Q1. Define Strategy. Explain the process of Strategic Management. (10) Johnson and Scholes (Exploring Corporate Strategy) define strategy as follows: "Strategy is the direction and scope of an organisation over the long-term: which achieves advantage for the organisation through its configuration of resources within a challenging environment‚ to meet the needs of markets and to fulfill stakeholder expectations". Strategy is an action that managers take to attain one or more
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1st of February 2013 Business organization and management Business size Small business: e.g. Independent service-station‚ restaurant Medium business: e.g. coffee club‚ nando’s Large business: Maccas‚ red rooster‚ kfc Economies of scale; this term refers to the lower costs per unit of output as a result of operating on a larger scale. Question 1. What is meant by economies of scale? Provide 3 examples of typical economies of scale enjoyed by large organizations: a) Coles (big
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1. What are your organisations core business activities and its core processes? Businesses core business activity is something it does especially well in comparison to its competitors. It has an advantage because the Company acquires expertise that competitors do not have. The processes may be such things as better research‚ better manufacturing processes‚ technology etc. 2. What environmental management issues must be taken into consideration when planning and managing the organisations operations
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); Bocij‚ P.; Greasley‚ A.; Hickie‚ S.; (2006)‚ Business Information Systems: Technology Development and Management for the E-Business‚ 3rd Edition‚ London: FT Pitman. Chaffey‚ D (b) (2002); E-Business and E-Commerce Management‚‚ Edinburgh : Prentice Hall Pearson Clarke‚ S.; (2001); Information Systems Strategic Management‚ London: Routledge. Dawson‚ G et al; (2004)‚ Business perspective: The IS View on Delivering Services to the Business. UK: TSO Foster‚ S.T.; (2001)‚ Managing Quality:
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refers to the use of corrective measures taken to ensure that actual outcomes equal to the budgeted outcomes‚ by regular monitoring of budgets & investigating the reasons for any variances. The purpose & importance of budget 1. Planning and guidance – During the planning stage of budgeting‚ question such as‚ how much should he firm spend on marketing; how many workers are needed & how much do they cost to the organisation; how much money to be kept aside for contingency fund; etc might be asked.
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MSc in Marketing & Strategy Title: In a dynamic business world‚ phrases such as ’strategic planning ’‚ ’marketing planning ’ or ’change management ’ are oxymoronic! This work is submitted as part of the requirements for the MSc in Marketing & Strategy. The work contained in this assignment is my own‚ individual and original work and has not been used in whole or in part for any other assessment on this or any other degree. I have read and understand the University rules on Plagiarism
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Chapter 1 Review Questions 1. Define what is encompassed in the term information technology. Information technology includes both the computer technology that enables the processing and storing of information as well as the communication technology that enables the transmission of this information. 2. What are some of the ways that IT has become “pervasive”? In the workplace‚ IT has become commonplace. It is becoming rare for an employee in most industries to
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Question One Discuss any four social responsibility issues this company is faced with. The essence of social responsibility is summed up in this quotation from the Watkinson Report (1973): “A company should behave like a good citizen in business. The law does not (and cannot) contain or prescribe the whole duty of a citizen. A good citizentakes account of the interests of others besidehimself and tries to exercise aninformal and imaginative ethical judgment in deciding what he should or
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Business Management 1B 01/ 08 / 2012 Question 1 1.1a) Metro police officers are overweight and unfit. b) Senior Offices don’t want to keep in shape because they feel physical fitness is no longer requirement for them e.g. Chief Robert McBride. c) Shortage of staff restricts Metro police from forcing it member to go to gym for an hour. d)Lack of discipline “ you find that officers don’t keep fit immediately
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MANAGEMENT COLLEGE OF SOUTHERN AFRICA(MANCOSA)ASSIGNMENT COVER SHEET | SURNAME | Ndlovu | FIRST NAME(S) | Lungiswa Precious | STUDENT NUMBER | 500146 | MODULE NAME | Business Management 1B | ASSIGNMENT NUMBER | 01 | TUTOR’S NAME | Ashay Nathoo | EXAMINATION VENUE | Durban | DATE SUBMITTED | | SUBMISSION (√) | 1st SUBMISSION | √ | 2nd SUBMISSION | | POSTAL ADDRESS | C790 Amatikulu Road | | Kwa-Mashu | | 4360 | EMAIL | NdlovuLP@eskom.co.za | CONTACT NUMBERS | Work: 031 279 6424 |
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