11:28 & © 0 x aca) Clusters.Top tT Students Association This answer was provided by CS Place, click here to join the Discord. Question: Examine Strategy Articles Purpose Strategy articles can be found weekly in journals, magazines, and newspapers. By reading and studying strategy articles, you can gain a better understanding of the strategic- management process. Several of the best journals in which to find corporate strategy articles are Advanced Management Journal, Business Horizons, Long Range Planning, Journal of Business Strategy, and Strategic Management Journal. These journals are devoted to reporting the results of empirical research in management. They apply strategic- management concepts to specific organizations and industries. They introduce new strategic- management techniques and provide short case studies on selected firms. Other good journals in which to find strategic- management articles are Harvard Business Review, Sloan Management Review, California Management Review, Academy of Management Review, Academy of Management Journal, Academy of Management Executive, Journal of Management, and Journal of Small Business Management. In contrast to journals, several of the best magazines in which to find applied strategy articles are Dun’s Business Month, Fortune, Forbes, BusinessWeek, Inc., and Industry Week. Newspapers such as USA Today, Wall Street Journal, New York Times, and Barrons cover strategy events when they occur—for example, a joint venture announcement, a bankruptcy declaration, a new advertising campaign start, acquisition of a company, divestiture of a division, a chief executive officer's hiring or firing, or a hostile takeover attempt. In combination, journal, magazine, and newspaper articles can make the strategic- management course more exciting. They allow current strategies of for-profit and nonprofit organizations to be identified and studied. Instructions Step 1 Go to your college library (or online) and find a recent journal article that focuses ona strategic-management topic. Select your article from one of the journals listed above (not from a magazine). Copy the article and bring it to class. Step 2 Give a three-minute oral report summarizing the most important information in your journal article. Include comments giving your personal reaction to the article. Pass your article around in class. Answer: Step 1: Strategic management helps formulating strategies that help in smooth functioning of business in long term. With proper management firms can focus on better allocation of resources and effective and efficiency ways of carrying business. - Anarticle about TATA strategic management group (TSGM) explains various policies of firm that led to long run stable industry position till now. - This mainly focuses on strategy formulation, business analytics and performance improvement. - The company provides key management techniques to its clients that are not only affordable but with better quality as compared to their competitors in the market. Clearly the company has competitive advantage. - The TSGM focuses on building expert teams to cater its clients. This is one of the biggest strengths of TSGM. - The company followed market penetration strategy by expanding its network to cater non- TATA companies. It developed its market by expanding not only in homeland but also to countries like US and UK. - The TSGM integrated operation with TATA operational services to focus on investment advisory and government sector. - Positioning, branding and techno feasibility aspect are some its product development strategies to sustain its competitive advantage.11:44 & © 0 cae | X = @ clusters.top Clusters.Top wee 5 D This answer was provided by CS Place, click here to join the Discord. Question: Purpose This exercise focuses on how risky various alternative strategies are for organizations to pursue. Different degrees of risk are based largely on varying degrees of externality, defined as movement away from present business into new markets and products. In general, the greater the degree of externality, the greater the probability of loss resulting from unexpected events. High-risk strategies generally are less attractive than low-risk strategies. Instructions Step 1 On aseparate sheet of paper, number vertically from 1 to 10. Think of 1 as “most risky,” 2 as “next most risky,” and so forth to 10, “least risky.” Step 2 Write the following strategies beside the appropriate number to indicate how risky you believe the strategy is to pursue and WHY horizontal integration related diversification liquidation forward integration backward integration product development market development market penetration retrenchment unrelated diversification. Answer: In this strategy, a company intends to create anew product for a an unknown market, where the product will have established market players and we shall also be unaware Unrelated about the market dynamics of this new Diversification | market. We would be bound to invest more to overcome the cost of new entrant & the cost of new production facility inspite of high uncertainty of success and high risk in this strategy. In this strategy, we develop a new product for the market in which we are already established in. Thus, we shall be well acquainted with the market dynamics and Related hence, thus chances of failure decreases to a Diversification | great extent. In addition to this, it might also be possible that we could also utilize the already established systems/networks and thus reducing the investment requirement for this strategy. In this strategy, we are just developing anew product very closely related to our present product and present market, thus our expertise from the previous products will assist us in making prudent decisions in this Product case. We can also make minor alterations in Development our established production line & also use the same distribution networks for our new product. Hence, we can also say that the investment requirement for this strategy will will be quiet less and thus, the