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- Click and drag the term to correspond with its correct definition. Not all terms will be used. Technical skills Plan that translates general goals developed by strategic managers Conceptual skills into more specific objectives and activities. Plan that establishes alternate courses of action if existing plans are disrupted or become ineffective. Top management Plan that establishes organization's major goals and objectives and PMI allocates resources to achieve them. SWOT analysis Knowledge of and proficiency in completing specific tasks. Contingency plan Ability to see the organization as a whole and visualize how it fits into the broader environment. Middle management People within a company who are in charge of departments or groups but below those in charge of the whole company. Tactical plan Decision-making tool for weighing the pros and cons of a decision. Strategic plan The most senior staff of an organization; i.e., Vice President, CEO, Operational plan СОО. ResetWhich of the following is NOT a reasonable benefit of strategic planning? Group of answer choices Can lower costs Can replace the need for effective leadership. Can increase productivity. Can solve complex problemsWhich of the following is not part of the procedure for evaluating the pluses and minuses of a diversified company's strategy and deciding what actions to take to improve the company's performance? Copyright by Glo-Bus Software, Inc. Copying, distributing, or 3rd party website posting isexpressly prohibited and constitutes copyright violation. O Crafting new strategic moves to improve overall corporate performance Checking the company's present business lineup for both resource fit and cross-business strategic fits O Conducting a SWOT analysis of each business the company has diversified into O Ranking the performance prospects of the various businesses from best to worst and determining what the corporate parent's priorities should be in allocating resources to its various businesses O Assessing the attractiveness of the industries the company has diversified into, both individually and as a group
- 1. Which of the following heuristics can be used for unaided people making decisions involving multiple objectives? A. Availability heuristic. B. Lexicographic strategy. C. Elimination by aspects. D. Satisficing.he strategic management process is a. a set of activities that will assure a temporary advantage and average returns for the firm. b. a decision-making activity concerned with a firm’s internal resources, capabilities, and competencies, independent of the conditions in its external environment. 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. d. the full set of commitments, decisions, and actions required for the firm to achieve above-average returns and strategic competitiveness.1.Which of the following statements is incorrect about risk and risk management? a.Risk can be classified as either an opportunity or a threat. b.A risk management system can only be as good as the people manning it. c.Risk management should be performed by management accountants only. d.The risk management philosophy must be embedded in the company’s structure and culture. 2.Which of the following is not considered as a key to a successful strategic risk management? a.Top management support b.Covering all known risks in the existing risk management activities c.Updating and educating the board and top management d.Leverage existing resources 3.Which of the following is not considered as a limitation of strategic risk management? a.It requires specialized skills and capabilities in strategy and risk management b.It requires working beyond the silos in risk management c.It requires updating and educating the board and top management d. Strategy, risk assessment, and risk management…
- 88) Which of the following best describes what strategy implementation is from a behavior perspective? a) The Behavior and activities related to the implementation of a new software system. b) Those senior-level leadership behavior and activities that will transform a working plan into a concentrate reality. c) Those senior level activities that determine which compensation plan is used. d) Those activities that determine how elasticity of demand is transformed from a working plan to a business strategyWhich of the following descriptions about the organizational goal is not true? A: Using a single goal such as profit can lead to unethical behaviors by employees. B: Most organizations share the goal of making profits. C: Managers should communicate organizational goals clearly to the employees. D: A single goal is more effective than multiple goals for defining an organization's success.50. Which of the following is one of the advantages of ethical decision-making as a long-term business strategy?a. Ethical behavior will increase short-term profits.b. Ethical behavior will provide positive press opportunities.c. Ethical behavior can ensure positive employee relationships.d. Ethical behavior can provide significant competitive advantage.
- Match each of the following six steps of the basic model of Futures Studies with its correct description (6 marks) - A. B. C. D. E. F. Deciding the Focal Issue - A. B. C. D. E. F. Making alternative futures models - A. B. C. D. E. F. Considering Options, making strategies, and plans - A. B. C. D. E. F. Scan for the signals of change, systems, histories, trends - A. B. C. D. E. F. Implementing Roadmap / Plan - A. B. C. D. E. F. Choosing a preferred future A. Scanning B. Acting C. Forecasting D. Framing E. Visioning F. PlanningKindly choose the correct answer: 1. It is often reflected in an organization’s mission and vision statement * a. Business Attributes b. Business Plan c. Business Feature d. Business Driver 2. It is associated to the organization’s strategies, operational plans, and key elements considered critical to success * a. Business Plan b. Business Feature c. Business Driver d. Business Attributes 3. It is a key property of the strategic objectives that needs to be enabled or protected by the enterprise security program* a. Business Plan b. Business Feature c. Business Driver d. Business AttributesRevise the following according to the ideal characteristics of goals (FAST). Justify your answers well and provide context to your answers. a. I will double my monthly sales in real estate by 30 minutes of cold calling. b. Our organization will be the best it can be in the next 7 days. c. We will offer the most delicious roasted chicken in the Philippines. d. I will introduce a new product by next month.