Purchase Solution

Business Strategy

Not what you're looking for?

Ask Custom Question

1. How can a corporation's life cycle be extended?

2. What is strategy implementation? What questions must strategy makers consider to begin the implementation process?

3. What is reengineering? What are the seven principles for reengineering proposed by Michael Hammer? Explain which principle is most important in your opinion.

4. List the six guidelines proposed for successful downsizing, and explain the importance of each one.

Purchase this Solution
Solution Summary

How do businesses stay relevant in today's competitive market? It's through innovation and change that businesses are able to stay one step ahead of the competition. However, the process is not as easy as it sounds and requires a great deal of strategic planning and implementation.

Solution Preview

1. How can a corporation's life cycle be extended?

At the point when a corporation's life cycle is at the maturation stage, that's when the cycle can be extended. It's not inevitable that a corporation will die, but it can go through a reviving phase sometime between the maturation and decline phase. At this point, the life cycle can be extended by creating managerial and product innovations as a turn-around strategy. Managerial innovation provides a lasting advantage if it challenges the generally accepted theories of management, is systematic, and includes a variety of processes and methods. Product innovations of course includes either new or improved products, inclusion of new materials, or changing materials into desired products.

2. What is strategy implementation? What questions must strategy makers consider to begin the implementation process?

Strategy implementation is defined as the process of adopting organizational policies and practices that are consistent with the organization's strategy. There are typically three specific organizational policies and practices that are important in the strategy implementation process and they include: 1) ...

Solution provided by:
Kaira Carter, MBA, DBA
Education
  • DBA, Argosy University
  • MBA, University of Phoenix
Recent Feedback
  • "Very helpful, thank you!"
  • "WOW! Thank you so much! I'm saving this vital info. (printed copy) in back of my business book for easy reference. Everyone should refer to this reminder regularly to avoid major ramifications when corresponding electronically. "
  • "Thank you!"
  • "thanks"
  • "Thank you!"
Purchase this Solution
Free BrainMass Quizzes
Understanding the Accounting Equation

These 10 questions help a new student of accounting to understand the basic premise of accounting and how it is applied to the business world.

Cost Concepts: Analyzing Costs in Managerial Accounting

This quiz gives students the opportunity to assess their knowledge of cost concepts used in managerial accounting such as opportunity costs, marginal costs, relevant costs and the benefits and relationships that derive from them.

Business Processes

This quiz is intended to help business students better understand business processes, including those related to manufacturing and marketing. The questions focus on terms used to describe business processes and marketing activities.

Marketing Management Philosophies Quiz

A test on how well a student understands the basic assumptions of marketers on buyers that will form a basis of their marketing strategies.

Understanding Management

This quiz will help you understand the dimensions of employee diversity as well as how to manage a culturally diverse workforce.

View More Free Quizzes
Related BrainMass Solutions

  • This post addresses organizational strategy and IS strategy.

    476443 Organizational Strategy and IS Strategy Why is it important for business strategy to drive organizational strategy and IS strategy? What might happen if business strategy was not the driver?

  • Marketing Strategy Relationships

    625954 Marketing Strategy Relationships Discuss how marketing strategy fits within the larger framework of business strategy.

  • Corporate Strategy and Business Strategy at Boeing

    656287 Corporate Strategy and Business Strategy at Boeing What are the differences and relationships between a business-level strategy and a corporate-level strategy at the Boeing Company?

  • Relationship between Business Strategy

    (Lawson, 2006) This IT strategy needs a distinct business strategy.

  • Organisational Strategy and HR Management

    548037 What are the necessary conditions for determining a business strategy in an organisation? How can organisations work to include HR issues within a business strategy?

  • Pricing Strategy Examples

    This solution provides an examination of the pricing strategy and the impact of the strategy chosen on the profitability of the business. The critical steps in setting up a business are determined.

  • Business Strategy & Marketing Strategy

    616286 Business Strategy & Marketing Strategy Discuss how marketing strategy fits within the larger framework of business strategy.

  • distinction between business and corporate strategy

    Perhaps the biggest difference between a 'business strategy' and a 'corporate strategy' (as Grant refers to them) is that specific business units pursue business strategies, but more than one of the business units must be involved to pursue a corporate

  • Subway's Marketing Strategy

    What marketing PRICE strategy would you recommend to Subway to counter the threats to its business? 2. Why do you recommend this marketing PRICE strategy to Subway to counter the threats to its business? 3.

  • E-business strategy framework

    Strategy Formulation: Strategy formulation entails formulating a strategy on how to conduct business.

View More Related Solutions