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Components of Strategy
Strategy has four basic components:Scope: which refers to the position the firm wants to have in relation to its environment.
Resource deployment indicates how the organization intends to allocate resources.
Competitive advantage is the specification of what advantage(s) the firm holds relative to competitors and
Synergy is the extent to which various businesses within the firm can expect to draw on one another.
Standardization of Work Processes: The interrelated processes of an organization need to be standardized which help to determine how work is organized and how customer needs
J Company is a retailer of fashion goods operating in a highly competitive market place. The Board of the company has given the go-ahead to redesign the company's website to make i
S Company has been awarded the contract for the refurbishment of a local hotel. The overall timescale for the project has been agreed at 30 weeks (a high fast completion for this s
Q. Why do projects always seem to cost more than expected? In general this seems to stem from three causes. The first may merely be an overly optimistic cost estimate. Sometime
Explain TWO strategies that a project manager might implement to address a project risk. Risk avoidance - this strategy would be 'exiting the method that is giving rise to
Why is it significant that the project team and the users develop and agree a process model for a project? Any project is a cooperative venture among the clients/users and the
P areto charts It is a very helpful tool to identify the greatest opportunity for improvement among various possibilities and to identify the small number of most inf
Dr. Sherry Bird is employed by Dental Associates. Dental Associates recently installed a computerized job-order costing system to help monitor the cost of its services. Each patien
What are the benefits to an organisation of having a Project and Programme support office? The major advantages to an organisation by having a Project and Programme support off
Suppose you are the project manager of a new management accounting system which will give monthly profit and loss accounts to a series of 30 computer dealerships, each of this is f
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