Project #78536 - Business Knowledge

 

 

 

 

1.     Explain the difference between a company's business model and a company's strategy. 

 

 

 

Company’s strategy directly focuses all  on the mission and objectives

 

 

 

 

 

2.     What is the connection between a company's strategy and its quest for sustainable competitive advantage? 

 

 

 

 

 

3.     List five things to look for in identifying the components of an organization's strategy. 

 

 

 

 

 

4.     Explain why a company's strategy cannot be completely planned out in advance and why crafting a company's strategy cannot be a one-time, once-and-for-all managerial exercise. Identify at least 3 factors that account for why company strategies evolve. 

 

 

 

 

 

5.     What are the five phases of the strategy-making, strategy-executing process and what does each one involve? 

 

 

 

 

 

6.     What are the roles/obligations of a company's board of directors in the strategy-making, strategy-executing process? 

 

 

 

 

 

7.     What is the meaning of the term "balanced scorecard?" What are the merits of using a balanced scorecard in judging a company's performance? 

 

 

 

 

 

8.     What is the difference between a mission statement and a strategic vision? 

 

 

 

 

 

9.     What is the strategy-making hierarchy for a diversified company? How does it differ from the strategy-making hierarchy for a single business company? 

 

 

 

 

 

10.  Is a strategy ethical if all of its elements are legal? Why or why not? 

 

Subject Business
Due By (Pacific Time) 08/09/2015 02:00 pm
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