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MMPC 12

Suppose you are asked to formulate a turnaround strategy for a sick organization. Explain the turnaround process which you will use for that organization

Formulating a turnaround strategy for a struggling organization involves a systematic process aimed at restoring financial health, operational efficiency, and market competitiveness. Here’s a structured approach to the turnaround process: 1. Assessment of the Current Situation 2. Identify Core Issues 3. Develop a Turnaround Strategy 4. Implement Changes 5. Enhance Customer Focus 6. Monitor and… Read More »Suppose you are asked to formulate a turnaround strategy for a sick organization. Explain the turnaround process which you will use for that organization

Explain the concept of fragmented industries. Choose any one fragmented industry and explain its competitive advantage

Concept of Fragmented Industries Fragmented industries are characterized by a large number of small to medium-sized firms competing in the market, resulting in no single company dominating the industry. This fragmentation often arises due to low barriers to entry, diverse customer needs, regional variations, and a lack of standardized products or services. In such industries,… Read More »Explain the concept of fragmented industries. Choose any one fragmented industry and explain its competitive advantage

What do you understand by the competitive environment? Choose an industry and discuss the external framework of that industry

The competitive environment refers to the external factors and conditions that influence the competitive dynamics within an industry. It encompasses various elements, including market structure, competitive rivalry, barriers to entry, supplier power, buyer power, and the threat of substitutes. Understanding the competitive environment helps organizations identify opportunities and threats, shaping their strategic decisions. Industry Example:… Read More »What do you understand by the competitive environment? Choose an industry and discuss the external framework of that industry

How Industrial Organization Model (IO) forms a basis to understand the concept of strategy leading to competitive advantage

The Industrial Organization Model (IO Model) provides a framework for understanding how the external environment influences an organization’s strategy and competitive advantage. Here’s how it contributes to the concept of strategy in achieving competitive advantage: Key Components of the IO Model Competitive Advantage Practical Application For example, a tech company entering a rapidly evolving industry,… Read More »How Industrial Organization Model (IO) forms a basis to understand the concept of strategy leading to competitive advantage

Suppose you are working in an organization and are the part of top management. How will you set the objectives for your organization?

Setting objectives for an organization as part of top management involves a structured approach to ensure alignment with the overall vision and mission. Here’s how to effectively set objectives: 1. Align with Vision and Mission 2. Involve Stakeholders 3. Conduct a SWOT Analysis 4. Set SMART Objectives 5. Prioritize Objectives 6. Communicate Objectives 7. Implement… Read More »Suppose you are working in an organization and are the part of top management. How will you set the objectives for your organization?