The value chain is a significant tool in strategic management. For illustration, it can be employed by a firm to enhance its cost competitiveness. Discuss and illustrate out the options accessible to the firm to diminish cost while focusing on:
(i) Its own operations
(ii) Its suppliers and
(iii) Its distributors.
Discuss and illustrate out the various kinds of grand strategies which a firm can employ to grow and boost sales. Support your answer with appropriate instances.
Pearce and Robinson propose four (4) kinds of controls to assess and control strategies. Illustrate out each of these kinds of controls.
prepare concise notes on following:
a) The Porter’s five forces model
b) Role of the mission statement
c) Defensive strategies