Essay
MNG4801 MAY SUPP 2023
- Course
- Institution
- Book
THE EXAM SCRIPT ANSWERS ALL QUESTIONS THAT WERE IN THE MAY/JUNE 2023 SUPPLIMENTARY EXAMINATION.
[Show more]
Connected book
Book Title:
Author(s):
- Edition:
- ISBN:
- Edition:
More summaries for
-
MNG4801 EXAM JanFeb 2023
-
MNG4801 MAY SUPP 2023
-
MNG4801 EXAM JAN/FEB 2023
Seller
Follow
tatendamuzavazi
Reviews received
Content preview
0717513144 MNG4801 SUPP EXAM 2023 muzavazi47@gmail.comDISCLAIMER
The MNG4801 Supp Exam 2023 is a generic document that helps students to compile
their own exams. Those who need further assistance must contact the given details:
CONTACT NUMBER:
071 751 3144
muzavazi47@gmail.com
,0717513144 MNG4801 SUPP EXAM 2023 muzavazi47@gmail.com
Table of Contents
Question 1: ................................................................................................................. 3
Question 2 .................................................................................................................. 7
Question 3 ................................................................................................................ 10
, 0717513144 MNG4801 SUPP EXAM 2023 muzavazi47@gmail.com
Question 1:
Critically discuss the inside-out and outside-in perspectives that strategic
leaders adopt when managing strategically. Briefly introduce each of these
perspectives theoretically and argue which one of these has been adopted by
Paul Saad. Use examples from the case study to support your discussion. No
marks will be awarded for drawing figures.
Inside-out perspective
The inside-out strategy is a business and marketing approach that prioritises the
internal capabilities and strengths of an organisation, including streamlined
protocols, efficient processes, and a skilled workforce (Louw & Venter, 2019). The
primary objective of this strategy is to maximise the utilisation of these resources to
develop a valuable product or service that can be marketed to potential customers.
An inside-out strategy in business involves starting with an idea, acquiring the
necessary talent to execute the concept, and subsequently developing it. The
objective is to communicate to the public how the new product or service can
enhance their lives by making it more convenient, enjoyable, or fulfilling. A case in
point of an inside-out strategy is a company that designs a unique product not driven
by market demand but by the conviction that the product has the potential to be a
desirable commodity. The company can then allocate its resources towards
producing a product of the highest quality, which in turn draws in customers.
Outside-in perspective
The outside-in approach entails prioritising the identification of consumer needs over
an organization's internal strengths. This approach involves addressing market gaps
that existing products and services fail to satisfy (Widayanto, 2022). To implement
this strategy, an organisation must conduct research to comprehend the market's
orientation that it intends to target. This approach compels businesses to adopt a
consumer-centric perspective and develop products or services that offer evident
value. For instance, Saad's objective was to create a nutritionally dense product that
was free from preservatives, gluten, and lactose. The individual conveyed that the
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller tatendamuzavazi. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $7.57. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
72042 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now