risk will also be lesser. In this, we intend to create a new market for our existing product. For successful implementation of this strategy, we would be required to invest in developing anew marketing campaign and establish anew Market product positioning. In this strategy, we shall Development — be unacquainted with the market dynamics of this new market. As there is no certainty about how the new customers will react to this exposure, the RO! over the investment will be unpredictable. In this strategy, we integrate our competitors product into our product line and thus, enhancing our product assortment. This will provide us with readymade new product and Horizontal also provide an exposure to anew market Integration without much of an investment. But there are also cases where horizontal integration led to self cannibalization or image dissociation in the customers thus causing huge losses for the business. itis a cost reduction and capability enhancing strategy where we attempt to pull in our supplier side functions into our business. This helps us achieve greater control over our supply chain and thus reducing the supply chain risk. But not having expertise in the supplier side function may lead us to incur higher cost in those functions and hence preventing us from enjoying the cost benefits of the strategy. Eventhough the investment made on this strategy is a bit risky but there is low risk to the established revenue stream. Backward Integration Itis also a cost reduction and capability enhancing strategy where we attempt to pull in our distribution side functions into our business. This helps us achieve greater control over our supply chain and thus reducing the supply chain risk. But not having expertise in the distribution side function may lead us to incur higher cost in those functions and hence preventing us from enjoying the cost benefits of the strategy and may also cause higher customer dissatisfaction due to poor distribution of products. Eventhough the investment made on this strategy is a bit risky but there is low risk to the established revenue stream. Forward Integration In this, we intend to improve upon the exposure of our present product to new segment of the customers. For being successful in this strategy, we would be required to invest in developing anew marketing campaign and possibly establish a Market new product positioning. As there is no Penetration certainty about how the customers will react to this exposure, the ROI over the investment will be unpredictable. It might also happen that the new product positioning creates a dissociation in the mind of the present customers and thus, impacting the present revenue flow. It is a cost reduction, process improving strategy where we make expense pruning. This is very low risk strategy as the maximum failure in this case is that the organization might fail to achieve its cost reduction targets. 9 Retrenchment In this strategy, the organization is closed down. As there is no liability associated to closure of business, this strategy has the least risk. 10 Liquidation Please Like & Provide your reviews in comments. )11:50 & @ 0 x aca) Clusters.Top Weare SF This answer was provided by CS Place, click here to join the Discord. Question: Lessons in Doing Business Globally Purpose The purpose of this exercise is to discover some important lessons learned by local businesses that do business internationally. Instructions Contact several local business leaders. Find at least three firms that engage in international or export operations. Visit the owner or manager of each business in person. Ask the businessperson to give you several important lessons that his or her firm has learned in globally doing business. Record the lessons on paper, and report your findings to the class. Answer: Step 1: Globalization has resulted in expansion of various businesses beyond geographical regions. Important lessons from international business are as follows: - Internal business helps in market development, product development and diversification at a global level. - However, there are various factors that affect the international business such as politics, law prevailing, media, religious sentiments, culture etc. - The exchange rate and interest rate plays an important role in the revenue of international business. - Various policies such as import tax, export subsidies and other incentives and duties influence the volume of exports and imports.11:59 & © 0 x aca) Clusters.Top 6A uae” This answer was provided by CS Place, click here to join the Discord. Question: Use the completed SWOT and SPACE matrices to draw conclusions regarding both the long term and short term strategies you would recommend in light of your findings. Step 1: On a separate sheet of paper, construct a large nine-cell diagram that will represent your SWOT Matrix. Appropriately label the cells. Step 2 : Appropriately record McDonald's opportunities/threats and strengths/weaknesses in your diagram. Step 3: Match external and internal factors to generate feasible alternative strategies for McDonald's. Record SO, WO, ST, and WT strategies in the appropriate cells of the SWOT Matrix. Use the proper notation to indicate the rationale for the strategies. You do not necessarily have to have strategies in all four strategy cells. Answer: bien tina Stes vps wacipraut aed12:19 & © 0 Ql 438%5 4 My pss” ~6C Association This answer was provided by CS Place, click here to join the Discord. Question: Can someone help me. | need a BCG Matrix of McDonald for the year 2016 create in Excel. BCG Matrix is a chart which show potential of McDonald's company’s products. Answer: Market share Question mark Chicken Burger McAloo tikki Masala Grill, Big Mac {Bacon McDouble12:38 & © 0 x aca) Clusters.Top tT Students Association This answer was provided by CS Place, click here to join the Discord. Question: Purpose Individuals and organizations are alike in many ways. Each has competitors, and each should plan for the future. Every individual and organization faces some external