1. List three limitations of the SWOT matrix and analysis. 2. In a BCG Matrix, would the Question Mark quadrant or the Cash Cow quadrant be more desirable? Explain 3. What do you think is the appropriate role of a board of directors in strategic management? Why?
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- 2. Use the SWOT Analysis template below and give at least four (4) internal and/or external factors that are included in each area. Then discuss below how each factor affects the business organization.SWOT, Strengths, Weaknesses, Opportunities, Threats. 1. Produce a new business idea. 2. Conduct a SWOT analysis for the new business idea developed 3. Identify a minimum of 5 items for each component in the SWOT analysis.1. State vision and mission statement of your chosen organization, highlight their keyfeatures. Suggest any changes in vision or mission statement if you deem necessary.2. Conduct a SWOT Analysis and develop a Strengths-Weaknesses-OpportunitiesThreats (SWOT) Matrix.3. Analyse long-term objectives and specific strategies of your organization.4. Analyse people, their capability, organization structure and corporate culture issues of your chosen organization, if you think they impacted on its successful strategyexecution.5. Offer recommendations for successful strategy formulation and implementation in yourchosen organization.
- Assuming you are currently working in a HEALTHCARE organization. To assist you and your thought processes during this assignment, please use the “four actions” framework. 1. Discuss and describe the red oceans your organization currently faces. 2. After using the "four actions" framework, describe the blue ocean opportunities for your organization. 3. Lastly, thinking of the blue and red oceans you’ve identified, how does this change your outlook for future strategic planning of your organization. ( attend all question and deeply explain and type answer) .1. What is the role of the SWOT Analysis in your strategic plan?2. How about risk management? What can it contribute to strategic plan?What are the strategic issues of the not-for-profit organization and why strategic management is important to them? How does strategic management differ in for-profit and non-profit organizations?
- 1. Explain the suitability of scenario planning in a highly volatile and turbulent business environment. 2. Explain THREE corporate-level strategies of a organization to decide the future direction of the businessBoard of directors today are more confident in their knowledge of the companies they serve and more strategic intheir approach than they were in 2011, according to the latest McKinsey global survey on governance. They say agreater portion of their boards’ time is now spent on strategy, while they are spending less time than before onMergers and Acquisitions (M&A). The share of time spent on strategy is even greater at private-company boards thanat public companies, which tend to spend more time on compliance. While directors now report a more completeknowledge of various company issues than they did before, they say their boards struggle to understand and maketime to manage business risks—one of several areas where directors indicate room for further improvement. Anotheris the clear need for directors to spend more time on their role: the total number of days per year respondents saythey spend on board work has not increased much since the previous survey. At boards where directors…what's the role of the Board of Directors, the Risk Committee, the Audit Committee, and their relationship to each other in organizational governance.
- In conducting a SWOT analysis, Ali found that the company has outdated technologies and weak management. This would be addressed in analyzing the company’s __________. Strengths. Threats. Opportunities. Strategies. Weaknesses.In Accommodation and Food and Beverage Mnagement 1. Analysis of Current Management Strategies Choose a hospitality business (e.g., hotel, restaurant) and conduct an in-depth analysis of its current management strategies. Evaluate the effectiveness of their current management efforts inachieving business objectives. Identify any strengths, weaknesses, opportunities, or threats in theircurrent management approach.2. Development of Management Plan Based on your analysis, develop a comprehensive management plan forthe chosen hospitality business. Clearly outline the goals, target audience, positioning, and managementtactics to be employed. Include a detailed timeline and budget for implementing themanagement plan. Justify your choices by explaining how they align with the businessobjectives and address the identified strengths, weaknesses,opportunities, or threats.3. Creativity and Innovation in Management Approach Demonstrate creativity and innovation in your proposed…This is a management question ....How can organizations develop a strategic vision that balances long-term goals with short-term objectives? What are the key elements of an effective strategic vision?