Title: Management Strategy and Decision Making

Name:

Task Code: 201503251657

Date: 17th of April, 2015

Word Count: 712 Words

JAMES TAYOR WINES CASE STUDY

Q1.
Answer
The material that we have extracted provides valuable insights in terms of making a progress in
poster assessment. To make poster assessment we have clearly stated companies goals and
financial information. The company objectives are to be best cellular phone in the world and the
given financial objectives and key information of competitors through company annual report
that contains all the necessary elements of business.

Q2.
Answer:
The VRIO framework is an analytical tool which considers for each type of resource different
level of evaluation for the firm and competitors.VRIO is basically an acronym which gives
names of individual dimensions such as Value, Rareness, Imitability and Organization. The
model is a method to examine the resource of an organization which is of four types such as
Financial, Material, Human and Non-material. The four dimensions are discussed as below:

Value-The worth of a resource and the issue of availability in the market.

Rareness-How much abundant or scarce is the resource?
Imitability-How hard it is to replicate a given resource?
Organization-How much given resources are aligned with existing structure and can the
firm utilized it properly?

Q3
Resource:
Resource consists of tangible and intangible assets of an organization. Tangible resources of an
organization include cars, building and offices. Intangible resources are not tangible in nature
such as culture values and norms of an organization.
Capability:
The systems, procedures and organizational practices that an organizations use to conduct its
resources for productive utilization.

Strategic Capability:
The strategic capability of a firm is exceptional and better than capability of its rivals. It is hard
to replicate or copy. For instance, Nokia has a unique strategic capability in cellular industry
while the rest fall behind.

Dynamic Capability:
Dynamic Capability is skill to assimilate and reshape existing resources, strategic capabilities
and capabilities to produce new strategic capabilities.

Q4.

Answer: Balance Scorecard is a method which links collected metrics to measure company
success without the use of any financial technique. The technique provides a way to understand a
company efficiency, productivity and organization with new type of evaluation. There are
advantages and disadvantage of using the technique which explains business goals.
Advantages of Balanced Scorecard

The tool provides companys goals in a single diagram which is broken down into
different areas of concern.

The technique allows the firm to close the gap between stated goals or mission statement
and the work carried out is aligned with the given firm mission and objectives

Disadvantages of Balanced Scorecard

The technique like Balance Scorecard is quite subjective in nature since it does not give
specific measurement of firm goals and objectives. For instance, it cannot be measured
except by management opinion and surveys as compared to quality levels.

It is does not include any concern for risk management or financial analysis of economic
value

Q5
Answer:
The efficiency of a company is defined by how well it utilizes money. For instance, return on
investment is a good indicator of efficiency for a company. If the firm sells company stock for
$15 per share and the next year the value is $20 per share, it shows high level of inefficiency.
The best way to measure long term growth of an organization is to use industry growth rates as a
benchmark. The appropriate way to measure development performance is applying key
performance indicators in a firm.

Q6.
Answer:
Taylor wines are one of prominent wine producers in the Australian market. The long term
growth suggest that their private labels is expected to go above 20% in 2017.Their long term
growth is stable in terms of revenues but there is a need to focus on development side to improve
and sustain.