Evaluation is not performed seriously and systematically

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Reference no: EM133779529

Questions

1. What does Peter Drucker believe will happen if strategy evaluation is not performed seriously and systematically?

a. The organisation will lose its competitive edge

b. Employees will become disengaged

c. Financial ratios will become unreliable

d. Energy will be used up defending yesterday's strategies

2. How might an organisation benefit from implementing a maintenance strategy?

a. By rapidly expanding into new markets

b. By implementing radical changes to its processes

c. By aggressively competing with its rivals

d. By maintaining contact with its current customers

3. Which of the following best describes a global strategy?

a. Ignoring international competitors

b. Designing, producing, and marketing products with global needs in mind

c. Limiting production to the home country

d. Focusing only on domestic markets for profitability

4. What is at stake when formulating strategies?

a. The livelihood of employees and shareholders

b. The organisation's social media presence

c. The organisation's marketing campaigns

d. The design of the company's website

5. What responsibility do managers have regarding business ethics?

a. Implementing aggressive marketing strategies

b. Developing and enforcing a code of ethics

c. Ensuring profitability at any cost

d. Fostering competition among employees

6. What is a key difference between preparing projected financial statements for nonprofit organisations and for-profit organisations?

a. Nonprofits add net income to their equity section

b. Nonprofits do not have a retained earnings row

c. Nonprofits include taxes paid in their balance sheets

d. Nonprofits never pay dividends

Reference no: EM133779529

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