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Rymco: the Blue Ocean Strategy

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Submitted By maximumhorse
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BADM 320 Administrative Problem Solving
Dr. Edmund

Strategy

Mission Statement: Formal Business Statement of Aims. A formal document that states the aims of a company or organization.

Vision: The ability to anticipate possible future events and developments.

Ability to think ahead. The ability to envision possible future problems or obstacles. the act of looking forward.

An observation or measurement made looking forward. the making of a statement or forming of an opinion about what will happen in the future.

Executive Summary: A statement (summary: a shortened version of something that has been said or written, containing only the main points) by the Senior Management in a company or organization, whose job it is to make and implement major decisions.
A committee or group in a political organization that makes decisions and has the authority to implement them.
Responsible for or relating to the making and implementing of general decisions in a company, organization, or government.

Objectives

Goals

Strategies

Tactics

Objectives: based on facts rather than thoughts or opinions a goal or purpose. free of any bias or prejudice caused by personal feelings.

Goals: Aim something that somebody wants to achieve. Target Area.

Strategy: a carefully devised plan of action to achieve a goal, or the art of developing or carrying out such a plan.

Tactic: Means to a goal; a method used or a course of action followed in order to achieve an immediate or short-term aim.

Different types of strategy are required at/for different levels/departments within an organization. They are controlled or directed/guided or constrained by the frame work of the Corporate Objectives, Goals and overall Corporate Strategy.

The focus is on three strategic levels – corporate strategy, business unit strategy,

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Rymco Blue Ocean Strategy

...ANSWER TO QUESTIONS: 1. How would a consumer’s level of involvement, need for cognition, and level of information search affect the purchase of a new car? THEORY: The consumer buying decision process is a five-stage purchase decision process which includes problem recognition, information search, evaluation of alternatives, purchase, and post-purchase evaluation. The problem recognition occurs when a buyer becomes aware of a difference between a desired state and an actual condition.After the consumer becomes aware of the problem or need, he or she searches for information about products that will help resolve the problem or satisfy the need. Repetition, a technique well known to advertisers, increases consumers’ learning. Repetition eventually may cause wear-out, meaning consumers pay less attention to the commercial and respond to it lessfavourably than they did at first. A successful information search within a product category yields a consideration set (aka evoked set), which is a group of brands that the buyer views as possible alternatives.Purchase selection is based on the outcome of the evaluation stage and other dimensions.After purchase, the buyer begins to evaluate the product to ascertain if the actual performance meets expected levels. Cognitive dissonance is a buyer’s doubts that arise shortly after a purchase about whether it was the right decision. REALISTIC: During the daily using a car or a public transportation, he will realize if he need to buy a new...

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...PROJECT MANAGEMENT By Michael Harding Roberts Table of Contents Chapter 1 - Introduction and Principles .............................................................................. 1 Chapter 2 - Projects and Stages ........................................................................................ 4 Chapter 3 - Roles and Responsibilities ............................................................................ 27 Chapter 4 - Project Definition ........................................................................................... 45 Chapter 5 - Risk Management ......................................................................................... 57 Chapter 6 - Estimating ..................................................................................................... 66 Chapter 7 - Planning ........................................................................................................ 79 Chapter 8 - Stage Agreement ........................................................................................ 101 Chapter 9 - Project Support ........................................................................................... 110 Chapter 10 - Tracking, Controlling and Reporting .......................................................... 122 Chapter 11 - Change and Issue Management ............................................................... 144 Chapter 12 - Quality Management ......................................................................

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