O Stable & Dynamic environment. Stable & Simple environment. As we go upward in managerial levels; the importance of decrease. O Planning. O Technical skills. O Organizing. O Conceptual skills.
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- 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.Managerial Accounting Contrastedto Financial AccountingManagerial accounting supports the internal planning (future-oriented) decisionsmade by management. Financial accounting has more of a scorekeeping, historicalorientation, although data produced by the financial accounting process form some ofthe foundation on which plans are based. Planning is a key part of the managementLO 1Explain the management planning andcontrol cycle.1. What does it mean to state that there are different costs for different purposes? QWhat DoesIt Mean?A n s w e r o np a g e 4 8 6mar2529X_ch12_458-503.indd 459 26/11/12 2:05 PM460 Part 2 Managerial Accountingprocess; and although there are many descriptions of that process, a generally acceptable definition would include reference to the process of planning, organizing,and controlling an entity’s activities so that the organization can achieve its desiredoutcomes. A general model of the process looks like this:Implement PlansDecision Making Decision…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, you are required: 1. Propose a new mission statement for the organization based on 9 components of mission statement :(1) customers; (2) products and/or services; (3) markets; (4) technology; (5) survival, growth, and profitability; (6) philosophy; (7) self-concept; (8) public image; and (9) employees. (10) Component Legend is provided 2. Quality of the writing of the proposed mission statement.
- BUSINESS FINANCE 1. As a student, what practical benefits can you gain from learning business finance? 2. Can you give me person that you know who is very good in budgeting or in financial matters and kindly share to us his/her good practices. 3. What is the major role of the board of directors in an corporation? 4. What’s the differences between the VP MARKETING AND VP ADMINISTRATION? 5. What is the differences between wealth maximization and profit maximization? 6. Name one CEO and share his/her advocacies that you would like to evaluate and live by. 7. What was your personal experience regarding budgeting your own money? How did you overcome any difficulty? 8. What do you understand with the terms savings and investment?EVA®; Shareholder Value Analysis and Sustainability; Internet-Based Research Increasingshareholder value is a key objective for many profit-seeking organizations. As indicated in the chapter, EVA® is meant to approximate economic income and, in this sense, can be viewed as a measureof shareholder value added by the firm during a period. Increasingly, managers are realizing thatshareholder value is enhanced by creating value for employees, customers, suppliers, the community,and other stakeholders. This problem asks you to consider how EVA®, as a measure of economicvalue created during a period, can be used to guide and justify sustainability-related investments.Required1. How is economic value added (EVA®) for any accounting period estimated? How does this financialperformance metric differ from both conventional accounting income and from residual income (RI)?Please explain right as well as wrong options (1) when rubberstamp productions, previously a small-time production house, grew in size, the first thing its cheif executive officer (CEO) did was establish a set og guildlines that detailed all priciples, standards, and procedures to be followed in the conpany's line of business. The CEO set specific standards on topics ranging from treatment of coworkers to protection of the environment to maintenance of financial records. this scenario illustrates that the CEO developed a a.) code of ethics b.) cognitive map c.) database of employee records b.) performance appraisal document (2) Rose found strong evidence that her supervisor was stealing confidential documents from the company. she immediately reported her manager's actions to the top management. Rose's action is an example of: a.) whistle-blowing b.) brainstorming c.) property deviance d.) personal aggression
- Can you assist with the below assignment?Environmental Issues Faced by Business and SocietyResearch and explain the importance of an environmental issue (fracking, hazardous waste disposal, oil pipeline leaks, deforestation, etc.) faced by business and society.Additionally, describe at least two strategic approaches organizations are using to respond to the issue.The requirements below must be met for your paper to be accepted and graded:Write between 750 – 1,250 words (approximately 3 – 5 pages) using Microsoft Word in APA style, see example below.Use font size 12 and 1†margins.Include cover page and reference page.At least 80% of your paper must be original content/writing.No more than 20% of your content/information may come from references.Use at least three references from outside the course material, one reference must be from EBSCOhost. Text book, lectures, and other materials in the course may be used, but are not counted…How do I respond to this in 100 words? Environmental change can impact a firm in a rapid or sudden manner, while firms that are doing well will take the necessary steps to capitalize on new ways to limit the effects that has been impactful resulting in change. “Change can be brought about by factors such as the need to address increased competition, improve quality or service, reduce costs, or align the firm with the practices and expectation of its partners” (Parnel1, 2017, p. 260). The environment that we live is being impacted by how we sustain our lives. Changing strategies within environmental changes can be a complex process and is important to understand how strategic changes may affect consumers and employees while strategic changes that may not be warranted by the benefits. For example, renewable resources are replaceable energy resources which can be used for survival. “Energy is the lifeblood of the global economy” (Blanks, 2004). The sources of energy on our planet…There are so many avenues through which the concepts of strategic management could be appliedin real life.Required: a. With reference to the business model canvas, illustrate how thenine (9) elements interact in ascertaining how a business can sustainably generaterevenues. b. Using an organization of your choice, practically demonstrate your understanding of theorganization’s business model.
- 48. During the current situation of corona, people need savings to meet their emergency needs. This is an example of ____________ a. Strategic planning b. None of the options given c. Operational planning d. Contingency planning 49. The power which involve the ability to either reward or punish persons being influenced, in order to gain compliance is termed as___________. a. Expert and informational power b. Reward and coercive power c. Referent power d. Legitimate powerHow do I respond to this in 100 words?Environmental changes can have a significant impact on a firm and its strategic management. These changes can come in various forms such as climate change, government regulations, technological advancements, and shifting consumer preferences. As these changes occur, firms must adapt and adjust their strategies to remain competitive and sustainable in the market. For example, let's consider a firm operating in the energy sector. As environmental concerns grow and governments impose stricter regulations to reduce carbon emissions, the firm's strategic management must respond to these changes. The firm may need to invest in research and development to develop new renewable energy technologies and shift its focus away from fossil fuels. This could involve investing in wind or solar power projects, developing energy-efficient technologies, or exploring alternative energy sources. These environmental changes can also present opportunities for the firm.…Policy statements are a means for executive management to communicate its leadership and views.1. Determine the possible categories of such policies. 2. Elucidate on what is needed for a policy to be effective.
