answer this If you want to find out what an organisation's strategy is, what action should you take?a. Look at what the organisation actually doesO b. Read the Strategic planO c. Ask the CEOO d. Read the mission statementIdentify the general transformation cycle:O a. Data to information to knowledgeO b. Information to data to knowledgeO c. Data to knowledge to informationO d. Knowledge to data to information What are the TWO (2) broad roles that Information Systems provide?O a. Improve business operations and reduce inaccuracies and capabilitiesO b.Automate business transactions and increase accuracy and efficiencyO c.Encourage job effectiveness and promote know-howO d. Process business transactions and decrease productivity and correctnessWhich of the following is a road map indicating the direction of systems development, the rationale, thecurrent situation, new developments to consider, the management strategy, the implementation plan and thebudget?Request for proposalStrategic planProject planO a.O b.O c.O d. Information systems plan

Business Strategy These refer to the organization's policies and procedures that have been…

Answered: If you want to find out what an…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

See similar textbooks

Similar questions

All of the following is related to the planning function of management except: O a. Budgeting O b. None of the given answers O c. Establishing goals O d. Performance reports е. Future oriented
There are so many avenues through which the concepts of strategic management could be appliedin real life.Required: a. With reference to the business model canvas, illustrate how thenine (9) elements interact in ascertaining how a business can sustainably generaterevenues. b. Using an organization of your choice, practically demonstrate your understanding of theorganization’s business model.
What type of management system would support the creation, organization and dissemination of business knowledge to staff throughout a company. a.Management information system. b.Strategic information system. c.Knowledge management system. d.Executive management system. Two concepts that shape much of the strategy that companies employ are: a.Value chain analysis and applying the five forces model. b.Applying the forces model and an integrated approach. c.Value chain analysis and having a competitive advantage. d.Applying the five forces model and having a competitive advantage. Profit and loss analysed by a company would need to access current sales figures and not access past sales figures from several years ago. What kind of information would this be? a.Information that is valid b.Information that is reliable. c.Information that is accurate. d.Information that is timely.
Which of the following defines what business or businesses the firm is in or should be in? O a. Business strategy O b. National Strategy O c. Functional Strategy O d. Corporate Strategy
The major functions of management are A. strategic management and long-range planning B. planning and decision making C. identifying threats and opportunities for the firm D. all of the above
1. The performance measurement system should encourage each manager to act in a manner that Select one: a. most positively supports the organization's mission and competitive strategies b. increases his/her performance reward in the form of profit sharing c. reduces the need for informational elements in support of the manager's planning function d. makes the manager's units profits as high as possible 2. Engaging in product design for manufacturability reduces Select one: a. Training costs Preproduction design time Assembly time Yes Yes Yes b. Training costs Preproduction design time Assembly time No No No c. Training costs Preproduction design time Assembly time Yes Yes No d. Training costs Preproduction design time Assembly time No Yes Yes
In the context of a SWOT analysis, which of the following would be considered a weakness for an organization? a. Changes in the economy b. Competitors entering the market c. Sluggish growth of industry d. Lack of a strategic plan e. Changes in technology
Opportunities and threats are: a) identified as part of the firm's tactical planning process. b) factors that are external to the firm but can still affect its performance C) factors that are internal to the firm and those over which the firm has a great deal of control. d) dealt with primarily in a furm's operational planning process.
Set up choose a public company to analyze. You may use the same company as the Value Chain & PEST analysis, but it should be part of a highly competitive environment, such as the motor industry or the streaming service. Once you have selected a company, read this email from your supervisor to learn more about what is expected in the analysis. TO: [Your Name]DATE: [Today's Date]FROM: [Name]SUBJECT: Competitive Analysis As you know, our company is part of a highly competitive market. The CEO is looking for ways to grow in the current market and potentially expand into new ones. Therefore, he has tasked our team and me to present possible solutions. To prepare, please analyze our main competitors and provide recommendations for competing in the market, which I can present to the CEO. I need your analysis and recommendations by the end of next week. In your report, include key takeaways about our competitors, suggestions on new areas we could compete in, ideas for diversifying…
A SWOT analysis is used to a. Analyse the SBU's b. Determine weakness and strength of the CEO c. Find causes of failure in the business d. Analyse the marketing environment to find attractive market segments It is winter time and Tom is bare back as he shivers because of the cold temperature. He wished he had shirt so he could stop shivering as the shivers make him feel like he is dying. This scenario is an example of a _______. a. Demand b. Wish c. Want d. Need Marie, the marketing supervisor at Chin’s Retail Ltd. has been directed to study the demographic, economic, natural, technological, political, and cultural factors that are larger societal forces affecting the company. Marie has been advised to study the ______________. a. the global environment b. the microenvironment c. the macroenvironment d. the internal environment
Q1)A. In which way such categories as Strategy, Organization and Information System are related? B. How IT can improve business processes?
6. Companies undertake strategic and possibly organizational change when: a. there are sharp changes in economic conditions that change competition within an industry b. there are changes in executive leadership c. the organization faces a threat to survival d. all of these are correct

SEE MORE QUESTIONS

Recommended textbooks for you

Understanding Business

Management

ISBN:

9781259929434

Author:

William Nickels

Publisher:

McGraw-Hill Education

Management (14th Edition)

Management

ISBN:

9780134527604

Author:

Stephen P. Robbins, Mary A. Coulter

Publisher:

PEARSON

Spreadsheet Modeling & Decision Analysis: A Pract…

Management

ISBN:

9781305947412

Author:

Cliff Ragsdale

Publisher:

Cengage Learning

Understanding Business

Management

ISBN:

9781259929434

Author:

William Nickels

Publisher:

McGraw-Hill Education

Management (14th Edition)

Management

ISBN:

9780134527604

Author:

Stephen P. Robbins, Mary A. Coulter

Publisher:

PEARSON

Spreadsheet Modeling & Decision Analysis: A Pract…

Management

ISBN:

9781305947412

Author:

Cliff Ragsdale

Publisher:

Cengage Learning

Management Information Systems: Managing The Digi…

Management

ISBN:

9780135191798

Author:

Kenneth C. Laudon, Jane P. Laudon

Publisher:

PEARSON

Business Essentials (12th Edition) (What's New in…

Management

ISBN:

9780134728391

Author:

Ronald J. Ebert, Ricky W. Griffin

Publisher:

PEARSON

Fundamentals of Management (10th Edition)

Management

ISBN:

9780134237473

Author:

Stephen P. Robbins, Mary A. Coulter, David A. De Cenzo

Publisher:

PEARSON

SEE MORE TEXTBOOKS

If you want to find out what an organisation's strategy is, what action should you take? O a. Look at what the organisation actually does O b. Read the Strategic plan O c. Ask the CEO O d. Read the mission statement