Reference no: EM131185994
Assessment : Strategic Direction Team Report
•APA referencing
Given below is the link where simulation has to be done,
www.onlinelearningzone.com
username is: [email protected]
password is: 1590618848
Assignment is relate to identifying and justifying your strategy for your firm moving forward. Word count maximum 1500 words
Developing a strategy for your firm is a key part of success in the simulation environment and in real life business operations. Your strategy will serve as your firm's "roadmap" throughout the simulation. A strategy consists of an integrated set of choices.
Most strategic plans focus on one or two such elements, often leaving large gaps in the overall strategy. Ensure you look at your strategy as a whole. You are required to consider the following elements in your assignment 2 in an environmental scan and analysis of your firm using the tools in the course. You need to complete the following
1. analyse your simulation firm
2. use at least TWO of analytical tools to further analyse the environment
3. identify and summarise the gaps in the firm
4. build objectives for your firm and all functional areas
5. formulate a strategy for all functional areas and business level strategy
6. offer options and then decide on a recommendation for the future .
Be specific and offer .your contingencies
Title page, executive summary, references , tables, figures and diagrams do not count in your word limit.
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Problem regarding the types of elasticity
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Describe the roles of the judge and the jury
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Types of elasticity such as relatively inelastic
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Developing a strategy for your firm is a key part of success
: Developing a strategy for your firm is a key part of success in the simulation environment and in real life business operations.
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Example of howcost-benefit analysis
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Four-year university degree
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: The marginal cost of an additional unit of output is the cost ofthe additional inputs needed to produce that output. More formally,the marginal cost is the derivative of total production costs withrespect to the level of output.
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