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katovenus [111]
3 years ago
15

Managers must have the tools and resources necessary to "steer" the organization through future unknown conditions and often thr

ough "uncharted waters." Having a well-thought-out plan with a subsequent strategy provides the manager with some direction in these uncertain conditions.
This activity is important because the planning and strategic management processes are critical to an organization’s survival and success. The goal of this exercise is to challenge your knowledge of the strategic planning process.
Place each of the steps in the planning and strategic management process below in the correct order. Rank the options below.

a. Establish the mission and vision
b. Establish the mission and vision
c. Formulate the grand strategy & strategic, tactical & operational plans
d. Formulate the grand strategy & strategic, tactical & operational plans
e. Assess the current reality
f. Open choices for matching
g. Maintain strategic control
Business
1 answer:
svlad2 [7]3 years ago
4 0

The correct order is the following:

1.- Assess the current reality.

2.- Establish the mission and vision

3.- Formulate the grand strategy & strategic, tactical & operational plans

4.- Open choices for matching.

5.- Maintain strategic control.

Great leaders know that managers have to assess the current reality of the company, the competitors, and the economic situation of the company, as well as microeconomic and macroeconomic factors. Then, the strategic planning has to begin with the definitions of the mission and vision, as well as the values that will represent the moral "pillars" of the company. Then, it comes the formulating of goals, the strategies to reach the goals, followed by the tactics that will show the details on how to accomplish those goals.

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In terms of memory, what is a chunk?
dexar [7]

In terms of memory, the chunk is a b. A cluster of information.

Chunking refers to the method of taking person pieces of statistics and grouping them into large devices. by grouping every statistics factor into a bigger entire, you can improve the number of facts you may recollect. probable the maximum not unusual instance of chunking takes place in cellphone numbers.

chunking: organizing information into doable bits or chunks. elaborative practice session: thinking about the means of the brand new statistics and its relation to information already stored in your reminiscence.

a bit is a group of factors that are strongly associated with each different, however, are weakly associated with factors in other chunks. Chunking. Combining small gadgets into large ones, such as whilst individual phrases are mixed right into a meaningful sentence. Chunking may be used to increase the capability of memory.

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8 0
2 years ago
Demand is variable and the company wants to build a safety stock into R. The average daily demand is 15, the lead time is 3 days
olya-2409 [2.1K]

Answer:

Average daily demand (d) = 15

Lead time (L) = 3 days

Value of Z = 2

Standard deviation of demand during lead time = 5

Reorder point = d × L + (Z × standard deviation of demand during lead time)

= 15 × 3 + (2 × 5)

= 45 + 10

= 55

8 0
3 years ago
Last year Almazan Software reported $10.500 million of sales, $6.250 million of operating costs other than depreciation, and $1.
castortr0y [4]

Answer:  -($0.5025) million

Explanation:

As depreciation is expected to increase this year by $0.670 million.

Therefore,

Expenses will increase and will result in decrease in income before tax by $0.670 million.

Additional tax saving on increase in depreciation = $0.67 × 25%

                                                                                   = $0.1675 million

Hence,

Total change in net income = -($0.67) + $0.1675

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8 0
3 years ago
Work experience should always be listed before education on a resume. True or false?
AVprozaik [17]

TRUE !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


5 0
3 years ago
Read 2 more answers
In some games, one player or firm moves first and commits to a strategy to which the rival player or firm will subsequently resp
Leni [432]

Answer:

C. sequential games.

Explanation:

Game theory is the learning of analytical types of mediation, ambivalence, and interaction between people, corporations, and governments. In-game theory, a sequential game means any game where an individual contestant picks their move before rest of the performers pick theirs. Importantly, the following performer's necessity has fascinating erudition regarding the first's selection, contrarily, the variation in period would have no strategic effect.

8 0
3 years ago
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