In a single-business enterprise, the corporate and business levels of strategy-making merge into one level – business strategy – because the strategy for the whole organisation involves only one distinct line of business. Select one: True False
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In a single-business enterprise, the corporate and business levels of strategy-making merge into one level – business strategy – because the strategy for the whole organisation involves only one distinct line of business.
Select one:
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- Strategy formulation focuses on effectiveness, whereas strategy implementation focuses on efficiency. Which is more important—effectiveness or efficiency? Give an example of each concept and explain your answer.can you please explain according to generic business strategy models, which one is most appropriate for this case and explainAmy's Drive-Thru, a fast-food facility, offers healthy, sustainably grown veggie and vegan fast food at higher prices than its competitors in the market and has a drive-through and indoor seated casual dining operation. What strategy is Amy's Drive-Thru using to gain competitive advantage? O a low-cost provider strategy O a broad differentiation strategy O a focused low-cost strategy O a best-cost provider strategy O a differentiation strategy
- An 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.Who is responsible for strategy implementation? Four types of rolesWhat is the purpose, advantages, and disadvantages of each of the following matrices: SWOT- Strength, Weaknesses, Opportunities, & Threats SPACE- Strategic Position and Action Evaluation (not covered in class; do your research and reading to find out what it is) BCG- Boston Consulting Group IE- Internal/External GS- Grand Strategy QSPM- Quantitative Strategic Planning Matrix Which do you think is/are the strongest of these? Why?
- consider the idea of an organization being mission-driven or purpose-driven. Overall, do you feel that it is beneficial for an organization to base its strategy on such an idea? Why or why not? If so, are there any negatives or compromises that organizations might need to consider?Identify and discuss the purpose and benefit of closely aligning the corporate culture with the requirements for proficient strategy execution?Considering the many different perspectives on what strategy is and how strategic planning should occur, which of the following is the best statement? Organizations cannot predict the future and thus should rely on a continuous, emerging strategy. Organizations should practice ‘strategic competence’ by focusing on what they’re best at. Organizations should pay particular attention to the resources they have when making strategic choices. Organizations should only concern themselves with leveraging their core competencies. Organizations should live their strategy on a daily basis.
- A Strategy Map is an excellent tool to showcase the inter-connectedness of all the elements that make up a good corporate strategy. Pick ANY industry you are familiar with and illustrate the use of a Strategy Map in assisting management achieve a business objective.What are the differences between "incremental" and "revolutionary" strategies, as well as "intended" and "actual" strategies? Do you think one is more valuable than the other? If so, why? Have you considered what the barriers to strategic planning are? What might those challenges be in your sphere? How can an organization overcome barriers to strategic planning?If a company has $1 million to spend on a new strategy and is considering market development versus product development, what determining factors would be most important to consider? Could a firm simultaneously pursue focus, differentiation, and cost leadership?Should firms do that? Discuss