Explain the concept of competitive advantage. Why is it central to the study of strategic management? Explain with example (s).
Q: How Job sharing is different than part-time work?
A: Job Sharing: Job sharing occurs when two persons work part-time hours while sharing full-time…
Q: List three common issues addressed by a typical code of ethics. How does a code of ethics resolve…
A: Ethics The investigation of what is intrinsically good and evil, right and wrong, is described as…
Q: What is meant by the term notorious grapevine?
A: The communication in business takes place for the purpose of dissemination of business message to…
Q: Which kinds of firms probably would operate most effectively as centralized firms? As decentralized…
A: The management functions are performed with perception of having appropriate approach that gives…
Q: Modern employees require more conformity and creativity. Select one: O True O False
A: In order to solve this question let is first understand the term - Conformity & Creativity…
Q: List down few resolutions, In connection with treating humans in organization with great respect,…
A: In simple words, resolution means to make a firm decision to do something or not. Everyone takes a…
Q: What do you think are the importance and benefits of having an effective strategic plan for any…
A: Tourism: It is connected to travelling and touring distinct destinations worldwide. The tourism…
Q: "Increased efficiency, higher workplace morale, and increased productivity are benefits of…
A: Teamwork is a collective effort of the team members to accomplish a goal. The team members use their…
Q: Do you know anyone whose job has been transferred to a foreign country? If so, was the person able…
A: Unemployment is a global issue that requires collaborative efforts to resolve. It is a problem that…
Q: What is leadership derailment? When does leadership derailment occur (describe at least three…
A: Management refers to the act of coordinating different departments in an organization. Managers are…
Q: explain why being ethical comes first before practicing social responsibility
A: Social responsibility in an organization is completely dependent upon ethics. If anyone makes the…
Q: State the variety of forms taken by reinforcements.
A: Motivation is a technique to stimulate a person to perform the task in their best capacity.…
Q: What describes the day to day atmosphere in an organization
A: An organization is a social entity that has a specific purpose. It is an entity that has been…
Q: How does the external environment affect talent management?
A: Talent includes those people who directly contribute to organizational performance. Talent…
Q: Pared on our discussion of Defining an Idea as a Business, which of the following is the most…
A: Business is said to all commercial and industrial activities which is concerned in producing goods…
Q: How do managers use it in order to decide the pay structure of employees?
A: Manager- A manager is a professional who takes the role of leadership in an organization and also…
Q: What is meant by departmentalization by function?
A: Organizational management is described as the process through which resources in an organization are…
Q: Process theories of motivation and their relationship to employee performance 1: Relationship…
A: Motivation theory is the analysis of understanding what forces someone to perform towards a certain…
Q: Why should people in a community have knowledge regarding proper waste management/segregation? What…
A: About Waste Management- Waste management or disposal of waste is all about the processes and the…
Q: 1: similarities and differences between Vrooms's expectancy theory of motivation and Adam's equity…
A: Disclaimer: This is a multipart question, according to the guidelines I will be answering the first…
Q: What is Human Resource Planning
A: Introduction:- Planning is very important for the execution of any work in proper and synchronised…
Q: Question 3 A. Fully discuss the FIVE (5) basic needs of every customer. B. Cite examples as you…
A: An organization is one which runs for the betterment of its customers by providing them goods and…
Q: When contemplating the execution of a project, include topic like "Organizational Structure" and…
A: When planning the execution of a project, it is important to consider both organizational structure…
Q: Approximately managing diversity in the workplace leads to compeetitive advantages True or false
A: Concept Introduction Workplace diversity can be characterized as the embrace of individual…
Q: What are problems associated with each span of management.
A: Effectively made management structures can expand organizations' competence, inspire productivity…
Q: On the job, the telephone numbers of doctors, hospitals, and ambulances must be: a. conspicuously…
A: Amassing data and info on job-related accidents, ailments, or damages, can assist in decreasing the…
Q: What is the use of the rating scale in the judgmental appraisal technique?
A: Judgemental Appraisal An effective leader adopts various techniques to motivate his subordinates to…
Q: State the activities performed by Human resources management (HRM).
