These are some of my personal benifits of strategic management process:
It allows organizations to be proactive rather than reactive. A strategic plan allows organizations to foresee their future and to prepare accordingly.
It sets up a sense of direction.
It increases operational efficiency.
It helps to increase market share and profitability.
It can make a business more durable.
I hope it helped you!
Answer:
inevitable, but maintaining a degree of tension can actually be helpful in keeping a group energized and creative
Explanation:
Integrationist view of managing conflict is a recent view which views conflict as inevitable in an organization or in a setting. According to this view, handling conflict the right way when they arise should be the focus. Conflicts, when handled properly would brings growth and progress in an organization, and would lead to openness and creativity.
According to the integrationist view, an organization where there is absence of conflict would most likely be a stagnant organization that is not responsive to needed change that would foster positive change and development.
Conflict is good when manage well in a constructive way, while maintaining differences in an organization.
Answer:
D) 20 percent reduction in price.
Explanation:
price elasticity of demand (PED) is defined as how much does the quantity demanded of a product or service change for every percent that its price changes.
in this case, the PED of widgets is 0.80, so if the quantity demanded increased by 16%, the price should have decreased by 16% / 0.80 = 20%
Answer: Behavioral addition
Explanation:
The behavioral addition is one of the process that helps in understand the behavior of an organization in terms of performance, change in the policies and productivity the firm.
It is also refers to the process performing the new behavior in an organization by the employees or the manager.
According to the given question, Trisha is the new CEO of the manufacturing firm and she introducing the various types of new policies for the purpose of improving the performance of the company.
Therefore, Trisha is using the behavioral addition for illustrating the given scenario.
Answer: d. Just impact the Balance Sheet
Explanation:
The sale of the assets would impact the balance sheet because it would reduce the amount of fixed assets that the company records as assets which means that assets as a whole will be reduced.
The Cashflow statement will also be affected because cash would come in from the sales but this will be reflected in the investing activities not the operating activities.