Explain whether the following statement is true or False. (Proper explanation is needed) Functional strategies are the goal-directed plans and actions of the organization's various functional departments.
Q: The following is NOT a benefit of Strategic Management a. Resistance to change is reduced…
A: Strategic Management refers to a management concept whereby the company analyzes its internal and…
Q: After implementing a plan and giving his sales staff specific sales targets to achieve each month,…
A: The correct option is option a. Provides direction
Q: Opportunities and threats are: a) identified as part of the firm's tactical planning process. b)…
A: A business organization is surrounded by macro and micro-environment that affect the business…
Q: ______________________ refers to the execution of the plans and strategies, so as to accomplish the…
A: Strategy Implementation alludes to the execution of the plans and systems, to achieve the drawn-out…
Q: You are creating or operating your own business (manufacturing, service company). According to what…
A: The service company I owned is : Company name: ARMAN SECURITIES PRIVATE LIMITED Tagline: “Power In…
Q: In computer−integrated manufacturing technology (CIM): A. managers do not need to develop…
A: The production system is the system in which finished products and manufactured by transforming raw…
Q: Problem solving is the activity associated with changing the state of what is actually happening to…
A: Problem solving is at the center of human development. It is the techniques we use to get what's…
Q: The primary purpose of the OKR methodology (Objectives and Key Results) is to: a) Raise money from…
A: OKR methodology is a used to strategize effectively so as to help the organization in attaining it's…
Q: True or False Operational plans are plans that outline alternative courses of action that may be…
A: Business management is the process of coordinating and organizing the activities of the business to…
Q: A strategy is a focused plan that guides organizational decisions. Select one :- a.Ture b.fulse
A: Decision-making alludes to settling on decisions among elective blueprints—which may likewise…
Q: strategy. But McKinsey 7Ss framework add more elements to fit together to form a self-reinforcing…
A: Organizational objectives will be achieved when the employees put efforts in achieving the same. All…
Q: Which of the following is not an advantage of decentralized operations? O A. Employees experience…
A: Decentralization in the business is when day-to-day operations & decision-making authority are…
Q: One technological product in the gaming industry is the Playstation, which can be replaced with…
A: One technological product in the gaming industry is the Playstation, which can be replaced with Xbox…
Q: Which of the following statements is true of a strategic goals? A)they Must be defined in Broad…
A: The correct option is d) that is, they must tied directly to a firms competitive position.…
Q: Organizations board statements describing where the organization want to be in the future is called?…
A: Answer- (C) Strategic Mission Strategic mission is an Organizations board statements describing…
Q: Management's handling of the strategy implementation/execution process can be considered successful…
A: Strategy implementation refers to a process of applying various activities within an organization to…
Q: In a SWOT analysis, strengths and weaknesses are factors to the firm, while opportunities and to the…
A: SWOT represents Strengths, Weaknesses, Opportunities, and Threats. Qualities and shortcomings are…
Q: The balanced scorecard is related to the strategy map in a way similar to howa. the value chain is…
A: The answer is c. the organization’s key activities are related to the value chain.
Q: identifying and explaining at least three (3) strategies/objectives/controls of the firm
A: A company or firm is set up with the motive to earn profit and to survive in the long run by…
Q: Comment on the following goals and revise these, if necessary, according to the ideal…
A: Organizational goals: They are the strategic objectives to direct, stimulate, and encourage…
Q: e internal factors to the business. c. Strengths and opportunities are i
A: SWOT analysis is used to assess a company's competitive position and prepare for the future. The…
Q: 2-_________________ refers to the ability of a person to continue to take efforts to achieve a goal…
A: Efforts can be defined as continuous attempts to achieve a desired goal.
Q: How can objectives be used as a filter system through which the organizational purpose is…
A: Objectives are short term specific targets that are measurable and required to be achieved in order…
Q: Attempting to link improvements to business strategy, explain how the generic performance measures…
A: The essential arrangement ought to determine the targets, vital and functional goals, and last…
Q: 1-customer demand to license the company software has boomed 2-company growth has been so swift and…
A: Organizing can be explained as the function of management that is used for arranging all the…
Q: If I want to know how to make carrot cake, I enter the phrase "make carrot cake" and return pages…
A: When you want to search something on internet, you usually type your query or keywords to search…
Q: I work at a retail store, and I've created a list of sales goals and a course of action for us to…
A: Functions of management - an organized way of accomplishing things. Management is a method to…
Q: the actions that managers take to attain the goals of the firm. Select one: a. Value chain b.…
A: Methodology or strategy is a move that directors or managers make to accomplish at least one of the…
Q: nstructions: Read the following case and answer questions stated after the case. (Word limit: 200…
A: Vision refers to the long term goal and objective of a person. Setting a vision and having a…
Q: 1 It is the art and science of choosing target markets and getting, keeping, and growing customers…
A:
Q: In today’s environment, which is more important to organizations—efficiency or effectiveness?…
A: Efficiency means to do the jobs in the right manner and effective means to do the right things and…
Q: Imagine you have been assigned to change a currently product-oriented company to a customer-oriented…
A: Product-oriented company The product-oriented company refers to the company whose sole focus is on…
Q: In planning for a crisis, the leader has to focus on five integrated tasks. These tasks include all…
A: Planning for a crisis-
Q: Post your answer to the Question (100 – 200 words): Generally, organizations use sophisticated super…
A: Project management tools are the set of software that are designed to help the project teams to…
Q: What is business intelligence? Raw facts that describe the characteristics of an event or object.…
A: Business is a legal entity formed by group of people to achieve the goal of profit making for the…
Q: The basic objectives or goals of an organization are derived from its a. standard operating…
