How do firms identify internal strengths and weaknesses? Why is it vital that managers have a clear understanding of their firm’s strengths and weaknesses?
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How do firms identify internal strengths and weaknesses? Why is it vital that managers have a clear understanding of their firm’s strengths and weaknesses?
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- Business Strategic Management How do firms identify internal strengths and weaknesses? Why is it vital that managers have a clear understanding of their firm’s strengths and weaknesses?How do we equate a company's relative strengths and weaknesses to those of other companies?How can organizations align their long-term strategic goals with short-term operational plans to ensure consistency and effective implementation?
- Why is it important for employees to understand the strategic direction of their organization/company?Why do firms tend to cluster into strategic groups?Your new company must plan for adaptability and alignment both internally and externally due to a crisis and other unexpected events, such as a mortgage crisis, a fire, IT system failure, loss of a major customer, loss of suppliers, union strikes, or terrorist attacks. How do you identify a crisis that Kibbles and Bits may experience, and explain how Kibbles and Bits would adapt and align in this crisis?
- What are the key factors that organizations should consider when formulating a strategic development plan to ensure long-term success in a competitive business environment?What are the key steps that organizations can take to develop and implement an effective strategic management process?Every organization relies on its own unique bundle of organisational stakeholders. Each one of the relationships between the organisation and its stakeholders is influential in its ability to serve its mission and achieve above average profits in the profit sector or to create value in the not-for-profit sector. However, there are several ways that stakeholder management differs between the for-profit and not-for-profit organisations. It is easy to think of a for-profit firm that has product market stakeholders, such as customers, who can add or subtract their support by their decision of whether or not to purchase the firm’s products or services. But to know who is are the customer for a not-for-profit, and are the categories of product, market, organization, and capital market stakeholders might be challenging to obtain the needed information. 1.Decide on ONE not-for profit organisation either local or international based. Write a detailed information regarding the chosen not-for…