Chapter 1, Problem 10DQ

(a)

Summary Introduction

Interpretation:

Types of strategic plans Wild West should use to get market share in each market and is it possible to face the competition if Wild West is “do nothing”.

Wild West’s new mission is to diversify t has mentioned businesses which are it is going to enter. If the Wild West’s this new mission is too broad what business would remove.

Concept Introduction:

The operations strategy requires cross functional effort to get needs of the firm’s external customers and to specify the operating capabilities the firm requires to outperform its competitors. Competitive capabilities are the cost, quality, time and flexibility dimensions.

(b)

Summary Introduction

Interpretation:

The environment forces Wild West should concern about.

Concept Introduction:

The external business environment is continuously changing therefore firm has to compete those changes and to adapt to those changes. To compete in the market firm has to do environmental scanning to begin adaptation.

(c)

Summary Introduction

Interpretation:

What are the Wild West’s core competencies and weaknesses should avoid?

Concept Introduction:

Firm’s unique resources and strengths are the core competencies. When formulating strategies, organization’s management should consider about its competencies.

Weaknesses are negative aspects of the organization and affect the business competing in the market.