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Igoryamba
2 years ago
11

The importance of formal planning in organizations has grown dramatically. Companies have found that they can achieve competitiv

e advantage through the formal six-step strategic planning process. Answer questions about how Ron Shaich and Panera Bread use this strategic process. Planning is not an informal or haphazard response to a crisis; it is a purposeful effort that is directed and controlled by managers and often draws on the knowledge and experience of employees throughout the organization. Because planning is an important management function, managers at all three levels use it. To be fully effective, the organization's strategic, tactical, and operational goals and plans must be aligned. The strategic management process has six major components, beginning with the establishment of the mission, vision, and goals of the company and ending with strategic control.
The narrator describes how someone creates the mission while someone else identifies the steps that make the mission happen. The steps are known as what?
a. Top of Form
b. strategic vision
c. strategy stepping
d. strategic mapping
e. strategic controls
f. strategy implementation
Business
1 answer:
Neko [114]2 years ago
8 0

Explanation:

Strategic planning is important to an organization because it provides a sense of direction and outlines measurable goals. Strategic planning is a tool that is useful for guiding day-to-day decisions and also for evaluating progress and changing approaches when moving forward.

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Kuong Inc. sold a commercial office building used in the corporate business for $1.5 million. Kuong purchased the building in 20
mars1129 [50]

Answer: $107,600 ordinary gain and $530,400 Section 1231 gain

Explanation:

Section 1231 property is when a business property that's either real or depreciable is held for more than one year. It should be noted that section 1231 gain which arises when the property is sold will be taxed at lower capital gains tax rate which is versus the ordinary income rate.

Therefore, Kuong should characterize the $638,000 gain recognized on sale as $107,600 ordinary gain and $530,400 Section 1231 gain.

The correct option is C.

7 0
2 years ago
Journalize the entries to record the following transactions for Mountain Realty Inc.:
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Answer and Explanation:

The journal entries are shown below"

On Aug 26

Cash Dr $768,000

         To Common stock $640,000

         To Additional paid in capital $128,000

(Being issuance of the common stock is recorded)

On Oct 1

Cash Dr $410,000

        To preferred stock $410,000

(Being the issuance of the preferred stock is recorded)

On Nov 30

Cash Dr $187,000

         To Common stock $170,000

         To Additional paid in capital $17,000

(Being issuance of the common stock is recorded)

3 0
3 years ago
If the United States government raises the income taxes on the wealthiest Americans, while increasing welfare payments to the po
SSSSS [86.1K]

Answer:

(Decrease, Increase)

Explanation:

When the government formulates and implements policies aimed at increasing equality, the society will experience a reduction in the level of efficiency. For example, an increase in income tax on wealthiest Americans, and redistribution of the tax revenue to the poorest Americans would may discourage the wealthy from taking more income-generating activities which create jobs, this is not optimal. At the same time, this policy would reduces the peoples’ incentive to work hard to earn their own money.

5 0
3 years ago
Step 5 in the seven-step decision-making model is _____.
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Answer:

Choose among alternatives

Explanation:

8 0
2 years ago
Read 2 more answers
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Answer:

The financial conflicts of interest of senior or key personnel on PHS-funded projects.

Explanation:

According to United States of America Public Health Service, institutions are compelled to present a conflict of interest information on a public website or within five business days upon request. his is to assess or to determine if a substantial financial interest is connected or not to an investigator's research and composes a financial conflict of interest.

Hence, the right answer is The financial conflicts of interest of senior or key personnel on PHS-funded projects.

8 0
3 years ago
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