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katovenus [111]
4 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]4 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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You are provided the following information:
Mama L [17]

Answer:

Total period costs= $12,500

Explanation:

iving the following information:

Salaries for assembly workers $32,000

Cost of materials $1,400

Lubricants for machines $680

Accountant’s salary $4,600

Factory supervisor’s salary $4,700

Sales commissions $3,200

Period costs are not directly tied to the production process.

Period costs:

Accountant’s salary $4,600

Factory supervisor’s salary $4,700

Sales commissions $3,200

Total period costs= 12,500

8 0
3 years ago
All of the following are true regarding traditional manufacturing except a.traditional manufacturing practices tolerate defects.
maksim [4K]

Answer: c.traditional manufacturing practices decrease lead time to protect against uncertainty.

Explanation:

The traditional manufacturing practices tolerate defects and also increase inventory to protect against process problems.

It should also be noted that traditional manufacturing practices emphasize product oriented layout.

The option that traditional manufacturing practices decrease lead time to protect against uncertainty is false.

5 0
3 years ago
Ans: Loss on sale Rs. 700; Balance bld on 2017 Rs. 45,000 Mahindra Company which depreciates its machinery at the rate of 10% un
kiruha [24]

Answer:

can you come and check my question and if you can guide me

6 0
3 years ago
Suppose a bank offers to lend you $10,000 for 1 year on a loan contract that calls for you to make interest payments of $250.00
IRISSAK [1]

Answer:

10.38%

Explanation:

From the question above a bank offers to lend an amount of $10,000 for a period of 1 year

The bank expects an interest of $250 to be paid every 4 months

= $250×4

= $1,000

Total amount of interest= $1,000

The first step is to calculate the nominal interest

= (1000/10,000)×100

= 0.1×100

= 10%

Therefore, the effective annual rate on the loan can be calculated as follows

= (1+r/m)^m-1

r = 10% , m = 4

= [1+(10/100)/4]^-1

=[ (1+0.1/4)^4]-1

= (1+0.025^4)-1

= (1.025^4)-1

= 1.1038-1

= 0.1038×100

= 10.38%

Hence the effective annual rate in the loan is 10.38%

6 0
3 years ago
Krystal plans to save $500 at the end of Year 1, $600 at the end of Year 2, and $800 at the end of Year 3. If she earns 2.8 perc
Ann [662]

Answer:

$1,945.19

Explanation:

The amount which will be saved by the Krystal at the end of year 3 shall be determined using the following method:

Saving made at end of Year 1=$500(1+2.8%)^2=$528.39

Saving made at end of Year 2=$600(1+2.8%)^1=$616.80

Saving made at end of Year 3=$800(1+2.8%)^0=$800

Total amount at end of year 3=$1,945.19

3 0
4 years ago
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