Human Resource Management Institute (HRMI) Edexcel BTEC HND in Business – HRM – Batch 3/E 1/S Unit No/Title: Unit 7:/ Business Strategy Unit Code: A/601/0796 Assignment No: 1 / 1 Assignment Title: Development of a Business Strategy Grading Opportunities Available |Outcomes/ Grade Descriptors | |………………………………………………………….. |
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Themes Readings/Assignments 1 Introduction to Strategy Objective: Assess how firms create value and how they go about building and sustaining competitive advantage in different markets. Competencies: Quantitative Literacy Critical Thinking Week 1 October 3 – October 9‚ 2012 Required Reading • Collis‚ D.J.‚ & Montgomery‚ C.A. (1995‚ July/August). Competing on resources: Strategy in the 1990s. Harvard Business Review‚ 73 (4). (Custom Textbook (2012)‚ Managing Strategy in the Global Marketplace
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QUESTIONS ON THE CASES These questions are provided in order to help you read and prepare these cases more efficiently.They show the key topics which should be covered in class. Week 1 : Read and prepare TOMTOM or RIM Krispy Kreme Nouvelles Frontières TOMTOM Questions 1. What strategy is TomTom pursuing‚ is it working? 2. Does the satellite navigation industry offer attractive opportunities for growth? What kind of competitive forces are industry members facing and how do
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………………...………………………………………… 3 Industry Description …………………………………………………………..………………. 4 Global Expansion ………………………………………..………………………………….… 4 Current Situation …………………………………………………………………………….... 5 Current Performance ………………..…………………………………….………………….. 5 Market Share ………………………………………………………….……………………..... 6 Strategic Posture..……………..………………………………………………………………. 7 Corporate Governance ………………………………...………………………………….….. 7 Corporate Governance Facts ………………………………………………………….…... 10 Board of Directors ……………………………………………………………………………
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work of others so that organisational goals can be accomplished. Further to this definition management‚ which is essentially what mangers do‚ involves ensuring that work activities are completed efficiently and effectively. There are three specific categorisation models to explain what exactly it is that managers do: • Management Functions (Henry Fayol) • Management Roles (Henry Mintzberg) • Management Skills (Robert L. Katz) Throughout this assignment reference will be made to Ms Williams‚
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INTRODUCTION Company Background . AirAsia Berhad was established in 1993 and started operations on 18 November 1996. On December 2‚ 2001‚ the heavily-indebted airline was purchased by former Time Warner executive Tony Fernandes’s company Tune Air Sdn Bhd for the token sum of one ringgit. Fernandes proceeded to engineer a remarkable turnaround‚ turning a profit in 2002 and launching new routes from its hub in Kuala Lumpur International Airport at breakneck speed‚ undercutting former monopoly operator
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Ques 1:- “Strategy” and “Strategic Planning” is something that is done once a year which results in a report. Others think it is market position‚ operational effectiveness or an idea or business model. Strategy is choosing to perform different activities that can be preserved and that will provide a sustainable competitive advantage. It is a mental exercise. It is a way of thinking about the world and approaching business. Strategic planning is a process to produce innovative and creative ideas
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Tutorial 1 (page 78) 1. Why has strategic management become so important to today’s corporations? Strategic management is a set of managerial decisions and actions that determines the long-run performance of a corporation. Importances of strategic management include: 1) Strategic management develops and provides a clear direction‚ guideline towards the corporations’ goals in an effective and efficient manner. It takes consideration between vision and mission of the corporation
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Development of the Strategic Leader Donald S. Clarke A. Introduction We do not need more maps; we need ways to change the mapmaker. We need new forms of practice‚ not just new forms of theory. Theoria just isn’t enough; praxis is required. Ken Wilber‚ The Eye of Spirit Strategic leadership is widely seen as vital to organisations who operate (as most of them do) in a diverse and fast changing world‚ and a capability that is relatively rare in the business environment. The ‘strategic leader’ is an expert
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In order to destroy all that is not the Caliphate‚ this terrorist group has implemented strategies to successful conquer world domination. This global strategy involves Iraq and Syria‚ Middle east and North Africa‚ along with individual implementation in all areas of the globe. The main strategy is to take on powerful countries‚ forcing them to lack the ability to fight against the attacks of ISIS‚ and essentially for them to cut-and run-in the face of these brutal attacks (Walter‚ 2015). Being aware
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