Running head: BUSINESS STRATEGY Business Strategy and the Importance of Data-Driven Decision Making Business Strategy and the Importance of Data-Driven Decision Making Good decision making is arguably the most important skill a successful manager can possess‚ but the ability to make intelligent decisions on an on-going basis requires not only intuition and experience‚ but also the right data. In fact‚ Garrison‚ Noreen‚ and Brewer (2012) identify intelligent
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Strategic Management » Manage Decisions 03/12/2013 17:12 Home About Manage Decisions Compete‚ Thrive & Sustain with better business decisions Strategic Management Archived Posts from this Category Wed 27 Oct 2010 Google & Innovation Culture – Challenges ahead Posted by anil under Academic‚ Innovation‚ MBA‚ Strategic Management No Comments As Google gets bigger‚ it is going to be difficult to manage and keep up the innovation culture as it keeps marching on its path to success
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B19 – IT Strategy Syllabus Start January 31‚ 2013 Ends April 25‚ 2013 Day and Time: Thursday 12-14 & 14-16 Instructors: Stefan Henningsson (sh.itm@cbs.dk) Jonas Hedman (jh.itm@cbs.dk) + guests Course Description This course uses the IVK Case Series to examine important issues in IT management through the eyes of Jim Barton‚ a talented business (i.e.‚ non-technical) manager who is thrust into the Chief Information Officer (CIO) role at a troubled
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2012 Case Study Integrating McDonald’s Business‚ Human Resource‚ and Staffing Strategies People are McDonald’s most important asset. The company’s success depends on the satisfaction of its customers‚ which begins with workers who have the attitudes and abilities required to work efficiently and provide good customer service. To execute its growth strategy‚ McDonald’s has identified people as one of its three global corporate strategies. McDonald’s claims that as an employer‚ it wants
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Answer the questions for the case “integrating McDonald ’s Business‚ Human Resource‚ and Staffing Strategies" page 49‚ Chapter 2. [ 15 Marks] Questions 1: How would you describe McDonald ’s business strategy? What are the foundations of its competitive advantage? Answer: McDonald’s business strategy is a specialization strategy. The organization is built on a foundation that gives it a competitive advantage and a business strategy that is consistent‚ flexible‚ and specialized. McDonald’s niche
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the SWOT and stakeholder analysis. Then‚ key stakeholder implications of REX’s strategies will be reviewed and a Corporate Balanced Scorecard that aligns with the business level strategy will be prepared. Execute Summary This passage starts with the analysis of the strength‚ weakness‚ opportunity and threat of REX‚ followed by its strategy including the key capability‚ the shareholders’ interest and what strategy it uses to compete with its rivals‚ and lastly the balance scorecard of how REX
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Starbucks | Strategic Evaluation of Starbucks | Exploring Strategy | | 09004136 | 12/6/2012 | Words: 2743 | Contents INTRODUCTION 3 Aims of Report 3 Business Models 3 Company background 3 Performance & Finance & Assets 4 Stakeholders 4 Finance 4 Assets 5 PESTEL 5 Strategy 6 Customer 6 Customer analysis 6 Competition 7 Objectives 7 Competitor analysis 7 Five forces analysis 7 Innovation 7 Recommendation and Conclusion 8 References 9
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Question 1: In what ways has Jeff Immelt redirected the strategy of GE? In 2001‚ shortly after Jeff Immelt became the CEO of GE‚ a series of events changed and impacted the corporate landscape. The immediate challenges that he faced included 9/11‚ and a subsequent series of high profile corporate scandals (Enron‚ WorldCom). In 2008‚ the financial crisis hit and had a severe impact on GE’s primary growth source‚ GE Capital causing it to accumulate bad debts and asset write-downs. These events caused
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Managing strategy requires the consideration of a wide range of factors‚ which change over time. Dell Computers aims to stretch its way of business In an interview with the Financial Times in November 2003‚ Kevin Rollins‚ the CEO of Dell Computers‚ explained how he was putting his job on the line by leading a major strategic change in the company. The US company famous for selling PCs is planning a big push into consumer electronics. If things go according to plan‚ Michael Dell could
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Competitive Rivalry and Competitive Dynamics KNOWLEDGE OBJECTIVES Define competitors‚ competitive rivalry‚ competitive behavior‚ and competitive dynamics. Describe market commonality and resource similarity as the building blocks of a competitor analysis. Explain awareness‚ motivation‚ and ability as drivers of competitive behavior. Discuss factors affecting the likelihood a competitor will take competitive actions. Discuss factors affecting the likelihood a competitor will respond to actions taken
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