A: Human resource management: It illustrates the integration of the company's needs and employees’…
Q: What is meant by the concept "following part of leading"? How can managers embody this concept? 2.…
A: Leaders act as an inspiration and encouragement to others. Leadership is a complex field. However,…
Q: Identify the major compensation decisions that HRM managers make.
A: Compensation and benefits are important elements of human resource management. These help in keeping…
Q: Describe why innovation is such an integral part of entrepreneurship.?
A: Concept Introduction Innovation refers to the change process in business. It focus on continuous…
Q: What is organization development and its purpose.
A: The main motive of any organization will be have stable profit. This can be achieved through…
Q: Why training needs vary considerably?
A: The purpose of training is developing the employees and making them capable and competent in their…
Q: What is the Value Chain Analysis (Primary Activities and Support Activities) of Tesla?
A: The value chain is a series of procedures that runs from product development through consumer…
Q: State the most reliable way to build cohesiveness.
A: In the organization, most of us work in a team setting. Teams in the office require cohesiveness to…
Q: B. Discuss FOUR (4) reasons why teamwork is important in organisation that practices empowerment…
A: Empowerment is all about giving employees the authority to make decisions about their projects and…
Q: evaluates the key factors which impact on the communication of vision to external stakeholders
A: A stakeholder is an individual or party with a vested stake in something. Stakeholders are…
Q: Define Centralization and Decentralization with relevant example.
A: An organizational structure of a firm defines the lines of authority and communication among…
Q: Explain why there are particular types of innovation activities for which large firms are likely to…
A: When business size is endogenous, this general theory of innovation shows the relative benefits of…
Q: Explain comprehensively the concept of Strategic Alliance.
A: The development of business is the process that is related to the identification and execution of…
Q: Why is it important for an organization to view all components of staffing (recruitment, selection,…
A: Introduction- In today's modern market, where the challenges have no ends, in every step the…
Q: In Carroll' four-part definition of corporate social responsibility, he includes philanthropic…
A: Business organizations have a social responsibility toward society and the environment in which it…
Q: Why managers find difficult to discuss negative appraisals
A: Appraisal means judging or giving opinions about something. It means providing opinion…
Q: how did Martin Luther King, Jr. show transformational leadership ?
A: Martin Luther King Jr. Tried to end the division among the American . There are generally two…
Q: Eye4Customer is a 3-year-old call centre. It has launched Performance Appraisal system recently.…
A: The functions of human resource department are considered as the gatekeeper to an organization…
Q: Suggest some measures to enhance the principles governing the doctrine of separation of powers.
A: Separation of power meaning: It is the doctrine of constitutional law .It means division of state…
Q: assesses the benefits of review and explains when this tool can be used in the achievement of…
A: Strategic management is the process of planning, organizing, monitoring, analyzing, and controlling…
Q: Evaluate the source of information needed to review progress with achieving personal development…
A: TRAINING AND DEVELOPMENT: This is one of the core functions of an HR manager to enhance the skills,…
Q: Explain the Theory X and Theory Y.
A: Management is a systematic and continuous process of controlling and coordinating administrative…
Q: Briefly discuss and outline the 6 key dimensions of national culture from the research of Geert…
A: Success in international business requires a thorough understanding of different cultures around the…
4) Explain the concept of competitive advantage. Why is it central to the study of strategic management? Explain with example (s).
Step by step
Solved in 2 steps
- 1. Drawing on your knowledge of the PESTEL model, analyse the external environment facing Severstal and identify the key external factors which impact on the company. 2. Using Porter's Five Forces framework, analyse the attractiveness of the global steel Industry in Severstal which ope Support your analysis with evidence from the Severstal case study. 3.Using Porter's Generic Strategies, analyse the competitive strategy employed by Unilever.Support your analysis with evidence from the Unilever case study. 4. Using the Ansoff's matrix, analyse the direction of growth that Unilever has undertaken to grow their busi Provide recommendations for Unllever's future growth.5. Explain the porter Five Forces model and the role it plays in strategic planning?Explain briefly how can we use strategic analysis in our daily lives?