Please answer each separately and let me know what answer is for what question
1. Good leadership should understand the basic goals of the organization. Moreover, in order to move a business in a constructive direction the following aspects should be considered to help an organization to remain competitive in the marketplace. First Who, then What: Getting the right people on the bus and the wrong people off the bus. Deciding which direction the bus will go, and putting the right people in the right position is one of an organization’s best assets.
Confronting the Brutal Facts (Never Lose Faith)
Every good to great company endorses what is known as the: Stockdale Paradox (organizations must remain determined and keep persevering, and never lose hope) However, an organization must be able to face the truth.
In addition, the Hedgehog Concept (changes complexity to simplicity within three disciplines, which could help to turn a business around and move a business in a productive direction
(Collins, 2001). Ø restructuring core competence Ø Knowing how to be the best at something
Ø Technology Accelerators: An organization must be the best at something; if an organization is not the best at something, an organization must change directions, technology accelerators, globalization, are just two ways an organization could move in a constructive and productive direction (Collins, 2001). In addition, Geno One might need to focus on its core values and enforce its mission statement. Moreover, in order for an organization to achieve the outcome(s) desired by the organization is determined by a person’s knowledge to provide the necessary variables to achieve those outcomes.Therefore, it is imperative that the organization moves in a direction of high organizational efficacy. In doing so, this would assist an organization to work effectively and efficiently to bring about the best and most productive outcome possible, which would assist organizations to keep moving forward. Your thoughts?
2. According to Scarborough, Wilson, and Zimmerer (2009) using a feasibility analysis helps a business to determine the quality of the business’s product or service and to gauge customer appeal. One method used is called prototyping. One of the ways a business could use prototyping is via the Internet to test the business’s idea. Every business idea is considered as a hypothesis. Therefore, if the hypothesis test is positive, then the business endeavor can move forward, however, is the test is negative, the business may need to re-consider the marketing plan. Too often businesses may be confronted with negative results, regarding the marketing plan. However, sometimes a business will still move forward with a marketing plan that is insufficient to meet the needs of the public. In doing so, this might revert to the organization re-designing their entire marketing plan. In addition, using research sampling methods are good, depending on what you are trying to accomplish and could help to reduce inadequate marketing plans. If your marketing concerns are based on control and you wish to assure that each population element is given a known nonzero chance of selection, probability sampling would be the method of choice. However, if your marketing concerns are less controlled you can use an arbitrary sampling method, non-probability, which simply means you can select individuals at random. Therefore, one of the primary goals would be to first select your target market group, which would help in your decision-making process, regarding what method to choose. Scanning the external environment is a crucial component to developing a strong and workable marketing plan. Knowing and understanding the strengths and weaknesses of the competition would help an organization to design the best marketing plan for an organization. Your thoughts?
3. What could be the basis for establishing a competitive advantage in a business with few entry barriers?
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