5 Written questions
5 Matching questions
- External Threats and Opportunities
- Functional Strategy
- Why are most SWOT Analyses not valid?
- a BCG Category of Business: Businesses with high growth and a strong competitive position require heavy investment
- b They don't segment the data and they are too generalized.
- c corporate strategy of a single business in a single industry
- d Industry profile
Legislation and regulatory activities
Social interest groups
- e Strategies that are implemented by each functional area of the business to support the business strategy.
Includes major functional areas like production, human resources, marketing, etc.
The last strategy to be developed
5 Multiple choice questions
- Effective managers must pay close attention to the group process
Appropriate leadership style
Constructive use of disagreement and conflict
Be the devil's advocate
Enhancement of creativity
- S- Strengths
- Evaluate advantages, disadvantages, and potential effects of each alternative goal and plan.
Prioritize the goals
Consider the costs of each initiative and the likely investment return.
- system to support managers in evaluating the organizations progress regarding its strategy and when discrepancies exist, taking corrective action.
- corporate strategy of expanding the domain into supply channels or distributors
5 True/False questions
Strategic Mission → An organization's basic purpose and scope of operations.
Clear and concise expression of the organization's basic purpose.
Standing plan → A set of procedures for making decisions about long term goals and strategies.
Concentric diversification → corporate strategy moving into new businesses that relate to the original core business.
Strategic goals → Evolve from the organization's mission and vision.
The steps and processes to achieve the mission and vision
Ways groups can hurt → Dominance by one
GROUP THINK - pressure to avoid disagreement - Bad things can happen (Challenger Space Shuttle)
Goal Displacement Lose site of original GOAL