Week DQ's Responses

Q1. Read the below paragraph and write your opinion.

Note: 150 – 200 words with intext citation and references must.

In our course text, Thompson et al. (2020) mention that some internal operations promote the execution of strategy. For example, companies should ensure that they install information and operating systems that will help them to perform their duties properly. This means that information plays an important role when it comes to executing a company’s strategy. Companies should prioritize collecting quality information from the market. 

According to Srivastava (2015), real-time information systems make it easy for managers to gain access to all the useful information that they can use to execute strategy. For example, they will know what it happening in the market currently. It is had to execute a strategy without information from the market. Managers need to understand the prevailing market price, the number of their competitors, and other current trends in the market. With the help of such information, they will execute the best strategy that will help their company to achieve the set goals. 

Q2. Read the below paragraph and write your opinion.

Note: 150 – 200 words with intext citation and references must.

Recommendation for the company IKEA

Based on readings from the course, one thing that is required for the company to add within their strategy though they are using real-time information is some productive concepts and cases based on innovation strategies (Thompson Jr et al., 2020). This would guide them to reflect on different methods involved during the strategic operations within the system and meet the real way of becoming competitive and getting competitive advantages from the market. This is important from the company’s point of view to meet the objectives right and differ from other companies. The differences in the market with the way they operate their business would change a bit more with this concept and cases learned from the course related to innovation and execute them properly.

Q3. Read the below paragraph and write your opinion. (AS)

Note: 150 – 200 words with intext citation and references must.

Mission statement: My business will be in Africa, and will be consist of allowing other Africans to invest in fellow Africans businesses. I highly value the notion of social capital as a mean of economic empowerment. The objective of our company is to permit distribution of wealth to the most impoverished social classes in African societies. We want members of the same communities to own equity in each other businesses. The competitive strategy for achieving that mission is to use existing cultural bonds to invite them to invest together in micro businesses.