STRATEGIC MANAGEMENT CHAPTER 4: OUTLINE Functional – Level Strategies: 1. Efficiency 2. Quality 3. Innovation 4. Customer Responsiveness Economies of Scale are unit cost reductions associated with a large scale of output. Fixed Costs are costs that must be incurred to produce a product whatever the level of output; examples are the cots of purchasing machinery‚ setting up machinery for individual production runs‚ building facilities‚ advertising‚ and R&D. Diseconomies of Scale are
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Marketing Intelligence & Planning Emerald Article: Managing strategic planning paradigms in China Hong Liu‚ Lars-Uno Roos Article information: To cite this document: Hong Liu‚ Lars-Uno Roos‚ (2006)‚"Managing strategic planning paradigms in China"‚ Marketing Intelligence & Planning‚ Vol. 24 Iss: 5 pp. 432 - 445 Permanent link to this document: http://dx.doi.org/10.1108/02634500610682845 Downloaded on: 18-12-2012 References: This document contains references to 35 other documents Citations:
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Essentials of Strategic Management‚ 3rd Edition Chapter 9 Implementing Strategy Through Organizational Design Name: __________________________ Date: _____________ 1. T F Strategy is implemented through organizational design. ANS: True PTS: 1 REF: 227 NAT: AACSB Analytic | AACSB Strategy 2. T F Organizational design means selecting the combination of organizational structure and control systems that lets a company
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Answers to Chapter 3 Exercises 3.1. DRAM factory. You own and operate a facility located in Taiwan that manufactures 64-megabit dynamic random-access memory chips (DRAMs) for personal computers (PCs). One year ago you acquired the land for this facility for $2 million‚ and used $3 million of your own money to finance the plant and equipment needed for DRAM manufacturing. Your facility has a maximum capacity of 10 million chips per year. Your cost of funds is 10% per year for either borrowing
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Answer Sheet – Marketing Management – EMBA 1st Semester Dec-2014 Student: Shafeeque A Magami Course: One Year Executive MBA Register No: N14NOV/959 Answer-1: Explain Pricing Policy. The policy by which a company determines the wholesale and retail prices for its products or services. Pricing is the manual or automatic process of applying prices to purchase and sales orders‚ based on factors such as: a fixed amount‚ quantity break‚ promotion or sales campaign‚ specific vendor quote‚ price prevailing
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QUESTION 4 A) What would be the two advantages of 2nd mover over the 1st mover like Lin Wei ANSWER : The advantages of 2nd mover is get to study and observe the customer’s reactions‚ the extent of product innovations‚ mistakes of first movers so that they would try to avoid similar problems. By doing that‚ the 2nd movers would able to minimize huge capitals investments. Apply to this case‚ the second mover the second movers can study the market feedback about Lin Wei business whether
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Chapter 1: Strategic Management Study online at quizlet.com/_bct04 1. 5 Criteria of Strategic Objectives?: 1. Measurable 2. Specific 3. Appropriate 4. Realistic 5. Timely 2. Intended strategy?: strategy in which organizational decisions 15. 16. 5. 17. 6. Romantic view of leadership: situations in which the leader 18. Stakeholder symbiosis?: Stakeholders are dependent upon 8. Strategic management: consists of the analyses‚ decisions‚ 19. 20. organizations who have a "stake" in the
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Strategy Strategic marketing plays a significant role in today’s competitive environment. Strategic marketing can help to distinguish the company from its competitors. Proper planning and implementation of strategy can provide advantage over other companies. According to Johnson & Whittington (2008)‚ strategy is a long term planning of the company‚ think of the near of distant future where the company wants to be and what it wants to achieve. Its direction and scope helps exploit companies’ available
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MGNT 3430: Operations Management Fall 2014 Homework 1 Answers Discussion Questions Q6 (p. 25). Although all nine of the competitive priorities discussed in this chapter are relevant to a company’s success in the marketplace‚ explain why a company should not necessarily try to excel in all of them. What determines the choice of the competitive priorities that a company should emphasize for its key processes? Answer. It is often not a good idea for a company to try to excel in all of the competitive
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Introduction to Business Law and Ethics Timothy Riley Grand Canyon University Module 2 May 5‚ 2013 Instructor: Pedro Moreno Chapter 5 Garelli Wong‚ Inc. v. William M. Nichols‚ Case 1:07-CV-06227 The court found in favor of Nichols. Due to the fact‚ that Garelli Wong’s complaint did not warrant any merit. All three counts were dismissed. The decision was based on‚ that due to its sole jurisdiction over the case‚ they dismissed the Garelli Wong’s claims based on “When a district court
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