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?

    <p>Implementing and managing strategy during day-to-day operations</p> Signup and view all the answers

    What is the primary purpose of strategic performance management?

    <p>To monitor and review the delivery of strategic goals</p> Signup and view all the answers

    What are strategic control levers?

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

    What is the primary role of strategic leadership?

    <p>To guide the organization to achieve its purpose</p> Signup and view all the answers

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

    <p>Because it sets the tone for the rest of the organization</p> Signup and view all the answers

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

    <p>It enables the implementation management of strategic goals</p> Signup and view all the answers

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

    <p>Implementing and managing strategy during day-to-day operations</p> Signup and view all the answers

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