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kondor19780726 [428]
3 years ago
8

One of the greatest challenges in strategic management is gaining proper alignment among mission, SWOT analysis, and good strate

gy. First, explain the complexity among these three elements.
Business
1 answer:
S_A_V [24]3 years ago
7 0

Explanation:

Every organization has a strategy, whether planned or not, and this action plan and decision-making are essential factors that will guarantee the company a competitive position in the market that will lead to success or failure.

Therefore, mission alignment, SWOT analysis and good strategy are factors that will lead the company to achieve its objectives and goals more effectively.

We can relate these factors to the generic competitive strategies developed by <em>Porter</em>, which is the set of the best offensive or defensive actions that will lead the company to remain well positioned in the competitive market.

Porter's generic strategies consist of three main pillars that will keep companies competitive, which are: cost leadership, differentiation and focus.

Therefore, it is necessary for the company to know itself, its competitors, the market forces to make good strategic decisions, to know how to apply Porter's three strategic pillars that will keep the organization with a well-aligned organizational culture, and the improved processes to maintain itself. well positioned in the market and maximize its profitability.

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The best business portfolio is the one that ________.
KengaRu [80]

Answer:

The correct answer to the following question is option B, which is best fits the company's strengths and weaknesses to opportunities in the environment.

Explanation:

The contributing and the collecting of services and the products which are provided by the company. Many of the businesses and the companies will busy in business portfolio analysis as their section of their strategic planning.

Business portfolio is important because it demonstrates your skills and it increases your building trust which means when he or she sees your quality work and it can develop the trust about your business and also it helps in minimizing keep rejection of our services and the product.

6 0
3 years ago
Merando industries employs a five-day workweek and a september 30 year-end. normal weekly wages amount to $35,000. if september
ale4655 [162]

The journal entry to be made to accrue wages expense at September 30 would be:

(Computation for the accrued salaries: 35,000/5 = 7,000 x 3 = 21,000)

 

Debit

Salaries and Wages Expense 21,000

 

Credit

Salaries and Wages Payable 21,000

 

At the next payday which is October 2, the entry would be:

Debit

Salaries and Wages Payable 21,000

Salaries and Wages Expense 14,000

 

Credit

Cash 35,000

5 0
3 years ago
A delivery of inventory from a vendor, with whom a credit line is already established, would be initially recorded in which type
PtichkaEL [24]

Answer:

a. purchases journal; expenditure cycle

Explanation:

When a business recieves inventory from a vendor they already have a credit line with, it will be recorded in the purchases journal. A purchases journal is a prime book of entry or day book which is used to keep track of items that are accounts payable.

The cycle involved in this scenario is the expenditure cycle which involves the activities that a business goes through in the acquisition and payment for goods and services.

The reciept of inventory from the vendor is in the expenditure cycle.

6 0
4 years ago
What are the roles of resource owners in the economy
olga55 [171]

Answer:

The resource owners acts as the suppliers of factors of production like land, labor, capital or entrepreneurship to the businesses which pay these resource owners with either wages, rent, interest or profit.

5 0
3 years ago
Strategy implementation can be the most difficult part of the strategic management process. Which of the following is not likely
RUDIKE [14]

Answer:

d) Competition

Explanation:

According to  Rajasekar, J. (2014). <em>Factors affecting effective strategy implementation in a service industry</em> Strategic management process key factors are the role of leadership, the role of culture and the role of organizational structure in strategy implimentation.

On the other hand, "the absence of real competition is either not aware of the need to formulate a strategy and implement it (clarity of strategy) or believe there is no need to do so due to the business structure" (p.177)

Reference: Rajasekar, J. (2014). Factors affecting effective strategy implementation in a service industry: A study of electricity distribution companies in the Sultanate of Oman. International Journal of Business and Social Science, 5(9).

3 0
3 years ago
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