The ________ management level performs ________ planning to determine the major goals of the organization. Select one: a. Lower, operational b. Middle, intermediate c. Top, strategic
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- Mr. Khalid is the new general manager of ABC Company and he is planning to classify the organization into different departments such as production, selling and financing. What pattern of departmentation Mr. Khalid is planning in the given situation? a. Combination of both functional and divisional b. Departmentation by functions c. Departmentation by Product or Services d. Divisional structure1.The description of how different levels and employees in the organization must perform for the organization to achieve its goals is a:A)business-level strategy.B)business model.C)mission statement.D)balanced scorecard.E)None of the above. 2.Which of the following statements regarding multiple measures or a single measure of performance is not correct?A)The advantage of using branch profits to evaluate branch mangers is that profit is relatively simple to compute and reflects the organization's ultimate goal.B)The use of multiple measures can influence branch managers' decisions by changing the components of the performance measurement system to reflect changes in the firm's strategy.C)If the branch managers are more knowledgeable than the corporate staff about local conditions and what local clients value, a single measure could be preferable.D)If the corporate office has better knowledge of what it requires to operate a profitable branch, using multiple measures provides a way to…12. Define the seven steps in the strategic planning process: a. Organizational mission: b. Strategic business units: c. Marketing objectives: d. Situational analysis: e. Marketing strategy: f. Tactical plans: g. Results:
- There are so many avenues through which the concepts of strategic management could be appliedin real life.Required: a. With reference to the business model canvas, illustrate how thenine (9) elements interact in ascertaining how a business can sustainably generaterevenues. b. Using an organization of your choice, practically demonstrate your understanding of theorganization’s business model.Most companies' goals can be classified as either ________ or ________. Select one: a. social; economic b. strategic; operational c. operational; tactical d. strategic; financial‘Business strategy produces long-term plans for the business, taking into consideration plans and possible actions of competitors, the main objective being to position the firm so it has a competitive advantage... If management accounting is to play this role in strategic management, it must provide managers not only with internal, financial information, but also with information, both financial and non-financial, about the environment in which the firm is operating: strategic management accounting’ (Lord, 2007, p.135). Discuss the previous statement, taking in to consideration the following perspectives: b)The appropriateness of the new performance evaluation techniques (such as balanced scorecard and strategic management accounting techniques) to the strategic management accounting objectives in comparison to the traditional performance measures. * please help me to answer this question in details, thanks
- The major functions of management are A. strategic management and long-range planning B. planning and decision making C. identifying threats and opportunities for the firm D. all of the aboveA. Describe the features of extended enterprises?B. Discuss the need for IS planning?C. Identify the objectives of IS planning?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.
- All of the following is related to the planning function of management except: O a. Budgeting O b. None of the given answers O c. Establishing goals O d. Performance reports е. Future orientedThe 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.Step in planning that involves the formulation of assumption on what is happening in the environment. a. Developing Premises b. Being Aware on opportunities and strengths c. Determining Course of Actions d. Establishing objectives and goals