the culmination of the strategic management process is:graphing linear inequalities worksheet

Learn more about how Pressbooks supports open publishing practices. Methods by which strategies are operationalized or executed within the organization; it focuses on the processes through which strategies are achieved. The strategic management process is. a. strategic mission. c. re-centralize the responsibility for strategy to the CEO. d. suggests that vision and mission are closely linked to sustainable competitive advantage, The goal of the organization's come. According to Hitt, the final responsibility for forming the organization's mission lies with the: A key purpose of a mission statement is to inform___ what a firm is, what it seeks to accomplish, and who it seeks to serve. symbiosis; zero sum. examples of each based on your own experiences. An assessment od strengths, weakness, opportunities and threats. b. television ______ innovation is a term used to describe how rapidly and consistently new, information-intensive technologies replace older ones. Consequently, executives must be careful to monitor and to interpret the events in their environment, to take appropriate actions when change is needed, and to monitor their performance to ensure that their firms are able to survive and, it is hoped, thrive over time. The three primary participants in corporate governance are the ______, management, and board of directors. d. hypercompetition. a. all resources have the potential to be the basis of sustainable competitive advantage. b. an important source of competitive advantage in virtually all industries. When managers refer to their organizational boundaries they mean both ______ and ______ boundaries. A retail outlet can attempt several remedies to improve profitability to meet the expectations of its ___ stakeholders, including closing stores, changing the top management team, and seeking potential buyers. d. the amount and speed of growth. c. Knowledge Study with Quizlet and memorize flashcards containing terms like . Therefore, organizational strategists must choose one or the other as the basis for developing a strategic plan. [1] Using the definition of strategic management above then, the strategic management process is "the coordinated means by which an organization achieves its goals and objectives.". A.$2,375. . c. the minimum required for survival in virtually any industry. c. economics. c. economies of scale Strategic management relies on a proven process comprising five key elements: goal-setting, information analysis, strategy formulation, strategy implementation and evaluation and control. a. the social energy that drives, or fails to drive, the organization. a. goal This pronouncement is most precisely a statement of organizational b. success, weakness, opportunities, and taxes. The rate of technology diffusion has been steadily increasing over the last two decades. 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. c. vision. c. Risk A firm has achieved ______ when it successfully formulates and implements a value-creating strategy. a. located only at the executive level. Strategic management can also be described as a bundle of decisions and acts which a manager undertakes and which determine the result of the business's performance. Greenleaf Property Management has been earning below-average returns for the last three years. SWOT stands for Definition. Strategy implementation is the final stage of the process. 5. emphasizes that it is difficult to develop and sustain a competitive advantage based on resources alone. Knowledge is composed of all of the following(expertise, information, intelligence) except: Which of the following statements about organizational knowledge is correct? Alfred Chandler, 1962. _________ strategy is a combination of deliberate and emergent strategies. Strategic planning also involves the allocation of resources in an optimal manner. All of the following are characteristics of the global economy except: the increased use of tariffs to protect industries. Establish your planning team and schedule. 1. Environmental Scanning 2. Analysis of the industry's profit pool enables strategic managers to The Princeton Alliance Church states in its website that "PAC exists to help you live life to the fullest by knowing God, developing community and bringing hope." a. emphasizes that it is difficult to develop and sustain a competitive advantage based on resources alone. local line leader -> have significant profit-and-loss responsibility. c. decisive. This is because the organization's role as a taxpayer is most important to as stakeholders. True/False, Resources are considered rare when they have no structural equivalent. Chapter 1 - The Strategic Management Process, Chapter 13: Sexually Transmitted Infections, Information Technology Project Management: Providing Measurable Organizational Value, Service Management: Operations, Strategy, and Information Technology, John David Jackson, Patricia Meglich, Robert Mathis, Sean Valentine, Chapter 10 /Dada/Magic Realism/Surrealism. innovationisatermusedtodescribehowrapidlyandconsistentlynewinformation from BADM 4801 at George Washington University d. Diffusion, provides the firm with new and up-to-date skill sets, which allow it to adapt to its environment as it encounters changes. c. the external environment is assumed to impose pressures and constraints that determine the strategies that result in above-average returns. (Check all that apply. a. operating each individual business under the corporate umbrella. Organizational goals and objectives should represent what is best for ______. Write the key term that best matches each description. True/False. Financial markets often place an emphasis on managers meeting ______ performance goals. (Michael, R, & Robert, 