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Components of Strategy
Strategy has four basic components:Scope: which refers to the position the firm wants to have in relation to its environment.
Resource deployment indicates how the organization intends to allocate resources.
Competitive advantage is the specification of what advantage(s) the firm holds relative to competitors and
Synergy is the extent to which various businesses within the firm can expect to draw on one another.
DF Company, a relatively new company, is in the business of designing and building farm equipment and machinery. Whilst it has been winning in its first few years of operation, sal
Question 1: (a) ‘One of the most powerful concept as advocated by Total Quality Management is that of the internal customer and supplier.' With reference to examples you ar
Over the years, E has had a number of business successes in the building trade and property development. Her latest venture is to build a hotel in YX town. E has already gained the
PERIL Database The Project Experience Risk Information Library (PERIL) is a database, which provides a basis for the analysis of high-tech project risk. A project can have
operating costs with quarterly breakup
How is Inventory control worked for an optimum balance between competing objectives? Inventory control is related with achieving an optimum balance in between two competing obj
P Company manufactures and sells a range of children's clothing through its retail shops and is currently designing a website in order to allow customers to purchase products onlin
What do you mean by the term dependency? How can project dependencies be shown for planning reasons? Dependency arises when, for illustration, task or deliverable 'A' should be
What are the Advantages of Division of Labour? Advantages of Division of Labour: As very similar worker does the same work frequently:- a. It gains proficiency and ski
Empowering the staff assists to accomplish optimal business results through team work. Empowerment occurs when employees are adequately trained, provided with all relevant inf
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