Ch6 (6.1-6.5, no 6.6-6.7) Manager's Toolbox - Management Strategy Sured Help Save & Exit Submit 2 The Strategic Management Process 1.31 points The strategic management process has five steps: establish the mission and vision, establish the grand strategy, formulate the strategic plans, carry out the strategic plans, and maintain strategic control. Feedback may occur at all times to revise these actions. This activity is important because proper use of strategic management techniques is associated with increased business performance. Sk The goal of this exercise is to challenge your understanding of the strategic management process. Rowd CASCO w and complete the activity as directed Rcfcrcrces Founded by entrepreneurs Bill and Vance Gordon, Enjuba is a textured goods manufacturer that sells handiworks produced in the African country of Kenya. As Enjuba is their first start-up company, Bill and Vance are unsure of how they should proceed. They know that they need to have a statement that explains their company's reason for being and have decided on 'Enjuba exists to better represent the quality and handiwork of the African people through falr trade that benefits the producers, customers, and society at large. After completing an assessment of the market Bill and Vance must decide on three main strategles growth, stability, and defensive. Upon careful review, they decide on a growth strategy to capitalize on its new products and services. With this immediate strategy established, Bill and Vance also need to develop a one-to five-year strategy that communicates Enjuba's general goals as well as how the goals will be achieved. After completing an analysis, the most approprieto strategy would be a differentiation strategy that offers unique and superior products when compared to current market offerings. Within the next one to five years, Bill and Vance intend to put their plan into place and implement it by cwcrcoring any market resistance. Additionally, they will consistently review the market offering against their original plan to ensure that their product is unique and being produced and marketed effectively Match each of the statements related to Enjuba to the correct step of the strategic management process. Execute the strategies Maintain strategic control Assess the current reality 5 Formulate corporate, business and functional strategies Establish the mission, vision, and values statements 2 Match each of the options above to the items below. "Erjuba exists to better represent the quality and handiwork of the African pople through fair trade that benefits the producers, customers, and society at large." Bill and Vance complete an assessment of the market. Bill and Vance need to develop a one-to five-year strategy that communicates Enjuba's general goals as well as how the goals will be achieved. Ch6 16.1-6.5, no 6.5-6.7) Manager's Toolbox - Management Strategy i 5-ed Help Save & Exit Submit 2 Founded by entrepreneurs Bill and Vance Gordon, Enjuba is a textured goods manufacturer that sells handiworks produced in the African country of Kenya. As Enjuba is their first start-up company, Bill and Vance are unsure of how they should proceed. They know that they need to have a statement that explains their company's reason for being and have decided on "Enjuba exists to better represent the quality and handliwork of the African people through fair trade that benefits the producers, customers, and society at large." After complet ng an assessment of the market. Bill and Vance must decide on three main strategies: growth, stability, and defensive. Upon careful review, they decide on a growth strategy to capitalize on its new products and services. With this immediate strategy established, Bill and Vence also need to develop a one-to five-year strategy that communicates Enjuba's general goals as well as how the goals will be achieved. After completing an analysis, the most appropriate strategy would be a differentiation strategy that offers unique and superior products when compared to current market offerings. Within the next one to five years. Bill and Vance intend to put their plan into place and implement it by overcoming any market resistance. Additionally, they will consistently review the market offering against their original plan to ensure that their product is unique and being produced and marketed effectively. 1.34 points Skipped Match each of the statements related to Enjuba to the correct step of the strategic management process. CB54 Execute the strategies 3 Formulate corporate, business, and functional strategies Maintain strategic control Assess the current reality 5 Establish the mission, vision, and valucs statements Metcheach of the options above to the items below. "Enjuba exists to better represent the quality and handiwork of the African people through fair trade that benefits the producers, customers, and society at large." Bill and Vance complete an assessment of the market. Bill and Vance need to develop a one-to five-year strategy that communicates Enjuba's general goals as well as how the goals will be achieved Bill and Vance intend to put their plan into place and implement it by overcoming any market resistance. Bill and Vance must consistently review the market offering against their original plan to ensure that their product is unique and being produced and marketed effectively