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Why do you think some chief executive office fail to use strategic-management approach to decision making?
Some chief executive officers may fail to use a strategic-management approach due to a focus on short-term results rather than long-term planning, often driven by pressures from stakeholders or market conditions. Additionally, a lack of understanding or appreciation for the strategic management process can lead to inadequate decision-making frameworks. Organizational culture may also play a role, where a reactive mindset prevails over proactive strategic thinking. Finally, resource constraints or a rapidly changing environment can hinder the ability to implement a comprehensive strategic approach.
Why is the implementation of projects important to strategic planning and the project manager?
The implementation of projects is crucial to strategic planning because it translates strategic goals into actionable tasks, ensuring that resources are allocated effectively to achieve desired outcomes. For project managers, successful implementation demonstrates their ability to execute plans, manage teams, and deliver results, ultimately impacting organizational success. Moreover, effective project execution provides valuable insights and feedback that can inform future strategic decisions and improve project management processes.
What is strategic change?
Strategic Change:Strategic Change means changing the organizational Vision, Mission, Objectives and ofcourse the adopted strategy to achieve those objectives.Strategic change is defined as " changes in the content of a firm's strategy as defined by its scope, resource deployments, competitive advantages, and synergy"(Hofer and Schendel 1978)Strategic change is defined as a difference in the form, qualiity, or state over time in organization's alignment with its external environment (Rajagopalan & Spreitzer, 1997 Van de Ven & Pool, 1995).Considering the definition of strategic change, strategic change could be affected by the states of firms and their external environments. Because the performance of firms might dependent on the fit between firms and their external environments, the appearances of novel opportunities and threats in the external environments, in other words, the change of external environments, require firms to adapt to the external environments again; as a result, firms would change their strategy in response to the environmental changes. The states of firms will also affect the occurrence of strategic change. For example, firms tend to adopt new strategies in the face of financial distress for the purpose of breaking the critical situations. Additionally, organizations would possess structural inertia that they tend to keep their previous structure and strategy (Hannan & Freeman, 1984).However, the former research on strategic change has not shown expected empirical results. To explain the unexpected empirical results, Rajagopalan and Spreitzer (1997)suggests that the external environment could not be constantly decided; it would be decided depending on the decision maker's cognition of external environment. Therefore, the occurrence of strategic change would be related to their cognition of external environment.Based on the argument of Rajagopalan and Spreitzer (1997), the factors which affect decision maker's cognition of external environment would affect strategic change.
Meaning of implementing strategy?
Implementing strategy refers to the process of translating a strategic plan into actionable steps to achieve organizational goals. It involves allocating resources, assigning tasks, and establishing timelines while ensuring that all team members are aligned with the overall vision. Successful implementation requires effective communication, monitoring progress, and making adjustments as needed to overcome challenges and capitalize on opportunities. Ultimately, it bridges the gap between planning and execution, ensuring that strategies lead to tangible results.
Discuss process for analyzing impact of information on strategic decision made?
To analyze the impact of information on strategic decisions, first, gather relevant data and insights from various sources, including market research, competitor analysis, and internal performance metrics. Next, assess how this information aligns with the organization’s goals and strategic objectives. Employ analytical tools and frameworks, such as SWOT analysis or scenario planning, to evaluate potential outcomes and risks. Finally, monitor the results of the decision over time to measure effectiveness and make necessary adjustments based on real-world feedback.
Induced strategic behavior?
Induced strategic behavior is a top-down process that link current strategy and structure to create innovation intertwined with that strategy and structure. This form of venturing filters strategy a structural hierarchy and results in internal innovation that is highly consistent with the firm's current strategy.
What are the results of market research?
Market research results provide insights into consumer preferences, behaviors, and trends, helping businesses understand their target audience. These findings can reveal market opportunities, competitive dynamics, and potential challenges. Ultimately, the results guide strategic decisions, such as product development, pricing strategies, and marketing approaches, enabling companies to align their offerings with customer needs.
What is the agreement among two of more companies to join forces to pursue specific opportunities without actually merging their operations?
That may be called a "Strategic Marketing Agreement". It would outline who will contribute goods, services & funds into the effort and how the results will be shared.
Learning is a process by which experience results in?
relatively permanent change in behavior or potential behavior ok
What is an exchange of information that results in a change of behavior called?
An exchange of information that results in a change of behavior is called an influence. For example, you have a habit of smoking. You are given information about the health risks, and you then change your behavior to quit smoking.
Should a strategic plan be a living document that is updated annually and include measurable results?
Yes indeed, a living document keep you on track and it is recommended to update as regularly as possible. this will help you to identify opportunities and dangers in time so that you can act before it is too late. If you do not update, then you are not growing.
Can you provide examples of how the concept of "critical thinking" is applied in real-world situations?
Critical thinking is used in real-world situations when people analyze information, evaluate evidence, and make reasoned decisions. For example, a doctor uses critical thinking to diagnose a patient's illness by considering symptoms, test results, and medical knowledge. In business, a manager uses critical thinking to assess market trends, analyze data, and make strategic decisions. In everyday life, individuals use critical thinking to solve problems, weigh options, and make informed choices.
What skills enabled Galileo to interpret the results of his experiments?
critical thinking
What are the elements of behaviour?
The elements of behavior include antecedents (events that precede a behavior), the behavior itself, and consequences (results of the behavior). These elements interact in the ABC model of behavior: Antecedent-Behavior-Consequence. Understanding these elements can help in modifying and shaping behavior.
Can a CPA help me with strategic tax resolutions or do I need a lawyer?
A CPA can help you with strategic tax resolution. However for best results you want someone who is both a CPA as well as an attorney.
What are three ways a teacher could use the results of the adaptive behavior scales to increase adaptive behavior skills?
Identify specific areas of strength and weakness in adaptive behavior skills to inform individualized instruction and support plans. Set specific, measurable goals for each student based on their adaptive behavior scale results and track progress over time. Collaborate with other professionals, such as speech therapists or occupational therapists, to create a comprehensive intervention plan that targets specific adaptive behavior deficits.
What are opportunities for a manager having a wide span of control?
well the opportunities can only be results based, having positive meaning results will let the manager progress to next challenging tasks, bad results will be time consuming as more time is spent in trying to do the right things towards achieving the intended goal.
