MGT302 Strategic Management – 30%

Alternative Approaches to Strategic management

Due Date: Friday week 10     

A Report – 2500 words – a min of 10 suitable references – follow Harvard Referencing guidelines

Format:

Title page

Executive summary

Table of contents

Introduction (about 250 words)

  • Brief background to Strategic Management
  • Brief explanation of the approaches you are analysing

 

Using appropriate headings and sub-headings, (the main analysis part of your assessment should be about 2000 words – 600 – 700 words for each approach)

 

Choose 3 different approaches to Strategic Management (please note these are only examples – as discussed in class there are many others you could choose from)

-stakeholder approach

– dynamic capabilities

–  sustainable approach

Give examples and detail

Discuss:  –     Viability of each approach,

  • Suggested benefits
  • Implementation issues
  • Limitations

 

 

Conclusions (about 250 words)

Reference List.

 

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Scenario: Dancin’ Donuts, established in January 2019, is a thriving new business specializing in low-carb donuts. The 2019 keto diet fad led to increased sales, and the chief financial officer (CFO) prepared a robust budget for 2020. In early March 2020, the small business had record-breaking sales but abruptly needed to shut its doors because of the global pandemic. The CFO conducted the following analysis for the month of March: Dancin’ Donuts March 2020 Budget Actuals $ Var % Total Revenue 200,000 196,947 -3,053 -2% Total Cost of Goods Sold 100,000 98,000 -2,000 -2% GROSS PROFIT 100,000 98,947 -1,053 -1% Total Expense 75,000 72,000 -3,000 -4% Total Interest Income 200 100 -100 -50% Total Other Expense 1,000 1,000 0 0% -800 -900 -100 13% Earnings Before Interest, Taxes, Depreciation, & Amortization (EBITDA) 24,200 26,047 1,847 8% Total Interest Expense 6,400 6,385 -15 0% Total Depreciation & Amortization 10,000 10,000 0 0% Earnings Before Taxes (EBT) 7,800 9,662 1,862 24% Total Income Taxes (30%) 2,340 2,899 559 24% Net Income 5,460 6,764 1,304 24% Please answer the following questions: What does AVB stand for? What is the total revenue for March 2020 when compared to the budget? What is the variance from the budget in the net income for the month? What is the income tax percentage for the month?

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