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bekas [8.4K]
4 years ago
11

Is it necessary that the five steps in the strategic management process be performed sequentially? Why or why not?

Business
1 answer:
Artemon [7]4 years ago
4 0

Answer:

No

Explanation:

Strategic management process may be defined as the process which appraises the industries and business where the organization is involved. It is the culture of appraisal that any business adopts in order to outdo their competitor.

There are mainly 5 steps for the strategic management process in any business. They are :

-- in goal setting

-- to analyze

-- in strategy formulation

-- in strategy implementation

-- to control and evaluate

These are main 5 steps which follows a logic and is easily understandable as it is simple process. But it is not compulsory for the business or organization to take these steps in a sequential manner. It depends upon the company's need. Many company analyses the internal as well as the external factors that affects their strategy which is important to their business process. So they may start with any step for the appraisal process.  They can start with any step and see the impact of it and then change or move to any other step depending upon their necessity. It is according to the company's need and situation that these steps are taken in any sequence by the company.

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Currently, U.S. currency is a. fiat money with intrinsic value. b. fiat money with no intrinsic value. c. commodity money with i
12345 [234]

Currently, U.S. currency is fiat money with no intrinsic value. Thus the correct answer is B.

<h3>What is intrinsic value?</h3>

Based on the cash flows from an investment, intrinsic value calculates its worth. The difference between market value and intrinsic value is that the first tells you how much other people are prepared to pay for an item, while the latter reveals the asset's worth based on an examination of its real economic performance.

It can be used for purposes other than serving as a means of exchange, commodity money has intrinsic worth. Fiat money has no intrinsic value and is only used as a means of exchange because the government has sanctioned its use in that capacity.

Therefore, option B fiat money with no intrinsic value is the appropriate answer.

Learn more about intrinsic value, here:

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7 0
2 years ago
Johnny works at an automobile manufacturing plant. his supervisors have received several complaints about him being careless wit
miss Akunina [59]

In the context of workplace deviance, the actions that Johnny has displayed is an example of property deviance. This type of workplace deviance focuses on the person’s behavior into stealing, lying about work hours, kickbacks and having to sabotage equipment in which Johnny has demonstrated.

4 0
4 years ago
Pastoria Enterprises has scheduled raw material purchases of $100,000 in January, $130,000 in February, and $150,000 in March. T
IRINA_888 [86]

Answer:

B

Explanation:

The question asks to calculate how much will be disbursed by the company in February.

Firstly , we know that the company disburses 75% in the month of purchase and 25% during the month after purchase.

Now, 75% of $130,000 would be disbursed as February’s own payment:

Mathematically 75/100 * 130,000 = 97,500

Also, we should not forget that the company disburses 25% of previous month during the current. That is 25/100 * 100,000 = 25,000

Total amount disbursed is thus 25,000 + 97,500 = $122,500

6 0
3 years ago
Vocabulary Word
77julia77 [94]

Answer:

Explanation:

A tool for organizing important  information about the competition.

competitive matrix

Those most likely to buy your products  and services

target customers

The distribution channel through which  your product or service flows from the  producer to the customer. value chain

A distinct aspect, quality, or characteristic  of a product or service

feature

Something that promotes or enhances the  value of the proctor service to the  customer. benefit

A group of businesses with a common  interest, such as financial services,  computers, retail, or groceries. industry

End-users of the service. Beneficiaries

Working model of a new product.  Describes how you intend to create and

capture value with your business concept. prototype

4 0
3 years ago
If a check correctly written and paid by the bank for $514 is incorrectly recorded in the company's books for $541, how should t
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In the bank reconciliation they will need to add the difference to the company’s cash balance.  They subtracted too much (541-514 = $27 difference) from their cash balance.  They need to add $27 to their cash balance so that it will be correct and balance with the bank.

4 0
3 years ago
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