management exists to provide advice and assistance to those responsible for attaining the objectives of the organization. O A. Line O B. Staff O C. Functional OD. Risk
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- Why is it important to set financial objectives? a. To overtake key competitors on such important measures as net profit margins and return on investment. b. Without adequate profitability and financial strength, the company's ultimate survival is jeopardized. c. To convince shareholders that top management is acting in their interests. d. To translate the company's business model into action items. e. To indicate to employees that financial objectives always take precedence over strategic objectives. Companies set strategic objectives: a. to achieve a company's strategic vision. b. because they are more difficult to achieve and harder to measure than financial objectives. c. to target outcomes that indicate a company is strengthening its market standing, competitive position, and future business prospects. d. to help managers track an organization's true progress better than financial objectives. e. to indicate to employees that strategic objectives always take…Which 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 reactiveWhich of the following statements about organizational missions is FALSE? a. They indicate what a company tends to contribute to society b. They define a company’s reason for existence c. They are formulated after strategies are known d. They reflect a company’s purpose e. They provide guidance for functional area missions
- A flexible budget: a. is another name for management by exception b. provides favorable operating results c. is based on the budgeted level of output d. is developed at the end of the period Clear my choiceA business has the responsibilities to which of the following? A- Customers B- Owners and shareholders C- Employees D- All of the optionsStrategic management. Please MISSION STATEMENT ANALYSIS OF KRISPY KREME DOUGHNUTS. i. Evaluation of mission statement Consumers are our lifeblood, the center of the doughnut. There is no substitute for quality in our service to consumers. Impeccable presentation is critical wherever Krispy Kreme is sold. We must produce a collaborative team effort that is unexcelled. We must cast the best possible image in all that we do. We must never settle for “second best;” we deliver on our commitments. We must coach our team to ever-better results 1. Read and evaluate the mission statement of that organization accordingly. * A detailed analysis of the mission statement is given with correct components and the legend using the underlisted 9 mission statement components or not. If yes please put number in bracket in which component suit (..) Mission statement components 1. Customers—Who are the firm's customers? 2. Products or services—What are the firm's major products or services? 3.…
- Content marketing can be a very hectic mess unless you organize it into clear business processes. Consider the following process:The content writer takes up & finishes the first draft of an article. Includes descriptions of any custom images that are to be used in the articleThe marketer gathers influencer contact information, to be used for advertising and marketing once the article is doneThe editor proof-reads the article, makes points on grammar, style, spelling, etc.The designer creates custom images as asked, sending them over to the content writerThe writer takes the comments into consideration, fixes any mistakes, and adds the images to the articleThe SEO expert makes sure that the article meets the right optimization best- practices & publishes the articleThe marketer uses a combination of advertising & email outreach to make sure that the article is read.Activity: Construct the business process diagram and apply the flowcharting process discussed. Note: Organize…Content marketing can be a very hectic mess unless you organize it into clear business processes. Consider the following process:The content writer takes up & finishes the first draft of an article. Includes descriptions of any custom images that are to be used in the articleThe marketer gathers influencer contact information, to be used for advertising and marketing once the article is doneThe editor proof-reads the article, makes points on grammar, style, spelling, etc.The designer creates custom images as asked, sending them over to the content writerThe writer takes the comments into consideration, fixes any mistakes, and adds the images to the articleThe SEO expert makes sure that the article meets the right optimization best- practices & publishes the articleThe marketer uses a combination of advertising & email outreach to make sure that the article is read.Activity: Construct the business process diagram and apply the flowcharting process discussed.Middle managers are responsible for the organization's overall success. O a. True © b. False
- Organisations are categorized as either closed or open systems. In an open strategic process _____________________: a. Does not depend on its environment for sustenance b. Free dissemination of a firm’s strategies c. Participants in a visible strategy process become more attractive to rival firms which may lure them away d. Managers, employees, and other stakeholders can readily contribute to the process. They often have excellent ideas. Secrecy would forgo many excellent ideas.Allot 45 minutes to watch the complete video. After watching the video write a brief summary. The summary should be a minimum of 250 words and a maximum of 500 words. In the summary, you will briefly describe the three businesses profiled and then select one you believe was the best business. You must support your selection using insights from the readings from your textbook to date. Use the link below to view the episode (New clip): https://abc.com/shows/shark-tank/episode-guide/season-14/16-episode-16Compared to the external audit, the process of performing an internal audit provides more opportunity forparticipants to understand how their jobs, departments, and divisions fit into the whole organization.” Criticallydiscuss this statement.