Definitions
Task
Random
Review Question
Quiz Cont.
100
describes management's aspirations for the future and delineates the company's strategic course and long-term direction.
What is Strategic Vision
100
Developing a strategic vision, mission, and core values.
What is Task 1
100
What is my Name
What is Taylor
100
A strategic vision constitutes management's view and conclusions about the company's: A. long-term direction and what product-market-customer mix seems optimal. B. business model and the kind of value that it is trying to deliver to customers. C. story line of why the business will be a moneymaker. D. defined challenge to understand "who they are and what they do." E. long-term plan for out competing rivals and achieving a competitive advantage.
What is Answer A
100
relate to target outcomes that indicate a company is strengthening its market standing, competitive position, and future business prospects.
What is Strategic Objectives
200
a Firms ...... are the beliefs, traits, and behavioral norms that the firm's personnel are expected to display in conducting the firm' business and pursuing its strategic vision and mission
What is Core Values
200
Crafting a strategy to achieve the objectives and the company vision
What is Task 3
200
What is the head to head internet simulation called for this class?
What is Glo-Bus
200
What a company's top executives are saying about where the company is headed long term and about what the company's future product-market-customer-technology mix will be: A. indicates what kind of business model the company is going to have in the future. B. constitutes their strategic vision for the company. C. signals what the firm's strategy will be. D. serves to define the company's mission. E. indicates what the company's long-term strategic plan is.
What is Answer B
200
Who was the guy talking in the video Ted Talk
What is Simon Sinek
300
These are an organization's performance targets-the specific results management wants to achieve.
What is Objectives
300
Monitoring developments, evaluating performance and initiating corrective adjustments.
What is Task 5
300
What was the development that Dr. Larson worked at in Dahlonega
What is Achasta
300
Which of the following ARE common shortcomings of company vision statements? A. Too specific, too inflexible, and can't be achieved in five years. B. Unrealistic, unconventional, and un-businesslike. C. Too broad, vague or incomplete, bland/uninspiring, not distinctive, and too reliant on superlatives. D.Too broad, too narrow, and too risky. E. Not customer-driven, out of step with emerging technological trends, and too ambitious.
What is Answer C
300
A company needs financial objectives to: A. Spur company personnel to help the company overtake key competitors on such important measures as net profit margins and return on investment. B. communicate management's targets for financial performance and achieve strategic objectives. C. indicate to employees whether the emphasis should be on earnings per share, or return on investment, or return on assets, or positive cash flow. D. convince shareholders that top management is acting in their interests. E. counterbalance its pursuit of strategic objectives and have a balanced scorecard for judging the caliber of its overall performance.
What is Answer B.
400
This lays out its future direction and business purpose, performance targets, and strategy
What is strategic plan
400
What do you do in Task 2
What is Setting Objectives
400
What product are we selling in Glo-Bus
What is Camera
400
Who has a well written Mission Statement
What is Coke Cola
400
When is Chapter 2 Quiz due? Date
What is January 21
500
This is a widely used method for combing the use of both strategic and financial objectives, tracking their achievements, and giving management a more complete and balanced view of how well an organization is performing.
What is The Balanced Scorecard
500
What do you do in Task 4
What is Executing the strategy
500
What is Dr. Larson favorite newspaper
What is Wall Street Journal
500
relate to the financial performance targets management has established for the organization to achieve.
What is Financial Objectives
500
The managerial task of effectively conveying the essence of the strategic vision is made easier by: A. having operating strategies that are easy for company personnel to understand and execute. B. combining the strategic vision and the company's values statement into a single document. C. adopting a catchy slogan and then using it repeatedly to illuminate the direction and purpose of "where we are headed and why." D. waiting until the company realizes its mission and ensures the existing corporate culture is compatible with the new vision and direction. E. All of these.
What is Answer C
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