Review Questions

In your own words explain what is meant by vision, thrill and fair games. Vision it is an aspirational view of what the company will be like in the future. It is a detailed description of how things will be when the physical topic last r separatelyes its destination. Mission A mission statement answers the question Why do we exist? and expresses the companys purpose both for those in the organization and for the public. It identifies the organizations reason for be and may define the rganizations primary customers, the products and services that they produce.Purpose is to communicate what the company stands for and where it is heading. Goals Is essentially what the organization alms to strike In future, perhaps to increase revenue, profit, reputation and the true to the public. 2) Discuss their percentage on scheme face. The vision, mission and goals play a great part when organizations formulate their strategy for the long term perplexity as it will help to spot t he implementation steps, the planning, coordination, collaboration, communication and harbor that the ompany will deficiency to do In order to achieve the maln goal of their organization. ) In your opinion, what should be the kickoff point for strategy formulation be? The belligerent advantage from the resource and capabilities of the organization will be the starting point of strategy formulation. Organizations identify how they differ from their competitors and design such strategies to puzzle out such differences, as strategy is about being divers(prenominal) and this will help In formulating long term direction, scope of the organization and alrnlng to achieve advantage In a changing environment.International strategy 1) What Is the difference surrounded by global and multl-domestlc strategy? Global Strategy assumes a single mart and offers a standard product to meet customer needs wherever they argon located. This is a greet lead strategy, exploiting economies of sc ale and other make up efficiencies. Multi-domestic strategy assumes variance in customers needs according to their location and and so issues a differentiation strategy, adapting products and services to make unparalleled local requirements. ) let out five ca parts of each. Multi-domestic Strategy 1) Red bull and Packaging 2) Nokia 2) 3) Reebok 3) 4) Ford drive 4) 5) McDonalds 5) Value chain and assess system 1) Explain how the concept/ good event of the value chain and value system may help in the strategy formulation process. The value chain will help identify competitive advantage. Focusing on the way the organization may riding habit its resources may allow the organization to identify how it depose be different and unique or where it can be more effective. ) With reference to the value chain identify alternative strategies avail adequate to(p) to the nternational organization Since an world-wide organization will typically comprise of more than one caper, the organ ization should be decomposed into strategic business units with different strategies considered for each. An organization can develop approach leadership, product differentiation, and business innovation strategies to confront its competitive forces. Cost leadership requires the organization to find and exploit sources of cost advantages, efficient manufacturing processes and tight cost controls.Product differentiation is based on sagaciousness the customers and heir needs in order to erect something unique and valuable to them. Generic Strategy 1) sop up each of the generic strategies Segmentation strategy Cost leadership This strategy involves the firm winning market share by appealing to cost-conscious or price-sensitive customers. This is achieved by having the lowest prices in the seat market segment, or at least the lowest price to value ratio (price compared to what customers receive).To succeed at offering the lowest price while still achieving profitability and a high return on investment, the firm must be able to Differentiation strategy A differentiation strategy is appropriate where the target customer segment is not price-sensitive, the market is competitive or saturated, customers relieve oneself very specific needs which are possibly under-served, and the firm has unique resources and capabilities which enable it to satisfy these needs in ways that are hard to copy. 2) get wind and describe the strategies that may deliver a competitive advantage.Since an international organization will typically comprise of more than one business, he organization should be decomposed into strategic business units with different strategies considered for each. An organization can develop cost leadership, product differentiation, and business innovation strategies to confront its competitive forces. Cost leadership requires the organization to find and exploit sources of cost advantages, efficient manufacturing processes and tight cost controls. Product differentiation is based on understanding the customers and their needs in order to provide something unique and valuable to them.Strategy formulation 1) Identify and describe the different ways strategy may be formed within organizations In general terms, strategy formation in most organizations can be thought of as resolving slightly the interplay for three basic forces An environment that changes continuously but regularly An organizational operating system A leadership whose role is to mediate amidst these two forces, to maintain the stability of the organizations operating system while at the same time ensuring its adaptation to environmental change. Describe the key stages in a typical planning approach to strategy formulation 3) critically evaluate, compare and contrast the planning and adaptive modes of strategy formulation free-enterprise(a) advantange 1) In your own words, explain what is meany by resource, routine, capability and competence. canvas Questions1. Explain the deduction of components (encapsulation) in the scope of object-oriented development. 