1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.

You might be interested in
The city of Angola, Indiana is considering building a snowmobile trail on the land owned by the city. The life of the project is
Nonamiya [84]

Answer:

Answer for the question :

The city of Angola, Indiana is considering building a snowmobile trail on the land owned by the city. The life of the project is assumed to be 20 years. Building the trail would require an investment of $140,000 from the public funds. The annual maintenance would require an additional $25,000 per year. The annual benefits to the public of using the trail are estimated to be equivalent to $40,000 per year. After 20 years, the city will sell the right to operate the trail to the Angola Snowmobile Club, Inc. for $10,000. Compute a MODIFIED B-C ratio, using the present worth method, for the project, determine whether it should be accepted, and explain why. Make sure you use the formula appropriate for the modified B-C ratio. Assume 4% cost of capital."

is explained in attachment.

Explanation:

Download pdf
4 0
3 years ago
Stella, Inc. purchased 75 telescopes for $25 each from Luna Co. When they unpacked the telescopes, Stella found
cupoosta [38]

Answer:

A. The company would debit the Allowance account instead of Purchase Returns.

Explanation:

In the management of purchases transactions,  a company will maintain several other accounts such as purchase returns and purchases allowance.

Purchases allowance will include allowances such as discount received and other compensations from suppliers.  The allowances reduce the net value of the purchases. i.e., when calculating the net purchases, one has to deduct the purchases allowed amount. When the business receives a purchase allowance, the amount will increase the purchases allowance account. The accountant will, therefore, debit that account.

Purchases returns are goods that the company had purchased from suppliers but have returned them for some reason. They could be defective or inappropriate.

8 0
3 years ago
When it comes to fraud committed by an organization’s employees, the single most effective fraudprevention technique is _______.
Maurinko [17]

Answer:

C

Explanation:

5 0
3 years ago
The present value of a lump sum future amount:__________
SVEN [57.7K]

Answer:

  • <u><em>d) increases as the interest rate decreases.</em></u>

Explanation:

<em>Present value</em> is the value today; future value is the value some time in the future.

The mere notion of the value of money in time should tell you that, further away in time (towards the future) a sum of money is found, the lower its value today.

Then, you should be able to rule out some propositions that are contrary to that intuition:

  • a<em>) decreases as the time period decreases</em> ↔ clearly false: the present value increases as the time period decreases
  • <em>e) is directly related to the time period</em>. ↔ clearly false: the present value is inversely related to the time period.

How is the present value related to the future value?

They are directly related: the higher a lump sum in the future the higher the value of it in the present; more money is more money always. More money in the future has more value in the present; less money in the future has less value in the present. Thus,  the option <em>b). is inversely related to the future value</em> is false

How is the present value related to the interest rate?. Which one is true?

  • c) is directly related to the interest rate, or
  • d) increases as the interest rate decreases

The present value is calculated discounted the future value at the interest rate. The interest rate is in the denominator of the equation to pass from future value to present value. Thus, they are inversely related (c is false); the less the interest rate, the higher the present value of a future amount (confirm d is true).

Therefore, the correct answer is that <em>the present of a lump sum future amount: </em><em><u>d) increases as the interest rate decreases.</u></em>

<u />

6 0
3 years ago
Both country 1 and country 2 are located on their respective production possibilities frontiers (PPFs) for consumer goods and ca
nikdorinn [45]

Answer:

A) Country 1's PPF lies further to the right than country 2's PPF.

Explanation:

Production Possibility Curve shows the combination of two goods, that an economy can produce - by utilising given resources & technology best efficiently.

If country 1 produces twice the output of both goods compared to country 2. Then, country 1's PPF would lie further to the right than country 2's PPF.  As, more quantities implies rightward shifted PPC, signifying more quantities of goods that can be produced.

Efficient or inefficient production leads to production inside or on PPC, doesn't shift PPC. Population change is also irrelevant in this case.

7 0
3 years ago
Other questions:
  • Listed options on U.S. exchanges are available on all of the following currencies except:_________.A) Canadian dollar. B) Japane
    10·1 answer
  • A researcher reports that the effectiveness of a new marketing campaign significantly increased sales compared with the previous
    10·1 answer
  • A bond with duration of 10 years has yield to maturity of 10%. this bond's volatility is:
    13·1 answer
  • "An insured has an $80,000 dwelling policy with a $500 deductible. In addition to the house, the property includes a detached ga
    13·1 answer
  • Florida Berry Basket harvests early-season strawberries for shipment throughout the eastern United States in March. The strawber
    14·1 answer
  • When a tourist goes to a bank in a foreign country to convert money into the local currency, the exchange rate used is the forwa
    10·1 answer
  • Redbox places vending machines at local convenience and grocery stores that allow customers to rent and return popular DVDs 24 h
    7·1 answer
  • The manager of a fashionable restaurant open Wednesday through Saturday says that the restaurant does about 32 percent of its bu
    6·1 answer
  • The journal entry to record June production activities for direct material usage is: Debit Raw Materials Inventory $87,000; cred
    15·1 answer
  • ________ can be very useful in helping visualize where to make strategic changes to either move your product closer to the main
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!