Please answer only the first three questions.

1. Analyze the value chain to help Jack better understand the nature of the competition between the Bulls and the Buffaloes and to identify opportunities for adding value and/or reducing cost at each activity.

2. Refer to the information above, regarding the Waynesboro Bulls. Prepare a SWOT analysis for the Bulls.

3. Refer to the information, regarding the Waynesboro Bulls. Prepare a balanced scorecard for the Bulls.

Waynesboro Bulls 2. SWOT Analysis Required Refer to the information above, regarding the Waynesboro Bulls. Prepare a SWOT analysis for the Bulls. The Waynesboro Bulls are a Class AA baseball team and farm club for the Atlanta Braves. The Bulls's league consists of eight teams that are all located within a 150-mile radius of Waynesboro. The Bulls ranked sixth of eight last year but have high hopes for the coming season in part because of the acquisition at the end of the last season of a great new pitcher, Wing Powers. Wing had the second-best ERA last season. Wing is also a popular player, seen frequently in the community, using his humor and occasionally outrageous behavior to develop a local fan club called the "Wingers." None of the other players comes close to Wing in popularity. Head Coach Bud Brown, a 15year veteran of the Bulls, is optimistic for the coming season, noting the team's luck has "got to change." The Bulls have had only two winning seasons in the last 10 years. The Waynesboro baseball park is somewhat typical of AA parks, though somewhat older and a bit smaller. It serves a variety of soda, beer, and nachos to its fans on game days. Also, in a 150-mile radius of Waynesboro are three NASCAR venues, two outdoor concert venues, 12 colleges with competitive sports teams, one major league football team, and one major league basketball team. There is no major league baseball team. Jack Smith, a consultant for the Waynesboro Bulls, has been asked to complete a valuechain analysis of the franchise with a particular focus on a comparison with a nearby competing team, the Durham Buffaloes. Jack has been able to collect selected cost data as follows for each of the six steps in the value chain. Single-ticket prices range from $4.50 to $8.00, and average paying attendance is approximately 2,200 for Waynesboro and 3,400 for Durham. Required Analyze the value chain to help Jack better understand the nature of the competition between the Bulls and the Buffaloes and to identify opportunities for adding value and/or reducing cost at each activity. 3. The Balanced Scorecard Required Refer to the information, regarding the Waynesboro Bulls. Prepare a balanced scorecard for the Bulls. Please visit Connect to access a narrated, animated tutorial for solving these problems. Questions 1. Identify and explain the two types of competitive strategy. 2. Identify three or four well-known firms that succeed through cost leadership. 3. Identify three or four well-known firms that succeed through product differentiation. 4. How are the four strategic resources-SWOT analysis, execution, the value chain, and the balanced scorecard-linked in a comprehensive strategic analysis? 5. What is a strategy map and how is it used? 6. What is SWOT analysis? For what is it used? 7. What is the role of the management accountant regarding nonfinancial performance measures such as delivery speed and customer satisfaction? 8. What is a critical success factor? What is its role in strategic management and in cost management? 9. Identify four or five potential critical success factors for a manufacturer of industrial chemicals. 10. Identify four or five potential critical success factors for a large savings and loan institution. 11. Identify four or five potential critical success factors for a small chain of retail jewelry stores. 12. Identify four or five potential critical success factors for a large retail discount store that features a broad range of consumer merchandise. 13. Identify four or five potential critical success factors for an auto-repair shop. 14. What is a balanced scorecard? What is its primary objective? 15. Contrast using the balanced scorecard with using only financial measures of success. 16. What is sustainability and what does it mean for a business? 17. Explain the uses of value-chain analysis. 18. Think of an example of a firm that succeeds on cost leadership and give some examples of its strengths and weaknesses that would be included in a SWOT analysis. 19. Think of an example of a firm that succeeds on differentiation and give some examples of its strengths and weaknesses that would be included in a SWOT analysis. 20. What industries do you think are most suited for value-chain analysis and why