STRATEGIC INTEGRATION Long-term objectives are needed at which level(s) in an or
ID: 350058 • Letter: S
Question
STRATEGIC INTEGRATION Long-term objectives are needed at which level(s) in an organization? a. Corporate b. Divisional c. d. all of these e. Answer Functional none of thesc 2. Financial objectives involve all of the following except a.growth in revenues. b larger market share. c. higher dividends. d.greater return on investment. a rising stock price. What principle is based on the belief that the true measure of a really good strategist is the ability to solve problems? Managing by crisis Managing by objectives Managing by extrapolation a. c. d.Managing by exception What principle is built on the idea that there is no general plan for which way to go and what to do? a. Managing by crisis b. Managing by extrapolation c. Managing by objectives d.Managing by hope e. Managing by exception 5. All of the following are important factors in the Balanced Scorecard except a. customer service. employee morale. c. product quality d. business ethics. stockholder equity Answer 6.Which level of strategy is most likely not present in small firms? a. b. Corporate/company Functional Divisional d. Operational e. All of these are present in small firms AnswerExplanation / Answer
1. The correct answer is option d.
Strategic management is nothing but the process by which the organization define its strategy and allocate its resources appropriately to proceed with the strategy. Strategic planning is done based on the following:-
The managers formulate corporate-level strategies, business-level strategies and functional-level strategies that help the organization to function properly and take appropriate actions to meet the organizational goal.
2. The correct answer is b.
Financial objectives refers to the goal that the organization focus on achieving which is generally the return on investment during the period of its financial plan. So it involve growth in revenue, higher dividends, greater return on investment and a rising stock price.
3. The correct answer is option a.
Management by crisis refers to the activities that help the managers and employees to respond effectively to the events that may lead to crisis and uncertainity in the organization.
4. The correct answer is option e.
Management by exception is nothing but the business maangement practice where the manager identifies, highlight and handle cases that deviate from norm that is considered as best practice by the management.
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