(Mt) – MGT 401 SEU Management Acquiring and Acquired Firms Questions

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View attached explanation and answer. Let me know if you have any questions.View attached explanation and answer. Let me know if you have any questions.1Instructions•The assignment must be submitted on Blackboard (Word format only) via allocatedfolder.•Assignment submitted though email will not be accepted•Students are to make their work clear and well-presented marks may be reduced for poorpresentation .this include filling your information on the cover page.•Student must mention question number clearly in their answer.•Late submissions will NOT be accepted.•Avoid plagiarism, the work should be in your own words, copying from students or otherresources without proper referencing will result in zero marks. No exceptions.•All answers must be typed using Times New Roman (size12, double spaced) font. Nopictures containing text will be accepted and will be considered plagiarism)•Submissions without this cover page will NOT be accepted.2Part A discussion question, part B case studyStudent nameRegistration numberUnit nameInstructorDate3Part A .Discussion questionIs the evaluation and control process appropriate for a corporation that emphasizescreativity? Are control and creativity compatible? DiscussBeing creative or rather creativity involves using a skill(s) or imagination to produce anew product or art. In many institutions, it is believed that empowering and channeling employeecreativity towards product and service innovation is a major step to value creation competencyand market relevance. Recent research has shown that evaluation and control are (one) togetherin ensuring that value creation and strategy promotion are achieved. This is made possiblethrough strategic management and planning, where strategic management is the professionalsegment responsible for developing strategic goals and the plans to be used in achieving set goals(Acar et al ., 2019).Performance is to ensure that the strategic plans and goals are achieved. Different typesof evaluations exist at different stages of the project; for example, formative evaluation is carriedout during the conceptualization phase to prevent waste and identify areas of threat. During theimplementation stage, outcome and economic evaluation are used to optimize the project,measure its credentials, and suggest new measures to improve efficiency.During the project closure phase, impact evaluation, summative, and goals-basedevaluation are used to get insights into the project’s success and note the significantimprovements made. A good development project implies such evaluation strategies at everyproject phase using different metrics to ensure the project is achieved and a new and innovativeproduct is achieved. On the other hand, the control system is a cyclical process that ensures thatactual activities are planned (Hughes et al., 2018). The control process entails setting standards,4measuring the standards, determining whether performance meets the standards, and takingcorrective actions. The control and evaluation system ensures success.Business skills for a differentiation strategy and reason for use.Today, the businesses world is featured with a high level of competition that forcesbusinesses to develop a high level of expertise and strategies. They have to develop competitivestrategies by creating a profitable and defensive position against other competitors. It alsorequires, differentiation strategy, cost-leadership, and focus strategy. Differentiation strategymeans the ability of a business to create a service or a product that is unique or distinct fromother competitors and is constantly appreciated by customers (Ali & Anwar., 2021).Adding value to a product or service can be either tangible or non-tangible. The tangibleaspect involves innovative technology, design, and performance and sometimes requiresadditional capital investment, whereas the intangible aspect entails exclusivity. For this productto be successful, market research should be done to understand the needs, trends, andexpectations of the targeted group .therefore, such attributes need a manager with the ability tointerpret data and develop a coherent strategy.The tangible or non-tangible values added to the product should be executed with criticalchoices. Tangible assets, as mentioned earlier, will require additional capital investment for theproduction process. In contrast, the non-tangible aspects will, most of the time, require extramarketing efforts for the target market to have a desire. Such values will require a manager withcomplete knowledge of the business dynamics and strong decision–making traits (Islami et al.,2020). The manager must possess strong branding abilities that are quite complex and expensiveto be imitated by competitors.5What a company should do when no one is available internally for promotion, but thecompany policy outlines so.Internal sourcing has several advantages that it brings to the business, such as loyaltypromotion, no error in the selection, and self-development. If an internal candidate is lacking, theorganization can resort to external sources of recruitment. But even before that, the company canapply some concepts of internal recruitment, such as calling back retired employees who havethe required skills for the position (Abbasi et al ., 2020).The approved external recruitment methods include advertisements; this refers toannouncing the gap in the company to the general public calling only the qualified candidates toapply. Another crucial method is sourcing through an applicant tracking system, which entailsassessing the applicant’s qualifications for the job. Employment or employee exchanges wheretwo companies decide to swap their qualified employees is also a preferred way of recruitment(Georgiou et al., 2019).Why is an understanding of national cultures important in strategic management?…

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