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Week 3 Knowledge Check Study Guide 1

Satisfactory Essays

Week 3 Knowledge Check Study Guide
Concepts

Mastery

Areas in which people are

Score: 21 / 21

Questions

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Strategic planning

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Levels of planning

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The creative process

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creative
Ingredients for enhancing innovation at work and approaches to innovation

Obstacles to corporate innovation Barriers to effective decision making

Concept: Areas in which people are creative
Mastery

100%

Questions

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1.
Ramona, a member of the innovation team at Buzzer Co., a beer manufacturing company, suggests that the company use the spent grain generated through the process of beer manufacturing to create commercial products. Ramona …show more content…

In the context of strategic planning, which of the following steps of the strategy implementation process has been exemplified in this scenario? A.

Assessing organization capabilities

B.

Defining strategic tasks

C.

Developing an agenda for implementation

D.

Creating an implementation plan

Correct:
The Correct Answer is: A.
The step of the strategy implementation process that has been exemplified in the scenario involves assessing the company's capabilities. This step is immediately followed by the step involving the creation of an agenda for implementation.
8.
Which step of the strategic planning process immediately follows the step of strategy implementation? A.

Putting in place a mission, a vision, and goals for the organization B.

Analyzing the threats and opportunities associated with the external environment

C.

Analyzing the weaknesses and strengths of the important areas of function within the organization

D.

Using a strategic control system to monitor and evaluate the organization's progress

Correct:
The Correct Answer is: D.
The step of the strategic planning process that immediately follows the step of implementing the strategy is using a strategic control system to monitor and evaluate the organization's progress. This step involves evaluating the existing strategy and taking corrective measures.
9.
What is the process of assessing an organization's performance by comparing it with that of its competitors

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