2009, p.6) Tiger Airways Australia was chosen as the object of study. Synthesizing the information gained in the external and internal analysis into a SWOT framework is addressed in Chapter 5. Strategic flexibility b. strategy implementation. It is important to emphasize that, primarily because they are related to how a firm interacts with its stakeholders, almost all strategic management process decisions have It's widely recognized as a key part of Strategic Portfolio Management (SPM) processes and tools, and while ultimately, it's about delivering the initiatives, it's not just blindly following a plan in the hope that you'll end up in the right place. a. unions. True/False, Organizational stakeholders are the firm's internal resources, capabilities, and core competencies that are used to accomplish what may appear to be unattainable goals in the competitive environment. (Check all that apply. The set processes involved in creating or determining the strategics of the organization; if focuses on the context of strategies. b. globalization; exports. . a. CEO. c. disruptive technologies. is a statement of a firm's business in which it intends to compete and the customers it intends to serve. Effective strategies Apple uses to create loyal customers. Typically, the formulation process starts with an assessment of available resources, an industry analysis to assess the competitive environment in which the company operates . It aims to be a preeminent centre of excellence, generating and imparting knowledge in . c. return on sales. ____has become the second-largest economy in the world. A capability The SWOT is then used to formulate the strategic issue(s) that the firm must deal with as it formulates strategies. Corporate-level strategy focuses on ______. It determines which business(es) should be in the company's portfolio. c. the key to earning above-average returns is strategic flexibility. one business-level strategy and one corporate-level strategy. Follow this guide to create and implement an effective strategic management plan: Clarify your vision. Defining strategic management is important to build a cohesive and sustainable business model. 1x1+x\frac{1\ -\ \sqrt{x}}{1\ +\ \sqrt{x}} ), what business(es) should the company compete in. c. core competence. Managers must take a(n) ______ view of the organization and assess how functional areas and activities fit together so that the organization can achieve its goals and objectives. a. the key factor in success is choosing the correct industry in which to compete. C ) rational . d. attractiveness; profitability. Match the strategic management process with its corresponding term. (Check all that apply.). Which of the following statements is most consistent with the I/O view? Although Alibaba is competing in the internet services industry, it has improved its performance by focusing on innovation and service diversification. strategic objectives. d. All of these options are correct. Managers must adopt a new mind-set that values conditions. Find the future value of an annuity due of $\$ 12.000$ annually for three years at $3\%$ annual interest. ______ analysis is the starting point of the strategic management process and includes the advanced work that must be done to effectively formulate and execute strategies. a. inspired. c. defining the competitors in the pool. The strategic management process is a six-step process that encompasses (covers) strategic planning, implementation, and evaluation. Retrieved from https://commons.wikimedia.org/wiki/File:Chapter_Layout_for_Strategic_Management.png. This ad seeks to convey a sense of the organization's to the viewers. Companies have realized that failure to measure it can negatively affect the company and its community. 97.A major assumption about the strategic management process is that it is: (A) inspired. The strategic leader's work is characterized by: ambiguous decision situations where the best course of action is not always easy to identify. Strategic management is directed toward a company's ______. Certainly, part of Apples success is due to the unique products it offers the market, as well as how these products complement one another. b. regardless of their location in the organization Strategic Goals: b. urgency of satisfying each stakeholder The ______ process consists of the analyses, decisions, and actions an organization undertakes in order to create and sustain competitive advantages. A ______ is an integrated and coordinated set of commitments and actions designed to exploit core competencies and gain a competitive advantage. A strategic management process can help guide the decisions and actions of senior executives within an organisation. Retrieved from https://flic.kr/p/bPNmxi. Authors: Tanya Sammut-Bonnici. What is the Strategic Management process? After executing the environmental analysis process, management . Chapter 3 Evaluating the External Environment examines the topic of evaluating the external environment in detail, and Chapter 4 Evaluating the Internal Environment presents concepts and tools for managing firm resources. (Check all that apply.). are established. vision. d. Organizational intelligence. 98.:A business-level strategy describes (A) the businesses in which the company intends to compete. $$ b. a decision-making activity concerned with a firm's internal resources, capabilities, and competencies, independent of the conditions in its external environment. c. strategy . a. major suppliers of capital b. focus on strategy formation. A strategy is typically a higher level, broad goal, without a lot of specifics. c. knowledge intensity.

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the culmination of the strategic management process is:
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