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Organization and Strategic Planning

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Questions and Answers

What is downsizing often synonymous with in the context of business processes?

Streamlining operations to reduce costs

Merging with other companies to increase market share

Expanding into new markets to increase revenue

The use of information technology to overhaul business processes (correct)

What is the primary focus of strategic control?

Implementing new strategies in the organization

Improving employee morale and motivation

Developing new products and services

Monitoring and reviewing an organization's strategic purpose (correct)

Why has strategy's role in operations been a neglected field of strategic management?

It is too complex to implement effectively

There is a lack of understanding of its importance

It has been overshadowed by other areas of management (correct)

It is not seen as a critical component of strategy

What is strategy execution primarily concerned with?

Implementing and managing strategy during day-to-day operations Signup and view all the answers

What is the primary purpose of strategic performance management?

To monitor and review the delivery of strategic goals Signup and view all the answers

What are strategic control levers?

Four information-based mechanisms that senior managers use to direct an organization Signup and view all the answers

What is the primary role of strategic leadership?

To guide the organization to achieve its purpose Signup and view all the answers

Why is it essential to have the right approach from top management in strategic management?

Because it sets the tone for the rest of the organization Signup and view all the answers

What is the primary benefit of having a strategically controlled framework?

It enables the implementation management of strategic goals Signup and view all the answers

What is the primary focus of strategy management during day-to-day operations?