opportunities and threats and has some internal strengths and weaknesses. Both individuals and organizations establish objectives and allocate resources. These and other similarities make it possible for individuals to use many strategic- management concepts and tools. This exercise is designed to demonstrate how the SWOT Matrix can be used by individuals to plan their futures. As one nears completion of a college degree and begins interviewing for jobs, planning can be particularly important. instructions On a separate sheet of paper, construct a SWOT Matrix. Include what you consider to be your major external opportunities, your major external threats, your major strengths, and your major weaknesses. An internal weakness may be a low grade point average. An external opportunity may be that your university offers a graduate program that interests you. Match key external and internal factors by recording in the appropriate cell of the matrix alternative strategies or actions that would allow you to capitalize upon your strengths, overcome your weaknesses, take advantage of your external opportunities, and minimize the impact of external threats. Be sure to use the appropriate matching notation in the strategy cells of the matrix. Because every individual (and organization) is unique, there is no one right answer to this exercise. Answer: Strengths ¢ Strong college brand name ¢ Excellent placement support ¢ High alumni support ¢ Great teaching and mentoring support Weakness ¢ Inexperienced in interviewing ¢ Lacks market expertise ¢ Lacks negotiating skills Opportunity ¢ Joining coaching and mentoring sessions ¢ Taking peer group discussion and evaluation ¢ Browsing expert opinions and massive online certifications ¢ Applying jobs on job portals Threats ¢ Risisng economic slowdown « Extensive competition from peers ¢ Uncertainty of employment criteria ¢ Volatile job market and limited positions. Weaknesses and threats can be nullified using effective practice, joining mentoring and interview prep sessions, beingvwell versed with technical and management skills, establishing networking opportunities with job consultants.12:51 & © 0 X = @ clusters.top Sere. Top 6G Wi P seaten This answer was provided by CS Place, click here to join the Discord. Question: 5) ASSURANCE OF LEARNING EXERCISE: DEVELOP A BCG MATRIX FOR YOUR UNIVERSITY Purpose Developing a BCG Matrix for many nonprofit organizations, including colleges and universities, is a useful exercise. Of course, there are no profits for each division or department—and in some cases no revenues. However, you can be creative in performing a BCG Matrix. For example, the pie slice in the circles can represent the number of majors receiving jobs upon graduation, the number of faculty teaching in that area, or some other variable that you believe is important to consider. The size of the circles can represent the number of students majoring in particular departments or areas. Instructions Step 1 On a separate sheet of paper, develop a BCG Matrix for your university. Include all academic schools, departments, or colleges. Step 2 Diagram your BCG Matrix on the blackboard. Step 3 Discuss differences among the BCG Matrices on the board. Answer: Ans. Mod het) Sat « Gaeesbneanontla «Texaterkcegda organi nicest el Teac uma ve sda dbl «CahCos 1. « Reumonasetimretan te een Thesuel ryan cue cute het ees cue «Thecus ecuador «Das «Neral on angar oi pina ‘ ty beret ler cep ese ey " retin eh athesanrd she tn masini v Octo at yep ach heey canes gy ates ec in lui pon ut et i Kindly upvote please...[at vig X @ clusters.top Clusters.Top wpa a This answer was provided by CS Place, click here to join the Discord. Question: Purpose The Grand Strategy Matrix is a popular tool for formulating alternative strategies. All organizations can be positioned in one of the Grand Strategy Matrix’s four strategy quadrants. The divisions of a firm likewise could be positioned. The Grand Strategy Matrix is based on two evaluative dimensions: competitive position and market growth. Appropriate strategies for an organization to consider are listed in sequential order of attractiveness in each quadrant of the matrix. This exercise gives you experience using a Grand Strategy Matrix. Instructions Using the year-end 2008 financial information provided, prepare a Grand Strategy Matrix on a separate sheet of paper. Write the respective company names in the appropriate quadrant of the matrix. Based on this analysis, what strategies are recommended for each company? Company Company Sales/ Profit Growth (%) Industry Industry Sales/ Profit Growth (%) Boeing -8 / -34 Aerospace/defense +7 / +13 DuPont +4 / -33 Chemicals +7 / -23 Wal-Mart +7 / +5 General merchandise -3 / -44 Sears Holdings -8 / -94 General merchandise -3 / -44 Black & Decker -7 / -43 Home equipment -9 / -111 TIAA-CREF +7 / +7 Insurance -1 / -178 Nucor +43 / +24 Metals -16 / -24 Allegheny -3 / -24 Metals -16 / -24 Answer: The companies are categorized as follows Comany | Industry Profit Profit Market Comp Comany Sales Sales Gw Gw Growth Advantge Boeing 8% -34% 7% 13% | slow weak DuPont 4% -33% 7% -23% — slow weak TH Wle'Sllocatién to theS¥fatrix is sAdwn axi4% — rapid strong Rapid Market Growth 44% — slow weak ® 2 Alleghemy Wal-Mart # -111% | slow strong © ‘TIAA-CREF g 3 Nucor ° | a (Quadrant 2) (Quadrant 2) 3 -178% rapid strong 8 B 24% rapid strong % Boeing Bo = oe Black & Decker g -24% rapid weak (Quadrant 3) (Quadrant 4) Slow Market Growth And the respective strategies are as follows, * The strategies for quadrant 1 are u Market development u Market penetration u Product Development u Forward, Backward and Horizontal Integration u Related Diverfication * The strategies for quadrant 2 are u Market development and penetration u Product Development u Diverstiture u Liquidation * The strategies for quadrant 3 are u Retrenchment u Related Diversification u Unrelated Diversification u Liquidation and Divestiture * The strategies for quadrant 4 are u Related Diversification u Unrelated Diversification u Joint Ventures