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
Usimov [2.4K]
2 years ago
11

matthew has written his mission, vision, and value statements. he has completed his organizational assessment. what is his next

step?
Business
1 answer:
Dimas [21]2 years ago
4 0

After completing the organizational assessment, Matthew's next step should be to formulate the functional strategies.

The action plans that a company develops in different areas to achieve its objectives and goals in the short and long term are called functional strategies.

It is the set of strategies of the areas:

  • Commercial
  • Financial
  • Marketing
  • Production
  • Human Resources
  • Distribution
  • Technology

As a company is an integrated system that works to achieve a common goal, which in general is to be profitable and competitive in the market, the functional strategies must be aligned with those at the corporate and organizational level.

Therefore, the formulation of functional strategies is essential for the integration and optimization of organizational resources in order to achieve a company's objectives and goals.

Learn more here:

brainly.com/question/4974396

You might be interested in
As a group, create a team charter for governing your future CLC activities. The charter should include plans for team building,
Over [174]

Answer:

First of all to create an effective team charter as road way for your group or team, for governing CLC activities the following needs to be considered

<em>• Who are the people involved </em>

<em>• Who is a team leader and who resolves problems </em>

<em>• How long does it take to create a charter </em>

<em>• How long does the charter last </em>

<em>• Creating a Team purpose and mission to others in the organization</em>  

Explanation:

<em>Now the first Method of having a good charter team usually involves the background </em>

<em />

<em>When Creating a charter, you start from the initial stage or point. Questions would be asked on what areas of focus is this charting heading towards. Like what types of project, it would get involved in on the long /short term. </em>

<em />

<em>Questions can be asked as the following bellow, </em>

<em>• Who is a team leader </em>

<em>• What are the roles of each stakeholder in the team </em>

<em>The second Method or role after having a startup background is now to focus on the deeper aspects of the charter like </em>

<em />

<em>• How is success evaluated or measured </em>

<em>• Having a lay down principles to guide the team or group in the right track </em>

<em>• Define roles each team member would play in terms of the success of the company. </em>

<em>• Have a mission and vision statement on how the company would grow on the long term </em>

<em> </em>

<em>The third Method after the Mission and vision statement is created for a successful team charter, it’s the roles and responsibility of team members. For this stage roles and responsibilities would be assigned to each group in the charter by defining the following terms </em>

<em />

<em>• Assign who is doing this for whom and the purpose </em>

<em>• Having asses on all areas needed for the group to succeed  </em>

<em>• Ensure all Team members voice are known, expressed to their best of abilities. </em>

<em>• Create what is called RACI (Roles, Accountable, consulted, Informed) roles and responsibilities matrix </em>

<em>The Fourth Method of a successful team charter is Budget and Resources  </em>

<em>Once roles and responsibility have been established, the team/Group can access the budget and resources to carry out the tasked at hand. </em>

<em> </em>

<em>The Fifth Method of a successful team after budget and resources are, </em>

<em>The internal checks, balance and reviews. </em>

<em>The Team Members of the charter should decide, also, whether team goals assigned to members will be shown in the team members’ annual reviews. A good example of a reliable  system is the SMART goal method The goals should be: </em>

<em>• Specific </em>

<em>• Measurable </em>

<em>• Achievable </em>

<em>• Realistic </em>

<em>• Time-based </em>

<em> </em>

<em> </em>

<em> </em>

<em> </em>

<em> </em>

<em> </em>

<em> </em>

<em> </em>

5 0
3 years ago
Leupold &amp; Stevens, Inc., makes Leupold scopes for rifles and has introduced a new scope that has the quality and performance
user100 [1]

Answer:

Penetration pricing

Explanation:

Is a marketing strategy used by businesses to attract customers to a new service or product.  By offering lower price during its initial offering, thats the way they do.   The lower price, helps a new producto or service penetrate the market and attract customers .

6 0
3 years ago
A stock has an expected return of 16 percent, the risk-free rate is 6.4 percent, and the market risk premium is 7.3 percent.Requ
FrozenT [24]

Answer:

The beta of the stock must be = 1.315 (approx).

Explanation:

Considering the following formula, we get:

expected return = 16

Risk free rate = 6.4

Market risk premium = 7.3

expected return=risk-free rate+beta* market risk premium

hence

16 = 6.4 + beta * 7.3

hence beta=(16 - 6.4)/7.3  =1.315(approx).

4 0
3 years ago
Barkley Company sells two​ products, red cups and black mugs. Barkley predicts that it will sell 2 comma 100 red cups and 700 bl
faltersainse [42]

Answer:

$2.73

Explanation:

Contribution margin:

Red = Unit Contribution margin × Sales Mix

      = $ 2.90 × 2,100

      = $6,090

Black = Unit Contribution margin × Sales Mix

         = $ 3.00 × 700

         = $2,100

Total contribution margin = Red + Black

                                           = $6,090 + $2,100

                                           = $8,190

Total sales mix = 2,100 + 700

                         = 3,000

Weighted CM:

= Total Contribution Margin ÷ Sales Mix

=  $8,190 ÷ 3,000

= $2.73

8 0
3 years ago
Sunland Company borrowed $1,028,960 on March 1 on a 5-year, 12% note to help finance construction of the building. In addition,
Lynna [10]

Answer:

10.66%

Explanation:

The computation of the weighted-average interest rate is shown below:

Particulars                                         Principal                     Interest

10%, 5-year note payable               $2,013,900                $201,390

11%, 4-year note payable                $3,826,400                $420,904

Total amount                                   $5,840,300                $622,294

So, the weighted-average interest rate would be

= $622,294 ÷  $5,840,300

= 10.66%

4 0
3 years ago
Other questions:
  • What is a vital point for most marketers
    13·1 answer
  • An ____ is a group of individuals, working together to achieve shared job-related goals such as higher pay shorter working hours
    9·1 answer
  • Which of the following is considered to be an accrued expense?
    8·1 answer
  • Describe how supply and demand impact the cost of a good of service
    12·1 answer
  • The amount of tattling has suddenly increased in the school-age group at the day care facility where you work. Staff and childre
    5·1 answer
  • The following information is available for Concord Corporation and Skysong, Inc.: (in millions) Concord Corporation Skysong, Inc
    5·1 answer
  • he cash register tape for Larkspur Industries reported sales of $7,146.30. Record the journal entry that would be necessary for
    8·1 answer
  • Frank purchased tools that totaled $24.80. If he had to pay a 6% sales tax, how much did Frank have to pay in total?
    8·1 answer
  • ________ are both government sources of information that might be helpful in gathering the information needed to start a busines
    8·1 answer
  • At the end of its first month of operations, Michael's Consulting Services reported net income of $27,400. They also had account
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!