It serves as a future organisational roadmap by directly answering the question “What do we want to become?’ from an organisational standpoint. a. Vision statement b. Business Plan c. Strategic Plan d. Mission statement
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It serves as a future organisational roadmap by directly answering the question “What do we want to become?’ from an organisational standpoint.
a.
Vision statement
b.
Business Plan
c.
Strategic Plan
d.
Mission statement
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- A broad definition of an organisation's purpose is generally known as a(n) A) mission statement B) strategy C) annual budget D) operational plan Most companies today face in their external environment. A) no competition at all B) no change at all C) positive change D) dynamic changeOrganizations board statements describing where the organization want to be in the future is called? A. Strategic goals B. Tactical goals C. Strategic mission D. Strategic plansWhat business or organization that you believe effectively exemplifies the notion of "reimagining strategy? Address the following points: Describe the business Explain why you think this entity illustrates the notion of "reimagining strategy." Detail the recommendations you would make in the entity's strategy to create an even better business/corporate strategy Explain what other organizations (business, nonprofit, governmental) could benefit from in adopting the strategy used by the entity you have chosen. Explain how the second organization compares to the first organization you selected for in terms of effectiveness in reimagining strategy.
- 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 furm's operational planning process.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,The a description of an organization's values, definition of its responsibilities to stakeholders, and identification of its major strategies is known as a:A)business-level strategy.B)business model.C)mission statement.D)balanced scorecard.E)None of the above.
- The pattern of actions a company's management is using to achieve organizational objectives is referred to as its A) mission statement. B) business model. C) strategy. D) strategic vision. E) strategic intent.Below is the levels of organizational strategies and the decision-makers 1. Corporate Level: Chief Executive Order 2. Division Level Division President/Executive Vice President 3. Functional Level Finance, Marketing, R&D, Manufacturing, Information Systems and Human Resource Managers 4. Operational Level Plant managers, sales managers, production and department managers Scenario You and a group of enthusiastic colleagues have recently graduated from university, and are eagerly discussing a possible joint entrepreneurial venture, focusing on the production of environmentally friendly electric vehicles. To fund this new venture, the team has been advised to come up with a solid implementation plan, supported by the strategy implementation framework to include detailed information on the business concept, strategic vision, mission, revenue model, financial objectives, and projections and much more. The rising use of hybrid and environmentally friendly electric vehicles (EVs)…Below is the levels of organizational strategies and the decision-makers 1. Corporate Level: Chief Executive Order 2. Division Level Division President/Executive Vice President 3. Functional Level Finance, Marketing, R&D, Manufacturing, Information Systems and Human Resource Managers 4. Operational Level Plant managers, sales managers, production and department managers Scenario You and a group of enthusiastic colleagues have recently graduated from university, and are eagerly discussing a possible joint entrepreneurial venture, focusing on the production of environmentally friendly electric vehicles. To fund this new venture, the team has been advised to come up with a solid implementation plan, supported by the strategy implementation framework to include detailed information on the business concept, strategic vision, mission, revenue model, financial objectives, and projections and much more. The rising use of hybrid and environmentally friendly electric vehicles (EVs)…
- A company's strategy is developed to fit with the company's vision/mission and A) the company's technological capabilities. B) the company's business model. C) rivals' competitive actions. D) an analysis of the company's strategic situation. E) should emphasize ethics and social responsibility.6. Companies undertake strategic and possibly organizational change when: a. there are sharp changes in economic conditions that change competition within an industry b. there are changes in executive leadership c. the organization faces a threat to survival d. all of these are correctStrategic leadership can also be defined as utilizing strategy in the management of employees. It usually requires the following with the exception of O a. a list of possible risks O b. a vision Oc. a mission O d. a set of goals strategy or plan Oe.
