Concept explainers
a.
To Discuss: Whether global automakers begin manufacturing plants in Country C comes under strategic or tactical planning.
Introduction: Strategic planning is a procedure in which hierarchical managers decide their visualization for the future just as recognizing their objectives and ideas for the organization. Tactical planning is accomplished for defining short term objectives and action plan so as to accomplish the long term objectives set by the strategic planning in an organization.
a.
Explanation of Solution
The reason on whether global automakers begin manufacturing plants in Country C comes under strategic or tactical planning are as follows:
The statement falls under “strategic planning”.
b.
To Discuss: Whether the merger of Company PTVG and Company DG comes under strategic or tactical planning.
b.
Explanation of Solution
The reasons on whether the merger of Company PTVG and Company DG comes under strategic or tactical planning are as follows:
The statement falls under “strategic planning”.
c.
To Discuss: Whether Company CB gives up draft picks to obtain Company QB comes under strategic or tactical planning.
c.
Explanation of Solution
The reason on whether Company CB gives up draft picks to obtain Company QB comes under strategic or tactical planning are as follows:
The statement falls under “tactical planning”.
d.
To Discuss: Whether a regional airline looks for ways to expand to other markets comes under strategic or tactical planning.
d.
Explanation of Solution
The reason on whether a regional airline looks for ways to expand to other markets comes under strategic or tactical planning are as follows:
The statement falls under “tactical planning”.
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Chapter 2 Solutions
EBK MINDTAPV2.0 CONTEMPORARY MARKETING,
- 19- Ahmed is making a long term plan to improve his business. Which of the following premises he supposed to include while he is forecasting? a. What new markets will emerge? b. What will be new technologies? c. All of the options d. What will be the supply of competitors?arrow_forwardFor each perspective, select those strategic objectives from the list that best relate to it. For each strategic objective, select the most appropriate performance measure(s) from the list. Balanced scorecard. (R. Kaplan, adapted) Petrocal, Inc., refines gasoline and sells it through its own Petrocal gas stations. On the basis of market research, Petrocal determines that 60% of the overall gasoline market consists of “service-oriented customers,” medium- to high-income individuals who are willing to pay a higher price for gas if the gas stations can provide excellent customer service, such as a clean facility, a convenience store, friendly employees, a quick turnaround, the ability to pay by credit card, and high-octane premium gasoline. The remaining 40% of the overall market are “price shoppers” who look to buy the cheapest gasoline available. Petrocal’s strategy is to focus on the 60% of service-oriented customers. Petrocal’s balanced scorecard for 2017 follows. For brevity, the…arrow_forwardFor each perspective, select those strategic objectives from the list that best relate to it. For each strategic objective, select the most appropriate performance measure(s) from the list. Balanced scorecard. (R. Kaplan, adapted) Petrocal, Inc., refines gasoline and sells it through its own Petrocal gas stations. On the basis of market research, Petrocal determines that 60% of the overall gasoline market consists of “service-oriented customers,” medium- to high-income individuals who are willing to pay a higher price for gas if the gas stations can provide excellent customer service, such as a clean facility, a convenience store, friendly employees, a quick turnaround, the ability to pay by credit card, and high-octane premium gasoline. The remaining 40% of the overall market are “price shoppers” who look to buy the cheapest gasoline available. Petrocal’s strategy is to focus on the 60% of service-oriented customers. Petrocal’s balanced scorecard for 2017 follows. For brevity, the…arrow_forward
- For each perspective, select those strategic objectives from the list that best relate to it. For each strategic objective, select the most appropriate performance measure(s) from the list. Balanced scorecard. (R. Kaplan, adapted) Petrocal, Inc., refines gasoline and sells it through its own Petrocal gas stations. On the basis of market research, Petrocal determines that 60% of the overall gasoline market consists of “service-oriented customers,” medium- to high-income individuals who are willing to pay a higher price for gas if the gas stations can provide excellent customer service, such as a clean facility, a convenience store, friendly employees, a quick turnaround, the ability to pay by credit card, and high-octane premium gasoline. The remaining 40% of the overall market are “price shoppers” who look to buy the cheapest gasoline available. Petrocal’s strategy is to focus on the 60% of service-oriented customers. Petrocal’s balanced scorecard for 2017 follows. For brevity, the…arrow_forwardA. Identify if the following situations are under strengths, weaknesses opportunity, and threats. Write the number of the corresponding market situation in the swot analysis matrix. (Please refer to the picture.)arrow_forwardYou are a business analyst for a company within your assigned industry. Your (real or fictitious) company senior executives have assembled a team and told them to come up with a plan to build resiliency given the changing global trade environment. You will have discussed the eVOL industry and resiliency. Individually come up with a proposed plan for your company. Use any planning framework that you want. Prepare a memorandum to the CEO which addresses the following: Relevant details about the real or made up company and what you mean by resiliency How are the company's global supply chains and exports likely to change? What are the possible consequences for expansion or contraction? What alternative courses of action are there for the company? What is your recommended course of action for resiliency using global location and trade?arrow_forward
- Identify an industry that is undergoing intense competition or is being featured in the busines press. Discuss how scenario planning might be used by competitors to prepare for future events. Can some industries benefit more than others from this type of process? Explain why? Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.arrow_forwardAnswer the Given Question.arrow_forwardstrategic managementarrow_forward
- 1- HIGHLINE FINANCIAL SERVICES, LTD. CASE Financial Services provides three categories of service to or promotion, and competition doesn't change, predict demand dients. Managing partner Freddie Mack is getting ready to pre- for the services the company offers for the next four quarters: 2-Examine the demand that this company has experienced for the three categories of service it offers over the preceding two years. Assuming nothing changes in terms of advertising or promotion , and competition doesn't change , predict-demand for the services the company offers for the next four quarters . Note that there are not enough data to develop seasonal relatives. Nonetheless , you should be able to make reasonably good , approximate , intuitive estimates of demand. What general observations can you make regarding demand ? Should Freddie have any concerns ? Explain.arrow_forwardThe obligations of an investor-owned company's board of directors in the strategy-making, strategy-executing process include A) taking the lead in developing the company's business model and strategic vision. B) coming up with compelling strategy proposals to debate against those put forward by top management. C) taking the lead in formulating the company's strategic plan but then delegating the task of implementing and executing the strategic plan to the company's CEO and other senior executives. D) overseeing the company's financial accounting and financial reporting practices and setting CEO compensation. E) approving the company's operating strategies, functional-area strategies, business strategy, and overall corporate strategy.arrow_forwardWhich is more important - the formulation of a strategy or its implementation? A. Strategy formulation is more important because it involves more complex decisions among a much greater variety of possible strategic directions and plans that must take into account a very large mix of internal and external factors. B. Strategy implementation is more important because a well-implemented, poorly-formulated strategy has a better chance of succeeding than a poorly-implemented, well-chosen strategy C. Both are important..arrow_forward