Setting up a strategic monitoring program

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True or False:

1. In setting up a strategic monitoring program, ii is importnt to communicate the data and the conclusions to those people in the best position to understand their strategic implications and with the authority to make appropriate changes.

2. Demographic and epidemiologic shifts in the markets being served and targeted is not important to monitor.

3. A strategy of growth includes expanding the scope of what it is doing now, with the intention of increasing market share, revenues, and profits.

4. The advantage of an internal expansion strategy is that the organization can choose exactly where and how it will grow-which market segments, which products or services, which product features, and which distribution channels. It can proceed at the pace that is most comfortable to it. As the strategy unfolds, the organization can decide to accelerate or slow down, inject more resources, or redirect the strategy

5. Accountable care organization (ACO) is a strategic alliance that is unique to the health care industry

6. The financial achievements of the strategy determine the firm's ability to continue to obtain the capital necessary to support both future strategies and current operations

7. Each strategy's effects on the cash flow of the business should be taken into consideration in allocating available capital among several strategic proposals

8. The marketing department will not contribute information and informed opinions about both customers and competitors in strategic planning.

Reference no: EM133028783

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