Thinking about Management Issues
1. Tim Horton's
Strengths: Economical, conveniently located, good service, variety.
Weaknesses: No debit, always busy, no specialty drinks, fattening.
Opportunities: stock options, soccer teams, and scholarships.
Threats: None
Tim Horton's Competitive advantage is their productive efficiency over all other coffee shops.
2. Yes, what happens in the external environment of an organization pertains to the organization regardless and should therefore be ethically evaluated. For instance: suppliers/or distributors for an organization are external yet the business conducted between the organization and the supplier should still be ethically conducted.
3. Large Business: strategy formulation and evaluation are done on a mass scale. Many managers are in place to ensure quality control, and productivity. In small businesses top managers will create and implement strategies independently as well as evaluate the companies overall production. Non-profit organizations would implement strategies that would focus on marketing a cause rather than a product; whereas global businesses would strategize around marketing products to meet cultural preferences, religions, beliefs etc.
4. Managers could utilize the Internet to create foundations for their strategies, and to build on previously successful management techniques. They could also use the Internet or intranet to convey/communicate important information to their employees.
5. Competitive advantage is a factor in Non-Profit organizations; however, it is placed on a completely different spectrum than profitable organizations. Although both type ...