304.5.1 & 304.5.3 Strategic Management
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| The set of decisions and actions that result in the formulation and implementation of plans designed to achieve a company's objectives is what? | show 🗑
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| show | Strategy
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| show | Formality
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| show | Corporate, business, and functional
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| The degree to which participation, responsibility, authority, and discretion in decision making are specified in strategic management is what? | show 🗑
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| show | Entrepreneurial Mode
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| The strategic formality associated with large firms that operate under a comprehensive, formal planning system is what? | show 🗑
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| show | Adaptive Mode
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| What are the benefits of strategic management? | show 🗑
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| The unique purpose that sets a company apart from others of its type and identifies the scope of its operations is what? | show 🗑
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| show | Long-term Objectives
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| show | Generic Strategies
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| The means by which objectives are achieved is what? | show 🗑
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| show | Short-term Objectives
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| Short-term, narrow scoped plans that detail the "mean" or activities that a company will use to achieve short-term objectives is what? | show 🗑
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| Predetermined decisions that substitute for managerial discretion in repetitive decision making is what? | show 🗑
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| show | Identify specific actions, establish clear time frame, create accountability, and achieve action
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| Tracking a strategy as it is being implemented detecting problems or changes in its underlying premises, and making necessary adjustments is what? | show 🗑
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| A form of strategic control in which managers are encouraged to be proactive in improving all operations of the firm is what? | show 🗑
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| show | Process
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| Influential people who are vitally interested in the actions of the business is what? | show 🗑
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| show | Dynamic
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| The unique purpose that sets a company apart from others of its type and identifies the scope of its operations in product, market, and technology terms. | show 🗑
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| show | Company Creed
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| show | Vision Statement
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| The group of stockholder representatives and strategic managers responsible for overseeing the creation and accomplishment of the company mission is what? | show 🗑
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| show | Formulate, Conduct, Assess, Analyze, Identify, Select, Develop, Implement, and Evaluate
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| What are the three economic goals that guide strategic diction of almost every business? | show 🗑
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| A company's statement of its philosophy is what? | show 🗑
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| What are the newest trends that have become prominent in the strategic planning for organizations for development and revisions of their mission statements? | show 🗑
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| show | Vision Statement
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| show | Board of Directors
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Created by:
Rika78
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