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
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.

You might be interested in
Your son is born today and you want to make him a millionaire by the time he is 50 years old. You deposit $50,000 in an investme
mel-nik [20]

Answer:

1000000= 50000 (1+ \frac{i}{1})^{1*50}

20 = (1+i)^{50}

20^{1/50} = 1+i

i = 20^{1/50} -1 = 0.0617

And if we convert this into % we got i = APR = 6.17 \%

See explanation below.

Explanation:

We assume that we have compounding interest.

For this case we can use the future value formula given by:

FV= PV (1+\frac{i}{n})^{nt}

Where:

FV represent the future value desired = 1000000

PV= represent the present value = 50000

i = the interest rate that we desire to find in fraction

n = number of times that the interest rate is compounding in 1 year, since the rate is annual then n=1

t = represent the number of years= 50 years

So then we have everything in order to replace and we got:

1000000= 50000 (1+ \frac{i}{1})^{1*50}

Now we can solve for the interest rate i like this:

20 = (1+i)^{50}

20^{1/50} = 1+i

i = 20^{1/50} -1 = 0.0617

And if we convert this into % we got i = APR = 6.17 \%

7 0
4 years ago
You normally stay at home on Wednesday nights and study. However, next Wednesday night, your best friend is having his big 21st
nalin [4]

Answer:

My answer would be don't go, Since we are almost in the red positive for Corona, U might have a chance of catching it from her or the people at her party. On the other hand, u can do a virtual party over the phone/laptop. I understand it's difficult to avoid your bestfriend because of Corona, but technically it's for your own good. If it makes you feel better, I had to miss my Bestfriend B-Day because I was scared to get Corona.

Explanation:

4 0
3 years ago
Read 2 more answers
Losing a customer once means losing the entire stream of possible purchases that the customer would make over an extended period
sdas [7]

Answer: (D) Customer lifetime value  

Explanation:

 The customer lifetime value is the term, which refers to the overall profit  of an organization and this type of method also helps in estimating the customer monetary in the business.

The customer lifetime value is basically using the predictive analytical method for analyzing the relationship with the consumers.

The customer lifetime value is refers to the metric of net profit in an organization and it also helps in making various types of decision in an organization in terms of development, marketing and the customer support.

 Therefore, Option (D) is correct answer.

5 0
3 years ago
Learning management systems are also known as knowledge work systems true or false
omeli [17]

The answer is false. Learning management systems is not known as knowledge work systems. Knowledge work systems are maintained by knowledge workers who manage and create knowledge. Knowledge, in this context, is universal and can be moved easily. It can include structured and unstructured documents.

6 0
3 years ago
Required information Use the following information for the Exercises below. Skip to question [The following information applies
rosijanka [135]

Answer:

See

Explanation:

1. Break even point in units

= Fixed cost / Selling price per unit - Variable cost per unit

Given that

Fixed cost = $600,000

Selling price per unit = $375

Variable cost per unit = $300

Break even point in units = $600,000 / ($375 - $300)

= $600,000 / $75

= 8,000 units

2. Break even in sales

= Fixed cost / Selling price unit - Variable cost per unit × Selling price per unit.

=[ $600,000 / ($375 - $300) ] × $375

= 8,000 × $375

= $3,000,000

6 0
3 years ago
Other questions:
  • Suppose that country a has higher real income per capita than country
    8·1 answer
  • Francis Equipment Co. closes its books regularly on December 31, but at the end of 2017 it held its cash book open so that a mor
    15·1 answer
  • Suppose the banking system currently has $300 billion in reserves, the reserve requirement is 5 percent, and excess reserves are
    9·1 answer
  • Edward philips signs a deed allowing the utility company to suspend power lines over his land. a utility company's right to use
    15·1 answer
  • As a certified public accountant, you have been contacted by Joe Davidson, CEO of Sports Pro Athletics, Inc., a manufacturer of
    6·1 answer
  • You want to invest $37,000 today to accumulate $41,650 to buy a car. If you can invest at an interest rate of 3% compounded annu
    5·1 answer
  • Flounder has year-end account balances of Sales Revenue $843,779, Interest Revenue $12,160, Cost of Goods Sold $531,052, Adminis
    5·1 answer
  • There are two routes for driving from A to B. One is freeway, and the other consists of local roads. The benefit of using the fr
    7·1 answer
  • Assuming a company has no other funding sources other than debt and common equity, what is the difference between enterprise val
    9·1 answer
  • How does financial manager involes operating decision<br>​
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!