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Question 1:
a. Define strategic management and how it can be applied in an organisation.
b. When a company needs to adapt to change, what are the key strategic management questions one needs to ask?
c. Opportunities and Threats are defined as external factors, these are called analysis of trends. What are those trends?
Question 2:
a. Explain and describe Porters five forces model?b. We know from experience that the industry is very fragmented.
Many of these industries have underlying economic causes (fragmentation). What are the main causes of Fragmentation of the industry?
Question 3:
a. There are Specific Advantages of Mergers & Acquisitions, what are they? b. There are also Specific Disadvantages of Mergers & Acquisitions, what are they?
Q. Problems of pursuing only profit objectives? - Conflict with other stakeholder goals for example customers will want a better service and not want to pay anymore, a better s
Question : ‘The financial crunch has urged companies involved in tourism to reshape their business model' As a tourism business consultant and in the light of the above stat
Strategy used to gain as much sales volume as possible as fast as possible by undercutting competitors' prices.
Before conducting SWOT analysis, it is essential to conduct internal and external analysis for the company. Internal Analysis Product quality and variety: The cCompany is goo
Q. Limitations of using balanced scorecard? - Historical performance analysis is no guide to the future. - Manipulation or 'massaging' of performance measures by management,
The beyond budgeting approach may include the following: Use of rolling budgets concentrating on cash forecasts and not cost control. Budgets revised more frequently
Q. Explain about Value based management? Value based management (VBM) is an approach which focuses on strategies and actions to create more value for shareholders. Value being
Q. Explain about Trade receivable days? {Yearend trade receivables / Credit sales (or turnover)} x 365 days This is the average length of time occupied by customers to pay
What outcomes are being assessed 1. Demonstrate to a prescribed acceptable industry level service skills within a tourism/hospitality operation (b) 2. Recognise and examine
Question 1 Explain the Portfolio Approach to Strategic Analysis and discuss its limitations. Question 2 Write short notes on each of the following (questions carry equa
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