The audit which is carried out by the organisation's own staff is called: Select one: a. Own. b. Organisational. c. Internal.
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The audit which is carried out by the organisation's own staff is called:
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- When a CEO decides to set up a new business unit in another country, he makes a/an: a. Strategic plan b. Tactical plan c. Operational plan d. Short term planSelect an organization/business of your choice and apply the followinginstructions:1. Provide a one-page description of the organization/business in terms of its strategyand the products and services it offers.2. Provide a one-page description, determine whether or not the organization/business has an explicit relationship management-based strategy.19 - 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
- A) How is IKEA organized and how can we understand this in the light of the context in which the organization finds itself? B) Choose a reflection or challenge from a management point of view.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 StatementAssume that you are the CEO of an organisation of South African Breweries. With the passage of time, the organisationhas seen a decrease in its overall performance, effectiveness, and competitiveness. Sales have plunged, market has beenlost and customers are unhappy with the organisation. In response to this situation, you and your executive team havedecided to pursue a turnaround strategy to return the organisation to it former competitiveness. With this scenario in mind and using examples, discuss how you would ensure that the turnaround strategy is successful.
- 1. A mission statement is: A. A statement of the company's purpose B. Legally required C. Also called a divisional statement D. A company's viable view of the future 2. A service is: A. A tangible item B. An intangible item C. A good D. All of these 3. Middle managers: A. Are commonly referred to as executives B. Deal with operational issues C. Typically have the title "director" or "manager" D. Deal with strategic and tactical issuesHaving a strong strategy in place would assure the organization's success.Critically evaluate your organisation with regards to its vision, mission, and value statements, and assess how these are aligned to the organisation's strategy and culture. your answer should consider whether there are areas of improvement regarding its vision, mission, and value statement. Finally, recommend key stakeholder who may be consulted in this process, and justify your recommendations.
- Establish a relationship between ‘Strategic Directions’ and ‘Vision’ of a company. Develop a mission statement based on the Vision and relate it with strategic objective of the company? The vision is given below: VISION:L&T shall be a professionally-managed Indian multinational, committed to total customer satisfaction and enhancing shareholder value. L&T-ites shall be an innovative, entrepreneurial and empowered team constantly creating value and attaining global benchmarks. L&T shall foster a culture of caring, trust and continuous learning while meeting expectations of employees, stakeholders and society.Identify who or who is responsible for the strategic leadership of an organization and mention the five key areas in an organization. Explain what a strategic vision is and what is its importance in the company. Provide an example of a company vision. Explain what a mission statement is and what is its importance in the company. Provide an example of a company mission statement.How might a corporate management team go about determining whether the company should diversify? What factors should team members consider? What kinds of information should they collect? Justify your answer.