Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
expand_more
expand_more
format_list_bulleted
Question
In developing and implementing IT, the study team and steering committee must consider organizational goals. These include:
a. General, operating management, and technical goals
b. General, technical, and top management goals
c. Top management, operating management, and general systems goals
d. Top management, operating management, and economic goals
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by stepSolved in 3 steps
Knowledge Booster
Similar questions
- When developing plans to meet organisation and customer needs what are six reasons for presenting the outcome of the planning process to appropriate persons in the organisation and obtaining their feedback.arrow_forwardEffective planning is a crucial aspect of achieving success in various facets of life, be it in personal endeavors, professional projects, or long-term goals. Planning involves the systematic organization of ideas, resources, and actions to ensure a clear roadmap towards the desired outcome. It requires a careful consideration of the objectives, available resources, potential obstacles, and the most efficient means to overcome them. Whether it's a business strategy, an academic pursuit, or a personal development plan, a well-thought- out plan serves as a guiding framework that enhances productivity, minimizes uncertainties, and fosters a sense of direction. In business, planning involves market analysis, financial forecasting, and operational strategies to optimize efficiency and achieve sustainable growth. Similarly, in academics, students benefit from planning their study schedules, setting realistic goals, and allocating time for research, ensuring a structured approach to…arrow_forwardFor the assignment purposes, students are required to develop a comprehensive business plan that imbibes the essence of innovation and entrepreneurship. While developing the business plan students are required to keep the following points in mind: Choice of product or serviceIdentification of market gapMarket and environmental scanning and analysis.Competitor analysisConsideration of Innovation and industry life cycleForecasting toolsChallenges and suggestions to address if foundarrow_forward
- Manny is the Marketing Director for a children’s clothing line. He recently met with his boss, the Chief Marketing Officer, who walked him through the company’s new five-year strategic plan and the specific goals for his department. To evaluate whether goals were met, Manny must develop a list of “success metrics” and measure those throughout the course of the year and develop remediation plans if goals get off track. Manny’s work is an example of which of the functions of management? a. Controllingb. Leadingc. Organizingd. Planninge. None of the abovearrow_forwardAccording to the AFI Framework, Corporate Governance and Organizational Design are two main topics that a strategist would need to understand during the implementation phase. TRUE or FALSEarrow_forwardDiscuss the role of organizational vision and mission statements in the planning process and how they guide the overall direction and decision-making within an organization.arrow_forward
- 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)…arrow_forwardYou are the laboratory manager of a medium-sized 120-bed hospital and are called to a hospital leadership meeting by the CEO of the facility. You are told that the hospital is having problems meeting some debt responsibility and there is a possibility that budgetary cutbacks will be needed to alleviate the situation. Each departmental manager is being given one week to plan how to accomplish a cost reduction of 10% within his/her department, should it become necessary. You are also told that this situation is highly confidential because it is not yet known whether the cost reduction will be needed. Identify the steps in developing short-term goals to address the potential reduction in resources described above.arrow_forwardOpportunities 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.arrow_forward
- Keep in mind that you are acting in the role of the Strategic Management Consultant, whose job is to recommend based on your knowledge and expertise, suitable and appropriate recommendations to Management. Be convincing, use supporting examples of where your recommendations have been used before. Justify, Justify, Justify! Scenario: Maria is considering operating a local business in the beauty and cosmetology sector in the island of Trinidad. She has completed research into the operations of similar businesses locally and intends to market and sell her products initially at the local level, with the possibility of extending at the regional level in the near future. Maria understands that to shape the business’s overall strategy there are various strategic drivers both internally and externally which must be considered and wants expert advice on these drivers relevant to her business. She is also struggling with deciding on the best structure for the organization, as well as the…arrow_forwardWhat are strategic, tactical and operational plans in organizational goal planning?arrow_forwardStrategic 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.arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Understanding BusinessManagementISBN:9781259929434Author:William NickelsPublisher:McGraw-Hill EducationManagement (14th Edition)ManagementISBN:9780134527604Author:Stephen P. Robbins, Mary A. CoulterPublisher:PEARSONSpreadsheet Modeling & Decision Analysis: A Pract...ManagementISBN:9781305947412Author:Cliff RagsdalePublisher:Cengage Learning
- Management Information Systems: Managing The Digi...ManagementISBN:9780135191798Author:Kenneth C. Laudon, Jane P. LaudonPublisher:PEARSONBusiness Essentials (12th Edition) (What's New in...ManagementISBN:9780134728391Author:Ronald J. Ebert, Ricky W. GriffinPublisher:PEARSONFundamentals of Management (10th Edition)ManagementISBN:9780134237473Author:Stephen P. Robbins, Mary A. Coulter, David A. De CenzoPublisher:PEARSON
Understanding Business
Management
ISBN:9781259929434
Author:William Nickels
Publisher:McGraw-Hill Education
Management (14th Edition)
Management
ISBN:9780134527604
Author:Stephen P. Robbins, Mary A. Coulter
Publisher:PEARSON
Spreadsheet Modeling & Decision Analysis: A Pract...
Management
ISBN:9781305947412
Author:Cliff Ragsdale
Publisher:Cengage Learning
Management Information Systems: Managing The Digi...
Management
ISBN:9780135191798
Author:Kenneth C. Laudon, Jane P. Laudon
Publisher:PEARSON
Business Essentials (12th Edition) (What's New in...
Management
ISBN:9780134728391
Author:Ronald J. Ebert, Ricky W. Griffin
Publisher:PEARSON
Fundamentals of Management (10th Edition)
Management
ISBN:9780134237473
Author:Stephen P. Robbins, Mary A. Coulter, David A. De Cenzo
Publisher:PEARSON