1. Discuss the concept strategic management implementation. 2. Discuss the concept of strategic management planning or formulation
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1. Discuss the concept strategic management implementation.
2. Discuss the concept of strategic management planning or formulation.
Step by step
Solved in 2 steps
- The major functions of management are A. strategic management and long-range planning B. planning and decision making C. identifying threats and opportunities for the firm D. all of the above19 - Which of the following is not a key element of strategic management? a) long-term final result B) Competitive advantage c) Long-term survival D) Coordinating the employees e) Profit above average return3. Discuss one of the following tools that can be used in the planning process: a) the Gantt chart, b) the CPM or critical path method, or c) management by objectives (MBO).4. Describe the steps that make up the planning process.
- b. Why in planning a business a strategy is needed in planning from the beginning until the business has been running, explain. c. Explain what ideas can arise related to today's technological advances1. In a paragraph, formulate an analysis about the big lie in strategic planning by Roger L. Martin. 3. What is the big lie in “The big lie in strategic planning” by Roger L. Martin. 3. What is the importance of strategic planning in an enterprise.Opportunities and threats are: a) dealt with primarily in a firm's operational planning process. () b) factors that are external to the firm but can still affect its performance. ( c) factors that are internal to the furm and those over which the fum has a great deal of control d) identified as part of the fum's tactical planning process
- 1- Which of the following functions of management ensures that planned objectives set are achieved? a. Directing b. Organizing c. Controlling d. PlanningDuring which stage of the Strategic Management Process, does the management function of staffing fall? a. Strategy Implementation b. Strategy Formulation c. Strategy Evaluation d. Strategy Planning1. The performance measurement system should encourage each manager to act in a manner that Select one: a. most positively supports the organization's mission and competitive strategies b. increases his/her performance reward in the form of profit sharing c. reduces the need for informational elements in support of the manager's planning function d. makes the manager's units profits as high as possible 2. Engaging in product design for manufacturability reduces Select one: a. Training costs Preproduction design time Assembly time Yes Yes Yes b. Training costs Preproduction design time Assembly time No No No c. Training costs Preproduction design time Assembly time Yes Yes No d. Training costs Preproduction design time Assembly time No Yes Yes
- 1. Discuss the relationship between long-term, strategic and corporate planning. 2. Discuss the importance of all three to the success of an organization.Which of the following is NOT part of strategy formulation? a. Strategic Analysis b. Strategic Evaluation c. Strategic Direction d. Strategic LeadershipCRITICAL ANALYSIS OF THE PLANNING IN BROOKLYN’S LEADING TO CHANGE The reason why the new owner of the Franchise, David Becker, had decided to replace the old manager with a new one was that this particular restaurant was doing poorly in terms of profit as compared to other restaurants in the chain. David Becker attributed this fact to poor planning and organization structure and decided to introduce the restructuring and policies implemented successfully by him to the other two restaurants owned by him. Critical examination of the old policies of the top and middle-level managers shows that some of the practices used by them were flawed and needed improvement.The previous owner of the franchise had not taken an active interest in the running of the restaurant leaving it upon the manager to run the affairs of the restaurant. Communication of goals from the top to middle-level managers is necessary to run an organization clearly lacking in this case. The top management probably did not…