statements about corporate purpose
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A:
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"
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- Which of the following statements is INCORRECT? a. Strategy innovation is a process of applying innovative thinking to the entire business model of a company, not just to its products or inventions. b. Innovation is just about opening up new markets. c. Strategy innovation is shifting a corporation’s business strategy in order to create new value for both the customer and the corporation. d. Strategy innovation involves changing the rules of how customers receive value and having a business model that delivers that value better than the competition. Which of the following statements are correct? I. In order for intellectual property to be properly managed and used to create a competitive advantage, top level management must be involved. II. The use of patents to enjoy a short-term technological lead is the best-known way to create competitive advantage with IP rights. III. Patents do not expire after application. IV. IPRs help to protect brand names. a.…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…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…
- Which of the following is not a correct statement? a. Mass customization is an ability to make goods and services that global customers require at any volume and time. b. Innovative companies focus on outstanding product research, design, and development. c. Customers demand quick responses, short waiting times, and consistency in performance. d. Core competencies are strengths unique to an organization. e. Strategic planning does not help an organization build a strong position to achieve its goals, despite unforeseen external forces.Which 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.Choose one, which of the following best summarizes findings from the article 'Mission, Vision, and Values: What do they say?' by Cady, Wheeler, DeWolf, and Brodke? The field of business ethics has failed to find a correlation in company value statements and ethical behavior. Corporate mission, vision, and value statements are often not understood or followed by members of the organization. Corporate statements and actions are not aligned. Mission, vision, and values are the most used titles for corporate documents. Many organizational statements contain so many unique concepts that they begin to suffer from high density.
- 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.A compelling vision is a shared goal or aspiration that inspires and motivates members of an organization, team, or company to work together to achieve it. A compelling vision should be clear, concise, and easily understood by all members. It should also be aligned with the values and purpose of the organization and reflect the needs and desires of its stakeholders. When a compelling vision is effectively communicated and understood, it can unify members and create a sense of purpose and direction. Members can rally around the vision, align their efforts, and work collaboratively towards achieving it. Additionally, a compelling vision can also attract and retain talented individuals who share the same values and goals. However, for a vision to be effective in unifying members, it must be more than just a statement. It must be accompanied by actions and decisions that demonstrate a commitment to achieving the vision. Leaders must model the behaviors and attitudes that support the…Which of the following is not a way of dealing with and overcoming objections in personal selling? a. Argue with the client B. Turn a goal into a benefit c. Gracefully reject objections Dr.. ask questions
- Give typing answer with explanation and conclusion Lack of technical know-how. Lack of strategic agility. Baffled business strategy. Reviewing and Evaluating the Business Strategy Continuously. Opening up to Every New and Discovering New Benefits. Do Not Ignore Brainstorming.Which 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 missionsWord 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…