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Question 1: (a) What is diversification? Distinguish between the different types of diversification. (b) Give the advantages and disadvantages of these types of diversifica
Three ways of sustaining competitive benefit are? Ans) differentiation, Price-based strategies and lock-in
Strategic management is a systematic analysis of the internal and external factors to develop strategic actions for organizational goals (Dobson & Richards, 2004). Bread Talk is a
do all organisations need strategic plans
The functions of a performance measurement system; - Publicise direction for 'everyone to follow' e.g. partners, managers, directors, team members and other stakeholders. -
A highly perishable drug spoils after three days. That is, a fresh unit on day t may be used on day t, day t+1, and day t+2, but must be disposed of at the end of day t+2. Each
Strategy used to gain as much sales volume as possible as fast as possible by undercutting competitors' prices.
Q. Evaluate Total shareholder return? Total shareholder return (TSR) TSR = {(Dividend per share + Growth in share price) / (Market share price at the start of the period)
Discuss the key activities of the strategic management process. Explain why it is important for managers to recognise the interdependent nature of these activities.
a) Use appropriate tools to examine the affects of present business plans. b) Review the position of an organization in its present market. c) Measure the competitive strengths
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