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Strategic decision making

Strategic Management

answered on 22-May-23 11:39

What are environment variables?

latest answer

Environment variables in strategic decision making refer to the external factors and conditions that can significantly influence the outcome and success of strategic decisions made by an organization. These variables encompass a broad range of elements that impact the business environment and can include: Economic Factors: Variables such as economic growth, inflation rates, interest rates, exchange rates, and consumer purchasing power affect the financial viability of strategic decisions. For example, an organization may choose to expand into a new market based on favorable economic conditions. Social and Cultural Factors: These variables pertain to societal and cultural trends, values, attitudes, and demographics. They influence consumer preferences, behavior, and market demands, which are crucial for strategic decision making. For instance, a company may need to consider cultural differences when launching a marketing campaign in different regions. Technological Factors: The pace of technological advancements, availability of new technologies, and the level of innovation in the industry are vital environment variables. Organizations must adapt their strategies to leverage emerging technologies or defend against disruptive ones. Political and Legal Factors: Government policies, regulations, trade laws, taxation policies, and political stability impact strategic decision making. For example, changes in regulations might necessitate altering supply chain strategies or manufacturing processes. Environmental Factors: Increasingly, environmental considerations play a significant role in strategic decision making. Factors such as climate change, sustainability, resource availability, and environmental regulations can shape an organization's long-term strategy and reputation. Competitive Factors: The competitive landscape, industry dynamics, market saturation, and the actions of competitors are essential variables. Organizations must assess the competitive environment to develop effective strategies for market positioning, differentiation, and growth. Industry and Market Factors: Factors specific to the industry and market in which an organization operates are crucial. This includes factors such as market size, growth rate, customer preferences, distribution channels, and barriers to entry.

Amit Pandit

Amit Pandit

CA Inter

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1

254

SM - Q.5 - Study Material

Strategic Management

answered on 06-Apr-23 09:22

The answer for this question, as per our Study material, is "Differentiation strategy". But, I thought it would be "Focused Differentiation" strategy as it caters to a particular segment (narrow market). Can anyone please help me to differentiate between these two? How to identify it in the exam? Any clue or hint to identify it in case studies?

latest answer

Varshaa Read it carefully it is not a narrow Market As it survives to a large market of newly born kids and mothers it would have been a small market if they told you a very small market like small jurisdiction, small number of buyers etc

Varshaa M

Varshaa M

CA Final

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296

Clothing industry and food industry

Strategic Management

answered on 31-Mar-23 12:42

at what stage is food industry is on [introductory, growth, maturity, decline] and same for clothing industry.

latest answer

It will grow at the rate of population growth.

Jayanth

Jayanth

CA Inter

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5

283

Retrenchment

Strategic Management

answered on 27-Mar-23 21:58

Simplify the term retrenchment? As i understood it means cost reduction and activities taken for reduction of expenditures... Right or wrong????

latest answer

Thank you sir🀩

mugi Mugilan

mugi Mugilan

CA Final

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251

Organisation and Strategic Leadership

Strategic Management

answered on 23-Mar-23 05:59

What is the difference bw Divisional and Multi Divisional Structure?

latest answer

Both are same

Sarthak Aggarwal

Sarthak Aggarwal

CA Inter

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240

Book

Strategic Management

answered on 21-Feb-23 17:18

It has been 10 days since I ordered for SM & EIS book But it is still not packed When will I get this book Please look into this issue

latest answer

Hi Ashfaq, Sorry for the issue. EIS book ran out of stock and hence could not be packed. We will split the order and dispatch SM tomorrow. EIS will be dispatched in 3-4 days' time.

Ashfaq Ahmed

Ashfaq Ahmed

CA Final

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291

Ch 2 dynamics of competitive strategy

Strategic Management

answered on 18-Feb-23 18:31

How is key success factor of an industry is different from core competencies?

latest answer

Okay thanks. Got it

Dharshini Sankar

Dharshini Sankar

CA Inter

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328

CMA Inter Operation management

Strategic Management

answered on 16-Feb-23 16:49

When will operation management classes available for sale

latest answer

They will not be available unfortunately

Vignesh Anandhan

Vignesh Anandhan

CMA Inter

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211

Chapter 2 sm

Strategic Management

answered on 16-Feb-23 15:02

What is difference between key success factor and core competency ...any example....what factor to consider to decide in mcq whether it is key success factor or core competency

latest answer

Key Success Factor - Individual success factor. Core competency - Ability to use KSF and achieve desired results.

Gauri Shete

Gauri Shete

CA Final

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2

278

Business strategies

Strategic Management

answered on 30-Jan-23 11:49

This advice emphasis on neutralize the threats and convert them into opportunities by utilizing strength. Organization can gain competitive advantage by cost leadership without compromising the product quality and taking into consumers needs and wants.

latest answer

Absolutely rightΓ°???

Mansha Tutlani

Mansha Tutlani

CA Final

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237

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