A: Goals are the expected results of the business's actions. Objectives manage to be specific, measured…
Q: Explain the quotation in 60 words "The planning process both includes goal-making and…
A: Planning is the managerial job, and it entails deciding ahead of time what needs to be done, when…
Q: a. Management by Objectives (MBO) – Management by Objectives is used in most companies who believe…
A: The result approach focuses on managing the objectives, measurable results of job and workgroup.…
Q: Comment on the fo
A: Normally Goals must be SMART S-Specific M-measurable A-achievable R-Realistic T-Time bound so to…
Q: ve you ever been involved in the creation of a business plan? If so, did the plan include all three…
A: I have never been included in a business plan but I know how to create a business plan.Here are ways…
Q: Explain the Resource-based View theory over time by using managerial decision in the firm/ company/…
A: The RBV paradigm (resource-based view) considers resources to be vital to improved business…
Q: It is desirable for an HR department’s mission statement to strongly emphasize its _____ to be…
A: Every organization has a special and separate department to manage activities related to human…
Q: You are running an organization. If you neglects ER, How it will affect your organization. While on…
A: Employee Relation is one of the most critical components affecting the working of the employee and…
Q: Assume that you are one among the Board members of a corporate hospital name "Get Well Soon…
A: Mission and vision statements are pointed, inspirational declarations that explicitly describe the…
Q: Which of the following is NOT a reasonable benefit of strategic planning? Group of answer choices…
A: All the organizations are doing strategic planning these days. Strategic planning is done so as to…
Q: Which of the following aptly represents the question corporate strategy attempts to answer? How to…
A: Strategy: It consists of thoughts, ideas, and expertise that helps to provide the general guidance…
Q: ecause, O a It involves efficient use of resource achieve goals. O b. It involves the use of…
A: Management is a technique of planning, choice-making, organizing, leading, motivating, and…
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- Effective planning is not merely a static process but rather an ongoing and iterative cycle. It involves continuous monitoring and feedback loops that allow for adjustments and refinements as circumstances evolve. This iterative nature is essential for staying responsive to changes in the environment, whether those changes are internal or external to an organization or an individual's goals. Through regular reviews and assessments, planners can identify emerging trends, reassess priorities, and make necessary modifications to their plans. This iterative approach also promotes a learning culture, where insights gained from previous planning cycles inform future decisions. It allows for the incorporation of new information and experiences, enabling planners to adapt strategies in a dynamic and ever-changing landscape. In essence, the iterative nature of planning serves as a mechanism for resilience, enabling individuals and organizations to navigate uncertainties and pursue success with…The concept of blink is defined as a person's ability to anticipate, and vision, maintain flexibility, thanks strategically, and work with others to initiate changes that will create a viable future for the organization, and is competitive advantage to the organization in this wayThe basic objectives or goals of an organization are derived from its a. strategic plan. b. tactical plan. c. corporate strategy. d. mission statement. e. customer research.
- The organization charts represent which of the following? a. The goal of a company b. The list of stakeholders of the company c. Overall view of the organization function and relationship d. The forecast of future opportunitiesThe balanced scorecard is related to the strategy map in a way similar to howa. the value chain is related to product differentiation.b. SWOT analysis is related to execution.c. the organization’s key activities are related to the value chain.d. sustainability can be related to financial reportingAnne Hathawayy is a data analyst at a marketing company who is responsible for providing support to the reporting functions of an internal management support system. Which of the following is not true regarding designing a management support system? -Do not be consistent with reports and visualizations -Clearly define objectives -Make it fast -Identify what upper management needs
- Which of the following statements is true of a strategic goals? A)they Must be defined in Broad nonnumerical terms b)they must be easy to achieve c) they must encourage accountability and responsibility by illuminating the concept of deadlines d) they must tied directly to a firms competitive positionFAST PLZ 20-A newly appointed manager should start with which of the following? Start with the controlling function as this is what a manager does Start with planning as all the management functions are based on it Start with the organizing function as the manager is new Start with the directing function as the manager is newWhich of the following is correct about SWOT analysis? a. Weakness and threats are external factors to the business b. Strength and weakness are internal factors to the business. c. Strengths and opportunities are internal factors to the business d. threat is internal and weakness is external
- The following is the most important in strategy design: Understanding the organization's purpose, its mission Forming a strategic vision of where the organization needs to be headed Converting vision into measurable objectives A combination of all of the above in a consistent wayPlease write your answer in the form of report for these two theoretical questions. Your Report should have the proper structure: Introduction, Main Body and Conclusion. Your discussion for each question should be around 600-650 words. There is no right or wrong answer for these two theoretical questions. The academic reference is required for both questions. Note: If you fail to follow the above instructions, the penalty will apply. Please answer the following questions: a) Many academic scholars believed that‘The balanced scorecard (BSC) is the best strategic planning and management systembecause it takes non-financial measures into consideration.’ Required: Critically discuss the above statement with reference to academic literature. In your discussion, you should also refer to Kaplan and Norton BSC model (1992) below. Refer Screenshot b) ‘Investment appraisal techniques primarily meant to…Goal congruence is (CPA Adapted) The desire and the commitment to achieve a specific goal The extent to which individuals have the authority to make decisions O The extent of the attempt to accomplish a specific goal O The sharing of goals by supervisors and subordinates