Find Related Questions by Tags, levels, etc.
Find Related Questions by Tags, levels, etc.
4. (b) The macro-environment contains several conditions and factors that systematically present opportunities or pose threats to organizations in their effort to gain competitive advantage. The factors in the macro-environment for the purpose of effective analysis are grouped using the PEST model, which represents political, economic, socio-cultural, and technological factors. Understanding these factors will influence the kind of strategies business organizations would formulate.
Required:
State and explain FIVE (5) economic factors which determine the nature of opportunities or threats that organizations may face.
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Organisations that intend to remain focused on the achievement of their objectives develop and apply different business models to guide them in their operations. One of such models is the Ansoff Growth Matrix.
Required:
Explain the Ansoff Growth matrix with emphasis on its components. (10 marks)
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Strategic Planning Process is important for the strategic management of companies. Organisations from both the private and public sectors are increasingly embracing the practice of strategic planning in anticipation that it will translate into improved performance. It is practised widely, formally and informally.
Required:
Explain the strategic planning process. (14 marks)
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Every product is said to go through a life cycle that has been classified into four stages. Therefore, in an attempt to reap the maximum benefits from a product or service, the marketer periodically determines the stage of the product/service in the life cycle to devise the appropriate strategies in that direction.
Required:
Explain FOUR (4) stages of a product life cycle. (10 marks)
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Boston Consulting Group (BCG) matrix analysis is used to classify Strategic Business Units (SBUs) within an organization’s portfolio of products and services based on their respective market share and growth rate. It is a key aspect of strategic capability to ensure that the portfolio is strong.
Required:
Identify and explain the FOUR (4) categories in the model. (10 marks)
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Strategies in organizations develop in different ways, and one way of explaining strategies is to make a distinction between deliberate strategy, emergent strategy, and incremental strategy.
Required:
Explain each of the strategies outlined above. (12 marks)
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TestCo Company Ltd (TCL) introduced a product, YZ Sap, into the North East Region market and the patronage was very encouraging. In a conversation with a friend, the Managing Director of TCL, Asembibeba, made a strong case for taking risks without necessarily planning for the outcome. In his opinion, introducing YZ Sap into the North East Region without a formal planning process and its positive outcome suggests that planning is not necessary when entering a new untapped market.
Required:
a) Write a note to Asembibeba explaining clearly FIVE (5) reasons why there is the need for planning before embarking on a business venture. (10 marks)
b) Write a second note to Asembibeba explaining FIVE (5) advantages of a formal system of strategic planning when embarking on a business venture. (10 marks)
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An organization’s strategic decisions are categorized into entity/corporate level strategies and functional level strategies. Indicate how the two differ based on the following:
i) Key activity/function (2 marks)
ii) Risks associated with their decisions (2 marks)
iii) Type of decisions (2 marks)
iv) Duration of their decisions (2 marks)
Find Related Questions by Tags, levels, etc.
Find Related Questions by Tags, levels, etc.
Find Related Questions by Tags, levels, etc.
4. (b) The macro-environment contains several conditions and factors that systematically present opportunities or pose threats to organizations in their effort to gain competitive advantage. The factors in the macro-environment for the purpose of effective analysis are grouped using the PEST model, which represents political, economic, socio-cultural, and technological factors. Understanding these factors will influence the kind of strategies business organizations would formulate.
Required:
State and explain FIVE (5) economic factors which determine the nature of opportunities or threats that organizations may face.
Find Related Questions by Tags, levels, etc.
Organisations that intend to remain focused on the achievement of their objectives develop and apply different business models to guide them in their operations. One of such models is the Ansoff Growth Matrix.
Required:
Explain the Ansoff Growth matrix with emphasis on its components. (10 marks)
Find Related Questions by Tags, levels, etc.
Strategic Planning Process is important for the strategic management of companies. Organisations from both the private and public sectors are increasingly embracing the practice of strategic planning in anticipation that it will translate into improved performance. It is practised widely, formally and informally.
Required:
Explain the strategic planning process. (14 marks)
Find Related Questions by Tags, levels, etc.
Every product is said to go through a life cycle that has been classified into four stages. Therefore, in an attempt to reap the maximum benefits from a product or service, the marketer periodically determines the stage of the product/service in the life cycle to devise the appropriate strategies in that direction.
Required:
Explain FOUR (4) stages of a product life cycle. (10 marks)
Find Related Questions by Tags, levels, etc.
Boston Consulting Group (BCG) matrix analysis is used to classify Strategic Business Units (SBUs) within an organization’s portfolio of products and services based on their respective market share and growth rate. It is a key aspect of strategic capability to ensure that the portfolio is strong.
Required:
Identify and explain the FOUR (4) categories in the model. (10 marks)
Find Related Questions by Tags, levels, etc.
Strategies in organizations develop in different ways, and one way of explaining strategies is to make a distinction between deliberate strategy, emergent strategy, and incremental strategy.
Required:
Explain each of the strategies outlined above. (12 marks)
Find Related Questions by Tags, levels, etc.
TestCo Company Ltd (TCL) introduced a product, YZ Sap, into the North East Region market and the patronage was very encouraging. In a conversation with a friend, the Managing Director of TCL, Asembibeba, made a strong case for taking risks without necessarily planning for the outcome. In his opinion, introducing YZ Sap into the North East Region without a formal planning process and its positive outcome suggests that planning is not necessary when entering a new untapped market.
Required:
a) Write a note to Asembibeba explaining clearly FIVE (5) reasons why there is the need for planning before embarking on a business venture. (10 marks)
b) Write a second note to Asembibeba explaining FIVE (5) advantages of a formal system of strategic planning when embarking on a business venture. (10 marks)
Find Related Questions by Tags, levels, etc.
An organization’s strategic decisions are categorized into entity/corporate level strategies and functional level strategies. Indicate how the two differ based on the following:
i) Key activity/function (2 marks)
ii) Risks associated with their decisions (2 marks)
iii) Type of decisions (2 marks)
iv) Duration of their decisions (2 marks)
Find Related Questions by Tags, levels, etc.
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