Chapter 2—Strategic Planning for Competitive Advantage TRUE/FALSE 1. The manufacturer of Macho brand martial arts products was implementing a strategic plan when it sponsored a local karate tournament for teenagers. ANS: F Such a short-range decision is typically a tactical plan or operating decision‚ not a strategic plan. PTS: 1 OBJ: 02-1 TOP: AACSB Reflective Thinking KEY: CB&E Model Strategy MSC: BLOOMS Level III Application 2. Berkshire Hathaway Inc.‚ a large property insurance company
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AO4 Planning Customer Service Standards Planning customer service standards is important for both the company and the customer as it ensures that the service received is consistent throughout the company. It is important to show consistency throughout the company as it ensures that everybody knows the standard of the service to be given and prevents poor customer service from being carried out which can affect the company. Another reason why it is important to set customer service standards is
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Title: For a firm of your choosing (but not one of the firms studied in class‚ describe all of the elements of the strategic Service Vision (SSV) and assess the degree of ‘fit’ between the SSV and the firm’s Strategy/Environment. What would you change in the operations strategy or service system to increase the potential profitability and/or value to the customer? Company (Service Provider) Chosen: Ryanair Word Count: 3327 Words (not including Cover Page and Bibliography) [pic] Ryanair
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Harvard Business Review January 1994 The Fall and Rise of Strategic Planning by Henry Mintzberg When strategic planning arrived on the scene in the mid-‐1960s‚ corporate leaders embraced it as “the one best way” to devise and implement strategies that would enhance the competitiveness of each business
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A business strategy is the means by which it sets out to achieve its desired ends (objectives). It can simply be described as a long-term business planning. Typically a business strategy will cover a period of about 3-5 years (sometimes even longer). A business strategy is concerned with major resource issues e.g. raising the finance to build a new factory or plant. Strategies are also concerned with deciding on what products to allocate major resources to - for example when Coca-Cola launched Pooh
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Chapter 2 Objectives LO 2-1 Explain the role of vision‚ mission‚ and values in the strategic management A vision captures an organization’s aspirations. An effective vision inspires members of the organization A mission statement describes what an organization actually does- what its business is- and why it does it. Values define the ethical standards and norms that should govern the behavior of individuals within the firm LO 2-2 Describe and evaluate the role of strategic intent in achieving
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Implementing Strategic Planning in the Lebanese Public Administration OUTLINE A- Introduction……………………………………………………………………………….3 I- Importance of introducing strategic planning in Lebanon’s public administration…..4 II- Missions of strategic planning in Lebanon’s public administration……………...…..5 III- Strategic planning department’s structure proposal……………………………...…...6 1) Organizational Structure…………………………………………………………..6 2) Positions……………………………………………………………………...…...7 3) Job Descriptions……………………………………………………………
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Country Risk and Strategic Planning Analysis November 4th‚ 2013 Team A Sharon Bubak‚ Scott Kappers‚ Phill Campagna‚ LeoNita Bigos-Erickson MGT 448 – Week 3 Natalia Enders Political‚ legal‚ regulatory risks‚ exchange and repatriation of funds risk‚ competitive risk assessment as well as tax and double taxation must be considered with a business plan‚ especially when going international . Australia has similar liberal political and legal values‚ similar to the UK and the United
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9.3 HSC Core: Parenting and Caring Becoming parents and carers Parent: individual who cares for an infant from birth until independence. Carer: individual who takes on role of looking after someone who is ill or dependent. Being a parent or carer is one of them most demanding jobs there is. Children need to learn how to be strong‚ to develop the ability to make decisions‚ and be responsible and trustworthy. They should learn how to love and be loved‚ to care about people and show respect
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first-rate newspaper and over the years‚ its writers have won awards for their work. Ultimately‚ it will be operating from a 40‚000sq.feet unit near the downtown and have annualized sales of $300‚000 and be profitable. It will employ 18 people mainly engaged in Research & Development‚ Marketing‚ Sales and Admin. The Chronicle Gazette will continue to expand through and acquisitions in related market segments. The Chronicle Gazette designs‚ develops and markets advanced systems for specialist data capture
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