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Question 1:
Describe the main growth strategies that a firm can pursue and discuss conditions that favour each strategic option. Support your answer with suitable examples.
Question 2:
Discuss the following statement:
"Post-action controls are sufficient to monitor the entire strategic planning process."
Question 3:
Identification of the best strategy alone does not guarantee success. It is therefore worth paying appropriate and adequate attention to how it is executed. Discuss.
Question 4:
Michael Porter proposed the value chain as an appropriate model to analyse the firm in terms of value-creating activities. Describe the value chain and discuss how firms can use it to create competitive advantages.
Attributes - Statistical Process Control On the other hand, some processes have outputs with attributes to be controlled where counting the number of defects is more appropria
Hidden Markov Models: We discussed an example of determining the most probable state path with the Viterbi algorithm. We also discussed in the class how to calculate the margi
Numerous laws that are enacted to protect consumers have been passed and business leaders have evolved to reflect this focus on consumer safety. Select one of the laws in Appendix
Q: Are service operations different from manufacturing operations? Ans: The immediate answer is yes. However, if we categorise operating systems by one of the variables mention
There are a number of factors that affect the expansion of a multinational firm, including macroeconomic, political, regulatory, cultural, and social. Choose one multinational orga
1. Draw a process flow diagram of the process described in the case. Be sure to identify the key resources involved and the task times at each step. 2. What is utilization at ea
What is the strategic significance of Design in operations management?
A manager must make a decision on shipping. There are two shippers, A and B. Both offer a two-day rate: A for $536 and B for $525. In addition, A offers a three-day rate of $464 an
The issue of fraud must be considered when managing risk as it could present a major liability to the organization. Fraud is an act that requires an aggressive response and correct
Platts and Gregory Approach - Operation Management The Platts and Gregory approach has three steps and is based on the approach of comparing what the market wants with how the
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