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Concept explainers
Case summary:
Country C is famous for tea. Company S started their first shop in State T of Country C in 1998. At the end of 2016, there were over 2,300 stores in Country C and they planned to open 5,000 stores by 2021. The atmosphere of the store is the major advantage for the company, as people of Country C preferred meeting their friends and business partners in the stores. However, some people started hating the coffee, as it is so bitter.
Hence, Company S started offering a customized product which matches the taste of the customers. In addition to this, Company S concentrated on helping students and teachers in a rural part of Country C.
To determine: The way Company S adapted to the culture of Country C.
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Chapter 4 Solutions
Business Essentials (12th Edition) (What's New in Intro to Business)
- Please original work Talk about the critical steps that must be taken in order to effectively cascade the balanced scorecard. Provide a real-life example of an organization that has done this effectively (H-E-B grocery store or Walmart), or alternatively, provide a real-life example of an organization that attempted to cascade a balanced scorecard but did not have a good result. Why. Please cite in text references and add weblinksarrow_forwardPlease original work What does “influencing” mean to you? Talk about how a leader can effectively influence and include all employees in the balances scorecard development process. What is one specific way your current supervisor or a previous supervisor has included you in high-level strategic discussions? What were the results? Please cite in text references and add weblinksarrow_forwardDubai man-made islands should reflect your analysis, synthesis, and evaluation of the case.arrow_forward
- Dubai man-made island projects Should the risk events have been identified in the beginning by practicing sound quality control? Explain why or why not with details.arrow_forwardExplain why a Dubai man-made island project manager, or any stakeholder, should include uncertainty outcomes in their risk management practices.arrow_forwardDubai man-made islands What would be your quality assurance recommendations for such projects in the future based on the project in this case?arrow_forward
- What quality management components should be considered for a project such as the Dubai man-made islands? Explain your positionarrow_forwardWhat are your risk management, quality management, contingency planning, and uncertainty recommendations for any future Dubai man-made island projects?arrow_forwardWhat are some contingency plans or actions that could have been taken by the Dubai man-made islands project managers to limit the impact of this possible risk event and other such related events the projects faced?arrow_forward
- Do you feel the past Dubai man-made island project managers follow due diligence regarding the creation of a risk management plan, assess all major risks, and develop appropriate risk responses and a plan for monitoring risks? Explain your rationale and remember, you are basing your answers solely on the results of earlier efforts. You can do research but it isn't necessary. You are using your understanding of risk management principles to provide your perspective as a project manager professional.arrow_forwardWhat project risk management processes do you think will add value to any future Dubai man-made island projects?arrow_forwardWhat are the problems/challenges faced by a CEO like Yahoo, being unable to retain usage (customer base) and overall value due to competition in the internet search engine field and the best way to implement change to overcome the company's deficiencies?arrow_forward
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