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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?
Examine your current organization's process of strategic management. How effective is this process relative to the organization's performance? What factors contribute to its effectiveness or ineffectiveness?
A manager just received a new price list from a supplier. It will now cost $1.00 a box for order quantities of 801 or more boxes, $1.10 a box for 200 to 800 boxes, What order size would you recommend
Define and discuss the mentoring process. Describe a typical mentoring relationship. How can mentoring aid women and minorities in their career advancement?
Quarter-inch stainless-steel bolts 1 ½ inches long are consumed in a factory at a fairly steady rate of 60 per week. Bolts cost plant 2 cents every. It cost plant $12 to initiate an order also holding costs are based on an annual interest rate of ..
Describe the Six Sigma approach to quality, including the five steps in the process. How does Six Sigma approach to quality differ from the total quality management approach?
You have just notified by the Student Aid and Scholarships Office that you would receive a regent's scholarship of $2000 for the coming academic year.
The Article Review assignment for this class is to critically review an article having to do with any issue in the business world as it relates to project management. You can pick any article you wish, as long as it meets the criteria listed below..
answer each question in 1-2 paragraphs. keep it short and to the point 1 do you feel that computerized stock is a good
Your company manufactures turbine blades for engines in production batches for each type. For one type of blade, the A39T, you have an annual demand of 10,000 units.
change is everywhere but yet very few people seem to embrace the concept. we are for the most part creatures of habit
You have held conversations with Precision Part's leaders and obtained the following information, which you want to use in the development of a 4-year strategic management plan. PPQ Parts employees now number 5,000, and all are currently employed in ..
Illustrate what are some organizations which have planned to get smaller rather than larger in order to be successful.
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