Business Change

1 / 9

What is the main focus of business process re-design?

Optimizing resources and capabilities within a specific business unit.

Redefining relationships with external partners.

Rethinking and redesigning core business processes.

Diversifying the organization's product or service offerings.

2 / 9

What is the primary objective of internal integration?

Enhancing efficiency and productivity within a localized context.

Creating strategic alliances and collaborative networks.

Redefining core business processes to improve effectiveness.

Improving communication and coordination across different business units.

3 / 9

What are the implications of having a strong competitive force in the industry?

Increased profits for the firms

Increased customer base

Decreased profits for the firms

Decreased customer base

4 / 9

What is the purpose of the Porters Five Forces model?

To identify the strengths of an organization

To analyse a business domain or market

To evaluate a company's competitive position

To analyze the need for product development

5 / 9

What does business scope re-definition entail?

Optimizing resources and capabilities within a specific business unit.

Redefining relationships with external partners.

Expanding the organisation's scope and strategic direction.

Improving communication and coordination across different business units

6 / 9

What is the role of supplier power in the Porters Five Forces model?

It affects the prices of products

It affects the availability of resources

It affects the competitiveness of firms

It affects the quality of products

7 / 9

Which of the following actions best represents the focus of localised exploitation

Redefining business relationships with external partners.

Rethinking and redesigning core business processes.

Optimising resources and capabilities within a specific business unit.

Expanding the organisation's scope and strategic direction.

8 / 9

What is the key objective of business network re-design?

Expanding the organisation's scope and strategic direction.

Enhancing efficiency and productivity within a localized context.

Creating strategic alliances and collaborative networks.

Rethinking and redesigning core business processes.

9 / 9

Which of the following are the five forces in the Porters Five Forces model?

Competition

Government

Substitute Products

Supplier Power

Customer Power

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