The constant planning, monitoring, analysis, and assessment of all requirements that a company requires to accomplish its goals and objectives is known as strategic management. Organizations will have to reevaluate their success methods on a regular basis as a result of changes in the business environment. The strategic management process aids businesses in taking stock of their current condition, developing and implementing management plans, and evaluating their efficacy. There are five fundamental tactics for strategic management, and how they are implemented will vary based on the situation. On-site and mobile platforms both require strategic management.
The benefits of strategic management are typically seen as both financial and non-financial. A key duty of a board of directors is carried out via a strategic management process, which aids a business and its leadership in thinking about and making plans for the future. The organization's and its employees' direction is established by strategic management. Effective strategic management continuously prepares, monitors, and tests an organization's activities in contrast to static strategic plans, increasing operational effectiveness, market share, and profitability.
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Answer:
16.1 days
Explanation:
Note: The full question is attached as picture below
Daily demand d = 520
Annual demand D = 520*250 = 130000
Setup cost S = $680
Production rate p = 875
Holding cost H = 0.25*25 = 6.25
Optimal order quantity Q
Q = 8350
Length of production run = Q/d
Length of production run = 8350/520
Length of production run = 16.05769230769231
Length of production run = 16.1 days
Answer: organic
Explanation: Paul Abdul Oil Corporation (PAOC) would be said to have an organic structure. An organic organization structure is one that is decentralized, as such it provides employees the opportunity to engage in business-related decision making; is highly adaptive; and allows for communications and interactions among employees at all levels. It is therefore more suited to creative businesses, businesses that are facing unstable environments and therefor must adaptive and creative.
Answer: The correct answer is "Hershey chocolate bars".
Explanation: For Hershey chocolate bars its manufacturer most likely to use intensive distribution due to the characteristics of the product, which are of the edible type, of consumption and of the type of market in which it is competing, to maintain its competitiveness in the market it is necessary to use an intensive distribution.
