Good strategy aligned with good strategy execution: Group of answer choices A,.is a more important management function than forming a strategic vision and mission. B. is the clearest indicator of overall good management. C.offers a surefire guarantee for avoiding weak financial performance. D.is the best sign that a company has one true leader.
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- Which of the following is a false statement about strategy implementation? a.It is also known as strategy execution b. It tends to receive as much attention by executives as strategy formulation c. A sound formulated strategy does not automatically translate into an effectively implemented strategy d.Executives admit to significantly struggling with the implementation of their strategic plans e.None of the above – they are all true statements about strategy implementationA business plan or pitch should be used as a tool for: a. Planning the required steps for the company to bring its product to market and become financially viable b. Declaring and monitoring important goals, according to a specific timetable c. Framing and guiding communications, both internally and externally d. All of the aboveWhich of the following is not an advantage of strategic management? a. It provides organizations with a clearer sense of direction and purpose b. It helps improve the political, economic, social, and technological environment of the organization c. It helps orientate management decisions to relevant environmental conditions d. It helps organizations be proactive rather than reactive
- Directions: Read each statement carefully. In a separate sheet of paper, write TRUE if the statement is correct and FALSE if the statement does not fit the description 1. CRM helps businesses build a relationship with their customers that, in turn, creates loyalty and customer retention 2. Customer database information is also used in customer segmentation and profiling 3. An intimate knowledge and understanding of customer needs and wants can lead to ineffective customer service that can result in long-term customer loyalty. 4. Acquiring and keeping customers is the end goal of businesses because customers create demand. 5. Maintaining high levels of customer service quality may be simple due to variability of services. 6. Customer's lifetime value involves activities designed to enhance customer satisfaction, or the perception that a product has met or exceeded expectations. 7. Customer Relationship Management can take on many forms-salesperson assistance, product delivery, technical…Why does a company needs financial objectives? A) to convince shareholders that top management is acting in their interests. B) because without adequate profitability and financial strength, the company's ultimate survival is jeopardized. C) to indicate to employees that financial objectives always take precedence over strategic objectives. D) to translate the company's business model into action items. E) to overtake key competitors on such important measures as net profit margins and return on investment.Which of the following statements about corporate purpose is not true? -In an extensive survey of CEOs 95% percent of respondents cited the core problem they endeavor to solve -In their corporate literature firms need to identify the primary beneficiaries of the organization's work -Companies needs to ensure the purpose statement is balanced -Developing a powerful purpose statement establishes what is unique and non-replicable about a company and provides competitive advantage - b and "d"
- Word totals for this post should be in the 100-200-word range. Whether you agree or disagree, explain why with supporting evidence and concepts from the readings or a related experience. Include a reference, link, or citation when appropriate. 1. Select one of the external factors discussed in the text that influences business. 2. Choose a company that is being significantly influenced by the factor you selected. For example, there has been a great deal of consumer concern about the use of GMOs in food, and Monsanto has been on the receiving end of a great deal of criticism. See the article "Monsanto in the middle of upcoming congressional fight over GMO labeling" Provide a brief background on the company and the external factor you selected. • Explain how this external factor is currently influencing the internal functional areas of the business/company. In other words, what short-term changes, actions, or decisions are needing to be made within the functional, internal areas of the…I am a project manager who supports corporate-citizenship-funded programs for our large insurance company. I am responsible for helping choose proposals to support for environmental, community education, and alumni related projects. Last year, the division in which I work facilitated 120 sponsorships, engaged 100 employees, and provided nearly 25 speakers to various programs. We have a set of criteria to guide our decision-making process and to help proposals that demonstrate real need. This focus aligns with the mission of the company. Still, there are many organizations with proposals that are high profile, legacy, and/or ones also supported by executives at our firm.These executive-backed requests sometimes receive preferential treatment over the requests that do meet our needs criteria. Several individuals and groups in the company who are aware of these exceptions either shrug it off or feel comfortably conflicted. Executives form close ties with some of the groups who receive…Recommend the necessary a) 5 guidelines; and b) 10 sequential steps required in preparing a written strategic plan report. This is not an assignemt this is just a question please answe it. thanks
- SECTION B – TRUE/FALSE QUESTIONS1. Strategic leadership is a leader's ability to anticipate, envision, maintain flexibility, think strategically, and work with others to initiate changes that will create a viable future for the organization.a. Trueb. False2. Ultimately, strategic leadership is the responsibility of the CEO and top management.a. Trueb. False3. The link between leadership and strategy is a new concept but quickly becoming accepted.a. Trueb. False4. Strategic leadership is the set of decisions and actions used to formulate and implement specific strategies that will achieve a competitively superior fit between the organization and itsenvironment, so as to achieve organizational goals.a. Trueb. False5. Ultimately, organizational change is about changing the profit margin of the organization.a. Trueb. False6. An organization's external environment presents strengths and weaknesses, while it internal environment presents opportunities and threats.a. Trueb. False7. The…Which of the following is NOT a factor in an individual behavior? A. The values and character of the President of the ABC Company B. The beliefs, values and behavior of Finance Division C. The competition within an organization D. The submission of financial reports 2. In an investment, what do you call under diversification, holding onto losers, chasing winners, buying stocks that catch their attention, systematically ignoring important information, paying too little attention to fees and trading too much? A. Errors B. Biases C. Misinformation D. Basic tradeWhich of the following statements about an organization’s mission statement is true? Select one: a. The mission statement should express an organization’s purpose. b. The mission statement should identify how an organization will meet the needs of its targeted customers. c. The mission statement must be communicated throughout the organization. d. All of the statements are true.