Strategic leadership can also be defined as utilizingstrategy in the management of employees. It usuallyrequires the following with the exception ofO a. a list of possible risksO b. a visionOc. a missionO d. a set of goalsstrategy or planOe. A vision states what the organization aspires tobecome in the future.A mission reflects the organization's past and presentby stating why the organization exists and what role itplays in society.A strategy has a plan to achieve the goals and morespecific aims that organizations pursue to reach theirvisions and missions. It also has a plan to deal withpossible challenges.A list of actions and steps that need to be done tomake the strategy a reality.The best goals are SMART: specific, measurable,achievable, realisc, and time-bound.TrueO a. FalseO b. True

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Answered: Strategic leadership can also be…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

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How to respond to this in 100 words? A SWOT matrix is a strategic planning tool that is used to evaluate the strengths, weaknesses, opportunities, and threats of an organization or a project (Parnell, 2017). It is a visual representation that consists of four quadrants, with each quadrant focusing on one aspect of the SWOT analysis. Strengths generally refer to the internal capabilities and resources that an organization possesses (Parnell, 2017)). These can include factors such as a strong brand image, a skilled workforce, advanced technology, or efficient processes (Puyt et al., 2020). Weaknesses, however, highlight the internal limitations and areas of improvement (Parnell, 2017). These can be areas where the organization lacks expertise, has limited financial resources, or is facing challenges such as high employee turnover (Puyt et al., 2020). Opportunities and threats are external factors that the organization has little or no control over, as they are external controls (Parnell,…
1. A plan of action or policy designed to achieve a major or overall aim is BEST identified as a: A. Vision B. Mission C. Strategy D. Strategic Management 2. According to Abell's Framework, a business can be best defined by examining all of the following EXCEPT: A. Customer needs B. Customer groups C. Technology D. External Factors 3. speaks to anything that a firm does especially well compared to rival firms. A. Competitive advantage B. Absolute advantage C. Comparative advantage D. Internal resources 4. Which of the following is an aspirational description of what an organization would like to achieve or accomplish in the mid-term or long-term future? A. Mission Statement B. Vision Statement C. Goal D. Objectives 5. Which of the following is a written declaration of an organization's core purpose and focus that normally remains unchanged over time? A. Mission Statement B. Vision Statement C. Goal D. Objectives 6. Which approach to competitive advantage advocates that external factors…
TRUE/FALSE. Write 'T' if the statement is true and 'F' if the statement is false. Several research studies have conclusively proven that planning organizations always outperform 1) non- planning organizations. Most businesses have only the single goal of making 2) The first step in the strategic management process is analyzing the external 3) When a firm integrates backward, it becomes its own 4) Directional plans are clearly defined and leave no room for 5) The first step in goal setting is to evaluate available 6) A trucking company that grows by purchasing a chain of gasoline stations is engaged in horizontal 7) integration. The final step in the strategic management process is implementing the 8) A strategy defines how a company is going to make 9) When conducting a SWOT analysis, threats are activities the…
1) Which of the following is NOT one of the components of building a capable organization? a. Staffing the organization b. Building core competencies c. Developing core strategies d. Matching the organization structure to strategy Select one: a. a b. b c. c d. d 2) In performing the strategic evaluation activities, strategic leaders and managers must take into consideration certain key characteristics to determine an effective strategy evaluation system (David, 2007). Which of the following is NOT one of the key characteristics? a. Accuracy in relation to adequate feedback. b. Evolution to re-start. c. Timely feedback for decision making. d. Meaningful to understand that strategy has a short-term and long-term focus. Select one: a. a b. b c. c d. d
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9.A manager has a clear knowledge of where the company needs to be at the end of the coming year and is in the process of identifying the goals that would lead the company to that desired position. Which stage of the strategic management process is being illustrated? A.Formulation B.Implementation C.Evaluation D.Objectives
Please explain and elaborate the things below: Planning is an essential capacity of the executives. Each capacity of the board depends on arranging. "Planning is the method involved with building up objectives and a reasonable game-plan for accomplishing these objectives." Separate Your Company's Goals. Track Your Goals' Progress. Focus on the Company's Goals. Fabricate Your Company's Support System. Stay Flexible With Your Company's Goals. Watch out for Your Company's End Goal. Acknowledge Your Company's Imperfections.
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Q1: Describe planning as a five-step process (with examples)Q2: Explain how managers use planning techniques to evaluate the opportunities and threats in the organization’s environment and formulate strategy. Q3: Differentiate among corporate-level, business-level, and functional-level strategies.Q4: Differentiate between programmed and nonprogrammed decisions, and explain whynonprogrammed decision making is a complex, uncertain process.

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Strategic leadership can also be defined as utilizing strategy in the management of employees. It usually requires the following with the exception of O a. a list of possible risks O b. a vision Oc. a mission O d. a set of goals Oe. a stratepy or plan