The basic objectives or goals of an organization are derived from its a. standard operating procedures b.supervisory management strategy c.operational plans d.strategic planning process
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- 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.All of the following are functions of management except Select one: a. Controlling b. Leading c. Financing d. PlanningIn the strategic management process, step 4 (formulating strategies) requires that strategies be established for the A) corporate level B) business level C) functional level D) corporate and business levels E) corporate, business and functional levels
- 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 goalsEnterprise 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.An organization's strategic plan includes its why, where and how for its purpose represented by opportunities, strengths and weaknesses. opportunities, strengths, and mission. mission, strengths, and strategy. mission, vision, and strategy.
- a. Explain the Bonia Company of evaluation and control. b. Explain the Bonia Company is the Current Information System Capable of Providing Sufficient Feedback on Implementation Activities and Performance? Can It Measure Strategic Factors? c. Explain the Bonia Company are Adequate Control Measures in Place to Ensure Conformance with the Recommended Strategic Plan?The planning process starts with: strategic planning. a formal mission that defines the organization's purpose. controlling performance. operational planning. tactical planning.Explain Korey's model that consist of three discrete major phases: (1) preliminary analysis phase, (2) strategic planning phase, (3) strategic management phase
- Business Performance Management (BPM) can be seen to be the convergence of Corporate Strategic Planning and Business Intelligence (BI). a) Provide an overview of the key steps within a Corporate Strategic Planning process, identifying any strategic planning techniques that could be employed. b) Describe a suitable BI system that could be used directly by a senior manager to monitor company progress towards achievement of its corporate strategic plan.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 threatsDescribe how a company’s mission statement and objectives affect the way management plans its business portfolio with an example