Answer:
1. Tesco was applying a standardization strategy in America. It treated the US domestic market as if it were the same as the British domestic market. It failed to recognize that American shoppers' tastes are different. Again, it preferred to deal with prepackaged food, an offering that is not very agreeable to the American shoppers. It also failed to domesticate the sources of its supply of grocery, preferring to import from Britain. Tesco should have purchased the grocery from the local market to make them fresh and agreeable to the local taste.
2. I will advise that the stores that are opened in India should not be patterned on the failed American strategy. Tesco should deploy a multidomestic international strategy by customizing its products, stores, and processes to the Indian market. The aim is to meet the taste of Indian shoppers. Tesco must understand that Indians prefer cooking their meals.As a result, the company must not delve into prepackaged food, but concentrate on selling Indian grocery and spices.
Explanation:
Companies employ a standardization strategy by treating the whole world as one market with little meaningful variation with the assumption of meeting people’s needs with one product. This strategy is best for some standardized products like equipment. Here, there is high global integration of markets with low local responsiveness.
On the other hand, multidomestic strategy is employed by companies to customize products or processes to the specific conditions in each country and to meet local customer tastes. For grocery shops that require the products to be fresh, a multidomestic strategy would be preferred. This strategy employs high local responsiveness with high global integration.
Form of strategic planning plans approach is Latonya taking for makers' craft: Latonya is making plans to apply a scenario-primarily based approach. it's miles going to pick out the methods with the aid of which the person may be retained inside the employer thru better fee plans.
yes, it is a powerful method. The purpose is that it is an increasing number of facing cases of worker attrition considering the fact that the appearance of its competition.
Strategic planning plans are a process in which an employer's leaders outline their vision for destiny and become aware of their enterprise's dreams and goals. The technique includes organizing the collection in which those dreams need to be found in order that the organization can reach its stated vision.
Strategic planning is an organization's method of defining its method or direction and making selections on allocating its sources to achieve strategic goals. it is able to additionally make bigger to manipulate mechanisms for guiding the implementation of the approach. Having a strategic plan in the vicinity can allow you to tune development towards dreams. whilst each department and crew know your employer's large method, their progress can directly affect its fulfillment, creating a pinnacle-down technique for tracking key performance signs (KPIs).
Learn more about strategic planning here: brainly.com/question/24864915
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Answer:
Use a software program
Explanation:
When you use it a software program the presentation is much cleaner than hand written and is easier to edit. But a software program can be stolen, or deleted.
Paper layouts can be stolen but if lost it may be found.Paper layouts are easier to make though because you dont have to add special effects by scrolling and scrolling because you can do it quickly with you pencil.
Answer:
a. True
Explanation:
In the case to find the best way of communication and the decisions regarding the allocation of the budget, the managers are required to considered various factors. In the decision process, the companies considered the audience, promotion objective, media, budget and the product characteristic i.e. why it is purchased by the consumer etc
So the given statement is true
As while taking the decisions the above things are relevant
Answer:
Confirm decision with FASB.
Explanation:
An ethical issue is any situation where a person or an organisation has to make a decision if a situation is ethical or not.
Steps to examining ethical issues includes;
1. Recognise the ethical issue
2. Establish the facts of the situation.
3. Recognise the values the ethical issue violated
4. Recognise alternative course of action.
5. Make a decision.
6. Evaluate each course of action.
I hope my answer helps you