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Terms in this set (20)Which of the following statements about managing the task of implementing and executing strategy is false? Managements handling of the strategy implementation and execution process can be considered successful if the company's net profits are higher after the process is competed than they were before the process began The surest path to boosting company profitability quarter after quarter and year after year is for company managers to relentlessly pursue strategic outcomes that strengthen the company's market position with buyers and ideally produce a growing competitive advantage over rivals Effectively communicating the strategic vision to company personnel is important because the more a vision evokes positive support and excitement among company personnel, the greater its impact in terms of arousing a committed organizational effort and getting company personnel to move in a common direction business strategy, as distinct from corporate strategy, concerns the actions and approaches being employed to produce successful performance in one specific line of business A company's strategy is at full power only when its many pieces are united, cohesive, and mutually reinforcing, fitting together like a jigsaw puzzle. The primary role of functional area strategies is to add relevant details to the how's of a company's overall business strategy by specifying what actions, approaches, and practices will be employed in managing particular functions within a business Which of the following is not a common shortcoming of company vision statements? too focused on long-term revenue growth and profitability Which one of the following statements about the characteristics of a well-stated objective is false? well-stated objectives, should contain sufficient wiggle room to allow for the occurrence of unexpected circumstances that block achievement of the objective A company exhibits strategic intent when it relentlessly pursues an ambitious strategic objective, concentrating the full force of its resources and competitive actions on achieving that objective. Which one of the following is not one of the five task that comprise the strategy-making, strategy executing process? Developing a profitable business model A company's strategic vision concerns a company's long-term Direction and what product customer Market business mix seems optimal for the road ahead
Which of the following is the best example of a well-stated financial objective? Increase total profits by 10% annually Masterful strategies come from doing things differently from competitors where it counts—out-innovating them, being more efficient, adapting faster—rather than running with the herd. A company's values or core values concern: the beliefs, traits, and behavioral norms that company personnel are expected to display in conducting the company's business and pursuing its strategic vision and mission The primary roles/obligations of a company's board of directors in the strategy-making, strategy-executing process include critically appraising the company's direction, strategy and business approaches and evaluating the caliber of senior executives' strategy-making and strategy-executing skills Managerial jobs with strategic-making responsibility exist at many levels of the organizational structure of a large corporation when its operations cut access different products, industries, and geographical areas Which one of the following is not one of the external or internal considerations in deciding on a company's future direction? What actions should the company take to become a global leader and the first choice of customers in every market the company competes in? A company's strategy-making hierarchy typically involves three organizational levels in single-business companies and four organizational levels in multi-business or diversified companies The difference between a company's mission statement and the concept of strategic vision is that the strategic vision portray's a company's future direction (Where we are going) where a company's mission typically describes its present business and purpose (who we are, what we do, why were here) Which of the following is the best example of a well-stated strategic objective? Reduce production costs per unit by 10% within 12 months Sets with similar termsmanagement 401 test 133 terms smb108 MGMT CH 2 Quiz35 terms ckelien Module 2A & 2B Quiz17 terms croot17 Sets found in the same folderGBA 490 Test 1 - Chapter 148 terms jcsigman Strategy Chapter 928 terms jessicamart267 Chapter 11 Strategy 1/2/31 terms jessicamart267 MGMT Chapter 1260 terms sophia_miller63 Other sets by this creatorCost Accounting Test 234 terms amazingsaammyy1234 Cost Accounting Exam 135 terms amazingsaammyy1234 Accounting 102 Exam 37 terms amazingsaammyy1234 Accounting 102 Chapter 2,3,417 terms amazingsaammyy1234 Verified questions
ENGINEERING A car of mass 1775 kg travels with a velocity of 100 km/h. Find the kinetic energy. How High should the car be lifted in the standard gravitational field to have a potential energy that equals the kinetic energy? Verified answer
ENGINEERING Calculate the efficiency of the circuit of $V_{CC}=36\;\mathrm{V}$ and $P_{o}=2\;\mathrm{W}$ if the bias current is $I_{C_{Q}}=150\;\mathrm{mA}$. Verified answer
ENGINEERING An apple weighs 0.2 lbm and has a volume of 6 in.3 in a refrigerator at 38 F. What is the apple’s density? List three intensive and two extensive properties of the apple. Verified answer
ENGINEERING Determine the specific volume of the refrigerant-134a vapor at 0.9 MPa and 70$^\circ{}$C based on (a) the ideal-gas equation, (b) the generalized compressibility chart, and (c) data from tables. Also, determine the error involved in the first two cases. Verified answer Other Quizlet setsExam 3 Unit 5B-Pacemakers43 terms careforsomesoupp studies from prelim 133 terms mlosty Chapters 11,12,13,14 Bio Questions25 terms arohwede Specialty Equipment B727 terms maddiefaith98 Related questionsQUESTION What is an integrated bundle of expert knowledge and organizational skills inherent to a particular career field, which makes a disproportionate contribution to the success of providing the right skills needed for military operations? 3 answers QUESTION where is the stapes and what does it do? 6 answers QUESTION The Policy Coordinating Committees (PCC) are how many interagency committees established by National Security Presidential Directive (NSPD-1) to coordinate interagency national security policy issues? 7 answers QUESTION 6. A valid generalization about reform movements throughout United States history is 2 answers What is implementing and executing strategy?Implementation is preparation and putting elements of the strategy into place. Execution is the decisions made and activities performed throughout the company, with the objective of meeting goals outlined in the strategy.
What is necessary to understand in the managerial approach to implementing and executing strategy?The managerial approach to implementing and executing a strategy should always: be customized to fit the particulars of a company's situation.
In which of the following instances is the training and retraining of employees likely to make the least important contribution to good strategy execution?In which one of the following instances is the training and retraining of employees likely to make the least important contribution to good strategy execution? D) When the chosen strategy calls for deeper technological capability or building and using new capabilities.
What does a good strategy execution require?Good strategy execution requires a team effort. All managers have strategy-executing responsibility in their areas of authority, and all employees are active participants in the strategy execution process.
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Which of the following statements about managing the task of implementing and executing is false
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