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deff fn [24]
4 years ago
6

One of the lessons about competing in a globally competitive marketplace that comes from "playing" The Business Strategy Game is

that
a. competition among rival companies is so hard to analyze that the only dependable strategy for achieving good company performance is to copy as closely as possible every aspect of the strategy being used by the top-performing company in the industry.
b. after the first few decision rounds (years), it is highly risky and ill-advised for any company in the industry to overhaul its strategy and chart a different strategic course.
c. after 3 or 4 decision rounds (years), it becomes relatively easy to diagnose what strategy a rival company is pursuing and to anticipate what moves that rival is likely to make next.
d. the dynamic, ever-evolving nature of competition makes it advisable for managers to make strategy adjustments of one kind or another on an ongoing basis to improve the company's competitiveness vis-a-vis rivals and boost its overall performance.
e. the company that jumps out to be the industry leader early on is very likely going to be the industry leader at the end of the simulation exercise-it is extremely difficult for trailing companies to ever catch up to the early industry leader unless they build at least 15 to 20 million pairs of plant capacity and charge very low prices for both branded and private-label footwear.
Business
1 answer:
vaieri [72.5K]4 years ago
8 0

Answer: the dynamic, changing nature of competition makes it advisable for managers to make strategy adjustments of one kind or another on an ongoing basis to improve company's competitiveness vis-a-vis rivals and boost its overall performance (D).

Explanation:

The Business Strategy Game is an important part of strategic management. It encourages encourages individuals to combine several decisions into a unified strategy which is vital for important decision making.

The Business Strategy Game consist of a global marketplace because businesses need to learn about the competitive and strategic features of foreign competition and international markets. The Business Strategy Game helps mangers make strategic adjustments thereby boosting overall competitiveness and performance.

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prohojiy [21]

Answer:

A) To improve capacity the constraint that must be addressed is the preparation and dispatch constraint which is similar to all three shops.to address this a central preparation / dispatch center that serves all three shops the needed products should be created independently, with the primary purpose of mass preparation/dispatch to the coffee shops  and not attending to customers which hampers the production of the three shops.

B ) To improve efficiency: packaging should be made ready at the drive thru station so that customer who drive in can quickly pick up the package without having to queue up for long. also consider preparing some orders on the menu that attracts the most customers ahead of time this way the queue would be reduced.

C ) At store level to improve performance proper stock taking should be essential to ensure there is enough products on the menu to serve to the customers

Explanation:

A) To improve capacity the constraint that must be addressed is the preparation and dispatch constraint which is similar to all three shops.to address this a central preparation / dispatch center that serves all three shops the needed products should be created independently, with the primary purpose of mass preparation/dispatch to the coffee shops  and not attending to customers which hampers the production of the three shops.

B ) To improve efficiency: packaging should be made ready at the drive thru station so that customer who drive in can quickly pick up the package without having to queue up for long. also consider preparing some orders on the menu that attracts the most customers ahead of time this way the queue would be reduced.

C ) At store level to improve performance proper stock taking should be essential to ensure there is enough products on the menu to serve to the customers

7 0
3 years ago
The consumer sales promotion that involves the use of a brand-name product in a movie, television show, video game, or a commerc
Marianna [84]

Answer:

The answer is option (C) product placement.

Explanation:

Product placement is a strategic advertising technique in which companies, firms and businesses subtly promote their products or brands through a non-traditional advertising technique such as appearance of the product or brand in films, video games, movies, television show or a commercial for another product.

In other words, companies, firms and businesses are said to have carried out product placement when they pay for their products or brands to appear or to be featured in films, video games, movies, television show or on a commercial for another product.

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Candonia has a comparative advantage in the production of , while lamponia has a comparative advantage in the production of . Su
Ksju [112]

Answer:

Candonia has a comparative advantage in the production of <u>LEMONS</u>, while Lamponia has a comparative advantage in the production of <u>COFFEE</u>. Suppose that Candonia and Lamponia specialize in the production of the goods in which each has a comparative advantage. After specialization, the two countries can produce a total of <u>36</u> million pounds of coffee and <u>36</u> million pounds of lemons.

Explanation:

Since a lot of information was missing, I looked it up and found the attached graphs. The graphs referred to production of coffee and lemons, but I guess they are similar questions.

For every pound of lemons that Candonia produces, it will not be able to produce ¹/₂ pounds of coffee (opportunity cost of producing lemons instead of coffee).

For every pound of coffee that Lamponia produces, it will not be able to produce 1¹/₂ pounds of lemons (opportunity cost of producing coffee instead of lemons).

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