Question
(1) What is benchmarking? How is benchmarking used as an effective tool for managing organizations? (2) What is a value chain? How does a company's
(1) What is benchmarking? How is benchmarking used as an effective tool for managing organizations?
(2) What is a value chain? How does a company's supply chain fit into a company's value chain? What are some options for remedying a cost disadvantage in a company's value chain? What are some options for managing a company's supply chain exposure to climate change?
(3) What is corporate governance? What is the role of the Board of Directors in the strategy formulation/strategy execution process? What have been some of the failures of corporate governance in the 21st Century?
(4) Explain the term competitive strategy? What are the five basic options that a company has for a competitive strategy?
(5) What is a company's business model? Why is it so important that a company get its business model right? How can companies establish a winning post-pandemic business model?
(6) Outline and detail a PESTEL analysis. Discuss how likely a particular industry may be disrupted by a major shift in the macro-environment. How can companies adapt to these major shifts?
(7) Within the framework of the Five-Forces Model of Competition, describe the competitive force of buyers. What are some of the factors that increase the threat of buyers in a particular industry? What are some of the conditions that would decrease the threat of buyers?
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