Maf640 Tutorial 123 Sept2014
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Transcript of Maf640 Tutorial 123 Sept2014
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TUTORIAL CHAPTER 1,2 & 3
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JUNE 2012 Q1 &Q5 APR 2010- Q1 &Q2
APR 2009- Q1
APR 2008 Q2 Common Test Oct 2011
Common Test Nov 2012
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Agree SF use of resources as the foundation for
producing goods &svs When there is value in the product &svs s
performance characteristics and attributers customers willing to pay for the good and svs
So increase in sales revenue, rise aboveaverage returns & enhance sustainability
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Are Sofia Foods healthy and tasty burger
patties costly to imitate?The burger patties are not costly to imitate
because it does not have a unique historicalcondition Are Sofia Foods healthy and tasty burger
patties non-substitutable?Burger patties would not be non-substitutable in the long run because thereare many substitute health food productsavailable
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Yes, it is a good idea Leave it to an expert & experienced chef
Venture into new ideas from outside & build
innovation to the business No additional investment to cater for lack of
knowledge
Supply at lower cost (cuisine) from
experienced chef
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Players Jaya Auto & Foreign carmakers Players are faced with intense competition
Product war- improve quality & create value
Lower cost & at the same time improve theirproducts quality & design
Come out with equivalent if not betterproduct than foreign carmaker
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Yes it is necessary to reexamine the visionstatement
Statement articulates the ideal descriptionand gives shapes to intended future- revisit
& reexamined the vision statement Should clearly tied to the condition in Jaya
Autos external environment & internalorganization
Should capture the hearts and minds of itsemployees and its stakeholders too.
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Yes agree Better understand the industry & general
environment characteristics
Be ready and prepare in the current newchallenges
Improve efficiency- management andemployees do not stay complacent and
satisfied with its state of affair
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Yes, Ice-cream Theatre is a competitiveadvantage
Valuable- Ice-cream theatre is a feast ofeyes
Rare- special attraction, do not possessed byothers
Costly to imitate- skilled talent and
specialized assets Non-substitutable- competitors cannot
replace wt other substitute
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Quality as well as the premium price ismaintained
Competing with other low costs as well aspremium priced ice cream
Rival- easily able to attract buyers with theircomparatively low prices
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Should open more parlors at the up marketshopping mall
High-end image- an expensive brand
Ice-cream Theatre main attraction
Glamour & uniqueness
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Yes, Mazlin should take extensive externalenvironment
Time to study on the behaviour of the newtarget market
Findings decide to open or not
Identify opportunities
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No it is not wise All business must have vision & mission
To compete and the customers intends toserve
Positive effect to the business performance-inspiring future
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Create awareness Fun exhibition
Priviledge card
Discount
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No, CF not able to earn above average return Complement each other use both model
Ex environment may impose pressures &constraint that determine strategies thatwould result above average return
Firm prepare for challenges of extenvironment
Firm prepare to faced problem & threat of extenvironment
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Political Segment- government decision toban all product using ammonium bocarbonatfrom China
Geographical Segment
Economic
Technological
etc
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-ve impact to rivalry among competitorconfectionary producers
+ve impact substitute product
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Yes, Samad should undertake an internalenvironment analysis
Can Identify business core competencies
Can identify core rigidities
Know his limitations and not too ambitious
Can Identify old advantages
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Yes, Samad should analyze the externalenvironment
Better understand the industry & generalenvironment characteristics
Be ready and prepare in the current newchallenges
Improve efficiency and performance of
business
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Not agree Nicola glory 25 year ago is still asustainable competitive advantage
Valuable
Rare
Costly to imitate
Non-substitutable
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Threat of the substitute is the sport andrecreational clubs ability to steal away buyersof the sport shop
The Club is not a threat to Jaguh Superstorebecause the satisfaction that buyer can enjoywhen buying their own equipment for theirgame
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Sosiocultural segment- societys attitude andcultural values
Technological segment- initiated the move tohave high speed wireless internet
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Nicola should take strategic planning The need to ensure a sustainable future-
business need to have detailed planning
To ensure competitiveness- ensureeffectiveness and efficiency to run thebusiness
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Causes led to the liquidity problems ad-hoc tactic of loss leader strategy- most
times items are sold below costs
Supplier is not giving a good credit term
Has poor record keeping and it lacks of goodcontrol
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Technological segment- advancement oftechnology make almost all of printed media
joined the e-media bandwagon
Sosiocultural segment- reading cultureamong the IT savvy generation has changeddrastically- esp the younger generation
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Valuable- Remajakini is no more popular andfaced declining in sales
Rare- not rare has substitute andcompetitors
Costly to imitate- advancement of technologyhas led to cheaper facilities
Non-substitutable- substitutable can be
obtained via website
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RBM not able to help because The magazine is being threatened by the
segments in the external environment
Need to study external environment
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Recommendation to Chief Editor; Organize a competition with exclusive prizes
Organize an exclusiveevent/concert/dinner/function that involvesfamous celebrities for the readers of theprinted magazine
To collaborate with other businesses that can
gives coupons, discount vouchers or sample