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Terms in this set (10)A company exhibits strategic intent when: It relentlessly pursues an ambitious strategic objective, concentrating the full force of its resources and competitive actions on achieving that objective Which of the following is the best example of a well-stated financial objective? Increase earnings per share by 15 percent annually Which of the following is the best example of a well-stated strategic objective? Overtake key competitors on product performance or quality within three years Strategic intent refers to a situation where a company: Relentlessly pursues an ambitious strategic objective Perhaps the most reliable way for e a company to improve its financial performance over time is to: Recognize that the achievement of strategic objectives signals that the company is well positioned to sustain or improve its performance Which of the following is NOT an accurate description of the task of creating a company's strategy? The task of crafting strategy is best done by a company's chief strategic planning officer, who should report directly to the company's CEO and board of directors Which of the following most accurately describes the task of crafting a company's strategy? The most a company's operations cut across different products, industries, and geographical areas, the more that headquarters executives have little option but to delegate considerable strategy-making authority to down-the-line managers in charge of particular subsidiaries, product lines, geographic sales offices, and plants Business strategy, as distinct from corporate strategy, is chiefly concerned with: Deciding how to build competitive advantage and improve performance in a particular line of business In a single-business company, the strategy-making hierarchy consists of: Business strategy, functional strategies, and operating strategies A company's values relate to such things as: Fair treatment, integrity, ethical behavior, innovativeness, teamwork, top-notch quality, superior customer service, social responsibility, and community citizenship Sets with similar termsMGMT CH 2 Quiz35 terms ckelien mgmt 495 Chapter 284 terms mckenzie_fitzgerald BUS 495 Chapters 1-230 terms Jan_D Sets found in the same folderStrategy Ch649 terms dihook MGMT425 775 terms dihook ACG 3501 Final Exam Study Sheet211 terms LordLlama Business Strategies Final Study122 terms erikahogsett Other sets by this creatorCh 35 terms cmac123 Ch 240 terms cmac123 Producer License Ch 152 terms cmac123 Practice Quiz314 terms cmac123 Recommended textbook solutionsService Management: Operations, Strategy, and Information Technology7th EditionJames Fitzsimmons, Mona Fitzsimmons 103 solutions
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What is a well stated strategic objective?Strategic objectives are high-level goals outlining what an organization wants to achieve, with a clearly stated deadline. Strategic objectives populate your plan's Focus Areas and are very specific. Each strategic objective contributes to at least one strategic Focus Area and, once completed, is replaced by another.
Which of the following is a characteristic of well stated objectives?A well-written objective should meet the following criteria: (1) describe a learning outcome, (2) be student oriented, (3) be observable (or describe an observable product).
Which of the following examples are characteristics of an effectively worded strategic vision statement?Which of the following are characteristics of an effectively worded strategic vision statement? From Table 2.2, it is evident that an effectively worded vision statement is graphic, directional, focused, flexible, feasible, desirable, and easy to communicate.
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