Good strategy + good strategy execution = good management. True False Explain.
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Good strategy + good strategy execution = good management. True False Explain.
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- In businesses, measurement is also a fact of life. Investors decide whether or not to invest in a particular company based on its performance, and publicly held companies are required to disclose their financial performance so investors can make informed decisions. So the overall performance of a business is often defined by its financial measures, but how do they make sure their financial performance will make investors happy? Strategy. Firms make strategic plans in order to be successful. Performance evaluation closes the strategy cycle because of what managers do with the feedback they get in the evaluation process. When a manager compares performance to a standard, he is deciding whether or not the performance is acceptable or needs to be improved.The strategy cycle is a process managers use to achieve an advantage in the marketplace, and the measurement and evaluation stage tells managers whether the advantage is being achieved. If firm performance meets or exceeds objectives,…Changing circumstances and ongoing managerial efforts to improve the strategy A) All of these. B) make it very difficult for a company to have concrete strategic objectives. C) make it very hard to know what a company's strategy really is. D) account for why a company's strategy evolves over time. E) explain why a company's strategic vision undergoes almost constant change.Respond to this in 100 words ? Corporate-level strategy is the overall approach or plan that a company takes to achieve its goals and objectives at the highest level. The decisions made at the corporate level affect the entire organization and its various business units and divisions. It is essential to consider that there is no one-size-fits-all approach that can be universally deemed "better" as a strategy. The effectiveness of a strategy heavily depends on various factors, such as the market conditions, the organization's resources and capabilities, and the preferences and demands of the target customer segment. The differentiation strategy, for example, aims to create a unique offering in the market, that provides superior value to customers through innovative features, quality, or customer service. This can be very effective in capturing premium prices and fostering customer loyalty. However, it requires substantial investments in research and development. Another example is a…
- Considering the many different perspectives on what strategy is and how strategic planning should occur, which of the following is the best statement? Organizations cannot predict the future and thus should rely on a continuous, emerging strategy. Organizations should practice ‘strategic competence’ by focusing on what they’re best at. Organizations should pay particular attention to the resources they have when making strategic choices. Organizations should only concern themselves with leveraging their core competencies. Organizations should live their strategy on a daily basis.Write two to four sentences setting forth the long-term direction and strategic path that management intends to follow. The statement should clearly articulate your answer to "Where we are headed?" and should explain why the direction in which you intend to point the company makes good business sense. Your strategic vision statement should describe the kind of company that management is trying to create and the market position you are trying to stake out. You may want to summarize the essence of your strategic vision with a phrase or company slogan.Strategy formulation is cannot be more difficult and challenging than strategy impementation because of diffrent issues, please clarify
- According to Paul Spee, strategy-as-practice is: Practicing strategy until you get it right. A way that organizations develop strategy by practicing strategic planning. A new way of developing strategy that focuses on how we practice. A way to distinguish between economic and psychological models of strategic planning. A new field of research that focuses on how members of organizations actually perform strategy development and implementation.49. Which (of the items listed) is NOT one of the five generic types of competitive strategy? (Know which ones are). 50. Which generic type of competitive strategy is typically the "best" strategy for a company to employ? 51. A low-cost leader's basis for competitive advantage is what? 52. A factor that has a strong influence on a company's costs is termed what? 53. Strategic offensives should, as a general rule, be based on what? 54. An offensive to yield good results can be short if what happens? 55. When challenging a struggling rival, it can (what can happen?). 56. A blue-ocean strategy is what? 57. Which (from list) is NOT a prime example of a blue-ocean market strategy? 58. All firms are subject to offensive challenges from rivals. The intent of the best defensive move is to do what? 59. Which (from list) is NOT a purpose of a defensive strategy? (So, know what is). 60. What does the scope of the firm refer to? 61. The range of product and service segments that the firm serves…(Strategic Management) a) Mike and Henry both work in the same company, while Mike holds a much higher position in management where he is in charge of formulating strategies and Henry’s work mostly involves implementing. Discuss how their jobs are different. describe briefly. b) Despite playing different roles in the strategic management process both of them are equally responsible for ensuring that the culture of the company is cooperative and everyone is interested in managing and welcoming strategic changes. What can be done to ensure this? describe briefly.
- Krispy Kreme Doughnuts, Inc., 2015 www.krispykreme.com, KKd Copyright by Fred David Books LLC. www.strategyclub.com (Written by Forest R. David) Based on the given case above ; 1. Read and evaluate the mission statement of that organization accordingly. 2. Identify whether the mission statement is good or not good. State reason for your answer. A detailed analysis of the mission statement is given with correct components and the legend.PLEASE CITE YOUR REFERENCES IN APA FORMAT EVERY AFTER THE NUMBER. THANK YOU! What is strategic management for-profit? Please give examples What is strategic management for non-profit? Please give examples What is strategic management for small businesses? Please give examples Do you believe we can practice Porter's five generic strategies to these MSMEs (micro, small, and medium enterprises)? What are the benefits and drawbacks? Do you believe we can practice strategic management strategies to the majority of MSME (micro, small, and medium enterprises)? If so, which of these strategies is appropriate? What are the reasons for this?You work at a company whose primary product is a software program that caters to the restaurant industry by providing a basic CRM for reservations and operational logistics. The software uses some predictive data analytics, but, for the most part, does not leverage genAI. According to what we have learned so far, how would you begin to think about what your company's strategy should be in the next five years? Group of answer choices Research genAI and abandon the current software in favor of a genAI product that uses the current best-in-class tech, no matter the cost. Immediately pursue sale of the company to a restaurant conglomerate. Think about/map out internal and external factors that may affect the company, including potential threats to the industry (such as genAI) and company-specific sources of competitive advantage.