Which of the following defines what business or businesses the firm is in or should be in? O a. Business strategy O b. National Strategy O C. Functional Strategy O d. Corporate Strategy
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- The strategic management process is: a. A decision-making activity concerned with a firm’s internal resources, capabilities, and competencies, independent of the conditions in its external environment. b. The full set of commitments, decisions, and actions required for the firm to achieve above-average returns and strategic competitiveness. c. A process directed by top-management with input from other stakeholders that seeks to achieve above-average returns for investors through effective use of the organization’s resources. d. A set of activities that will assure a temporary advantage and average returns forthe firm.The basic objectives or goals of an organization are derived from its a. strategic plan. b. tactical plan. c. corporate strategy. d. mission statement. e. customer research.The major activity in strategic planning is and businesses that make up the company. whereby management evaluates the products a. breakeven analysis O b. business portfolio analysis c. prospecting O d. SWOT analysis O e. benchmarking here to search
- Kindly choose the correct answer: 1. It is often reflected in an organization’s mission and vision statement * a. Business Attributes b. Business Plan c. Business Feature d. Business Driver 2. It is associated to the organization’s strategies, operational plans, and key elements considered critical to success * a. Business Plan b. Business Feature c. Business Driver d. Business Attributes 3. It is a key property of the strategic objectives that needs to be enabled or protected by the enterprise security program* a. Business Plan b. Business Feature c. Business Driver d. Business AttributesWhich of the following is not part of the procedure for evaluating the pluses and minuses of a diversified company's strategy and deciding what actions to take to improve the company's performance? Copyright by Glo-Bus Software, Inc. Copying, distributing, or 3rd party website posting isexpressly prohibited and constitutes copyright violation. O Crafting new strategic moves to improve overall corporate performance Checking the company's present business lineup for both resource fit and cross-business strategic fits O Conducting a SWOT analysis of each business the company has diversified into O Ranking the performance prospects of the various businesses from best to worst and determining what the corporate parent's priorities should be in allocating resources to its various businesses O Assessing the attractiveness of the industries the company has diversified into, both individually and as a groupWhich of the following is NOT a reasonable benefit of strategic planning? Group of answer choices Can lower costs Can replace the need for effective leadership. Can increase productivity. Can solve complex problems
- Which of the following is a crucial aspect of strategic planning?a. It is a broad concept that consists of business and corporate strategy.b. It is an overall concept that consists of strategy formulation and implementation.c. It is a broad concept that consists of environmental and internal analysis.d. It is a general concept that consists of business inputs and outputs.Which of the following descriptions about the organizational goal is not true? A: Using a single goal such as profit can lead to unethical behaviors by employees. B: Most organizations share the goal of making profits. C: Managers should communicate organizational goals clearly to the employees. D: A single goal is more effective than multiple goals for defining an organization's success.General guidelines for making decisions or taking action in response to a particular event are known as? a. procedures b. regulation c. policies d. none of the above In organizations, effective planning typically involves: Select one: a. determining or revising the organization's mission and goals b. formulating strategy c. implementing strategy d. all of the above
- Match each of the following six steps of the basic model of Futures Studies with its correct description (6 marks) - A. B. C. D. E. F. Deciding the Focal Issue - A. B. C. D. E. F. Making alternative futures models - A. B. C. D. E. F. Considering Options, making strategies, and plans - A. B. C. D. E. F. Scan for the signals of change, systems, histories, trends - A. B. C. D. E. F. Implementing Roadmap / Plan - A. B. C. D. E. F. Choosing a preferred future A. Scanning B. Acting C. Forecasting D. Framing E. Visioning F. Planninghe strategic management process is a. a set of activities that will assure a temporary advantage and average returns for the firm. b. a decision-making activity concerned with a firm’s internal resources, capabilities, and competencies, independent of the conditions in its external environment. c. a process directed by top-management with input from other stakeholders that seeks to achieve above-average returns for investors through effective use of the organization’s resources. d. the full set of commitments, decisions, and actions required for the firm to achieve above-average returns and strategic competitiveness.An example of this process at work is the effort to introduce VOIP telephone service. Select one: a. Horizontal Marketing Strategy b. Vertical Marketing Strategy c. Beachhead Strategy d. Competitor Analysis Strategy The new technology typically differs from the old one in certain important ways. When it is first introduced, the new technology is usually superior to existing technology on key dimensions, such as quality, performance, or reliability. Select one: True False