Which of the following defines what business or businesses the firm is in or should be in? a. National Strategy b. Corporate Strategy c. Business strategy d. Functional Strategy

139) If a company has a small portion of the market share but the industry has market growth where would it fall, and what strategy it should follow under the BCG matrix? a) It would be a question mark and the corporate office should invest capital in this business because it is growing so that mean it will likely continue in the future b) It would be a question mark and the corporate office should decide what is best for their company, whether it be allocating more resources to invest in this business or divesting the business due to the low market share c) It would be a question mark and the corporate office should divest this business because of its low market share d) It would be a question mark and the corporate office should strategize an exit plan because the future is uncertain, so it is better to exit and invest in a more pr

In a recent case study on strategic planning, a prominent company exemplified the pivotal role of thoughtful and forward-looking strategies in achieving sustained business growth. The company, faced with increasing competition and changing market dynamics, undertook a comprehensive strategic planning process to reassess its goals, identify potential opportunities, and mitigate potential risks. The planning phase involved a thorough analysis of market trends, customer needs, and technological advancements, leading to the formulation of a robust business strategy. Implementation of the strategic plan involved aligning the workforce, investing in technology upgrades, and forging strategic partnerships. The results were remarkable, as the company not only strengthened its market position but also achieved significant revenue growth, demonstrating the transformative power of effective strategic planning.   Question: How can businesses strike a balance between the need for adaptability in a…

The tools presented in the strategy formulation framework are applicable to all sizes and types of organizations and can help strategists identify, evaluate, and select strategies. Which of the below tools, used in the process,  allows strategists to evaluate alternative strategies objectively based on previously identified external and internal critical success factors? a. SPACE Matrix b. Internal-External (IE) Matrix c. SWOT Analysis d. Quantitative Strategic Planning Matrix

181. In a five-year study, researchers Nohria, Joyce and Roberson conducted in-depth analysis of 160 companies and more than 200 management tools and techniques, such as customer relationship management and use of an intranet. What were their findings? That is, according to the researchers, how would a company exploit its competitive advantage to achieve superior business performance? 182. What is a sales response function? 183. List the three phases of the strategic marketing process and the output report for each. 184. List the three steps of the planning phase of the strategic marketing process. Briefly describe what goes on during each of the three steps. 185. List and explain two types of marketing plans. Ans: Long-range marketing plans cover marketing activities from two to five years into the future. Such plans are often directed at top-level executives and the board of directors. 186. Describe Porter’s framework and the four resulting generic business strategies. 187.…

What pricing strategy wouldyou propose for Glitzz? What costs and expenses would be involved? Given your recommended price, what would be the break-even point?

Determining an organization's objectives and deciding how to accomplish them is a management function known as: A) Near-shoring B) Staffing C) Crowdsourcing D) Planning. E) Factoring,

Is a strategic issue positive or negative?     Positive, because once the strategic issue is addressed, it becomes the focus point of the business     Positive, because the issue can be resolved and dealt with     Negative, because the issue cannot be resolved     Negative, because your company should not be having strategic issues     Positive, because as long you are strategic, it will work out.

One of the following statements about goals or objectives is NOT true. Seleccione una: a. GOALS and OBJECTIVES are basically synonyms in the strategic Management literature. b. GOALS and OBJECTIVES are basically synonyms in the English language c. Shorter-term Marketing Plans focus more on objectives than goals. d. In the literature about planning it is recommended that OBJECTIVES have numbers and dates (or time periods) e. GOALS are more general and longer term than OBJECTIVES (in the strategic management literature)