Strategic “slippage” refers to: a) Maintain strategic momentum despite changes in the environment b) Strategic intentions get distorted on their way to implementation c) Effectiveness of strategy implementation is enhanced by a firms flexibility in its overall strategic direction d) Realized strategies that match the intended ones
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46) Strategic “slippage” refers to:
- a) Maintain strategic momentum despite changes in the environment
- b) Strategic intentions get distorted on their way to implementation
- c) Effectiveness of strategy implementation is enhanced by a firms flexibility in its overall strategic direction
- d) Realized strategies that match the intended ones
Step by step
Solved in 2 steps
- Crafting a strategy involves A) blending deliberate/planned initiatives with emergent/unplanned reactive responses to changing circumstances, while abandoning planned strategy elements that have failed in the marketplace. B) developing a five-year strategic plan and then fine-tuning it during the remainder of the plan period. C) trying to imitate as much of the market leader's strategy as possible so as not to end up at a competitive disadvantage. D) doing everything possible (in the way of price, quality, service, warranties, advertising, and so on) to make sure the company's product/service is very clearly differentiated from the product/service offerings of rivals. E) All of these accurately characterize the managerial process of crafting a company's strategy.In performing the strategic evaluation activities, strategic leaders and managers must take into consideration certain key characteristics to determine an effective strategy evaluation system (David, 2007). Which of the following is NOT one of the key characteristics? a. Accuracy in relation to adequate feedback. b. Evolution to re-start. c. Timely feedback for decision making. d. Meaningful to understand that strategy has a short-term and long-term focus. Select one: a. a b. b c. c d. d(a). Distinguish between the 3 levels of Strategy and the three stages of Strategic Management. Explain the activities entailed at each of the 3 levels of strategy. 1 (b). Explain the relevance of each of the following terms and concepts to a non management professional.I) Synergy II) Scenario Planning III) Bench-MarkingIV) Value Chain Analysis
- Lower responsiveness and flexibility to address customer needs, product standardization concerns, leading to unmet needs and unsatisfied customers are drawbacks of which strategy? a. Corporate Strategy b. Local Strategy c. Intended Strategy d. Global StrategyStrategyWhich of the following statements about marketing strategies is correct (a)? Select one or more options: - A market leader (like Coca-Cola) often has different strategies than a market challenger (like Pepsi) - The company's vision 'is oriented towards markets and customers - If you follow the strategic goal niche, you target a very small part of the market - Using cost leadership as a strategy means that you always set lower prices than the competition - The company you work for has conducted a survey and concluded that their customer service is not good enough at solving customers' problems. In a SWOT analysis, this would be a threat.9.A manager has a clear knowledge of where the company needs to be at the end of the coming year and is in the process of identifying the goals that would lead the company to that desired position. Which stage of the strategic management process is being illustrated? A.Formulation B.Implementation C.Evaluation D.Objectives
- A manager has a clear knowledge of where the company needs to be at the end of the coming year and is in the process of identifying the goals that would lead the company to that desired position. Which stage of the strategic management process is being illustrated? A. Formulation B. Objectives C. Evaluation D. ImplementationCritically examine any 11 Grand Strategies in terms of their characteristics, advantages anddisadvantages.(b) Comprehensively analyse Porter’s Generic Strategies and for each generic strategy,provide detailed examples of two companies each that have adopted each named genericstrategy.(c) Research and find out real Ghanaian corporate examples over the past three decades thatfits each Grand Strategy described above. (precede each example with a paragraph on thebackground of the company being named)(d) Investigate what accounted for the success or failure of each example stated in ‘b’ aboveand provide superior recommendations that would have helped such companies in thoseinstances to achieve their objectives.1. Discuss the importance of strategic change management in strategy execution.2. Explain the difference between strategic fit and strategic drift
- 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…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.Strategic managementIn order to prepare and formulate the strategy, a strategic analysis must be conducted for each of the external environment of the organization as well as the internal environment of the organization. Explain this with the application of this analysis to a Saudi company. In addition to clarifying the strategic methods used in analyzing the conditions and conditions of the industry