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strategic management

Authored by liezell RIoflorido

English

University

Used 7+ times

strategic management
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24 questions

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1.

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1 min • 1 pt

includes the comparison of the threats and opportunities of the organization in the external business environment. 

Can be affected by factors like government rules and regulations, the economy, social changes, change in customer preferences, technological advancement, competition, and other environmental factors.

2.

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1 min • 1 pt

The outcomes of the planned functions and it should lead to the fulfillment of the company's mission.

3.

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1 min • 1 pt

Broad master plan expressing how a company will accomplish its mission and objectives.

4.

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1 min • 1 pt

A comprehensive guideline for making decisions linking the formation and implementation of a strategy.

5.

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1 min • 1 pt

Taking action in order to attain the goals of the organization.  It requires organizing all the available and necessary resources to put the strategy into action.

6.

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1 min • 1 pt

It requires an evaluation of the strategy to ascertain whether the actual outcome matches the expected outcome of the organizational goals.  The company can decide to take different corrective actions to control the shortcomings (if any) and help the strategy to meet the desired organizational goals and objectives.

7.

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1 min • 1 pt

Gives a picture about what an organization must get into immediately to maximize opportunities and overcome threats.  Helps management to emphasize and concentrate on priorities that can influence an organization's resource potential and core competencies to achieve what may seem unachievable goals given its competitive environment

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