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Globalization, innovation and sustainability Globalization, innovation and sustainability are new concepts in understanding strategy. I used to think that strategy means planning or setting tasks to achieve a goal. With the integration of globalization, innovation and sustainability, strategy means long …
Strategic Management and Business Practices Strategic management plays the most important role in the practices of a business. However in an attempt to increase the firm success, strategies have to select among two or more than two alternative options for …
Best methods for evaluating the performance of the top management team In order to evaluate the performance of teamwork for top management, one can look at the leadership and the way the team present the company or project. Usually in …
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ROI might not be the best measure of firm performance Return on investment is calculated as: (the gains from investment – cost of investment) / cost of investment. It is a popular metric used to measure the firm performance, because …
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What issues would you consider to be the most important for a company that is considering the use of a functional structure? Functional structure has issues especially with the definition of functions. In the formulation phase, if the functions and …
How do timing tactics impact the strategy implementation efforts of a company? Timing is everything in business because the product life cycle runs the operation strategy as well as other strategies. Since everything evolves around the product life cycle like …
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How are corporate scenarios used in the development of an effective strategy? Scenarios give the test runs for development of effective strategy. After planning the strategy is implemented and corrected by trial and error. Using corporate scenarios, company can test …
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How can Operation Strategy be used to understand and exploit a particular offering? Operations strategy “determines how and where a product or service is to be manufactured, the level of vertical integration in the production process, the deployment of physical …
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Resource based view and competitive advantage Resource-based view of the firm provide a superior means of evaluating a company’s competitive advantage. Resources are company’s assets, and they are also the materials used to produce the goods and services for sales. …
Global Corporate Citizenship In this course, we have addressed the repercussions of advances in technology: biomedical technology, Internet of Things, mobile technology, cloud computing, artificial intelligence,sustainable energy, driverless cars, robotics, social media, water management, GMOs, etc. Choose any three of …