1. What is a Business 2. How are you able to align and integrated elements of a
ID: 415950 • Letter: 1
Question
1. What is a Business
2. How are you able to align and integrated elements of a business to insure performance excellence and thereby a competitive advantage?
3. The idea of Integration a company’s Strategy, it’s Structure (Resources & Alignment) and Competencies is critical - What do you think that this statement means?
4. Which of the three (3) elements Strategy, Structure or People/ Competencies is more valuable? Why?
5. Explain, what is Strategy, as presented by Michael Porter in his article What is Strategy?
6. Is Strategy important & Why?
7. Who does Strategy in an Organization?
8. Identify and discuss the differences between and among the concepts of Strategic Thinking,Strategy Formulation and the effective execution of a strategy
9. Don't forget to address the question posed regarding the article Are you sure you have a strategy? by Hambrick and Fredrickson
Explanation / Answer
1.
Business is nothing but organization that are involved in produce of goods and service to satisfy the needs of customer. This is a commercial activity that are formed for either for non-profit purpose or to make profits or to sum of all economic activity.
Mission of an organization describes the function of organization and what exactly the organization is trying to achieve. term or long term goals. These are generally descriptive and inspirational to accomplish the goals. Vision is one of the reason for making a long term goal for the organization.
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