Understanding Business
Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
Bartleby Related Questions Icon

Related questions

Question

Below is the levels of organizational strategies and the decision-makers

1. Corporate  Level:

  • Chief Executive Order

2. Division Level

  •  Division President/Executive Vice President

3. Functional Level

  • Finance, Marketing, R&D, Manufacturing, Information Systems and Human Resource Managers

4. Operational Level

 Plant managers, sales managers, production and department managers

Scenario 

You and a group of enthusiastic colleagues have recently graduated from university, and are

eagerly discussing a possible joint entrepreneurial venture, focusing on the production of

environmentally friendly electric vehicles. To fund this new venture, the team has been advised to

come up with a solid implementation plan, supported by the strategy implementation framework

to include detailed information on the business concept, strategic vision, mission, revenue model,

financial objectives, and projections and much more. The rising use of hybrid and environmentally

friendly electric vehicles (EVs) represents a significant shift in the automotive industry, with

various factors contributing to its increasing popularity, environmental awareness and climate

change concerns topping the list. Considering how competitive the business sector is today, it is

important that you also consider various alternative organizational strategies, as well as develop a

sustainable competitive advantage, to remain financially viable. 

 

Requirement:

Being a start-up company, identify the key levels of organizational strategies,  discussed in the course (see above) that your team should focus on. 

  • Identify the decision-makers throughout the organizational levels.
  • tailor the responsibilities of decision-makers at each organizational level to be more closely related to the scenario of starting a venture in environmentally friendly electric vehicles:
Expert Solution
Check Mark
Knowledge Booster
Background pattern image
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Understanding Business
Management
ISBN:9781259929434
Author:William Nickels
Publisher:McGraw-Hill Education
Text book image
Management (14th Edition)
Management
ISBN:9780134527604
Author:Stephen P. Robbins, Mary A. Coulter
Publisher:PEARSON
Text book image
Spreadsheet Modeling & Decision Analysis: A Pract...
Management
ISBN:9781305947412
Author:Cliff Ragsdale
Publisher:Cengage Learning
Text book image
Management Information Systems: Managing The Digi...
Management
ISBN:9780135191798
Author:Kenneth C. Laudon, Jane P. Laudon
Publisher:PEARSON
Text book image
Business Essentials (12th Edition) (What's New in...
Management
ISBN:9780134728391
Author:Ronald J. Ebert, Ricky W. Griffin
Publisher:PEARSON
Text book image
Fundamentals of Management (10th Edition)
Management
ISBN:9780134237473
Author:Stephen P. Robbins, Mary A. Coulter, David A. De Cenzo
Publisher:PEARSON