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QN 1. Identify and discuss Porter's five generic strategies. QN 2. Describe the role of organizational...

QN 1. Identify and discuss Porter's five generic strategies.

QN 2. Describe the role of organizational culture in strategy analysis and choice.

QN 3. Discuss management, production/operations, and human resource issues vital for successful strategy implementation.

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Homework Answers

Answer #1

The Michael Porter's Five Generic Strategies has a focus on creating strategies that helps to gain competitive advantages from three different bases: Cost leadership, Differentiation and focus.
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There are three main streams for the Michael Porter's Generic Strategies which are:

  • Cost leadership.
  • Differentiation.
  • Focus.

Organizational culture is one of the important parts of the strategic thinking and it can impact on company's employees, customers, suppliers and other different targets. The owner of the company can create their own strategy on the alignment of unique organizational culture with a competitive space.

  • Weak Strategy. The point of a strategy is a new vision. ...
  • Ineffective training. A new strategic initiative will never get off the ground without the proper training for employees who are expected to execute. ...
  • Lack of resources. ...
  • Lack of communication. ...
  • Lack of follow through.
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