Which of the following defines what business or businesses the firm is in or should be in? a. National Strategy b. Corporate Strategy c. Business strategy d. Functional Strategy
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Which of the following defines what business or businesses the firm is in or should be in?
National Strategy
Corporate Strategy
Business strategy
Functional Strategy
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- Strategic 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.A manager has a clear knowledge of where the company needs to be at the end of the coming year and is in the process of identifying the goals that would lead the company to that desired position. Which stage of the strategic management process is being illustrated? A. Formulation B. Objectives C. Evaluation D. ImplementationIn one of the definitions used by Pearce and Robinson, Strategic management was described as the “art and science of formulating, implementing and evaluating cross-functional decisions aimed at achieving organizational goals”; Briefly discuss the context in which strategic management could be described as ‘an art’ and when it also could be described as ‘a science
- External assessment is performed in which of the strategic management phase? a. Strategy formulation stage b. Strategy implementation stage c. Strategy evaluation stage d. All of the given optionsIn one of the definitions used by Pearce and Robinson, Strategic management wasdescribed as the “art and science of formulating, implementing and evaluating crossfunctional decisions aimed at achieving organizational goals”; Briefly discuss the contextin which strategic management could be described as ‘an art’ and when it also could bedescribed as ‘a science’.Read the following statements and select if they are true or false. a. The achievement of economies of scope is the most important benefit of unrelated product diversification. True False b. In a related constrained diversification at least 95% of the revenues comes from a single business True False c. Unrelated diversification is when more than 70% of the revenues come from different business. True False d. In related linked diversification all businesses are linked. False True
- Considering the many different perspectives on what strategy is and how strategic planning should occur, which of the following is the best statement? Organizations cannot predict the future and thus should rely on a continuous, emerging strategy. Organizations should practice ‘strategic competence’ by focusing on what they’re best at. Organizations should pay particular attention to the resources they have when making strategic choices. Organizations should only concern themselves with leveraging their core competencies. Organizations should live their strategy on a daily basis.which of the following assumptions characterizes comprehensive planning? OA. There is a common public interest that can be identified by planners. B. Rational analysis can diagnose problems and develop strategies to address them. C. Each community is made up of different groups and interests, each with equally legitimate goals and values, and conflicts between them can only be resolved by the political process. O D. Planners can deploy their scientific expertise to identify public goals and objectives, analyze situations and diagnose problems, and propose appropriate responses. O E. A central general-government agency is empowered to implement the plan's proposl.Strategy formulation, implementation, and evaluation activities occur at the following hierarchical levels in a large organization to include: O a. Corporate, divisional or strategic business unit, and functional O b. Functional, horizontal and corporate O c. Functional, horizontal and divisional or strategic business unit Od. Corporate and functional
- 139) If a company has a small portion of the market share but the industry has market growth where would it fall, and what strategy it should follow under the BCG matrix? a) It would be a question mark and the corporate office should invest capital in this business because it is growing so that mean it will likely continue in the future b) It would be a question mark and the corporate office should decide what is best for their company, whether it be allocating more resources to invest in this business or divesting the business due to the low market share c) It would be a question mark and the corporate office should divest this business because of its low market share d) It would be a question mark and the corporate office should strategize an exit plan because the future is uncertain, so it is better to exit and invest in a more prIn a recent case study on strategic planning, a prominent company exemplified the pivotal role of thoughtful and forward-looking strategies in achieving sustained business growth. The company, faced with increasing competition and changing market dynamics, undertook a comprehensive strategic planning process to reassess its goals, identify potential opportunities, and mitigate potential risks. The planning phase involved a thorough analysis of market trends, customer needs, and technological advancements, leading to the formulation of a robust business strategy. Implementation of the strategic plan involved aligning the workforce, investing in technology upgrades, and forging strategic partnerships. The results were remarkable, as the company not only strengthened its market position but also achieved significant revenue growth, demonstrating the transformative power of effective strategic planning. Question: How can businesses strike a balance between the need for adaptability in a…The tools presented in the strategy formulation framework are applicable to all sizes and types of organizations and can help strategists identify, evaluate, and select strategies. Which of the below tools, used in the process, allows strategists to evaluate alternative strategies objectively based on previously identified external and internal critical success factors? a. SPACE Matrix b. Internal-External (IE) Matrix c. SWOT Analysis d. Quantitative Strategic Planning Matrix
