MGT-6370A - Strategic Management oed answer key

Showing 121 to 138 of 138 total answers.

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Awesome StudentQuestion • Strategic Management

Some firms do not do strategic planning because some may think that if a firm is successful, individuals may feel there is no

Answer

TRUE

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Awesome StudentQuestion • Strategic Management

Thistakes Strategic Intent to an all-together new level by including the employee'semotions with the organization aspirations.

Answer

Sense of Destiny

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Awesome StudentQuestion • Strategic Management

A policy is what is, or what is not done. While a strategy is themethodology used to achieve a target as prescribed by a policy.

Answer

TRUE

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Awesome StudentQuestion • Strategic Management

Without a perfect foresight, the firms must be ready to deal with theuncertain events which constitute the business environment.

Answer

TRUE

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Awesome StudentQuestion • Strategic Management

Policy should be__________ or else it will lead to indecisiveness anduncertainty in minds of those who look into it for guidance.

Answer

Stable

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Awesome StudentQuestion • Strategic Management

It states that, there should be a clear indication and guide on how the main activities oroperations of the business are carried out.

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Awesome StudentQuestion • Strategic Management

According to , strategy is organisation‘s pattern of response to its environment over a period of time to achieve its goals and mission.”

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Awesome StudentQuestion • Strategic Management

It seeks to explain the business undertaken by the firm, with respect tothe customer needs, target audience, and alternative technologies.

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Awesome StudentQuestion • Strategic Management

is as significant as because it throwslight on the efficiency and effectiveness of the comprehensive plans in achievingthe desired results.

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Awesome StudentQuestion • Strategic Management

This addresses the management or leadership in force within theorganization, from top management to the team leaders and managers in thesmaller units.

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Awesome StudentQuestion • Strategic Management

Both an Art and science of formulating, implementing, and evaluating,cross-functional decisions that facilitate an organization to accomplish itsobjectives.

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Awesome StudentQuestion • Strategic Management

He defines strategy as a creation of a uniqueand valued position involving a different activity from rivals or performssimilar activities in different ways.

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Awesome StudentQuestion • Strategic Management

It states that Strategic Intent is differentiated because here in this case the employees are allied and they are convinced about the concept of Strategic Intent.

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Awesome StudentQuestion • Strategic Management

What can be defined as the art and science of formulating, implementing and evaluating cross-functional decisions that enable an organization to achieve its objectives?

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Awesome StudentQuestion • Strategic Management

This does notimply that a policy should be altered always, but it should be wide in scope so asto ensure that the line managers use them in repetitive/routine scenarios.

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Awesome StudentQuestion • Strategic Management

The systematic analysis of the factor associated with customers andcompetitors and the organization itself to provide the basis for maintaining optimummanagement practices.

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Awesome StudentQuestion • Strategic Management

It must be visible to everyone, and clearly identifyhow the departments, divisions, units and sections are organized, with the linesof authority and accountability clearly established.

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Awesome StudentQuestion • Strategic Management

viewed that in developing strategy,it was essential to systematically anticipate future environmental challenges to anorganization, and draw up appropriate strategic plans for responding to thesechallenges.

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