Firms choose between following an emergent strategy or a deliberate strategy. True or false
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Firms choose between following an emergent strategy or a deliberate strategy.
True or false
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- 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? Select one: True FalseTrue or False? The competitive intelligence system of a firm supplies key information to relevant decision makers about the firm's competitors.The final stage in strategic management is strategy implementation. Select one: True False
- Describe the role of scenario planning in long-term strategic decision-making for businesses, and provide examples of companies that have successfully utilized this approach.The macroenvironment consists of the factors close to the company that affect its ability to serve its customers, such as suppliers, customer markets, competitors, and publics Select one: True FalseAn organization's strategic plan includes its why, where and how for its purpose represented by opportunities, strengths and weaknesses. opportunities, strengths, and mission. mission, strengths, and strategy. mission, vision, and strategy.
- Having a well-established business processes serves which of the following strategy? Meet the budget Forecast the future Strategic orientation Create a new future thank youAn objective, logical, systematic approach for making major decisions in an organization is a way to describe the strategic-management process Select one: True FalseBy taking one company say a bank as an example, develop a strategy for the company . While developing the strategy plan for the selected plan, the strategy plan need to have the three phases of strategic plan namely Strategy Formulation, Strategy Implementation and Strategy Evaluation.
- In your own point of view, what are the characteristics of a good decision in terms of organizational profitability and sustainability28 When managers make decisions that are objective and for the best interest of the firm instead himself/herself, they are following the concept of A) escalation of commitment B) bounded rational decision making C) rational decision making D) intuitive decision making E) none of the abovewhat member of an organization ensures the completion of the strategic goals