Why is it important for a firm to develop and implement a business-level strategy?
What will be an ideal response?
The purpose of a business-level strategy is to create differences between the firm's position and those of its competitors. To position itself differently from competitors, a firm must decide if it intends to perform activities differently or if it will perform different activities. Strategy defines the path that provides the direction of actions organizational leaders take to help their firm achieve success. The firm's business-level strategy is a deliberate choice about how it will perform the value chain's primary and support activities to create unique value. In the current complex competitive landscape, successful use of a business-level strategy results from the firm learning how to integrate the activities it performs in ways that create superior value for customers.
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Summarizing information, drawing conclusions and developing recommendations are steps in which aspect of supporting your message with reliable research?
A) Locating the data needed B) Processing the data C) Applying the findings D) Managing the information E) Planning the research
Triumph Division of Traveling Fantasies, is evaluated based on residual income generated. In the most recent year, the Triumph Division generated a residual income of $2,000,000 and net income of $5,000,000 . The target rate of return for all divisions of Traveling Fantasies is 20%. What was the return on investment for the Triumph Division?
a. 40% b. 13% c. 20% d. 33%
What percentage of international assignments fail mainly due to the inability to adapt to cultural differences?
A. 75 percent B. 50 percent C. 33 percent D. 10 percent E. 22 percent
A run-out policy of product deletion
A. lets the product decline without changing the product strategy. B. is an immediate-drop decision. C. exploits any strengths left in the product. D. raises the price of the product continually to secure as much profit as possible before the product is priced out of the market. E. occurs when production cannot keep pace with demand because of material shortages.