ageWhat does a market-oriented mission statement define about the business?Select one:O a. satisfying basic stockholder needsO b. satisfying basic partnership needsO c. satisfying basic supplier needsO d. satisfying basic owner needse. satisfying basic customer needsClear my choice100Near record

Strategic management is the systematic process by which an organization formulates, implements, and…

Answered: What does a market-oriented mission…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Recommended and explain 6 New strategies (formulated that are not already existing in their business strategies) that NETFLIX Should Implement in their business that can propel the company's business forward.
1. Outline the difference between a business idea and a business opportunity? Why is this distinction important? 2. Define business concept statement, in your own words. Outline its main elements. 1. Identify three (3) features of the Five Competitive Forces Model and discuss how they operate to affect the profitability of firms in an industry. 2. Describe a business start-up you are contemplating and explain why you have made this choice. 3. Identify and discuss the four (4) major components of a business feasibility analysis. 4. a) What is the purpose of conducting a business feasibility analysis? b) When is the best time to conduct a feasibility analysis? c) Justify your response.
The key reasons that an organization should adopt planning and strategic management are to 1/develop a competitive advantage, decrease costs, and increase synergy 2/provide direction and momentum, encourage new ideas, and develop a sustainable competitive advantage 3/develop MB0, encourage new ideas, < and increase profits 4/provide direction and momentum, Increase organizational diversity, and decrease cost Jo 11:07 / GIF ls JI
6. Define business plan and explain each and every element of business model development.
Why does a company needs financial objectives? A) to convince shareholders that top management is acting in their interests. B) because without adequate profitability and financial strength, the company's ultimate survival is jeopardized. C) to indicate to employees that financial objectives always take precedence over strategic objectives. D) to translate the company's business model into action items. E) to overtake key competitors on such important measures as net profit margins and return on investment.
2. Imagine you are the CEO of an organization. Your work is expanding and you need to hire people who are experienced and skillful in their fields such as marketing. a. Explain what type of problem exist in above given situation? and what type of decision could be taken? b. Elaborate the decision-making process through which you will be able to hire best marketing employees?
Indicate whether or not the organization where you are employed engages in strategic management and planning. If Yes, how has this benefitted the organization? If No, give your perceptions regarding the limitations and why the organization does not engage in strategic management and planning. Q2. Discuss briefly why ethical decision-making is essential in an organization, and the possible effects that ethical violations/unethical behaviours can have on the organization and its stakeholders.
Final Business Model and Strategic PlanWrite a 700- to 1,050-word section for your business model and strategic plan in which you add your strategies and tactics to implement and realize your objectives, measures, and targets.Include marketing and information technology strategies and tactics.Develop at least three methods to monitor and control your proposed strategic plan, being sure to analyze how the measures will advance organizational goals financially and operationally.Explain the ethical issues faced by the organization, summarize the legal and regulatory issues faced by the organization, and then summarize the organization's corporate social responsibility.Develop a 350-word page executive summary defining the new division of existing business. Share your Vision, Mission, final business model, value proposition and list your key assumptions, risks, and change management issues. Quantify the growth and profit opportunity and planned impact on various stakeholders.Note:…
Critical Thinking One of the criteria for a usable market segment is its size. This chapter suggested that to be usable, a segment must be large enough to be profitable now and in the future and lhal some small segments gel ignored because they can never be profitable. So how large should a segment be? How do you think a firm should go aboul determining if a segment is profitable? Have technological advances made it possible for smaller segments to be profitable? Do firms ever have a moral or ethical obligation to develop products for small, unprofitable segments? When?
4. Discuss the importance of a market pian and say how it would be effective in your start-up business.
with the aid of practical examples from an identified start up, identify and explain 4 major differrences between a business model and a business plan.
#Management #Management_Information_System #business_problem #Diagnosea_business_problem #ComputerScience Q. Where do you place the expectation elements in thebusiness plan?

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What does a market-oriented mission statement define about the business? Select one: O a. satisfying basic stockholder needs O b. satisfying basic partnership needs O c. satisfying basic supplier needs satisfying basic owner needs d. e. satisfying basic customer needs