Chapter 6 – Formulating Strategy Multiple Choice Questions 1. The process by which a firm’s managers evaluate the future prospects of the firm and decide on appropriate strategies to achieve long-term objectives is called ____________. a. strategic planning (moderate‚ page 220) 2. The basic means by which a company competes—its choice of business in which to operate and the ways in which it differentiates itself from its competitors—is called its ____________. a. strategy (easy
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Strategic Management Evolution‚ 1985 – 2002: Controversies over Accounting Profitability Modern concept of Strategic Management started in the 50’s at Harvard Business School(Ghemawat‚ 2002; Hoskisson‚ Hitt‚ Wan‚ & Yiu‚ 1999). Even the first authors mentioned its basic ideas since the 30’s (Barnard‚ 1938)‚ the formalization of this new discipline is thanks to the work of Chandler (1962)‚ Ansoff (1965) and Andrews (1971). Since then‚ researchers had studied firms in order to understand their
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The strategic management process means defining the organization’s strategy. It is also defined as the process by which managers make a choice of a set of strategies for the organization that will enable it to achieve better performance. Strategic management is a continuous process that appraises the business and industries in which the organization is involved; appraises it’s competitors; and fixes goals to meet all the present and future competitor’s and then reassesses each strategy. Strategic
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Chapter 01 Strategic Management Multiple Choice Questions 1. (p. 3) Which of the following is an element of a firm’s remote external environment? A. Competition B. Suppliers C. Government agencies D. Economic and social conditions Difficulty: Easy Learning Objective: 1 2. (p. 3) Which of the following is NOT a part of a firm’s immediate external environment? A. Technological development B. Competitors C. Suppliers D. Government agencies Difficulty: Easy Learning
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[pic] Applied Strategic Management HONOURS DEGREE OF BACHELOR OF SCIENCE BUSINESS AND MANAGEMENT STUDIES Table of Contents Acknowledgement……………………………………………………………………....3 Executive Summary…………………………………………………………………….4 Project Outline…………………………………………………………………………...5 Industry Life Cycle……………………………………………………………………....7 Key Success Factors (Industry Matrix)……………………………………………….9 Industry Analysis (Porter’s Five Forces)…………………………………………….11 SWOT Analysis • Internal Factor Analysis Summary (IFAS)………………………………………14
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Task 4 19 References 23 Task 1a Business & strategy There is an old and famous story about an airplane in which the pilot came to the passenger in the flight and said there are two news that I want to announce. One is good and the other is bad which one I should tell first. Everybody in the flight said good news; pilot announced that they are ahead of schedule than people asked what about the bad news. He stood up and replied I do not know where we are going. It sounds ridiculous for a pilot
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entry point). Existing airlines may encroach on an opponent’s major or regional market-share. High cost of entry into industry Bargaining Power of Buyers – High – No or very low cost in switching airlines Bargaining Power of Suppliers – High – two key
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Strategic Management Project [pic] -2012- TABLE OF CONTENTS CHAPTER 1 3 Introduction 3 CHAPTER 2 4 General Description of the Company 4 2.1. Strategic Group of the Company and the Dynamics of the Industry Structure 5 2.2. Starbucks in Romania - Market Environment 6 CHAPTER 3 8 Organizational Purpose 8 3.1. Mission and Vision 8 3.2. Values and Objectives 9 CHAPTER 4 9 Diagnosing the Strategic Capabilities
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January 7‚ 2013 Basic elements in a strategy (resources that will be needed): 1. Time 2. Information (intel) 3. Power (manpower/materials/machines) – logistics Ex: decentralization Course objectives: * Develop a strategic frame of mind * Develop vision and mission statements and objectives * Formulate strategies * Identify critical issues * Manage organizational change and development * Identify and manage relevant ethical issues
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OVERVIEW | | 3.13.23.33.43.5 | What is organisational communication?What is social media?Role of social media in organisational communicationImplications of social mediaBest practices | | 4 | EMPIRICAL STUDY | | 4.14.2 | General informationSocial media and organisational communication | | 4.3 | Conclusion and Recommendations | | | List of sourcesAPPENDIX A | | | | | 1 EXECUTIVE SUMMARY This assignment provides a research and analysis of the role of social media in organisational
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