I need answer for all questions not just one photo View Review esign Layout Refe

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I need answer for all questions not just one photo

View Review esign Layout References Mailings Normal 1 No Spac... Heading 1 Heading 2 ! 1 ,2 . H x' | A·-A- Styles Paragraph nt 18. What is benchmarking? 19. Give an example of an organizational objective 20. What should strategic management achieve? ur 1. What does the systems perspective believe? 2. Provide one organizational example of the classical perspective? 3. Name the Dutch theorist credited with the cultural aspect of the systems approach 4. What organizational variable is 5. What is the general name of an internal strategic analysis? 6. Name one way in which organizational stakeholders can influence the strategy of a firm 7. What does a vision statement describe? here you are ound. ab and apply n your the evolutionary approach associated with?

Explanation / Answer

18)Answer:

Bench marking:

Benchmarking refers to testing a product or service against a reference point to quantify how much better or worse it is compared to other products. Benchmarking is the standard way of comparing one product to another. With technology in particular, benchmarking against competing products is often the only way to get an objective measure of quality. This is because many tech products increase rapidly in measures such as speed and storage size when compared to the previous version from the same company, making comparisons between the versions virtually useless.

For example, the capabilities of a computer may be benchmarked by running a standardized torture test. In a broader sense, a company may be benchmarked against all other companies in its industry for a specific criteria like product support.

Benchmarking has several nuances in IT:

19)Answer:

Organizational objectives:

Organizational objectives are short-term and medium-term goals that an organization seeks to accomplish. An organization's objectives will play a large part in developing organizational policies and determining the allocation of organizational resources. Achievement of objectives helps an organization reach its overall strategic goals.

Example:

Let's say that you are the director of a non-profit organization that assists recently-arrived immigrants to your community. The organization provides language classes, civics classes, financial planning classes, and assistance in obtaining housing and work. Your organization's strategic goal is simple: help immigrants integrate into the community. The programs are the means by which you hope to achieve that strategic goal. Your sources of revenue are limited because they are based only upon donations and state and federal grants. You are meeting with the program directors for the annual meeting to set the organization's objectives for the next year.

20)Answer:

Strategic management is the management of an organization’s resources to achieve its goals and objectives. Strategic management involves setting objectives, analyzing the competitive environment, analyzing the internal organization, evaluating strategies and ensuring that management rolls out the strategies across the organization. At its heart, strategic management involves identifying how the organization stacks up compared to its competitors and recognizing opportunities and threats facing an organization, whether they come from within the organization or from competitors.

vision statement:

vision statement is a declaration of an organization's objectives, ideally based on economic [[foresight (psychology) intended to guide its internal decision-making. A vision statement is not limited to business organizations and may also be used by non-profit or governmental entities.

A vision statement is a company's road map, indicating both what the company wants to become and guiding transformational initiatives by setting a defined direction for the company's growth. Vision statements undergo minimal revisions during the life of a business, unlike operational goals which may be updated from year-to-year. Vision statements can range in length from short sentences to multiple pages. Vision statements are also formally written and referenced in company documents rather than, for example, general principles informally articulated by senior management.

The definition of a vision statement according to BusinessDictionary is "An aspirational description of what an organisation would like to achieve or accomplish in the mid-term or long-term future. It is intended to serve as a clear guide for choosing current and future courses of action.

porter's five forces model:

Michael Porter's five forces of competition can be used to examine and analyze the competitive structure of an industry by looking at 5 forces of competition that influence and shape profit potential.Porter's five forces of competition have become acentral concept to business theory.

Barriers to entry:

Barriers to entry are the existence of high startup costs or other obstacles that prevent new competitors from easily entering an industry or area of business. ... Common barriers to entry include special tax benefits to existing firms, patents, strong brand identity or customer loyalty, and high customer switching costs.

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