Role of the mission statement, Other Management

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QUESTION 1

The value chain is an important tool in strategic management. For instance, it can be used by a firm to improve its cost competitiveness. Discuss the options available to the firm to reduce cost while focusing on: (i) its own operations (ii) its suppliers and (iii) its distributors.

QUESTION 2

Discuss the various types of grand strategies that a firm can use to grow and boost sales. Support your answer with suitable examples

QUESTION 3

Pearce and Robinson propose four types of controls to evaluate and control strategies. Describe each of these types of controls

QUESTION 4

Write short notes on the following-

a) The Porter's five forces model

b) Role of the mission statement

c) Defensive strategies


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