Sanjeewan
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In questions like "Evaluate the importance of Corporate Social Responsibility to Greggs stakeholders". Should i talk about on how the greggs foundation and break fast club schemes affect for say like customers and suppliers?
PLEASE ASAP!
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vogueegirl
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(Original post by Sanjeewan)
In questions like "Evaluate the importance of Corporate Social Responsibility to Greggs stakeholders". Should i talk about on how the greggs foundation and break fast club schemes affect for say like customers and suppliers?
PLEASE ASAP!
I'm really struggling with all this Greggs stuff.. so panicked for the exam Do you have any tips or anything because I really need a C
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Sanjeewan
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(Original post by vogueegirl)
I'm really struggling with all this Greggs stuff.. so panicked for the exam Do you have any tips or anything because I really need a C
yeah u can say that greggs has a Task Culture when it comes to their Corporate culture. They began as a family business and still today they work together and grow together just like real families and they all work towards a shared vision of becoming number one for sandwiches and savories so these factors tell us that the culture in greggs is task and they work together as a team.

Porters Strategic Matrix
Greggs also seems to be following the Cost leader ship strategy according to the extract. They target a broader market as 99% of the uk households buy bread and also their products are relatively cheap when compared to its rivals perhaps because of the Backward vertical integration it has with its suppliers enabling it to absorb their profit margins and thus lower prices.

By the way study Decision tree analysis, we might get that cause we got CPA on Jan paper and study corporate culture as well..
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vogueegirl
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[QUOTE=Sanjeewan;47855234]yeah u can say that greggs has a Task Culture when it comes to their Corporate culture. They began as a family business and still today they work together and grow together just like real families and they all work towards a shared vision of becoming number one for sandwiches and savories so these factors tell us that the culture in greggs is task and they work together as a team.

Porters Strategic Matrix
Greggs also seems to be following the Cost leader ship strategy according to the extract. They target a broader market as 99% of the uk households buy bread and also their products are relatively cheap when compared to its rivals perhaps because of the Backward vertical integration it has with its suppliers enabling it to absorb their profit margins and thus lower prices.

By the way study Decision tree analysis, we might get that cause we got CPA on Jan paper and study corporate culture as well.. [/

Oooh this is useful! So do you think corporate culture, porters strategic matrix and CSR will come up?

Btw I'm confused because I thought it was porters generic strategies that involved cost leadership, product differentiation etc


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Sanjeewan
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[QUOTE=vogueegirl;47860349][QUOTE=Sanjeewan;47855234]yeah u can say that greggs has a Task Culture when it comes to their Corporate culture. They began as a family business and still today they work together and grow together just like real families and they all work towards a shared vision of becoming number one for sandwiches and savories so these factors tell us that the culture in greggs is task and they work together as a team.

Porters Strategic Matrix
Greggs also seems to be following the Cost leader ship strategy according to the extract. They target a broader market as 99% of the uk households buy bread and also their products are relatively cheap when compared to its rivals perhaps because of the Backward vertical integration it has with its suppliers enabling it to absorb their profit margins and thus lower prices.

By the way study Decision tree analysis, we might get that cause we got CPA on Jan paper and study corporate culture as well.. [/

Oooh this is useful! So do you think corporate culture, porters strategic matrix and CSR will come up?

Btw I'm confused because I thought it was porters generic strategies that involved cost leadership, product differentiation etc

It's another name for Porters Generic strategies..
and just get some key facts about Greggs, for instance they have currently 1671 stores in UK and hoping to expand an additional 600 stores. Plus they have weak coverage in South East and South West and North East Scotland so u can talk about this when ur explaining their expansions. They have reduced carbon emissions by 8.9% since 2010, their greggs foundation has raised over 20m (ponds) so far and every day their breakfast scheme provides 10000 children in deprived areas free healthy breakfast - this their CSR. They have 5 moment coffee shops in UK and they also have a wholesale arrangement with Iceland (frozen food specialists). They provide a profit share scheme where 10% of their profits is shared with their employees and in 2010 they gave 5.8m in profit share... These would be helpful!
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vogueegirl
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[QUOTE=Sanjeewan;47872512][QUOTE=vogueegirl;47860349]
(Original post by Sanjeewan)
yeah u can say that greggs has a Task Culture when it comes to their Corporate culture. They began as a family business and still today they work together and grow together just like real families and they all work towards a shared vision of becoming number one for sandwiches and savories so these factors tell us that the culture in greggs is task and they work together as a team.

Porters Strategic Matrix
Greggs also seems to be following the Cost leader ship strategy according to the extract. They target a broader market as 99% of the uk households buy bread and also their products are relatively cheap when compared to its rivals perhaps because of the Backward vertical integration it has with its suppliers enabling it to absorb their profit margins and thus lower prices.

By the way study Decision tree analysis, we might get that cause we got CPA on Jan paper and study corporate culture as well.. [/

Oooh this is useful! So do you think corporate culture, porters strategic matrix and CSR will come up?

