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Tatiana [17]
1 year ago
12

analysis, formulation, and implementation are the pillars of research and knowledge about strategic management. this activity is

important because a successful strategy results when managers perform these actions interdependently. for example, effective managers do not formulate strategy without thinking about how to implement it. likewise, while implementing strategy, they are simultaneously analyzing the need to adjust to changing circumstances.
Business
1 answer:
AlekseyPX1 year ago
8 0

The constant planning, monitoring, analysis, and assessment of all requirements that a company requires to accomplish its goals and objectives is known as strategic management. Organizations will have to reevaluate their success methods on a regular basis as a result of changes in the business environment. The strategic management process aids businesses in taking stock of their current condition, developing and implementing management plans, and evaluating their efficacy. There are five fundamental tactics for strategic management, and how they are implemented will vary based on the situation. On-site and mobile platforms both require strategic management.

The benefits of strategic management are typically seen as both financial and non-financial. A key duty of a board of directors is carried out via a strategic management process, which aids a business and its leadership in thinking about and making plans for the future. The organization's and its employees' direction is established by strategic management. Effective strategic management continuously prepares, monitors, and tests an organization's activities in contrast to static strategic plans, increasing operational effectiveness, market share, and profitability.

To lean more about strategic management from the given link.

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the coca-cola company collects and analyzes data sales as well as social media, vending machines, and self-serve soft drink foun
Kitty [74]

Cherry Sprite was made available as a different taste in canned soft drink by the firm. Examples of external data include these data.

<h3>What is external data?</h3>
  • Information that comes from elsewhere in the company and therefore is easily accessible to the general public is referred to as external data. A corporation can improve its grasp of the environment in which it operates by using external data.
  • You may learn more about what your competitors are doing by using external data sources. You can also learn how market dynamics, consumer behavior trends, as well as the weather can affect your performance.
  • Information, statistics, and trends that businesses learn through their operations are referred to as internal data. Businesses can recognize, take note of, and even discuss sales trends, customer behavior patterns, software usage patterns, operational lessons, and survey data.

To learn more about external data refer to :

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7 0
1 year ago
In the short run, the decrease in investment spending associated with business pessimism causes the price level to
Andrei [34K]

In the short run the decrease in the investment spending associated with business pessimism will cause the price level to fall below

Explanation:

Due to this the price level and that the people expect and the quantity of the output will sharply fall below the natural level of the output the business pessimism will cause the markets to be down and it will increase the problem of unemployment

There will a natural increase in the problem of unemployment in the short run hence the decrease in the investment spending associated with business pessimism will cause the price level to decrease

8 0
3 years ago
True or false: gross domestic product (gdp) measures total expenditures on final goods and services during a given period of tim
Fittoniya [83]

That statement is True.

The purpose of calculating Gross Domestic Product is to measure the market value of all the goods and services that produced by a country within a specific time period.

Gross Domestic Product is calculated using this formula:

Consumption + Gross Investment + Government investment + (Exports - Imports)

6 0
3 years ago
Read 2 more answers
If overhead is overapplied, it means that individual jobs have not been charged enough overhead during the year and the cost of
steposvetlana [31]

Answer:

True

Explanation:

At the end of the manufacturing period the overhead cost applied to manufactured goods are compared to actual cost incurred.

If, Actual Overheads > Applied overheads, we say overheads are underapplied. this means the cost of goods sold has been charged too little and must be increased.

and

If, Applied Overheads > Actual overheads, we say overheads are overapplied. this means the cost of goods sold has been charged too much and must be lowered.

8 0
3 years ago
The communication process begins with a(n) ______, the person who ______ a message.
goblinko [34]

The communication process begins with a(n) <u>sender</u>, the person who <u>receives </u>a message.

<h3>What are the parts of communication?</h3>
  • Sender. who is conveying the message
  • Receiver. the recipient of the message
  • Message: The details the sender is communicating to the recipient
  • Communicating channel: The technique utilized to send a message
  • Decoding: Interpreting the message, done by the receiver
  • Feedback: When appropriate, feedback is a reply provided back to the sender.

A thorough knowledge of each of these topics is crucial for the sender. For instance, the channel and informational style may differ depending on the receiver's identification. Smart messaging also requires an understanding of how messages are decoded.

To learn more about communication from given link

brainly.com/question/26152499

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5 0
2 years ago
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