An organization’s strategy: a. Tends to be formed at the same time the mission is developed and objectives are formulated b. Generally forms over a period of time as events unfold c. Remains set in place longer than the mission and objectives d. Is usually conceived at a single time when managers sit down and work out a comprehensive strategic plan for the next 3-5 years

An organization’s strategy: a. Tends to be formed at the same time the mission is developed and objectives are formulated b. Generally forms over a period of time as events unfold c. Remains set in place longer than the mission and objectives d. Is usually conceived at a single time when managers sit down and work out a comprehensive strategic plan for the next 3-5 years

Principles Of Marketing

17th Edition

ISBN:9780134492513

Author:Kotler, Philip, Armstrong, Gary (gary M.)

Publisher:Kotler, Philip, Armstrong, Gary (gary M.)

Chapter1: Marketing: Creating Customer Value And Engagement

Section: Chapter Questions

Problem 1.1DQ

See similar textbooks

Similar questions

SWOT analysis is an acronym used to describe the four quadrants of Strengths, Weaknesses, Opportunities, and Threats for a specific company. SWOT chart is just the start of a strategic analysis, which can help to take a broader view of the company’s strategy. 1- Introduction: about the selected company 2- Write at least 4 Strengths of the internal environment 3- Write at least 4 Weaknesses of the internal environment 4- Write at least 4 Opportunities from the external environments 5- Write at least 4 Threats from the external environments 6- Suggest a strategy from the analysis Note (Company should be Omani, or working in Oman)
The SWOT is Select one: a. A business strategy used to summarise the key components of the company strategic environments b. A business or strategic planning technique used to outsource the key components of the company strategic environments. c. A business or strategic planning technique used to summarise the key components of the company strategic environments d. A business or strategic planning technique used to select the key resources of the company strategic environments.
SWOT analysis is a framework for analyzing the internal and external environment of a company. It consists of strengths, weaknesses, opportunities and threats. According to a SWOT analysis, which of the following is not an aspect that the company's strategy should follow? a. take advantage of their weaknesses b. remedy weaknesses or work around them c. take advantage of the opportunities presented by the environment d. protect the company from threats
Strategic leadership can also be defined as utilizing strategy in the management of employees. It usually requires the following with the exception of O a. a list of possible risks O b. a vision Oc. a mission O d. a set of goals strategy or plan Oe.
Une of the issues that Dan has been having with his department is ensuring that his employees completed their activities effectively and efficiently Which of the below factors should he use in order to ensure that he is effectively monitoring, comparing, and correcting work performance? 1. Give regular feedback It Be sure to focus all of his attention on the problem employees Create soft goals that allow followers to finish work whenever they want IV Ensure that the measurement of goals aligns with the organizational strategy OI, II, III, and IV OLI, and I Ol and IV O Just! O II and IV 4
21) It is the core executive team, CEO, COO, and CTO, that makes decisions on strategy. True or False? True False
The production department discusses the sales plan with the marketing department head and take their sales plans for the next one year. Based on this the production department planned the production of goods into a weekly basis so that the department can buy materials for a week and achieve weekly objectives of production. This way they planned for a year. Identify the most suitable option for the type of plan. O a. Contingency plan O b. Single use plan O c. Operational plan d. Strategic plan
Opportunities and threats are: a) identified as part of the firm's tactical planning process. b) factors that are external to the firm but can still affect its performance. C) factors that are internal to the firm and those over which the firm has a great deal of control. d) dealt with primarily in a firm's operational planning process.
Enterprise resource planning (ERP) represents: Select one: O a. The system that integrates only financial aspects of business activities. O b. The system that integrates financialespects of a company's operations with its traditional AIS. O C. The system that integrates only non-financial aspects of business activities. O d. The system that integrates financial data with non-financial operating data.
A strategy which is an outcome of detailed and deliberate planning is called ____ strategy whereas a strategy which is a result of the collective experience learning and day to day prioritisation decision of management is called ___ strategy emergent ,intended intended , emergent realised , intended none of the above
A SWOT analysis is a strategic planning tool that evaluates a company's competitive position in the marketplace. ) a) True () b) False
Why is consistency between strategic and tactical objectives important? a. Because they are develop simultaneously. b. Consistency is a key component of measurement. c. Consistency assures that tactics do not work against strategies. d. Because strategy naturally flows from tactics.