Management  >  EXAMs  >  Management Carson Assignment 2- solved questions 100% (All)

Management Carson Assignment 2- solved questions 100%

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Key to walmart's success - ANSWER logistics and inventory control, controls own transportation, uses supercomputer to manage inventory control Kmart - ANSWER bankrupt, losing almost all stores W ... almart - ANSWER #1 on forbes list of largest companies by revenue Amazon vs walmart - ANSWER new competition, amazon's growth curve is much steeper GE - ANSWER 2018, Immelt out, flannery in What happened to GE? - ANSWER Overconfidence, Board not clued in, Bet on Finance Strategic Decisions of GE - ANSWER Post-financial crisis strategy, software, energy Flannery - ANSWER out after 1 year, new CEO Culp, who was known for turnaround success Keys to formulating strategies - ANSWER Business mission, external opportunities and threats, internal strengths and weaknesses, strategy formulation SO Strategies - ANSWER Use strengths to take advantage of opportunities WO strategies - ANSWER Overcome weaknesses by taking advantage of opportunities ST strategies - ANSWER use strengths to avoid threats WT strategies - ANSWER minimize weaknesses and avoid threats Porter's Five Forces - ANSWER Likelihood of new entrants, bargaining power of suppliers, bargaining power of buyers, substitute products or services, competitive rivalry (combo of first 4) As you move up the organizational chart decisions become... - ANSWER more far reaching, costlier, and harder One reason why management is difficult - ANSWER decisions are hard to make Decision bias - ANSWER positive framing and negative framing [Show More]

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