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3 years ago

1. List and describe the components of Porter’s Strategy typology.

Business

1 answer:

Alexxandr [17]3 years ago

8 0

Answer:

1. Porter's strategy typology includes a matrix which has the following components

1. Cost leadership (broad target)

2. Differentiation (broad target)

3. Cost Focus (narrow target)

4. focused differentiation (narrow target)

the above two strategies focuses on targeting the consumers on a broad level i.e for cost leadership the firm has to compete on lowering price from its competitors whereas in differentiation the firm focuses on creating a unique characteristic in its offering to attract the consumers and compete against the rivals.

2. The concept of core capabilities is that in order to compete and have an edge over your rivals firm has to have certain core competencies to successfully get an edge over its rivals. core capabilities may involve research and development by pharmaceutical to be a first comer in curing diseases. Such capabilities should have the characteristic that it can not be copied and can be sustained for a long term duration.

3. The criteria for core capability is:

a. it can not be easily copied (valuable)

b. it provides long term competitive advantage against rivals ( Rare)

c. it increases barriers to entry for new entrants (Organised)

b. is not easily substituted

all the above mentioned characteristics would provide a sustainable competitive advantage for an organisation.

4. <em>Human capital</em> has the potential to contribute towards competitive advantage as in the case of hospitals qualified doctors enhances patients confidence for treatment.

Human capital should be firm specific that contributes towards the goals and objectives of the firm. More unique and valuable human assets. for example faculty at universities contributes in research findings and helps in elevating students in their careers and academic performances.

5. The two strategies include:

High performance work staff:

it fosters the development of highly knowledgeable, motivated work staff.

Hr policies and practices enable them to increase their potential

Control oriented work system:

it minimizes the increase in knowledge and avoids variability in performance

6. The components of high performance work system (HPWS)

involves

a. sharing of knowledge among employees to increase their commitment

b. elimination of status and power to enhance collaboration

c. aligning employees performance to organisational goals i.e goal congruence

d. knowledge based jobs rather than per piece work

e. empowering employees

Explanation:

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Disputants Martin and Daulton have hired Thurman to mediate their disagreement. Although Martin and Daulton must accept whatever

vekshin1

Answer:

The correct answer is False.

Explanation:

Mediation is an alternative method of resolving conflicts, which has the intrinsic purpose of reaching the integral solution of a conflict between parties (they can be two or more people), thus avoiding reaching the judicial instance. The guiding principles that guide and implement mediation are: confidentiality, voluntariness, orality between the parties and full communication between them, the impartiality of the intervening mediator and the neutrality of the mediator regarding the matter brought into question.

It is based on democracy, social pacification, individual and social dialogue, respect, and consensus for coexistence. It consists of the intervention of a third party in a conflict, the mediator, in order to facilitate the rapprochement of the opposing parties and promote a negotiation process that allows reaching an agreement agreed and accepted by the parties that ends the conflict.

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3 years ago

The following list includes selected permanent accounts and all of the temporary accounts from the December 31, 2018, unadjusted

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Answer:

Explanation:

Dec 31, 2018

Dr Sales Salaries expense 1,700

Cr Sales Salaries payable 1,700

Dec 31, 2018

Dr Selling expense 3,000

Cr Prepaid selling expense 3,000

Dec 31, 2018

Dr COGS 1,300

Cr Merchandise inventory 1,300

COGS = Merchandise inventory - Year end inventory = 30,000 - 28700 = 1300

Dec 31, 2018

Dr Sales Revenue 529,000

Cr Income summary 529,000

Dec 31, 2018

Dr Income summary 444,500

Cr Sales return and allowances 17,500

Cr Sales discounts 5,000

Cr COGS 213,300

Cr Sales salaries payable 49,700

Cr Utilities expense 15,000

Cr Selling expense 39,000

Cr Administrative expenses 105,000

Dec 31, 2018

Dr Income Summary 84,500

Cr Retained earnings 84,500

Net Income = Total Sales - Total Expenses = 529,000 - 444,500 = 84,500

Dec 31, 2018

Dr Retained earnings 33,000

Cr Withdrawal 33,000

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3 years ago

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What is the task of middle level managers?

kotegsom [21]

A. To supervise employees over their daily tasks. Typically, middle-level managers are responsible for overseeing their teams and employees to help a company accomplish its goals through project and team management. They will implement policies and objectives, and manage expectations with senior-level management.

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3 years ago

When managers are engaged in problem solving, there are several steps they should go through in order to prevent themselves from

andrew-mc [135]

Answer:

a. Defining the problem, generating alternatives, selecting an alternative, implementing and evaluating the solution.

Explanation:

In order to solve a problem managers should follow logical steps to solve it correctly. First, the problem needs to be defined and all the possible ways in which the problem could be resolved should be listed. Then, the solutions should be analyzed to determine which one is the best one for the specific case. After that, it should be implemented properly and the last step will be to evaluate the solution to get feedback and determine if it fixed the problem or if another solution will need to be found to deal with it.

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