Principles of Information Systems, Loose-Leaf Version
Principles of Information Systems, Loose-Leaf Version
13th Edition
ISBN: 9781305971820
Author: Ralph Stair, George Reynolds
Publisher: Course Technology
Question
Book Icon
Chapter 11, Problem 4RQ
Program Plan Intro

Strategic planning:

  • It denotes a process that would help managers for identifying anticipated outcomes as well as formulates plans for achieving objectives.
  • It uses the capabilities and resources that are available.
  • The changing nature of organization and surroundings should be considered.
  • It offers a framework and a direction that is clearly defined for guiding decision making at every levels.
  •  It ensures most effective usage by focusing resources based on priorities.
  • It enables organization to be proactive and yields advantage from opportunities as well as trends.
  • It enables all units to work organized toward a common goal.
  • It provides measures to evaluate performances.
  • It advances communication among the organization.

Blurred answer
Students have asked these similar questions
2. Find three examples of firms that pioneered a new product in a new market and were able to achieve long-run success based on that entry. Find three examples of firms that were not the pioneers but entered later to eventually overtake the pioneer as market leader. In your opinion, why were the successful pioneers successful, and why were the unsuccessful ones unsuccessful?
The board of directors of a company decides that senior management has to be rewarded in order to achieve the company's objectives. The board of directors selects whether or not to award bonuses based on growth in share value at the end of each fiscal year. Bonuses will be given in shares, which the managers can keep or sell on the open market. What are the ramifications of implementing a bonus system like this?
There are three (3) sorts of international strategies: multi-domestic, global, and transnational. 1. Conduct a strategy review to decide which strategy a local business in your country should use to join an international market. The name of the local company should be provided, as well as the market into which they intend to join. 2. Discuss two (2) possible advantages and two (2) downsides of the proposed method.

Chapter 11 Solutions

Principles of Information Systems, Loose-Leaf Version

Knowledge Booster
Background pattern image
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Principles of Information Systems (MindTap Course...
Computer Science
ISBN:9781305971776
Author:Ralph Stair, George Reynolds
Publisher:Cengage Learning
Text book image
Principles of Information Systems (MindTap Course...
Computer Science
ISBN:9781285867168
Author:Ralph Stair, George Reynolds
Publisher:Cengage Learning
Text book image
Fundamentals of Information Systems
Computer Science
ISBN:9781305082168
Author:Ralph Stair, George Reynolds
Publisher:Cengage Learning
Text book image
Information Technology Project Management
Computer Science
ISBN:9781337101356
Author:Kathy Schwalbe
Publisher:Cengage Learning
Text book image
Information Technology Project Management
Computer Science
ISBN:9781285452340
Author:Kathy Schwalbe
Publisher:Cengage Learning