QUESTION THREE "Strategic management process is the way in which strategists determine objectives and strategic decisions". Discuss QUESTION FOUR "Mission describes the present and vision describes the future". With this statement in mind, compare mission and vision statements. QUESTION FIVE In 2017, Bank of Ghana, the central bank of Ghana embarked on a clean-up exercise of the banking industry. In the course of the exercise, some banks were liquidated for various reasons. Liquidation is a retrenchment strategy which occurs when an entire ce company is dissolved and its assets are sold. Discuss with reference to the preamble, any other three (3) retrenchment strategies these banks could have pursued to avoid liquidation. QUESTION TWO ENVIRONMENTAL SCANNING FOR PAPAYE NEW BRANCH Papaye Fast Foods Limited was incorporated as a limited liability company on the 20 of November, 1990 and was issued with a certificate to commence business on the 17 of June, 1991. Papaye started with a work force of 12 in 1991 and gradually increased its labour force to 314, thus offering job opportunities to both Ghanaians and forcigners. The company has the distinction of being the pioneer of the fast food restaurants in Accra. Over the years, Papaye has kept faith with a strategy which was to prepare fast foods using recipes designed by the company thereby giving their food unique flavour. This is indicated by the manner in which Papaye las become a house hold name in Ghana. It is gratifying to note that Papaye has earned itself an enviable position in the hospitality industry by winning several awards including Fast Food of the year in 2008 by Ghana Tourist Board and Good Corporate Citizen award by Ghana Trade Fair Company Papaye has its Head Office located at Spintex. Currently, Papeye can boast of six (6) branches in Accra: Spintex branch, Osu branch, Tesano branch. Tema branch Lapaz branch and Awudome branch. The newest of its branches would be the Atomic branch which is soon to be opened to the public for operation. This indeed is perceived to be great news for residents in the Atomic- Haatso surroundings who under normal circumstances would have to travel to the above mentioned branches to for its services. The Atomic-Haatso road is known to be flooded with a number of restaurants and cateries considering the fact that tertiary institutions, hostels and other organisations are located on the outstretch of the road. Some popular restaurants located on this route are Baritas Chinese Restaurant, Gustav's Restaurant, Rally's food joint, KFC, just to mention a few. With Papaye being the new addition to these restaurants, the existing companies would have to design strategies around the most critically important resources and capabilities at their disposal in order to create the situation of barriers to entry. On the other hand, Papaye would also need to strategice accordingly as a new entrant to survive in the competitive environment. The ability of a firm's resources and capabilities to support a sustainable competitive advantage is essential to the timeframe of a firm's strategic planning process Page 3 of 4 QUE: With reference to the case above, use the External Factor Evaluation (EFE) Matrix to conduct an environmental scanning aimed at assisting Papaye to strategize accordingly in order to gain competitive advantage. In your scanning, list five (5) opportunities and the cats each. assign weights and rates to each factor and based on the total weighted score advise Papaye on how well it can respond to current and expected factors in the environment. QUESTION THREE "Strategic management process is the way in which strategists determine objectives and strategic decisions". Discuss QUESTION FOUR "Mission describes the present and vision describes the future". With this statement in mind, compare mission and vision statements. QUESTION FIVE In 2017, Bank of Ghana, the central bank of Ghana embarked on a clean-up exercise of the banking industry. In the course of the exercise, some banks were liquidated for various reasons. Liquidation is a retrenchment strategy which occurs when an entire ce company is dissolved and its assets are sold. Discuss with reference to the preamble, any other three (3) retrenchment strategies these banks could have pursued to avoid liquidation. QUESTION TWO ENVIRONMENTAL SCANNING FOR PAPAYE NEW BRANCH Papaye Fast Foods Limited was incorporated as a limited liability company on the 20 of November, 1990 and was issued with a certificate to commence business on the 17 of June, 1991. Papaye started with a work force of 12 in 1991 and gradually increased its labour force to 314, thus offering job opportunities to both Ghanaians and forcigners. The company has the distinction of being the pioneer of the fast food restaurants in Accra. Over the years, Papaye has kept faith with a strategy which was to prepare fast foods using recipes designed by the company thereby giving their food unique flavour. This is indicated by the manner in which Papaye las become a house hold name in Ghana. It is gratifying to note that Papaye has earned itself an enviable position in the hospitality industry by winning several awards including Fast Food of the year in 2008 by Ghana Tourist Board and Good Corporate Citizen award by Ghana Trade Fair Company Papaye has its Head Office located at Spintex. Currently, Papeye can boast of six (6) branches in Accra: Spintex branch, Osu branch, Tesano branch. Tema branch Lapaz branch and Awudome branch. The newest of its branches would be the Atomic branch which is soon to be opened to the public for operation. This indeed is perceived to be great news for residents in the Atomic- Haatso surroundings who under normal circumstances would have to travel to the above mentioned branches to for its services. The Atomic-Haatso road is known to be flooded with a number of restaurants and cateries considering the fact that tertiary institutions, hostels and other organisations are located on the outstretch of the road. Some popular restaurants located on this route are Baritas Chinese Restaurant, Gustav's Restaurant, Rally's food joint, KFC, just to mention a few. With Papaye being the new addition to these restaurants, the existing companies would have to design strategies around the most critically important resources and capabilities at their disposal in order to create the situation of barriers to entry. On the other hand, Papaye would also need to strategice accordingly as a new entrant to survive in the competitive environment. The ability of a firm's resources and capabilities to support a sustainable competitive advantage is essential to the timeframe of a firm's strategic planning process Page 3 of 4 QUE: With reference to the case above, use the External Factor Evaluation (EFE) Matrix to conduct an environmental scanning aimed at assisting Papaye to strategize accordingly in order to gain competitive advantage. In your scanning, list five (5) opportunities and the cats each. assign weights and rates to each factor and based on the total weighted score advise Papaye on how well it can respond to current and expected factors in the environment