Btw I'm confused because I thought it was porters generic strategies that involved cost leadership, product differentiation etc

It's another name for Porters Generic strategies..
and just get some key facts about Greggs, for instance they have currently 1671 stores in UK and hoping to expand an additional 600 stores. Plus they have weak coverage in South East and South West and North East Scotland so u can talk about this when ur explaining their expansions. They have reduced carbon emissions by 8.9% since 2010, their greggs foundation has raised over 20m (ponds) so far and every day their breakfast scheme provides 10000 children in deprived areas free healthy breakfast - this their CSR. They have 5 moment coffee shops in UK and they also have a wholesale arrangement with Iceland (frozen food specialists). They provide a profit share scheme where 10% of their profits is shared with their employees and in 2010 they gave 5.8m in profit share... These would be helpful!
Thanks so much, these facts are so helpful! You really know your stuff! My business teacher gave me different information for porters generic and porters strategic... I'm so confused!


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Sanjeewan
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yeah even i have a doubt with porters generic and porters strategic matrix but in the june 2013 mark scheme they talk about cost leadership and differentiation for porters strategic matrix, so yeah but anyway try googling
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Sanjeewan
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By the way do u know how to answer this question.. Assess Gregg's corporate strategy with the aid of Porter’s strategic matrix.
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vogueegirl
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(Original post by Sanjeewan)
yeah even i have a doubt with porters generic and porters strategic matrix but in the june 2013 mark scheme they talk about cost leadership and differentiation for porters strategic matrix, so yeah but anyway try googling
Ohhhh that's strange, why do they have to make it so complicated?!!!


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vogueegirl
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(Original post by Sanjeewan)
By the way do u know how to answer this question.. Assess Gregg's corporate strategy with the aid of Porter’s strategic matrix.
I'm really not sure. Would you start by defining corporate strategy, then say what greggs corporate strategy is, then explain what porters strategic matrix is and then go on to explain how the matrix helps their corporate strategy (however I have no idea how it does...anyone???)

So not looking forward to this exam!


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Deesanya
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(Original post by Sanjeewan)
By the way do u know how to answer this question.. Assess Gregg's corporate strategy with the aid of Porter’s strategic matrix.

A01; define Corporate Strategy. Define Porters Strategy Matrix by including all aspects to it - so like cost leadership, differentiation, cost focus and differentiation focus.

A02; mention that greggs has a strategy of cost leadership. Mention Greggs corporate strategy - expansion through Greggs Moment and opening up new stores.

A03; Greggs enjoys benefits of EOS - through products being relatively cheaper than competition as they backward integration with suppliers - whole sale agreement with Iceland - thereby they have a cost leadership approach

Expansion has made Greggs work on better quality of products and more creative/innovative bakery products - sources of competitive advantage - differentiation approach

A04; Differentiation is difficult to maintain if competitors such as Tesco Bakery open stores selling similar products to Greggs

Differentiation requires an increase costs that may not affect uniqueness - this thereby threatens Greggs expansion -opportunity costs.

Hopes this helps a little
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Sanjeewan
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(Original post by Deesanya)
A01; define Corporate Strategy. Define Porters Strategy Matrix by including all aspects to it - so like cost leadership, differentiation, cost focus and differentiation focus.

A02; mention that greggs has a strategy of cost leadership. Mention Greggs corporate strategy - expansion through Greggs Moment and opening up new stores.

A03; Greggs enjoys benefits of EOS - through products being relatively cheaper than competition as they backward integration with suppliers - whole sale agreement with Iceland - thereby they have a cost leadership approach

Expansion has made Greggs work on better quality of products and more creative/innovative bakery products - sources of competitive advantage - differentiation approach

A04; Differentiation is difficult to maintain if competitors such as Tesco Bakery open stores selling similar products to Greggs

Differentiation requires an increase costs that may not affect uniqueness - this thereby threatens Greggs expansion -opportunity costs.

Hopes this helps a little
Thanks bro it helps a lot...so greggs has both differentiation and cost leadership strategy rite, so what can be the evaluation for cost leadership?
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olaqwe
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What exam board is this? I'd love to study Greggs

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(Original post by olaqwe)
What exam board is this? I'd love to study Greggs

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AQA... Trust me it's not as easy as it sounds!


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(Original post by vogueegirl)
AQA... Trust me it's not as easy as it sounds!


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Ah i'm doing AQA but i'm studying China. Greggs may be hard but it's certainly not as boring as China aha

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Deesanya
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(Original post by Sanjeewan)
Thanks bro it helps a lot...so greggs has both differentiation and cost leadership strategy rite, so what can be the evaluation for cost leadership?
Not sure about this point but an over reliance on Iceland supplying them may affect Greggs ability to sell at relatively cheaper prices to its consumers if, for example, the supply of wholesale is affected by the weather causing Iceland to increase the price of the agreement or worse, the deal has to be cut off.
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Sanjeewan
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(Original post by Deesanya)
Not sure about this point but an over reliance on Iceland supplying them may affect Greggs ability to sell at relatively cheaper prices to its consumers if, for example, the supply of wholesale is affected by the weather causing Iceland to increase the price of the agreement or worse, the deal has to be cut off.

yeah i get the point..
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Has anyone got predictions for what will come up? Also, what is a good way of memorising all the formulas?

Is it likely that there could be a question where it gets you to draw the critical path analysis/decision tree? If there is, I am screwed!


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BS tutor
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These are my predictions for this June 2014 exam

1. CSR
2. CPA
3. Ratio analysis
4. VAT implication on Greggs

Note: It is ok to memorise the ratios but at the same time you should be able to comment on it, so without understanding, what each ratio means is quite important.

Hope this helps !
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Practice questions on the following areas which can be mostly asked this June 2014
1. CPA
2. implications of VAT on Greggs
3. Ratio analysis
4. CSR
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