https://padlet.com/paragnz73/2mh6ih6ywmnd43qx Demonstrate understanding of strategic response to external factors by a business that operates in a global context (91380) en-us 2020-11-02 19:54:49 UTC 2025-04-23 16:28:47 UTC hello@padlet.com paragnz73 https://padlet.com/paragnz73/2mh6ih6ywmnd43qx/wish/883916209 Writing an"Excellence Answer"

Instructions:
1. Please follow the clues, hints and steps
2. These are guidelines to be used to reflect your understanding

Advice:
Prepare a ready reckoner on:
1. Porters generic strategies
2. charateristics of strategic decisions
3. criteria for a strategic decision
4. 4 societal expectations :
CESE - cultural, economic, social, environmental
5. opportunities & threats of MNC activity
6. impact of changes in global market place - business cycle & related strategies
changes in consumer behaviour & related strategies]]> 2020-11-02 20:04:40 UTC https://padlet.com/paragnz73/2mh6ih6ywmnd43qx/wish/883916209 paragnz73 https://padlet.com/paragnz73/2mh6ih6ywmnd43qx/wish/884339698 Fully explain the impact of recessionary conditions in an export market that a multinational
business operates in or decides to enter.
In your answer, refer to:
• how the recessionary conditions might affect the export market
• how these conditions may impact on the success of the multinational business in the
export market.

Clue: Look at the key stages of business cycle and the impact on business in a recessionary stage

Step1:  State the reason of the recession in NZ and its consequential effect on demand

Step2:  state the imoact it will have on the NZ market in general

Step3:  state perceived impact on Stol and its strategic objectives]]> 2020-11-02 22:43:41 UTC https://padlet.com/paragnz73/2mh6ih6ywmnd43qx/wish/884339698 paragnz73 https://padlet.com/paragnz73/2mh6ih6ywmnd43qx/wish/884345150 Fully explain ONE opportunity or ONE threat of the entry of a multinational business for the
New Zealand-registered business.
In your answer, refer to:
• the opportunity or threat of the entry of the multinational business
• the impact this will have on the long-term financial sustainability of the New Zealand registered business.

Clue: Look at the key positives - employment opportunities, quality, economic growth
and key negatives - monopoly, exploitation of natural resources, penetration pricing and resulting losses

Step1:  Relate the above factors to local NZ business engaged in furniture industry]]> 2020-11-02 22:46:55 UTC https://padlet.com/paragnz73/2mh6ih6ywmnd43qx/wish/884345150 paragnz73 https://padlet.com/paragnz73/2mh6ih6ywmnd43qx/wish/884348079 Evaluate a strategic response that a business could implement to ensure that senior staff
demonstrate cultural awareness when establishing a new business operation in New
Zealand.
In your answer:
• state the strategic response, and explain why this is a business-wide reaction at multiple levels (at least TWO of size, scope, and timeframe)
• fully explain ONE positive impact and ONE negative impact of the strategic response
• provide a justified conclusion, including any new information, as to the likely success of
the strategic response.

Clue: Maori concept of "whanaungatanga" acknowledges the importance of developing, managing and sustaining relationships, working harmoniously to achieve common goals.

Step1:  State the strategic response, the clue is provided in the  question itself

Step2:  State the strategic response, the clue is provided in the  question itself - remember strategic response is one that is made by senior management and involves capital & manpower, affects many aspects of the business and takes a long period of time to implement or reap benefits

Step3:  link this response and its positives with Stol's business and how it will benefit and lead to - employee motivation, productivity, sales, returns, market share, profitability and "long term impact"

Step4:  repeat the same with the negatives, relating it to the cost of time and scope

Step5:  compare step 3 & 4 and conclude by stating "therefore, the strategic decision of ............ has positives which far outweighs the negatives and how it will help Stol achieve its vision & objective (as stated in the preface & facts)

]]> 2020-11-02 22:48:42 UTC https://padlet.com/paragnz73/2mh6ih6ywmnd43qx/wish/884348079 paragnz73 https://padlet.com/paragnz73/2mh6ih6ywmnd43qx/wish/884350212 Evaluate a strategic response that could be implemented to ensure that the business meets
societal expectations with respect to producing environmentally sustainable products.
In your answer:
• state the strategic response, and explain why this is a business-wide reaction at
multiple levels (at least TWO of size, scope, and timeframe)
• fully explain ONE positive impact and ONE negative impact of the strategic response
• provide a justified conclusion, including any new information, as to the likely success of
the strategic response

Clue: Environment sustainability is about resource efficiency, energy conservation and pollution regulation - concept of "kaitiakitanga"

Hint 1: where does Stol sources its woods from?
Hint 2: strategic response would be to respond to the concern raised by environmentalists

Step 1: state the strategic response based on above clues n hints

Step 2: explain by stating why and how it will lead to a solution

Step 3: state one positive and one negative and link it to the employee morale and productivity

Step 4: state how the positive/s and negative/s will impact Stol's business and how it will benefit and lead to - employee motivation, productivity, sales, returns, market share, profitability and "long term impact"

Step5:  compare step 3 & 4 and conclude by stating "therefore, the strategic decision of ............ has positives which far outweighs the negatives and how it will help Stol achieve its vision & objective (as stated in the preface & facts)

]]> 2020-11-02 22:50:02 UTC https://padlet.com/paragnz73/2mh6ih6ywmnd43qx/wish/884350212 diveshchand1 https://padlet.com/paragnz73/2mh6ih6ywmnd43qx/wish/884652629 Fully explain the impact of recessionary conditions in an export market that a multinational business operates in or decides to enter. In your answer, refer to:• how the recessionary conditions might affect the export market• how these conditions may impact on the success of the multinational business in the export market.

]]> 2020-11-03 01:46:40 UTC https://padlet.com/paragnz73/2mh6ih6ywmnd43qx/wish/884652629 kushvirpoonia https://padlet.com/paragnz73/2mh6ih6ywmnd43qx/wish/884654506 2020-11-03 01:47:43 UTC https://padlet.com/paragnz73/2mh6ih6ywmnd43qx/wish/884654506 johanpreetsingh https://padlet.com/paragnz73/2mh6ih6ywmnd43qx/wish/884658483 2020-11-03 01:49:53 UTC https://padlet.com/paragnz73/2mh6ih6ywmnd43qx/wish/884658483 callumbenson https://padlet.com/paragnz73/2mh6ih6ywmnd43qx/wish/884658515  Fully explain the impact of recessionary conditions in an export market that a multinational business operates in or decides to enter. In your answer, refer to:• how the recessionary conditions might affect the export market• how these conditions may impact on the success of the multinational business in the export market. ]]> 2020-11-03 01:49:55 UTC https://padlet.com/paragnz73/2mh6ih6ywmnd43qx/wish/884658515 vivekpatel1 https://padlet.com/paragnz73/2mh6ih6ywmnd43qx/wish/884660268 Fully explain the impact of recessionary conditions in an export market that a multinational
business operates in or decides to enter.
In your answer, refer to:
• how the recessionary conditions might affect the export market
• how these conditions may impact on the success of the multinational business in the
export market.]]> 2020-11-03 01:50:51 UTC https://padlet.com/paragnz73/2mh6ih6ywmnd43qx/wish/884660268