When a company fails to execute its strategic plan, the first reaction is often to rewrite the org chart or tweak incentives. Clarifying decision-making authority and improving the flow of information both at the management level and throughout the organization is much more effective. After that, the appropriate structure and motives are usually set.
Similar to the Galbraith and Nathanson model, this is a systems-based model in which strategy development is processed as inputs from four interconnected elements: organizational structure, management processes, human resources, and culture, and outcomes achieve strategic goals as
A strategic plan is a systematic process of envisioning a desired future and translating that vision into broadly defined goals or goals and a series of steps to achieve them.
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Answer:
c. Its low barriers to entry expose Northern to increased risk of competition, which could negatively affect the predictability of its expected future sales revenues.
Answer:
Offer the customer some literature about the product to take with them.
Further Explanation:
If the customer is already using a product that your bank is offering, you can give them some literature such as pamphlets explaining your banks product. It will depend on your banks policy on giving out information to non-customers.
The information that you give the possible customer should include prices and any perks that they may receive for changing banks. In addition to giving the person literature, you can offer to explain your product in more details and the reasons why they should change banks.
Answer: The correct answer is "a) firm matches a core competency to opportunities it has discovered in the marketplace".
Explanation: A competitive advantage exists when:<u> firm matches a core competency to opportunities it has discovered in the marketplace.</u>
A competitive advantage is any characteristic of a company, country or person that differentiates it from others by placing it in a superior relative position to compete. That is, any attribute that makes it more competitive than the others.