CRAFTING+EXEC.STRAT.:CONCEPTS (LOOSE)
22nd Edition
ISBN: 9781260157178
Author: Thompson
Publisher: MCG
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Question
Chapter 2, Problem 1ESP
Summary Introduction
To prepare: A strategic visions statement for company and meaning of business slogan, the purpose of business slogan that captures strategic vision.
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Students have asked these similar questions
After operating for some time and having evaluated the finances to project the sales of the business, it is necessary to think that, as a business owner, you must establish a strategic marketing plan which gives you a better idea about the market and business opportunities. growth in the industry.
For this reason, in this task you will develop a strategic marketing plan for your coffee shop business. The plan must contain the following elements:
a) Executive Summary
i) Summarize all the most important aspects of your strategic marketing plan.
b) Our client (buyer person)
i) Describe the different types of customers the business appeals to.
c) Product or service
i) Evaluate the product or service according to the market need.
ii) Defines the branding elements of the business.
The 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.
Massam works for a company that is having a hard time competing in the market. Massam really wants to stand out within his organization to further his career in marketing. Which strategy should Massam
pursue to better understand the external environment around his company?
O Massam should study and analyze the competition to understand how his company differs from everyone else so that he can pinpoint the fallout of his company.
O b. Massam should study and analyze the technological environment that is used to understand how his company differs from everyone else so that he can pinpoint the fallout of his company.
O Massam should study and analyze the consumer to understand how his company differs from everyone else so that he can pinpoint the fallout of his company
Od. Massam should study and analyze the social environment that is used to understand how his company differs from everyone else so that he can pinpoint the fallout of his company
Chapter 2 Solutions
CRAFTING+EXEC.STRAT.:CONCEPTS (LOOSE)
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