What are some of the problems associated with matrix approaches?
What will be an ideal response?
The BCG and other formal methods revolutionized strategic planning. However, such centralized approaches have limitations: They can be difficult, time-consuming, and costly to implement. Management may find it difficult to define SBUs and measure market share and growth. In addition, these approaches focus on classifying current businesses but provide little advice for future planning.
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This question has three parts; be sure to answer each one. First, explain soldiering. Second, describe the four principles of science that Frederick Taylor believed managers could use to eliminate soldiering. Third, imagine that you manage a small landscaping firm where you believe that the workers are soldiering because they are resentful of having to work in high levels of heat and humidity. Describe the specific actions you would take to overcome soldiering among this group of workers.
What will be an ideal response?
The theory that suggests that established retailers must be cautious in converting from a low-end strategy to a high-end strategy is _____
a. the wheel of retailing b. scrambled merchandising c. rationalized retailing d. the retail life cycle
In theory, the concept of differential pricing decreases total cost for a firm
Indicate whether the statement is true or false.
Explain the purposes, types, and uses of special journals.
What will be an ideal response?