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- Strategic intent consists of an organization's values, mission, and vision; it informs an organization's decisions. Describe an example of how you have witnessed values that drive culture and an experience where it was clear that an organization either is or is not operating in a way that aligns with the mission (needs of key stakeholders). If you do not know the vision of your organization, look it up. Evaluate it using the guidelines provided by Walston.The fundamental purpose for the existence of any organization is described by its : Select one: a. mission statement b. procedures c. policies d. bylawsNoting the accomplishments of Mr. John Francois as a successfulbusinessman, who is seeking to expand/grow the business, he mayneed to consider segmenting the products offered into strategicbusiness units (SBUs). As the Consultant, you are required to adviseMr. Francois and his Management Team about the most appropriatemodel that could be used.How would you advise Mr. Francois and his Management Team so thatthey understand clearly how to use the most appropriate model forgrowing the business?
- How is a business plan different from an executive summary?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…Answer the question in paragraph format What strategy should an entrepreneur employ when selecting a personal board, an advisory board, or a board of directors?
- Bad company performance and governance begin with a Board not fulfilling its key responsibilities. Discuss thoroughly.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.Hi Can you please assist on the following The goals and plans for one company will not necessarily be the same for another company. For an organisation to be successful, it needs to have planned the strategies it will implement in order to reach specific organisational goals.How would you apply the planning function to your business? Briefly describe the planning context of your business; and Draw up at least five goals that you would expect your organisation to achieve within the next five years.
- Background: Mr. John Francois, the owner of John Francois Stores has been operating asuccessful business since 1977. However, he is not fully aware of whatstrategic management and planning entails. As a trust worthy employee, Mr.Francois has asked you to host a weekend retreat with him, his familymembers, and selected members of staff so that you can advise them aboutwhat strategic management and planning entails as well as how important itis for the organization to engage in strategic management and planning. Question1: What would you say to the members present at the retreat so that they canhave a very good understanding of what strategic management and planningentails, and why they should engage in the process so as to maintain thecompetitive advantage of John Francois Stores?A clearly defined __________________ directly addresses the question “What is our business?” from an organisational standpoint and distinguishes it from another similar firm a. Strategic Plan b. Vision statement c. Business plan d. Mission Statement19 - Which of the following is not a key element of strategic management? a) long-term final result B) Competitive advantage c) Long-term survival D) Coordinating the employees e) Profit above average return