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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?
Kaitlyn purchased one share of Northwest Energy stock for $200; one year later she sold that share for $400. The inflation rate over the year was 50 percent. The tax rate on nominal capital gains is 50 percent. What was the tax on Kaitlyn's capita..
1. Can you describe the Red Cross stakeholders and it's, short-term goals (1-4 years), mid-terms goals (5-14 years), and long-term goals (15-20 years).
Have your ever gone to a meeting that has or heard of a meeting that has failed? Give a few reasons why and explain what should have been done during
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Your company is debating transferring all of their information to a Cloud storage provider. The CFO feels this move is a big cash savings plan, one that could save the company a lot of money.
Discuss managing ethics in the work environment, Including diversity and non-discrimination.
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Consider a disk with n cylinders numbered sequentially 0, 1, 2,...., n-1. The read/write head is currently on cylinder 800.
National Drilling Company has been in business for 15 years as well as has earned predictable profits for the past 8 years. It ships it's merely pump to American Hydraulics Corporation, the manufacturer, for repair. National hires Overland Transpo..
You are starting your new business of selling kids clothing in your area and you are planning to get a shop on lease for 500$ per week.
1. Do you think the Harley deal was too one-sided? Why or why not?
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