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Faced with the increased costs of delivering DVDs by mail and streaming online content, clearly Netflix had to take some action. Describe the decision-making process need to have advised Netflix management to follow?
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- What is VRIO? What questions do the letters stand for, and how does using VRIO help a manager make decisions?Describe how strategic decisions differ from other decisions that managers make. Are you able to identify the differences or say integration of the two components within Amazon? Give an example.discuss the three types of decisions 1 Routine 2 Adaptive 3 Innovative
- Describe how strategic decisions differ from other decisions that managers make. Are you able to identify the differences or say integration of the two components within your organization? Give an example.I need the answer for the question below, and it's from the Business Strategy Game Q: Explain your thought processes through the game, highlighting the decisions that were most important.Choose the correct answer: 1. Which of the following processes is antithetical to the opposite of the strategic planning process? a. Rational decision-making b. Satisficing c. Entrepreneurship d. All of the above 2. Which management theory/perspective is MOST consistent with the use of a clan culture, normative control, and concertive control as control systems? A. Scienulic Management b. Human Relations c. Quantitative Management d. Weber s Bureaucracy
- In what multifaceted ways can the implementation of Management by Objectives (MBO) serve as a robust mechanism to not only establish and monitor organizational goals but also mitigate the risk of goal displacement, ensuring alignment with the overarching strategic vision and sustained performance excellence?Generally, strategic management process consists of at least eight logical steps. Critically evaluatehow this process is conducted at Woolworths South Africa. Please note that you do not need to performthe actual analysis of the situation – focus your answer on the handling of the process as a whole.In five sentences, write the importance of the lower-level managers in crafting a strategic plan. State the reasons why it should be done continuously in five sentences.
- Which one of the following is at the core of strategic management? a. Choosing which organizational objectives to focus on b. Being alert for opportunities to change work responsibilities c. Adapting the organization to a changing external environment d. Choosing whether to make decisions autocratically or on the basis of participationWhy do must companies tend to use Kotter’s 8 step strategy or McKinseys 7 step change management model.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 above