Explain why it might be argued that the formulation of a company’s strategy is the responsibility of a Chief Executive Officer of a company.
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Explain why it might be argued that the formulation of a company’s strategy is the responsibility of a Chief Executive Officer of a company.
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- Briefly explain why it is important for an organization to have a clear strategy and mission statement.Explain the fundamental principles of the business strategy and how does it vary from the corporate strategy ?Discuss the fundamental principles of the business strategy and how does it vary from the corporate strategy?
- There are a number of techniques employed to conduct an analysis of strategy options from which an organization can choose and implement to aid its attainment of long term objectives. As a staff of Despite Group of Companies, co-opted into a strategic planning committee, you have been tasked to do the following; Required: i. Explain each of the four quadrants in this matrix by identifying where each named subsidiary within the Despite Group falls with a description of appropriate strategies that may work out for eachExplore the concept of strategic alignment and discuss how organizations can ensure that their long-term plans are closely aligned with their mission, vision, values, and overall corporate objectives.6. Discuss the indicators of whether a company’s strategy is working well.
- Why is it important for organizations to have a clearly defined mission?At what points in the strategic planning process is it particularly important to get input from the top management? From external stakeholders? From service delivery staff?Every organization has a mission statement. Choose an organization (your choice) and list its strategic mission. Based on its current outcomes, does the mission accurately reflect its current strategy? Why or why not?