After undertaking competitive analysis, a company has assembled the information and is now in a position to benchmark its performance against that of its competitor. A manager has been asked to carry out strategic benchmarking, but he is unsure of what information he should use.Which TWO of the options below could be used to undertake Strategic Benchmarking?
Answer(s): A,B
The Managing Director of a large golf complex is using Drucker's five questions to help develop a new strategy.Which of the following statements does not answer one of Drucker's questions?
Answer(s): A
V is the owner of a small jewellery business which deals exclusively in pearls. The business has built up an excellent network of suppliers which deliver a steady stream of high quality pearls to its workshops, where a team of highly skilled craftsmen turn basic pearls into items of jewellery. V feels that no other company has such a talented and valuable workforce and believes their skills are rare and difficult if not impossible to imitate. They are the key to the company's sustainable competitive advantage and success.What is the approach to strategy which proposes that competitive advantage is achieved from the organisation's unique assets or competences?
Four orthopaedic surgeons in a busy hospital department have very different work habits. Each has their own team of medical technicians who are used to the surgeons' personal preferences and are very comfortable with their routines; they basically do the same things every day. This way of working has gone on for several years.When a new administration manager suggested that they train all of the technicians to work with all the surgeons this led to significant resistance from all of the parties involved. The technicians were concerned that they would no longer be able to perform their usual daily tasks.On the basis of the scenario what would be the main cause of their resistance?
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Stephen commented on September 07, 2023 Good Questions indeed , they eased my mind as I prepared for the exam and I managed to smash the CIMA E2 at first attempt !!! Anonymous upvote
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