Effectively communicating the strategic vision to company personnel is important because------ if company personnel do not understand or accept the rationale for heading in the direction top management has charted, they are prone to resist or be indifferent to the changes management wants to make.
What is a strategic vision and why is it important?
A strategic vision not only outlines the organization's goals and purposes but also directly or indirectly establishes the standards in quality, work ethic and operational precision that each employee must reach for those goals to be achieved. It shows how an organization differs from all the others.
Effective communication:
Is the process of exchanging ideas, thoughts, opinions, knowledge, and data so that the message is received and understood with clarity and purpose. When we communicate effectively, both the sender and receiver feel satisfied.
Learn more about effective communication:
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Answer:
conduct interviews and surveys or organize a focus group
Explanation:
Formal research involves gathering data in a controlled, structured, and objective manner, so much so that a plan is followed very strictly and all information is documented. Therefore in order for Brittany to conduct a formal research, she should conduct interviews and surveys or organize a focus group. This would allow her to control the situation and document and analyze all the information gathered.
Answer:
$152,450
.00
Explanation:
Depreciation is a non-cash item and as such, this will not be included in the cash disbursement for the month.
The cash disbursements for marketing and administrative expenses on the June marketing and administrative expense budget will consider the fixed and variable costs elements excluding depreciation.
Cash disbursements for marketing and administrative expenses on the June marketing and administrative expense budget
= ($1.10 * 7500) + ($152,250 - $8,050)
= $152,450
.00
Answer and Explanation:
The computation is shown below:
1. Market penetration rates
For alison = 136 ÷1500 = 9.07%
For Sam = 54 ÷ 1500 = 3.6%
So, Total market penetration based on potential customers is
= 9.07% + 3.6%
= 12.67%
2. alison's unit market share is
= alison's business ÷ total business in market
= 439 ÷ (439 + 1450)
= 23.24%
3. alison's revenue is
= $11 × 439
= $4,829
4 alison's revenue market share is = alison's revenue ÷ total revenue
= $4,829 ÷ ($4,829 + 8 × 1450)
= 29.39%
5 relatve market share is
= alison's market in terms of units ÷ competitor's market share in term of units
= 0.2324 ÷ (1 - 0.2324)
= 30.32%
Answer: Objective Measures.
Explanation:
Objective Measures is a method of measuring outcome by accessing it based on a certain standards it must reach and this type of performance measure is not subject to the feelings of the person evaluating performance. Justin as the sales manager is applying objective measures when evaluating sales, profits, orders and ratio of sales.