Concept explainers
To critically think:
Being unattentive to what the listener is saying and trying to not be detected.
Introduction:
The same scenario is chosen as the example to prevail this activity;
I got a phone call one day by my dancing trainer, regarding an event coming up. I was asked if I could dance for the event, as I was part of that dance group from the outset. I accepted the invitation and pursued to take part in the respective practices set up building up to the event due date.
The catch of this invitation was that we had to travel for a long time in order to reach the destination where the event would be held. The entire dance group, including me prepared for two day trip (staying one night over). We took a 7 hour journey to the destination which was quite tiring but fun at the same time, as we all travelled with friends.
We reached our destination at night hours, so we were too tired to practice and therefore decided to call it a day and practice tomorrow. Thus, we woke up in the early morning hours and held a practice session before we went ahead for the light/dress rehearsal. We carried out a full rehearsal at the auditorium and came back to the residing hotel to get dressed. We changed into our costumes and got our makeup done and headed back to the auditorium for the event. After the event was over, we had to leave the same day as we didn’t book the hotel for two nights, and as a result we had to come back to the hotel and get changed instantaneously before leaving the destination. After a long day, we left the hotel at midnight and arrived back home in the early hours of the next day.
It was a tiring but even more exciting personal experience which I was able to take part in, and it would be locked away and cherished in my memories forever.
Want to see the full answer?
Check out a sample textbook solution
Chapter 13 Solutions
UNDERSTANDING MANAGEMENT EBK
- During the Decision Stage of the Strategy Formulation framework, the focus is upon generating feasible alternative strategies by aligning key external and internal factors. True or False? Question 47Select one: True Falsearrow_forwardWhich of the following is NOT a reason to outsource non-critical activities? Question 49Answer a. Lower costs b. Flatten organization strategy c. Increase competitive responsiveness d. Increase internal bureaucracies Clear my choicearrow_forward_____________ addresses changes within the internal and the external business environment, and can range from strikes to natural disasters, bereavement and other occurrences Question 50Answer a. Strategic Planning b. Contingency Planning c. Disaster Planning d. Organizational Planning Clear my choicearrow_forward
- _____________ is the name given to the firm investing in international operations Question 51Answer a. Host Company b. Global Company c. International Company d. Parent Company Clear my choicearrow_forwardWhich of the following tools are the most appropriate for analyzing the macro-environment? Question 53Answer a. SWOT analysis b. Value Chain Analysis c. Benchmarking d. PESTLE frameworkarrow_forward________________is called the “action stage” of strategic management. Question 48Answer a. Strategy management b. Strategy implementation c. Strategy evaluation d. Strategy formulationarrow_forward
- When evaluating an organization's strategy, it is important to note that corrective actions are almost always needed except when internal and external strategic positions have not changed. The basis of any review would require the redevelopment of a: ____________________________ Question 31Answer a. Value Chain Analysis b. SWOT Analysis c. EFE and IFE Matrix d. PESTLE Analysisarrow_forward___________________refers to the process of redesigning a vertical organisation along its horizontal workflows and processes. Rather than focusing on narrow jobs structured into distinct functional departments, they emphasise core processes that cut horizontally across the organisation and involve teams of employees working together to serve customers Question 23Answer a. Workforce Configuration b. Structural Reengineering c. Business Process Reengineering d. Horizontal Configurationarrow_forwardAlternative plans that can be put into effect during strategic evaluation if certain key events within the strategic plan do not occur as expected. Question 20Answer a. Contingency Plan b. Strategic Evaluation Plan c. None of the provided options d. Emergent Planarrow_forward
- Assuring results is an attainable habit of a strategic leader only if a strategic leader is intentional in developing high performing organisations. Strategic leaders must be intentional in this because they can shape the organisational culture, or the culture may ‘manage’ the leader. One way to do this is to ______________ Question 17Answer a. Develop a Strategic Leadership plan b. Develop a Strategic Implementation Plan c. Implore levers of change d. Develop a Vision Statementarrow_forwardThis stage of the strategic management process, provides a control loop in determining the successful implementation of corporate, competitive, functional and global strategies. It seeks to ascertain the nature of the change betweenplanned strategies and its resultant emergent strategies Question 16Answer a. Strategic Advantage b. Strategic Formulation c. Strategic Implementation d. Strategy Evaluationarrow_forwardHigher product quality than rivals, Superior on-time delivery, A bigger market share, are all examples of: Question 11Answer a. Financial objectives b. Competitive Advantage objectives c. Components of Mission Statement d. Strategic objectivesarrow_forward
Understanding Management (MindTap Course List)ManagementISBN:9781305502215Author:Richard L. Daft, Dorothy MarcicPublisher:Cengage Learning
Management, Loose-Leaf VersionManagementISBN:9781305969308Author:Richard L. DaftPublisher:South-Western College Pub
MarketingMarketingISBN:9780357033791Author:Pride, William MPublisher:South Western Educational Publishing