fundamentals of strategic_management

May 29th, 2015
Studypool Tutor
Abilene Christian University
Price: $0 USD

Tutor description

It entails specifying the organization's mission, vision and objectives, developing policies and plans, often in terms of projects and programs, which are designed to achieve these objectives, and then allocating resources to implement the policies and plans, projects and programs. A balanced scorecard is often used to evaluate the overall performance of the business and its progress towards objectives. Recent studies and leading management theorists have advocated that strategy needs to start with stakeholders expectations and use a modified balanced scorecard which includes all stakeholders.

Word Count: 2380
Showing Page: 1/24
Section A Q no.1 Objective when stated in specific terms become 0.75Marks TargetsRulesAimsGoalsQ no.2 Large business generally devise strategies at three levels (tick wrong one) 0.75Marks Company(corporate)levelDivision levelFunctional levelField levelQ no.3 A good mission statement invariably includes the firms 0.75Marks VisionBusiness DefinitionCorporate PlanStrategyQ no.4 A broad term which includes goals, procedures, rules and steps to be taken in putting a plan into action is 0.75Marks ProjectPlanBudgetProgramQ no.5 Divisional strategies flow from 0.75Marks Corporate strategyFunctional strategyGovernment strategyMarketing strategyQ no.6 An Executive Assistant has a generalist orientation and excellent communication skills. He assists the 0.75Marks CEOChairmanExecutive DirectorCompany secretaryQ no.7 Good strategies give rise to good 0.75Marks PoliciesProceduresTacticsProjectsQ no.8 Strategy implementation means 0.75Marks Resource allocationValuation of strategyControl of strategyEnvironmental assessmentQ no.9 Contingency planning comes into operation due to changes in a firms 0.75Marks Organisational set-upExternal EnvironmentBoard of DirectorsCEOs DismissalQ no.10 The terms long range planning, corporate planning and are used synonymously 0.75Marks Contingency PlanningStrategic PlanningShort-term PlanningProject PlanningQ no.11 T

Review from student

Studypool Student
" Excellent work as always thanks so much "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1824 tutors are online

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors