Management, Loose-Leaf Version
13th Edition
ISBN: 9781305969308
Author: Richard L. Daft
Publisher: South-Western College Pub
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Question
Chapter 8, Problem 6EE
Summary Introduction
To determine:
If I have been mentored on strategic thinking or planning.
Introduction:
Advice and guidelines for strategic thinking or planning.
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Based on the given case above,use own words:
1. You are required to 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) selfconcept; (8) public image; and (9) employees.
For each of the 9 components;
1.Customers - Who are the firm’s customers?
2.products or services - What are the firm’s major products or services?
3.markets - Geographically, where does the firm compete?
4.technology - Is the firm technologically current?
5.concern for survival/growth/profits - Is the firm committed to growth and financial soundness?
6.philosophy - What are the basic beliefs, values, aspirations, and ethical priorities of the firm?
7.self-concept - What is the firm’s major competitive advantage?
8.concern for public image - Is the firm responsive to social, community, and environmental concerns?
9.concern for employees - Are…
Understanding the common vocabulary used in strategic management is important to theapplication of its concepts.Required:
a. There are four general steps in conducting an external environmental analysis startingwith scanning of the environment. Briefly, explain all four steps.
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.
c. Compare and contrast “strategic blunder” and “strategic drift”?
The strategic innovation Discovery team at Mobile Inc. embraced incremental changes to the business model but senior management were not ready to make the big strategic leap to a whole new way of doing business. We call this movement away from the current business strategy _____________________________.
a.
Discovery drift
b.
Strategic Frontier
c.
Exploratory vectors
d.
Discovery leap
Which of the following are excuses provided by organizations as it relates to the problems experienced when managing the business toward the future?
a.
Ambidextrous organizations, Industry turbulence, Corporate myopia
b.
Corporate myopia, Industry turbulence, Future incompetence
c.
Corporate myopia, Industry turbulence, Future competence
d.
unpredictability, Industry turbulence, Future incompetence
Based on the theoretical model proposed by Ardichvili, Cardozo and Ray, which of the following is NOT considered a major factor that influences the core…
Chapter 8 Solutions
Management, Loose-Leaf Version
Ch. 8 - Prob. 1OTJVCCh. 8 - Prob. 2OTJVCCh. 8 - Prob. 3OTJVCCh. 8 - Prob. 1DQCh. 8 - Prob. 2DQCh. 8 - Prob. 3DQCh. 8 - Prob. 4DQCh. 8 - Prob. 5DQCh. 8 - Prob. 6DQCh. 8 - Prob. 7DQ
Ch. 8 - Prob. 8DQCh. 8 - Prob. 9DQCh. 8 - Prob. 10DQCh. 8 - Prob. 1EECh. 8 - Prob. 2EECh. 8 - Prob. 3EECh. 8 - Prob. 4EECh. 8 - Prob. 5EECh. 8 - Prob. 6EECh. 8 - Prob. 7EECh. 8 - Prob. 8EECh. 8 - Prob. 9EECh. 8 - Prob. 10EECh. 8 - Prob. 1SGBCh. 8 - Prob. 1EDCh. 8 - Prob. 2EDCh. 8 - Prob. 3EDCh. 8 - Prob. 1CFCACh. 8 - Prob. 2CFCACh. 8 - Prob. 3CFCA
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Management, Loose-Leaf VersionManagementISBN:9781305969308Author:Richard L. DaftPublisher:South-Western College Pub
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ISBN:9781305969308
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