1. Who needs to be involved in formulating organizational strategy? 2. Name same
ID: 411268 • Letter: 1
Question
1. Who needs to be involved in formulating organizational strategy?2. Name same of the competitive trade offs that might arise in a fast food restaurant.
3. How does technology improve each of these? a) competitiveness b) productivity
4. How can ethics be included in strategic planning?
1. Who needs to be involved in formulating organizational strategy?
2. Name same of the competitive trade offs that might arise in a fast food restaurant.
3. How does technology improve each of these? a) competitiveness b) productivity
4. How can ethics be included in strategic planning?
2. Name same of the competitive trade offs that might arise in a fast food restaurant.
3. How does technology improve each of these? a) competitiveness b) productivity
4. How can ethics be included in strategic planning?
Explanation / Answer
1-Developing an organisational strategy is very essential task for each and every organisation which is required for an organisation to successfully carry out their job and to provide services as well as products.
Top level authorities, manager supervisor of the organisations are some of the main involvement in development of the Strategies for the organisation. Environment of the managerial employees of the organisation directly increases the level of efficiency of the specific strategy which was built for the organisation.
2- Fast food restaurants are directly open to many threats for the business. Some factors which are influential for competitive trades are as follows.
Low prices are one of the most important part of any fast food food chain. Lower prices directly increases the overall competition and define competitive advantage of different forms in the specific region.
For any food chain ,quality of food is the most essential part as it is based on the whole business. Better quality of the food ensure large number of customers as well as increased mouth to mouth publicity. If the product quality is reduced or compromised over level of competition would definitely increase and other food chains would be able to provide better quality and to capture the customers.
Diversification of the menu available items in the menu is also a very influential task in any food chain. Largest number of choices better the number of customers.
a)-Technology definitely improve the world competitiveness as it provides a competitive advantage over different promotional and Organisational Management.
For an example Technology enables an organisation or a put into public their products on the social media which is very beneficial for creating a promotional strategy for the organisation which definitely reaches to the masses at a very low time.
By increasing the human resource management system as well as implementing the electronic record system into the organisation, nCS and productivity of the organisation can be widely increased and a food chain management can be benefited by the reduced order taking time as well as availability of the different mediums for payments and for reducing the overall processing time.
b)Availability of the technology enables a food chain to create and to develop the workflow according to the available Technologies. Connectivity between different aspect of order taking and making of the order reduces the time gap between different events in the food creation. This reduction of the time gap between two events of the order taking as well as food creation process definitely increases the level of productivity of the food chain network. If a food chain is delivering their product to home, technology widely increases the level of tracking as well as availability of a different maps according to the location with which British Airways could be provided to the customer and the productivity of the organisation can be widely increased.
4-Ethucs Are one of the most essential part of any organisation. What is provide a support to the overall organisational strategy as well as basic structure of the organisation and to maintain the productivity and high level of ethics implementation of the ethics in the strategies is very necessary.
Bye properly planning about the cultural diversity and Management, ethics can be implemented into the strategic planning which could be very beneficial for any organisation to stay competitive and to gain the competitive advantage accordingly.
Different cultural aspects as well as diversity management could be easily increased into the strategic planning of the organisation. This definitely supports the overall structure of the organisation by maintaining culture and ethics.
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