Cassandra is now thinking of setting up her own business. She wants to rapidly expand and grow her production capabilities. Cassandra would like to maintain most of the ownership of her business, but she has limited capital. Fortunately, she does have a rich uncle who is always keen to help family in exciting business plans. State and explain what form of business you think would be best for Cassandra. Ensure that you help justify your decision by explaining why the other forms of business may not be appropriate for Cassandra.
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.
III. Productivity and Quality. Read and analyze each problem. For better presentation, draw diagrams illustrating the problem. 1. One of the items that the Philippines export is electrical transformers used in electric trains. Assume that the basic model costs USD 3000 (PhP 180,000) to produce. A plant located in Batangas typically produces 500 units weekly of this type, but only x = 85% managed to pass the inspection. About three-fifths of the defective items can still be reworked to meet the standards at an additional cost of USD 500 (PhP 30,000). -For reasonable values of x (85% to 100% ) , graph the QPR as a function of x. For reasonable values of x (85% to 100% ) , graph the product cost per unit as a function of x. What can you conclude?
Discuss the downsizing process in your own words and provide an example. The answer should be brief as well as the example. Both of them shouldn't be too long or detailed. I know the answer is already existed in Chegg and Bartleby. However, I want a NEW and DIFFERENT answer please. Use your OWN words. No plaigarism. No copy and paste. No handwriting. Thank you.
relate these concepts, why is it important in a company? -core competency-above-average yields-tangible and intangible resources-capabilities -value creation
discuss the value chain of which you are part. what is the purpose of the value chain? what is your role? how do you interact with other members of the value chain? how is the effectiveness of the value measured?
Answer the following questions using the Answer Report and the Sensitivity Report on the following page. Support your answers with explanations and the work showed.Your run a company that produces three electrical products – clocks, radios, and toasters. You are asked to figure out how many of each of these things should be produced, and the computer solution (answer report and sensitivity report generated in Microsoft Excel) is given on the next page. 4.) If you could sell clocks for $17 instead of $15 would it change the number of each appliance you should produce (i.e., would it change the optimal solution)?5.) If you had your choice of an extra $10 in your budget or an added demand of 5 toasters, which one should you do, and how will your profit be affected?
(a) Differentiate between production concept and product concept. Discuss why some companies operate under the concepts and provide examples of real company adopted the concepts. (b) The vision statement of Open University Malaysia (OUM) is “to be the Leading Provider of Flexible Learning.' The assessment of current and future desired sales indicates that OUM has growth potential. Suggest three strategies on how OUM can bridge the gap in strategic planning.
Keurig in the maker of single-serve coffee machines. The product uses pods andmakes a cup of coffee in multiple sizes and levels of strength. It is simple tooperate, and the market is filled with many varieties of coffee pods (and tea) fromdifferent vendors. Employ the value proposition canvas to explain why Keurigproducts have been so successful in the market. If you do not know Keurig, it isfine to read about it online to understand the product and what they offer tocustomers. Do not research a value proposition canvas for Keurig; I will know ifyou use online sources for that. You do not have to build the framework, but youmust describe elements and the relationship between them.

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Why is the primary use of a business model tied to business-level strategies? Less adjustment will be needed in the long-term. All processes followed to create the product should be similar. It is the framework for delivering value. The firm's core strategy has to be supported.