Preview

Exam Managing Business Relationship

Satisfactory Essays
Open Document
Open Document
368 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Exam Managing Business Relationship
EXAM

MRK 2015 Managing Business Relationships (7,5 credits)

Tuesday Desember 7th 2010 kl. 09.00 - 13.00

Lecturer: Tina Bjørnevik Aune

Examination results: 29.12.2010

The exam includes 4 questions and 3 pages (including the front page).

Examination support: Dictionary.

Exam Guidelines:
If necessary, make assumptions to solve problems. State your assumptions clearly.

Question 1 (25%)
The two metaphors “jungle” and “rainforest” have been used by researchers to illustrate some of the basic features of the business world. Explain the different views of the business world these two metaphors relate to.

Question 2 (25%)
Company Alpha has a customer portfolio where 5 customers constitute 80% of all sales at Alpha. The remaining 20% of the sales are divided between a number of small customers. Alpha’s marketing manager is in the process of analysing Alpha’s customer relationships and needs your help in solving some issues.

a) Present some tools that may be useful when analysing Alpha’s customer relationships. Give examples of how these tools can be applied in practice.

b) The marketing manager is afraid that Alpha develops capabilities that are too closely linked to the five large customers. He wants you to give him some arguments for and against developing capabilities specifically related to these five customers.

Question 3 (25%)
Beta is a large car manufacturer located in Europe. As part of their annual strategy seminar the CEO (Chief Executive Officer) of Beta has asked you to be of assistance in discussing Beta’s supply management strategy.

a) What is supplier development? What advantages and drawbacks might be associated with supplier development?

b) What can Beta do to create a culture of knowledge-sharing in its supplier network?

You May Also Find These Documents Helpful

  • Powerful Essays

    TLMT 313 Mid Term

    • 2402 Words
    • 15 Pages

    The importance of supply management in any specific firm is determined by the following factors:…

    • 2402 Words
    • 15 Pages
    Powerful Essays
  • Best Essays

    Xu, Mark and Walton, John. Gaining customer knowledge through analytical CRM. Wembley, UK. Publication year/date 2005. Pages 955-971. Copyright Emerald Group Publishing, Limited 2005. ProQuest Document ID 234907614…

    • 1664 Words
    • 7 Pages
    Best Essays
  • Better Essays

    Math 533 Part a

    • 1063 Words
    • 5 Pages

    AJ Davis department store has asked to take a look at a sample of customers (sample size: 50) in order to more efficiently generate sales and also appeal to their more profitable segment. In order to better understand their customers a statistical analysis and interpretation must be performed. AJ Davis is hoping to achieve insight on how to improve their department store operations and strengthen their customer loyalty. We have taken both quantifiable and qualitative information and have performed descriptive and inferential statistics on the data collected. We do have to disclaim that these are only from a select few from the customer base and does not represent the entire population. Therefore, the interpretations based on the sample group need to be kept in perspective and must not assume complete representation of all customers. After the collection of information from their sample set we have been able to perform statistical analysis and the results are reported below.…

    • 1063 Words
    • 5 Pages
    Better Essays
  • Powerful Essays

    customers who are essential to their future success as a company. A sample of fifty…

    • 1005 Words
    • 5 Pages
    Powerful Essays
  • Good Essays

    Nt1310 Unit 3 Study Essay

    • 3921 Words
    • 16 Pages

    |Stop Words: |Words that are filtered out prior to or after processing of natural language data (i.e., text) |…

    • 3921 Words
    • 16 Pages
    Good Essays
  • Powerful Essays

    Here you will write about the main customers your business’ competitors attract and compare them with your business’ main customers. Who are these customers, why do they buy your competitors’ products or services?…

    • 853 Words
    • 4 Pages
    Powerful Essays
  • Satisfactory Essays

    Swot Analysis For Costco

    • 545 Words
    • 3 Pages

    • • • • • • • Background and Business Model Processes and Queues Management Supply Chain Strategy Quality Control Inventory Management Recommendations Q&A…

    • 545 Words
    • 3 Pages
    Satisfactory Essays
  • Better Essays

    Microeconomic of Customer Relationships by Fred Reichheld is based on a simple survey based customer-relationship metric known as “net-promoter score”, or NPS. The NPS divides customers into three categories based on the simple question, “How likely is it that you would recommend us to a friend or colleague?” (Reichheld, 2006, pg.73) Customers at the high end are labeled promoters, because of their likelihood of loyalty and positive word-of-mouth promotion. The low end of the spectrum is the opposite of the promoter and labeled a detractor. By quantifying the value the customers have the company can then devise action plans to solve problems, or expatiate growth.…

    • 940 Words
    • 4 Pages
    Better Essays
  • Powerful Essays

    “To survive and prosper in today’s dynamic and demanding economy, every company needs to excel and prosper in attracting customers and keeping them” (Swink et al., 2011, p. 262). The 2critical customer is the 3customer that is the target of the company which is deemed as important to…

    • 1408 Words
    • 6 Pages
    Powerful Essays
  • Satisfactory Essays

    Sbbwu

    • 674 Words
    • 3 Pages

    Whether you are a “one-man band” or a large organization, your customers are why you are in business. By having clarity on the customer segments, the customer needs, and the potential profitability of each segment, you can choose more effective segments to serve for a more sustainable business.…

    • 674 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Concluding Case

    • 1080 Words
    • 5 Pages

    With our current society and where a business succeeds or fails depends on understanding, approaching and taking care of its customer base, it is important to address the issue of the customer…

    • 1080 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    “When it comes to relationship marketing… you don’t want a relationship with every consumer… in fact, there are some bad customers (the objective is to) figure out which consumer are worth cultivating because you can meet their needs more effectively then anyone else” (Chisnall, P.M 1995).…

    • 2088 Words
    • 9 Pages
    Powerful Essays
  • Powerful Essays

    To create successful customer relationships, companies must understand what their customers care about and what value proposition appeals to them.…

    • 3600 Words
    • 15 Pages
    Powerful Essays
  • Good Essays

    Case Study

    • 645 Words
    • 3 Pages

    b) Moreover, firms can also involve suppliers in the development process, helping to minimize development cycle time and minimize the input cost of a new product design. By involving suppliers, managers can help to ensure that input arrives on time and that necessary changes can be made quickly to minimize development time.…

    • 645 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Balance Score Card

    • 339 Words
    • 2 Pages

    Customer: encourages the identification of measures that answer the question "How do customers see us?" Examples: percent of sales from new products, on time delivery, share of important customers’ purchases, ranking by important customers.…

    • 339 Words
    • 2 Pages
    Satisfactory Essays