What is strategy implementation? a) Using operating and executing strategy b) The board of directors reviewing established strategy for potential problems c) The formulation of strategy by upper management d) Creating a BCG Matrix to analyze businesses
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136) What is strategy implementation?
a) Using operating and executing strategy
b) The board of directors reviewing established strategy for potential problems
c) The formulation of strategy by upper management
d) Creating a BCG Matrix to analyze businesses
Step by step
Solved in 2 steps
- 29. Strategy formation results from understanding customers and the marketplace defines (shoose) a. The customer understanding of the market. b. Strategy formation process and steps. c. Benchmarking. d. The voice of the market.1): A brief overview of the company you selected, Starbucks, including their product/service features, benefits, and brand identity. 2): Brief highlights from the PESTEL and SWOT of Starbucks. Just highlights from each. 3): The marketing plan objectives you developed (Social media, sales promotion, traditional media, and outdoor advertising) 4): Competitive analysis including: differentiation, positioning, and target market profile 5): How the marketing mix (the 4 Ps or 7 Ps) will work together to reinforce the plan objectives and the marketing plan and communication budget? 6): Marketing communications budget including total budget and allocations for each media channel (used up).Please answer all 3 subparts Question 1 (i) Which of the following criteria is NOT provided by NCCG 2016 to determine board size?A. Size of the organisation in turnover or headcountB. Extent to which activities are subject to regulationC. The right gender proportion with appropriate skills.D. The extent of public scrutiny to which the organisation is subject (ii) A board charter provides forA. The vision, mission and values of the organisationB. The terms of reference for the Board and describe how it operates.C. A written description of the major accountabilities within the companyD. Description of acceptable and unacceptable behaviours within the company (iii) The objective of the Mauritius Institute of Directors is to:A. Enhance the credibility of financial reporting; and improve the quality ofaccountancy and audit services.B. Be the voice of Directors, through training and certification programmes, workshops and networking events, advocacy, research and thought leadership,C.…
- strategic management: 1. Carry out a value net analysis for a small boutique advertising agency serving the fastfood market, and formulate PARTS strategies for that agency.4) The first step in strategic planning is to ________. A) set objectives and goals B) develop the business portfolio C) define the company mission D) plan marketing strategies 5) Which of the following is NOT a step in the strategic planning process?A) defining the company missionB) setting company objectives and goalsC) designing the business portfolioD) identifying the company's culture 6) Which of the following provides an answer to these questions: What is our business? Who are our customers? What do our customers value? What should our business be? A) objectives and goalsB) mission statementC) business portfolio D) marketing and functional strategies12. Despite its best effort, a firm has failed to achieve its long-term goal to increase sales performance for the last three quarters. Which strategic management process will help this firm in this situation? A:Perform strategic formulation B:Conduct strategic evaluation C:Pursue strategic implementation D:Identify strategic objectives
- 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 crafting a company's strategy: Question 11Answer C) managers need to come up with some distinctive "aha" element to the strategy that draws in customers and produces a competitive edge over rivals. D) managers are well-advised to be risk-averse and develop a "conservative" strategy—"dare-to-be-different" strategies rarely are successful. A) management's biggest challenge is how closely to mimic the strategies of successful companies in the industry. B) managers are wise not to decide on concrete courses of action in order to preserve maximum strategic flexibility.39. Which of the following tasks you should give to a marketing department in termsof strategy implementation?Select one:a. Helps the organization to look for capital because new strategy often needs à capitalb. Provides data on how the organization should pursue a strategyc. Look for ways on how organization can quickly receive a return of investment for their strategyd. Look for affordable raw materials for their new product to be developed or improved
- Understanding the common vocabulary used in strategic management is important to theapplication of its concepts.Required:b. Choose any organisation of your choice and employ the “SWOT Matrix” to demonstratethe current strategic position of the organization and clearly indicate the strategy optionsavailable to help match that organization’s internal environmental elements against itsexternal environmental elements.Write Short Notes on:- a) Evaluating the worth of a Business b) Japanese Culture as a Strategy Supportive one. c) Quantitative and Qualitative Forecasting Techniques. d) Marketing Issues in Strategy Implementation1. Planning and goals (Connect, Perform) 1. In the planning process, what is the role of strategic goals and plans? A. Sets purpose of business B. Guides day-to-day activities C. Sets company direction D. Links strategy and operations 2. Twitter is a publicly traded company that generates revenues primarily by selling advertising to businesses and licensing user data. Twitter’s 3,900 employees around the world serve 320 million active users who generate 1 billion unique visits to sites with embedded Tweets each month. The company’s mission? Twitter exists “to give everyone the power to create and share ideas and information instantly, without barriers.” A company’s strategic goals specify a direction for accomplishing the company’s mission. Which one of the following would be an appropriate strategic goal for Twitter? A. Strengthen the core user base usage by time spent on timeline, content generation, and mobile engagement B. Increase usage by professional and citizen journalists by…