39) One of the fundamental strategy evaluation activities is reviewing the external and internalfactors on which strategies are based.OTrueOFalse40) Competitive intelligence is not corporate espionage.OTrueFalse41) Constructing an Internal Factor Evaluation Matrix is a summary step when conducting aninternal strategic-management audit.OTrueFalse42) Customers and creditors are considered stockholders of anorganization.OTrueFalse

Strategic management is regarding the classification & depiction of the strategies that…

Answered: 39) One of the fundamental strategy…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

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Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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'Business strategy produces long-term plans for the business, taking into consideration plans and possible actions of competitors, the main objective being to position the firm so it has a competitive advantage.. If management accounting is to play this role in strategic management, it must provide managers not only with internal, financial information, but also with information, both financial and non-financial, about the environment in which the firm is operating: strategic management accounting' (Lord, 2007, p.135). Discuss the previous statement, taking in to consideration the following perspectives: a) The sufficiency of strategic management accounting components in achieving the new firm's roles in comparison to the traditional management accounting. b) The appropriateness of the new performance evaluation techniques (such as balanced scorecard and strategic management accounting techniques) to the strategic management accounting objectives in comparison to the traditional…
2. Imagine you are the CEO of an organization. Your work is expanding and you need to hire people who are experienced and skillful in their fields such as marketing. a. Explain what type of problem exist in above given situation? and what type of decision could be taken? b. Elaborate the decision-making process through which you will be able to hire best marketing employees?
Q3b Domod Plc is on the verge of collapse, and the main problem identified relates tothe lack of qualified staff. Explain the process for attracting and hiring staff startingfrom manpower planning to employee appraisal. ii. Henry Gantt is said to have developed the Gannt Chart, discuss the relevance of theGannt chart in decision making. Relate your explanation to your courses for thesemester and present a diagram to show how you would apply the Gannt chart andexplain how it functions using the diagram.
The obligations of an investor-owned company's board of directors in the strategy-making, strategy-executing process include A) taking the lead in developing the company's business model and strategic vision. B) coming up with compelling strategy proposals to debate against those put forward by top management. C) taking the lead in formulating the company's strategic plan but then delegating the task of implementing and executing the strategic plan to the company's CEO and other senior executives. D) overseeing the company's financial accounting and financial reporting practices and setting CEO compensation. E) approving the company's operating strategies, functional-area strategies, business strategy, and overall corporate strategy.
The Small-A Corporation is currently competing with a first mover which owns 90% of the market share. An aggressivemarketing strategy is expected to entice 10% of the competitor’s market share to shift to Small-A every month while theremaining 90% will not. As a new firm, Small-A expects 30% of his market share to shift back to the competitor everymonth. a. What would Small-A’s market share be after one month?b. What would the competitor’s share be after one month?c. What would Small-A’s market share be after two months?d. What would the competitor’s share be after two months?
1.Describe the “process of performing an external audit” in an organization doing strategic planning. 2.Compare and contrast the duties and responsibilities of a CIO with a CTO in a large firm. 3. What are the three basic objectives of a competitive intelligence program? Explain in your own understanding.
123) How does awarding managers stock options help align the goals of managers and stockholders? a) If top management has stock options that become valuable at a particular price (higher than the prevailing markets price), management will b incentivized to improve company performance so the option can be exercised at the higher price b) Stock options guide managers in allocating funds for training c) If top management has stock options that become valuable at a particular price, they will be incentivized to buy and sell stocks d) This will help the managers and stockholders learn to work with each other as the managers will look to stockholders for advice on stock handling
113) Briefly describe the purpose of a portfolio analysis. 114) Periodically, the Walt Disney Company recycles its oldest animated films, such as Snow White, back into movie theaters to delight a new generation of consumers. To what classification of the BCG growth-market share matrix would these old movies belong? Explain. 115) What type of strategy should a company use to manage its cash cows? 116) How do product development strategies create growth? Give an example of how a company could use a product development strategy.
20 - What is the correct order of strategic decision-making process? i. Evaluate current performance results ii. Scan and assess the internal corporate environment iii. Implement selected strategies iv. Review corporate governance v. Analyze strategic (SWOT) factors vi. Scan and assess the external environment vii. Generate, evaluate and select the best alternative strategy viii. Evaluate implemented strategies a) O 1- || - I – IV - V- VI - VII – VIII b) |- IV - VI - || - V - VII - III - VI c) O II - III - V -1- IV - VII - VIII - VI d) O VI - V- IV -1- || - ||| - VII – VIII
Indicate whether or not the organization where you are employed engages in strategic management and planning. If Yes, how has this benefitted the organization? If No, give your perceptions regarding the limitations and why the organization does not engage in strategic management and planning. Q2. Discuss briefly why ethical decision-making is essential in an organization, and the possible effects that ethical violations/unethical behaviours can have on the organization and its stakeholders.
1. What is the main purpose of Strategic Risk Management? a. Assess risks to identify which to avoid b.Transfer all risk exposures of the company c.Develop the company’s risk profile d. Create and protect value for its stakeholders 2..Which of the following cannot be derived from analyzing Porter’s Five Forces? aPotential threats to a company’s value proposition b.Industry’s attractiveness or level of competition c.Trends in the market or industry d. None of the foregoing 3..What is likely to happen if many new businesses enter a market? a.Competitive rivalry will intensify b.Industry profits will increase c.Industry capacity will fall d.Barriers to entry will rise
Explain Korey's model that consist of three discrete major phases: (1) preliminary analysis phase, (2) strategic planning phase, (3) strategic management phase

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