The allocation of resources for strategy implementation is determined by
a. reviewing the financial records for the firm over a period of years.
b. analyzing the strengths and weaknesses of the firm, establishing long and short-termobjectives, and evaluating progress being made toward those goals.
c. analyzing the use of human and material resources in each unit and across the firm.
d. examining the annual reports and other information that the firm has released for the past five years.
Strategy implementation can be defined as
a. the core competencies for a firm.
b. the process of defining the culture and values of an organization.
c. the process of allocating resources on a consistent basis to the products and services that
yield the highest levels of cash flow to equity on a long term basis.
d. determining what products and services will produce the highest levels of cash flow.
What is the body of knowledge?
What will be an ideal response?
Which of the following meeting agenda shows that the company is a typical firm?
a. Discuss new business opportunities.
b. Trying to identify who was at fault and why.
c. Discuss the performance of present competitive methods
d. Assess the strengths and weaknesses relevant to the most important CMs.
What is the challenge when you have so much information?
What will be an ideal response?
Which of the following shows that the company is a strategically oriented firm?
a. focusing attention on past or very short-term issues.
b. people attending the meeting and focusing upon what went wrong since the last meeting.
c. people blaming each other
d. people attending the meeting agenda and discussing new business opportunities.
Discuss the importance of the timing issue in environmental scanning.
What will be an ideal response?
The adage, plan to work and work the plan, in relation to strategy implementation, refers to
a. checking the problems from the previous week, and forecasting the business of this week.
b. planning the duties of the day and then doing the duties that have been planned.
c. executing the strategy, reviewing the contingencies in the environment, considering the customer performance, asking the owners what they think, and writing a performance report.
d. formulating the strategy, developing the objectives, putting the objectives into action,
and making changes if and where necessary.
What are the information media?
What will be an ideal response?
What implementation effort should be done to develop long and short term objectives?
a. establishing performance measures and action plans.
b. determining resources needed to bring all weaknesses up to par.
c. identifying the responsibilities and accountabilities relative to bringing success to
alignment and implementation.
d. all of the above.
Quick Reply
