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- 2. "Strategic management is a very complex process" Explainb. What are the key components of strategic management ?Subject: Strategic management MCQ's Alfred Chandler's conclusions on the relationship between strategy and structure can be summed up as a) structure shapes strategy. b) strategy and structure are independent factors. c) structure and strategy are unrelated. d) structure follows strategy. e) strategy follows structure.
- 2. Identify the the different levels of management, and say which level is responsible for formulating strategic plans and explain how they can formulated and implemented.a. What are the key components of a strategic management process?Discuss how well-designed policies and procedures can facilitate good strategy execution.
- 1. Staffing decisions are considered an important component of strategic planning and the man agency process. Why? How is strategy implementation process connected to the decisions resulting from a staffing strategy? 2. Why is it necessary for an organization to align its managers with the corporate strategy to ensure better organizational performance?“An organisation’s structure influences the effectiveness of strategy implementation”. Do you agree? Discuss.1. What three (3) personal values should a manager possess to improve the organization's success in achieving/fulfilling its primary purpose? 2. Assumptions are used by management methods such as the Logical Framework Approach (LFA), Cost-Benefit Analysis, and Cost-Effectiveness Analysis to provide inputs for managerial decisions and actions. What is the logic of employing an assumption in coming up with or creating inputs for management decisions and actions, given that it is not guaranteed to hold? Is there any way to avoid making assumptions?
- what's the role of the Board of Directors, the Risk Committee, the Audit Committee, and their relationship to each other in organizational governance.Strategic decision making can take place at various levels of an organization, what are the three most common? a. Operational, board and industrially b. Board of Directors, Chief Executive and Junior Management c. Governmental, locally and individually d. Corporate, Business, and FunctionalCrafting and executing strategy are thus core management tasks. Among all the things managers do, nothing affects a company’s ultimate success or failure more fundamentally than how well its management team charts the company’s direction, develops competitively effective strategic moves, and pursues what needs to be done internally to produce good day-in, day-out strategy execution and operating excellence. Indeed, good strategy and good strategy execution are the most telling and trustworthy signs of good management. The rationale for using the twin standards of good strategy making and good strategy execution to determine whether a company is well managed is therefore compelling: The better conceived a company’s strategy and the more competently it is executed, the more likely the company will be a standout performer in the marketplace. In stark contrast, a company that lacks clear-cut direction has a flawed strategy, or can’t execute its strategy competently is a company whose…