2. Explain how does OO based development helps re implement? 3. How does the concept of inheritance interest to OO-based development? 4. How does the concept of composition/ compendium consort to OO-based development? 5. Identify the four components of a hire case and how they affect each other. 6. generate an example for actor generalization. What is the significance of generalizing or specializing actors? 7. bid an example for use case generalization. What is its significance? 8.What are the differences between extend and include use cases? 9. How do you define geomorphologic copy in an object-oriented approach? 10. How would you hear objects from classes? Can you provide an example? 11. Where do classes originate from? 12. To build an tuition system, which one do you need to identify first, classes or objects? Explain. 13. Structural pattern represents classes or objects? 14. Ho w does encapsulation protect business rules from unauthorized access and manipulation? 15. How does an objects interface relate to services that the object provides? 6. Comment on the statement Classes provide the containers and objects provide the contents. 17. Why should operations be set forth by verbs? 18. What is protected visibility? Give an example. 19. What is the difference between aggregation and composition? Give an example for each. 20. Describe the relationship between self-propelled modeling, behavioral modeling and morphological modeling. 21. Comment on this statement propulsive modeling is about moveion. 22. How eon diagram differs from use-case modeling? 23. Explain how objects interact by exchanging messages. 4. Explain the role of parameters and return values in exchanging messages. 25. What are the building blocks of a time diagram? 26. Explain the lifetime of an object. Provide an example. 27. How actors and objects fit in a sequence diagram? 28. Why a live(p) modeling is based on objects, but not classes? 29. Explain the spare-time activity pairs in relation to each other a. Method & Operation b. position & State. c. Interaction & Message. 30. What are the components of statechart modeling? 31. What is the significance of statechart modeling?Review Questions1. Explain the significance of components (encapsulation) in the context of object-oriented development. 2. Explain how does OO based development helps reuse? 3. How does the concept of inheritance relate to OO-based development? 4. How does the concept of composition/ aggregation relate to OO-based development? 5. Identify the four components of a use case and how they affect each other. 6. Provide an example for actor generalization. What is the significance of generalizing or specializing actors? 7. Provide an example for use case generalization. What is its significance? 8.What are the differences between extend and include use cases? 9. How do you define structural mode ling in an object-oriented approach? 10. How would you distinguish objects from classes? Can you provide an example? 11. Where do classes originate from? 12. To build an information system, which one do you need to identify first, classes or objects? Explain. 13. Structural modeling represents classes or objects? 14. How does encapsulation protect business rules from unauthorized access and manipulation? 15. How does an objects interface relate to services that the object provides? 6. Comment on the statement Classes provide the containers and objects provide the contents. 17. Why should operations be described by verbs? 18. What is protected visibility? Give an example. 19. What is the difference between aggregation and composition? Give an example for each. 20. Describe the relationship between dynamic modeling, behavioral modeling and structural modeling. 21. Comment on this statement Dynamic modeling is about interaction. 22. How sequence diagram differs from use-case modeling ? 23. Explain how objects interact by exchanging messages. 4. Explain the role of parameters and return values in exchanging messages. 25. What are the building blocks of a sequence diagram? 26. Explain the lifetime of an object. Provide an example. 27. How actors and objects fit in a sequence diagram? 28. Why dynamic modeling is based on objects, but not classes? 29. Explain the following pairs in relation to each other a. Method & Operation b. Event & State. c. Interaction & Message. 30. What are the components of statechart modeling? 31. What is the significance of statechart modeling?