Good strategy + good strategy execution = good management. True False Explain.
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Good strategy + good strategy execution = good management. True False Explain.
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- John is CFO at a venture-backed tech start-up with revenues of $20 million andapproximately 80 employees. He has worked at the company for several years, andnow reports to Ralph, the company's newly hired CEO.The company had been doing really well, but recently big customers have been placingfewer orders and Ralph is feeling pressure to show growth. This pressure is amplifiedbecause the company is venture-backed, and the investors expect results. While thecompany did well in the first round of funding, if they don't perform now, they may havetrouble with gaining sufficient funding in the second round, which could mean the endof the company.All of this was on John's mind when Ralph came to him about recording a major orderthat was still under negotiation. The deal had not gone through, although both partiesexpected to complete the deal in the next week. With the current quarter ending in thenext few days, including this order would give a significant boost to the company'sfinancial…Put this in other words. Analyze, explain and elaborate. The battlefield of business is fierce, and here, knowledge is undeniably power. Predictive analytics dons the mantle of a spy, infiltrating the strategies of rivals. By analyzing market trends and discerning competitors' moves, organizations gain a tactical edge. This invaluable intelligence fuels the formulation of strategies that tilt the balance of competition.Due to Covid-19 many organizations worked hard to continue serving the same clients by offering the same product or service, maintaining market share, and sustaining the organization's current business operations, these organizations followed a ________ strategy. stability turnaround renewal growth retrenchment
- 1) Strategic planning sometimes refers to strategy formulation. * True False 2) Intuition is based on past experiences and certainty. * True False 3) A firm evaluating the appropriateness of its business and the latest technological tools is considered as a firm adapting to change. * True False 4) CEO, president, and owner of a firm are also known as strategists. * True False 5) In order to evaluate internal and external factors, some parameters such as numbers, percentages, ratios, and quantification should be used. * True False 6) Policies refer to the means through which strategies will be attained. * True FalseGive explaination for answer and give summary at lastSHORT ANSWER If you were a business owner, which of these goals might you be able to accomplish using the framework of Theory Z or Theories X and Y? Could you use Theory Z to work on one goal and use Theories X and Y to work on another goal, thereby accomplishing two goals with these theories by using a different approach on each of the two goals? Goal 1: Improve quality of a product or service. Goal 2: Improve employee collaboration. Goal 3: Foster decision making skills in the workforce. Goal 4: Develop and maintain a successful workforce in a global environment. Goal 5: Develop strong leadership in the work place. Goal 6: Foster adherence to organizational values, ethics, and professional responsibility.
- Title: Choosing the Right Form of Business for a Digital Start-upIntroduction: Nadia is an aspiring and driven entrepreneur with a passion for the digitalworld and she has an innovative idea for a new mobile app. She wants to establish her digitaltechnology start-up, but she's unsure about the most suitable form of business for her venture.Nadia's app, called "Edu Spot," aims to revolutionize the way people manage, track andcomplete their courses and assignments during university. She has conducted marketresearch, developed a business plan, and is now ready to formalize her business structure.Options for Business Forms:1. Sole Proprietorship: Nadia could choose to operate as a sole proprietor. This is thesimplest and least expensive form of business to establish. However, she would haveunlimited personal liability for the business's debts and obligations.2. Partnership: Nadia could partner with a friend Tom, who has complementary skillsand resources . They would share profits, losses,…Based on what is ideal such as from books, literatures, published articles, and from the principles of our module, evaluate which of the following statements are correct? Statement 1: The vision, mission and goals (VMGs) of the firm are intended for display and brand imaging while on the other hand, the planning phase reflects the current aspiration of the executives. Statement 2: When executives direct a decentralized firm, they keep the plans only for themselves and share only to those whom they like. Statement 3: Employees are generally intrinsically motivated therefore there is no need to establish programs for appreciations, rewards and merits. Statement 4: Controlling is ensuring that unlikeable employees will not partake in the activities and functions of the firm. Statement 5: Decision-making are only for executives and other stakeholders may not necessarily participate or to be considered in a decentralized firm. a. All b. 1, 2 and 3 c. 2, 3 and 4 d. 3, 4 and 5 e. 1, 3 and 5…Directions: Answer the following: 1. Explain the meaning of a business plan. 2. Discuss the goals of a business plan. 3. Describe the reasons for developing a business plan. 4. Explain the essential elements of a business plan.
