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Bmec 21-Answers in Unit 4

1. The document provides a pretest for a business strategy and management class, including questions about business strategy, innovation, blue ocean strategy, strategic business units, diversification, and a case study analysis. 2. It summarizes the student's understanding of key concepts like business strategy, innovation, and strategic business units. 3. For the case study analysis, the student provides 3 alternative solutions for improving the financial situation of a symphony orchestra and recommends exploring competing business messaging software options like Slack, Microsoft Teams, and Mattermost.

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150 views3 pages

Bmec 21-Answers in Unit 4

1. The document provides a pretest for a business strategy and management class, including questions about business strategy, innovation, blue ocean strategy, strategic business units, diversification, and a case study analysis. 2. It summarizes the student's understanding of key concepts like business strategy, innovation, and strategic business units. 3. For the case study analysis, the student provides 3 alternative solutions for improving the financial situation of a symphony orchestra and recommends exploring competing business messaging software options like Slack, Microsoft Teams, and Mattermost.

Uploaded by

Mutia Malicay Rubis
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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DUMAYON, IRISH P.

BSTM-3B
BMEC 21, TTH, 7:30-9:00AM

Unit 4, Pretest
Directions: Answer the following questions with your words/ideas at least 150 words.
1. What is a business strategy?
 Business strategy is a clear set of plans, actions and goals that outlines how a
business will compete in a particular market, or markets, with a product or number
of products or services.
2. What is innovation?
 Innovation is the process of creating value by applying novel solutions to meaningful
problems. And it can be innovated Products (goods, services, features, attributes)
and Process (making, selling, distributing)
3. Compare and contrast Innovation and Blue Ocean strategy?
 Blue Ocean Strategy advocates creating new uncontested space through that the
author’s term “value innovation”. This means increasing value by introducing new
benefits and services, while simultaneously reducing costs by eliminating less
valuable features or services. Below is the formula:
4. What is strategy in your own understanding?
 Strategy is on how we focus our efforts to achieve our goals and to achieve.
5. What do you mean when we say Strategic Business unit?
 It is a business being overlooked. It define market’s size, define opportunity, perform
customer needs assessment, determined overhead and cost structure, define gross
profit and net profit.
6. Define what is diversification?
 Diversification is the act of investing in a variety of different industries, areas, and
financial instruments, in order to reduce the risk that all the investments will drop in
price at the same time.
Learning Activity:
Case study analysis
Direction: Read the case study on Symphony or click this link:
https://case.edu/artsci/music/ensembles/symphony-orchestra.Develop three alternatives and
then make a single recommendation to put Symphony back on sound financial footing. Use the
space below for your draft.
Answer: Symphony is not the only option for Business Instant Messaging Software. Explore
other competing options and alternatives. Other important factors to consider when
researching alternatives to Symphony include features and messages. We have compiled a list
of solutions that reviewers voted as the best overall alternatives and competitors to put
symphony back on sound financial footing, including Slack, Microsoft Teams, and Mattermost.
Slack brings all your communication together in one place. It’s real-time messaging, archiving
and search for modern teams. Microsoft Teams is a chat-based workspace in Office 365. It
brings together people, conversations and content along with the tools that teams need so they
can easily collaborate to achieve more. Workplace from Facebook allows you to use Facebook
tools to interact with co-workers.

Assessment:
Direction: Read the case study on Fuller’s found in this link: https://studymoose.com/a-case-
study-of-the-h-b-fuller-case-on-honduras-essay and answer the following questions.

1. Who are the potential stakeholders that are affected by this acquisition and why?
 Fuller’s two sisters, the bank, the accountant, the client, were the
possible stakeholders impacted by this acquisition because they are interested
in his company that has no guarantee of success.
2. Identify all the potential benefits to Fuller’s of this purchase.
 Fuller’s products can be considered high quality, based on their status as a leading
manufacturer of its products, and with its slew of awards and honors.
3. Describe in some details the three primary reasons for Fuller’s making this acquisition.
 First, Fuller thinks that law is an activity. Luban acknowledges that fuller
repeatedly states in TML that law is an “activity,” and more specifically that it is
“the enterprise of subjecting human conduct to the governance of rules.”
Second, Fuller’s position differs from other natural law theorists’ positions, as
well as from a legal positivists’ position, e.g. H.L.A. Hart. Luban points out am
important difference when he states, “where other writers on all sides of the
positivism/ natural law’ to refer to the morality of laws, for fuller it refers to the
morality of lawmaking. Third, one of Fuller’s chief concerns with legal positivism
is its top down or hierarchical approach to law. Fuller criticizes legal positivists
numerous times and in numerous ways for mistakenly emphasizing that law is “a
one-way projection of authority, originating with government and imposing
itself.
4. Prior to the completion of the acquisition, what do you believe are the biggest risk
Fuller’s is making in this purchase.
 H.B. Fuller’s moral obligations in this case are to do everything they can to prevent
illegal distribution and use of their products. Being the leading manufacturer of
industrial glues worldwide, it is impossible for the company to get rid of products
that kids are misusing. Yes, the company can take steps to stop it, which they are
by not selling it to retailors and small business owners in Honduras and Guatemala
where the biggest abuse problem is. However, this company cannot be morally
responsible for every single person who chooses to use their product in the wrong
way. Like the mission statement says, they will conduct business ethically...be a
responsible corporate citizen.

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