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Objective: Able to discuss the concept of strategic management

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Porter's Five Forces of Competitive Position Analysis were developed in 1979 by Michael E Porter of Harvard Business School as a simple framework for assessing and evaluating the competitive strength and position of a business organisation.

This theory is based on the concept that there are five forces that determine the competitive intensity and attractiveness of a market. Porter’s five forces help to identify where power lies in a business situation. This is useful both in understanding the strength of an organisation’s current competitive position, and the strength of a position that an organisation may look to move into.

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A PESTLE analysis is often used as a broad fact-finding activity. It helps an organisation establish the external factors that could impact decisions made inside the organisation. An organisation on its own cannot affect these factors – nor can these factors directly affect the profitability of an organisation.

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https://www.youtube.com/watch?v=Dfp23xSqpdk

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Porter's 5 Forces EXPLAINED | B2U | Business To You

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A PESTLE analysis is an appropriate framework and activity to use in a range of business planning situations.

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https://flipbookpdf.net/web/site/be1eea42165cffb475ad2a0f3ec7b1f0af63b0c3202108.pdf.html

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https://www.youtube.com/watch?v=X50pXorhtjY

From this video, discuss in group about:

1. What factors determine the sustainability of a

firm’s competitive advantage.

2. How Internet enabled business models are being

used to improve strategic positioning.

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Please introduce yourself to class......

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Please answer all questions.

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Wordwall - Create better lessons quicker

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1) Definition of strategy a) A plan of action designed to achieve a long-term or overall aim b) An objective to achieve a long-term or overall aim c) A plan of action designed to achieve a short-term or overall aim 2) How many steps of strategy a) 7 b) 9 c) 10 3) Which on of 3rd of stages of strategy? a) Analyze b) Formulate c) Implement 4) SWOT Analysis a) Strength, Worthy, Opportunity, Threat b) Strength, Weakness, Opportunity, Threat c) Strength, Worthy, Optimize, Threat 5) PESTEL a) Politic, Economy. Social, Technology, Environment, Legal b) Politic, Economy. Social, Technology, Environment, Location c) Public, Economy. Social, Technology, Environment, Lega

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1) Definition of strategy a) A plan of action designed to achieve a long-term or overall aim b) An objective to achieve a long-term or overall aim c) A plan of action designed to achieve a short-term or overall aim 2) How many steps of strategy a) 7 b) 9 c) 10 3) Which on of 3rd of stages of strategy?

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From this game, student needs to provide higher margins that enable McDonald's to deal with customer.

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McDonald's Videogame is a casual game that provides an opportunity to experience the complexities of running a corporation like McDonald's. In this game, you'll dive into the intricate process involved in the fast-food industry, from managing pastures and the supply chain to operating restaurants and building a strong brand.

As you progress, you'll uncover the various aspects and challenges of running a global company. You'll learn about the behind-the-scenes operations, including sourcing ingredients, handling logistics, and ensuring quality control. The game aims to shed light on the inner workings of McDonald's and offers insights into the strategies and practices that have contributed to its success as one of the largest companies in the world.

By navigating through different scenarios, you'll gain a better understanding of the decision-making process and the trade-offs involved in the fast-food industry. The McDonald's Videogame provides a virtual platform to explore and learn about the complexities and responsibilities that come with managing a global corporation.

Developer

McDonald's Video Game was made by Molleindustria.

Platform

Web browser

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McDonald's Video Game 🕹️ Play on CrazyGames

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McDonald's Videogame is a casual game that provides an opportunity to experience the complexities of running a corporation like McDonald's. In this game, you'll dive into the intricate process involved in the fast-food industry, from managing pastures and the supply chain to operating restaurants and building a strong brand.

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From this video, please choose one company then analyse the PESTLE of that company.

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Easily create beautiful interactive video lessons for your students you can integrate right into your LMS. Track students' progress with hassle-free analytics as you flip your classroom!