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The text states that strategic decisions are (1) rare, (2) consequential, and (3) directive. These deal with the long-term future of the entire organization. To aid in the decision making, the authors suggest an eight step decision-making process. Found on page 25 in the text, these include: (1) evaluating current performance results; (2) reviewing corporate governance; (3) scanning and assessing the external environment; (4) scanning and assessing the internal corporate environment; (5) analyzing the strategic factors; (6) generating and selecting the best alternative strategy; (7) implementing selected strategies; and (8) evaluating implemented strategies. These guidelines for making and evaluating decisions at a strategic level can be important for leaders.
Open today’s issue of The Wall Street Journal and look for an article about new moves being made by a corporation, specifically the decisions that are strategic. At what level is each of the decisions that you identified? Functional/Business/Corporate? Why do you believe this to be the case? What is your assessment of these decisions? Will they be effective? Why? How have you decided this?
Develop a linear program that PhotoTech can use to determine how many units of each battery pack to produce at each plant in order to minimize the total production and shipping cost associated with the new contract.
Provide arguments for and against international trade. Discuss trade agreements such as NAFTA, European union and ASEAN.
Who are Blockbuster's main competitors? What advantages does Blockbuster have, and what advantages do competitors hold? Create a SWOT analysis to understand Blockbuster’s strengths and weaknesses. Does Blockbuster have a sustainable competitive advan..
Contrast the advantages and disadvantages of supervisor-conducted appraisals, self-evaluations, and peer evaluations. What type of appraisals have you received? Also, which type do you think is the most effective? Why?
Should the firm make the investment? Would the firm's break-even point increase or decrease if it made the change?
tim wrench was leading the client services division of amweb for seven years when he was asked to move to another
Volkswagen Group (VW) ac-quired several fiefdoms Audi, Lamborghini, Bentley. discuss the sources of conflict between Porsche and Volkswagen executives.
Choose an organization on which to carry out an analysis of the current organization and management practices and identify problems and/or opportunities.
Which of the following statements is true about business intelligence? Intelligent systems emulate and enhance human capabilities.
Discuss the various marketing strategies Mattel executives may use for Monster High as it progresses through the stages of the product life cycle.
A company uses the following acceptance-sampling procedure. A sample equal to 10% of the lot is taken. If 2% or less of the items in the sample are defective, the lot is accepted; otherwise, it is rejected. If submitted lots vary in size from 5,000 t..
Distinguished Ad Agency (DAA) had been in business for about 10 years. It had a strong regional reputation, and counted divisions of five Fortune 500 firms among its clients. Manuel Novedad, cofounder and president, had built the firm on a foundation..
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