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
Igoryamba
3 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]3 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.

You might be interested in
Exercise 13-17 Swifty Company has been operating for several years, and on December 31, 2017, presented the following balance sh
mixer [17]

Answer:

(a) Current ratio = 2.746

(b) Acid-test ratio = 1.423

(c) Debt to assets ratio = 47.48%  

(d) Return on assets = 6.15%

Explanation:

For Balance Sheet, pleased see attached file.

Current Ratio = Current Asset / Current Liabilities

Current Ratio = 212,800 / 77,500

Current Ratio = 2.746

Acid-Test Ratio = (Current Assets – Inventories) / Current Liabilities

Acid-Test Ratio = (212,800 – 102,500) / 77,500

Acid-Test Ratio = 1.423

Debt to Asset ratio = (Total Liabilities / Total Assets)*100

Debt to Asset ratio = (205,500 / 432,800)*100

Debt to Asset ratio = 47.48%

ROA = (Net Income / Total Assets)*100

ROA = (26,600 / 432,800)*100

ROA = 6.15%

The Current Ratio is a liquidity measure that shows the ratio between current asset and current liabilities. It tells how many dollars of the current asset are per dollar of current debts, that gives an idea of the company`s ability to perform its debts.    

The Quick Ratio is also a liquidity indicator, but using its most liquid assets, to pay its current liabilities at maturity. The inventory, although it is a current asset, is not considered, since it cannot be converted into cash in a very short term.

The difference between the Quick Ratio and the Current Ratio, implies that while both are measures of the company's ability to pay its debts, the quick ratio also tells how much the company depends on its inventory to get that objective.

The Debt to Assets ratio is a financial ratio that shows how much of a company assets is owed to its creditors.  

ROA is a financial indicator that gives an idea as to how efficient a company's management is at using its assets to generate earnings, by determining how profitable a company is relative to its total assets.

6 0
3 years ago
Which of the following is a deductible loss for income tax purposes?
shutvik [7]

Answer:

d. Net long-term capital losses in excess of $3,000.

Explanation:

A net long-term capital losses in excess of $3,000 is a deductible loss for income tax purposes.

For instance, in a tax year, if an individual has up to $3,000 of net long-term capital losses, this would be considered a form of income rather than a capital gain.

Furthermore, if an individual accrues a net long-term capital losses in excess of $3,000, this loss is deductible and are carried over indefinitely to subsequent tax payments in the future.

6 0
3 years ago
Belden, Inc. acquires 30 percent of the outstanding voting shares of Sheffield, Inc. on January 1, 2017, for $312,000, which giv
Oksi-84 [34.3K]

Answer:

how much income would Belden report for 2017 and 2018 in connection with the company's investment in Sheffield

2017: $54,000

2018: $69,000

total $123,000

Explanation:

the journal entries used to record the investment in Sheffield Inc. are:

January 1, 2017

Dr Investment in Sheffield Inc. 312,000

    Cr Cash 312,000

the adjustments entries necessary for 2017 are:

December 31, 2017, dividends are distributed

Dr Cash 21,000 (= $70,000 x 30%)

    Cr Investment in Sheffield Inc. 21,000

December 31, 2017, net income is reported

Dr Investment in Sheffield Inc. 54,000 (= $180,000 x 30%)

    Cr Revenue from investment in Sheffield Inc. 54,000

the adjustments entries necessary for 2018 are:

December 31, 2018, dividends are distributed

Dr Cash 24,000 (= $80,000 x 30%)

    Cr Investment in Sheffield Inc. 24,000

December 31, 2018, net income is reported

Dr Investment in Sheffield Inc. 69,000 (= $230,000 x 30%)

    Cr Revenue from investment in Sheffield Inc. 69,000

7 0
3 years ago
Calhoun Crockery sold merchandise; the total proceeds collected, including a 7% sales tax, amounted to $74,900.
Gala2k [10]

Answer:

Option (b) is correct.

Explanation:

Sale value of the merchandise = $74,900

Sales tax liability = $74,900 × (7% ÷ 107%)

                         = $4,900

Sale value prior to sales tax = $74,900 - $4,900

                                               = $70,000

Sales tax @7% on $70,000 = $4,900

Hope the above calculation will clear the concept since the question clearly mention that

Calhoun Crockery sold merchandise; the total proceeds collected, including a 7% sales tax, amounted to $74,900.

This $74,900 includes 7% tax also it means that the collected proceed is 100% + 7% = 107%

which includes 7% tax liability.

4 0
3 years ago
Josh Turner has done some research and has found that the population in the U.S. is aging, and this means that there will be an
Rashid [163]
The following answer is "A"
4 0
3 years ago
Read 2 more answers
Other questions:
  • The percentage of network programming on broadcast TV that involves sports is _______________________.
    14·1 answer
  • Scenario 26-3. Assume the following information for an imaginary, open economy.
    7·1 answer
  • How would you convince somebody your mature? Describe in complete sentences
    8·2 answers
  • While shopping you discover that your favorite department store has lowered the price on a new MP3 player that you wanted to buy
    14·2 answers
  • Actimel is a dairy-based probiotic supplemental beverage made by Dannon. Originally, it was sold in organic food stores and only
    7·1 answer
  • If you built a computer company in Africa and then found that your product was having difficulty being distributed to customers
    12·1 answer
  • Assume that you manage a risky portfolio with an expected rate of return of 17% and a standard deviation of 27%. The T-bill rate
    11·1 answer
  • Females, it is said, make 70 cents to the dollar in the United States. To investigate this phenomenon, you collect data on weekl
    7·1 answer
  • Please help!! Question: Drake begins wearing knee high socks in his videos and concerts? What
    7·1 answer
  • We discussed the invasions of the Roman world by various Germanic tribes in the fifth century and the Arab-Islamic conquests of
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!