Briefly describe the list of items that managers undertake to formulate strategies
What will be an ideal response?
Answer: ONE: Identifying the most important customers, and how the company can be competitive and deliver value to them.
TWO: Identifying the substitute products existing in the marketplace, and how do they differ from our product in terms of features, price, cost, and quality.
THREE: Identifying most critical capability-whether it is technology, production or marketing.
FOUR: Checking the adequacy of cash available to fund the strategy, or will additional funds need to be raised-through issue of debt or equity.
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Which of the following is true about an optimize position strategy?
A) It is used for maximizing profits and cash flow as a business slowly exits a product-market. B) It is usually used by a business when the growth potential is limited and competitive position is set. C) It is an offensive strategic market plan that seeks to improve a business's competitive position in an attractive segment of the market. D) It involves making a conscious effort to increase customer base in order to reach a more profitable level of business. E) It requires a large investment in marketing resources.
Determine early start and early finish times for all activities in this network. Activity duration in days appears under each arrow
What will be an ideal response?