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skelet666 [1.2K]
3 years ago
10

Michael is the CEO of a multidivisional company who has determined that it is time for his company to revisit its Strategic Plan

. He is working on the agenda for the meeting and is beginning with a review of the company's mission, vision and values. On day 2, he plans to conduct an analysis of internal and external forces affecting the company. His invitee list for the strategic planning session includes the CFO, the COO, the Vice President of Human Resources and the Vice President of Sales. He believes this smaller team will be able to reach a greater consensus and be efficient in developing the Strategic Plan for the next five years. Which potential pitfall could impact the strategic plan for this company?
Business
1 answer:
Bezzdna [24]3 years ago
4 0

Answer: An "Ivory Tower" approach could lead the executive team to a plan created in a vacuum without an understanding of current operating realities

Explanation:

Based on the information given in the question, the potential pitfall that could impact the strategic plan for this company will be an "Ivory Tower" approach could lead the executive team to a plan created in a vacuum without an understanding of current operating realities.

It should be noted that when a strategy is being designed by an organization, everyone in the organization has to be carried along and the current happenings in the company and its environment has to be taken into account. When these are ignored, it may lead to a negative impact on the organization.

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A free market is where the prices of good ands service are detirmined by the open market and consumers, in which the laws and forces of supply and demand are controlled by government or any other authority.
8 0
3 years ago
How do I surprise my mom with a special guest and get her to make extra dinner for them so that they can eat with us to without
umka21 [38]

Answer:

tell her to make extra!

Explanation:

you can use excuses such as wanting to pack leftovers for a meal the next day, or saying you're extra hungry

6 0
3 years ago
When the expected rate of inflation is higher than the actual rate of inflation, wealth is: A. not redistributed at all. B. redi
Gemiola [76]

Answer:

D. redistributed from borrowers to lenders.

Explanation:

  • The inflation is the increase of the price levels of the goods and the services in the economy for a long time and shows a reduction in the purchasing power, a common measure is the price index.
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3 0
3 years ago
Which of the statements is true of the long‑run industry supply curve (LRIS)? External diseconomies result in an increasing cost
Xelga [282]

Answer:

The correct answer is External economies result in a decreasing cost industry and a downward sloping LRIS curve.

Explanation:

Solution:

From the given question stated, the best statement that sis true of the long‑run industry supply curve (LRIS) is, because of external economies of scale, a larger or bigger quantity of the product is offered at a lower price which is a decreasing/reducing cost industry with an exception to the Law of Supply),the industry supply curve is downward sloping.

6 0
3 years ago
Mentally estimate the total cost of items that have the following prices: $1.85, $.98, $3.49, $9.78, and $6.18. Round off your a
Nonamiya [84]

Answer: Option (c) is correct.

Explanation:

Given that,

Round off the values of items to the nearest half dollar are as follows:

Item 1 = $2.00

Item 2 = $1.00

Item 3 = $3.50

Item 4 = $10.00

Item 5 = $6.00

Estimated total cost of items = Item 1 + Item 2 + Item 3 + Item 4 + Item 5

= $2.00 + $1.00 + $3.50 + $10.00 + $6.00

= $22.50

Hence, nearest value is $22.50.

Therefore, option (c) is correct.

8 0
3 years ago
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