Crafting and Executing Strategy
22nd Edition
ISBN: 9781260157475
Author: Thompson
Publisher: MCG
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Chapter 2, Problem 4ALE
Summary Introduction
To prepare: Report of Company W said to investors about the approach based on strategy execution.
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Students have asked these similar questions
When doing a strategic analysis of a company's financial situation, it is important to take into consideration
A) only the financial situation of the focal company, without comparing it to competitors.
B) the footnotes in the financial statements that may reveal hidden risks and assumptions.
C) trends in the company's financial ratios and how they compare to industry figures
D) top management's rationalization for the company's past financial performance
E) how outside investors evaluate the company's financial health
The obligations of an investor-owned company's board of directors in the strategy-making, strategy-executing process include
A) taking the lead in developing the company's business model and strategic vision.
B) coming up with compelling strategy proposals to debate against those put forward by top management.
C) taking the lead in formulating the company's strategic plan but then delegating the task of implementing and executing the strategic plan to the company's CEO and other senior executives.
D) overseeing the company's financial accounting and financial reporting practices and setting CEO compensation.
E) approving the company's operating strategies, functional-area strategies, business strategy, and overall corporate strategy.
You work at a company whose primary product is a software program that caters to the restaurant industry by providing a basic CRM for reservations and operational logistics. The software uses some predictive data analytics, but, for the most part, does not leverage genAI. According to what we have learned so far, how would you begin to think about what your company's strategy should be in the next five years?
Group of answer choices
Research genAI and abandon the current software in favor of a genAI product that uses the current best-in-class tech, no matter the cost.
Immediately pursue sale of the company to a restaurant conglomerate.
Think about/map out internal and external factors that may affect the company, including potential threats to the industry (such as genAI) and company-specific sources of competitive advantage.
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