Management Looseleaf
8th Edition
ISBN: 9781259732652
Author: Angelo Kinicki, Brian K. Williams
Publisher: McGraw-Hill Education
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Chapter 5, Problem 7UTC
Summary Introduction
To determine:
Definition of SMART goals, meaning and implication of SMART goals
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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 Statement
This 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 Evaluation
Higher 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 objectives
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- This week’s assignment revisits the strategic initiative proposed in the Module 2 Critical Thinking assignment. What are the organization’s key processes? Given your strategic initiative, what processes must be done exceptionally well for the strategic initiative to succeed? Given these key processes, what metrics should be used to monitor the execution of these processes? (Key performance indicators typically include measures of customer satisfaction, internal process quality, employee satisfaction, and financial performance.) Monitoring processes and KPIs are part of the control process to achieve goals related to quality and efficiency. Policy creation also supports achieving goals and communicating expectations. For this assignment describe the organization. Then diagram and describe the organization’s value chain. Given the strategic initiative, identify key performance indicators (KPIs) per critical value chain section, explain how the KPI would be measured, describe or…arrow_forwardWhat is a standard deviation?arrow_forwardWhat are two stages to making decisions when using decision trees?arrow_forward
- What is the major challenge managers face in the next ten years?arrow_forwardPlease assist with the Capstone project: Topic: Study on the impact of technology in the work place.arrow_forwardManagement of diversity is important to a company's workers because: Question 14Answer a. Employees mainly learn about the differences among themselves b. Employees learn about the drawbacks of diversity c. Employees learn about the wealth that it brings to their company d. Employees learn about the class differences among themselvesarrow_forward
- Identify, in the correct order, the key steps which must be followed when developing a global strategy: a.Decide whether to globalize, where to globalize, how to globalize b. Decide whether to globalize, where to globalize, internationalize the core strategy c.Develop the core strategy, internationalize the core strategy, globalize the core strategy d.Develop the core strategy, locally market the core strategy, internalize the core strategyarrow_forwardThis structure is created around cross-functional core processes, with self-managed work teams, providing teams with the ability to think outside the box, and people being empowered with the necessary skills, tools and authority to make vital decisions a.Matrix structure b.Divisional structure c.Horizontal structure d.Functional structurearrow_forward_________________ are defined as forces that shape on organisation’s strategy a.Strategic Drivers b.Human Resources c.Strategic Leversarrow_forward
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