Question 1: Business to Business (B2B) E-Commerce B2B occurs when a business sells products and sells products and services to customers who are primarily other businesses. Business to Consumers (B2C) E-Commerce B2C Occurs when a business sell products and to consumers who are primarily individual companies Consumer to Business (C2B) E-Commerce C2B Occurs when an individual sells products and services to a business Consumer to Consumer (C2C) E-Commerce C2C Occurs when an individual
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1.How would you describe strategic management and why is it necessary in today’s business environment? Strategic management analyses the major initiatives taken by a company's top management on behalf of owners, involving resources and performance in internal and external environments.[1] It entails specifying the organization's mission, vision and objectives, developing policies and plans, often in terms of projects and programs, which are designed to achieve these objectives, and then allocating
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Item 1 =========================================================== Managers within a strategic business unit or small organizations can make use of a variety of strategic techniques ideas and tools as part of the business planning process .Critically review the value of the main tools that exist to determine the most appropriate bases of competitive advantage including Porter’s thinking on generic strategies. ===========================================================Word count: 1579 =====
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development of a human resource strategy that can support the plan of the business needs HRM planning to be included and recognized as an integral part of business planning strategy. The integration of the HR strategy and strategic planning is one of the chief elements that contribute to entrepreneurial excellence. This paper will focus on 3 strategic plans of Choithram supermarkets and develop a HR plan for the year 2011. This HR plan will include selection and recruitment, induction and training
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University Professor: Dr. Stephen Tvorik Business Policy and Strategy. 18th Jan 2014 Abstract In this topic I Explain about the two different part one I explain about the pitfall because of the uncertainty and the other thing is unpredictability. If you are the new consultant in the company you have to take care of the point very carefully. I also explain about the scenario planning in the strategic planning. It is also very important in the strategic planning. I also explain about the cognitive
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the conduct of its business, and strengthen its prospects for long-term success. 2. Develop an awareness of the four most dependable strategic approaches for setting a company apart from rivals and winning a sustainable competitive advantage. 3. Understand that a company’s strategy tends to evolve over time because of changing circumstances and ongoing management efforts to improve the company’s strategy. 4. Learn why it is important for a company to have a viable business model that outlines the
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Management (HRM) has gone from being operational to strategic, which are the two stages of Human Resources, and from reactive to proactive. The Human Resources line of work might sort out its thoughts concerning the past, present, and future about the structure, which the comes from the blinding of both proactive and reactive HR. Operational HR behaviors usually see to the day-to-day operations essential to meeting the needs of your employees, while strategic HR management concerns itself with predicting
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term ‘strategy’ proliferates in discussions of business. The term ‘strategy’ is derived from the Greek word ‘stratēgia’, which means the “art of the troop leader”: a plan, course of action, or a set of decisions creating a pattern or a common link. All the successful business enterprises today constantly take in new information about their markets, customers, and operating environments. Then, management uses that knowledge and data to shape new strategic directions, to reorganise how they respond to
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Outcome 1: Understand how the strategic management of human resources contributes to the achievement of organisational objectives. Task 1 • significance of strategic Human Resource Management function • What is Human Resource Management • Definition of HRM from different authors • Briefly explain the functions of HRM • Is human resource a strategic function – the different between personnel management and HRM clearly indicates that HR is a strategic fucntion which proves that
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Strategic Management Process Audree Luevano MGT/498 Strategic Management October 31, 2013 Mario Ducret Strategic Management Process The strategic management process is a valuable process to any organization wanting to remain competitive, profitable, and remain in business. General Motors is such an organization that has used the strategic management process to turn itself around from failing in the automobile industry to being back on top of its game.
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