Question

With regard to business strategy, you want to identify key success factors and business risks, and to assess the company’s ability to create a sustainable competitive advantage. (What must the company do right to succeed? Has it chosen a low-cost leadership or a product differentiation strategy?). For the company General Mills.

Answer 1

Key Success Factors :

1) Excellent Leadership

2) Knowledgable Management

3) Effective Planning

4) Quality Product

5) Quality Service

6) Employee Education

7) Treating employees as an assets

8) Employee Motivation

9) Effective and proper work flow

10) Internal Checks Implimentation

11) Good Customer Relationship

12) Well educated staff

13) Maintenance of accurate financial data, etc

Bussiness Risks

1) Cost Inflation

2) Increase in employee cost

3) Competetion

4) Technological Risk

5) Data Security Risk, etc

6) Natural Disaster

7) Pandemic, etc