Question
D3 Every company's strategic challenge is to set a strategy and incorporate it into all the planning, decisions, and actions taken to operate all areas
D3
Every company's strategic challenge is to set a strategy and incorporate it into all the planning, decisions, and actions taken to operate all areas of their business. To track progress, a company will regularly monitor performance measurements and make adjustments in its planning and actions for the next period.
Assignment 2 allows you to practice using the GLO-BUS simulation to input scenarios to achieve a successful result based on your selected choice of strategy.
This assignment covers the following course learning outcomes:
- 2.5 Discuss and implement strategies to maximize shareholder wealth
- 2.6 Develop and implement strategies that will result in the corporation attaining a competitive advantage in the market
- 3.2 Discuss and simulate the implementation of different strategies companies can pursue in markets
- 4.3 Assess a company's financial condition and decide what proactive approaches to take
- 4.6 Develop financial and cost management skills
How to Proceed
There are two (2) parts to this assignment: (i) inputting decisions/actions and (ii) submitting a report. The inputting task must be completed by the end of module 7 and the report document must be submitted by the end of module 8.
(i) Strategy Input
For this practice activity, choose a strategy and input different scenarios to achieve a successful result. You may choose not to reveal your "actual" strategy for gameplay, but rather use a strategy to give yourself practice translating your business strategy into actions taken to manage your business operations.
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