Reporter 1 Corporate Level

Question 1

Refers to activities or processes which ensures that comprehensive plans formulated at the three levels of management are efficiently executed to achieve the goals and objectives of the company

Answer 1

Strategic Implementation

Question 2

Involves a series of processes to achieve a particular goal

Answer 2

Implementation

Question 3

Types of Business organization

Answer 3

1. Sole proprietorship
2. Partnership
3. Corporation

Question 4

Business organization may engage in

Answer 4

1. Merchandising
2. Service
3. Manufacturing

Question 5

Elements that influence the ability of a business organization

Answer 5

1. Patterns of relationship
2. Management control system
3. Leadership style
4. Reward and career system
5. Corporate governance

Question 6

Exist because of the adopted formal structure, which is reflected in an organizational chart

Answer 6

Formal relationships

Question 7

Are created because of informal groups existing and operating in a company

Answer 7

Informal relationships

Question 8

Different organizational structure that influence the patterns of relationship of people

Answer 8

1. Flat structure
2. Functional structure
3. Divisional structure
4. Matrix structure

Question 9

Exist when there are only few or no layers of management between the managers and employees

Answer 9

Flat structure

Question 10

Is divided into small units with specific functions such as marketing and finance

Answer 10

Functional structure

Question 11

Large companies that operates across geographical areas or worldwide adopt a divisional structure where their business activities are divided

Answer 11

Divisional structure

Question 12

Is a hybrid of the functional and divisional structure

Answer 12

Matrix structure

Question 13

A tool that collects and uses information to assist management in monitoring and reviewing the activities and performances of diff functional units

Answer 13

Management control system

Question 14

Practiced in a company greatly influences the degree and seriousness of strategic management implementation

Answer 14

Leadership style

Question 15

Is a critical factor in the effective implementation of strategic management

Answer 15

Reward and career system

Question 16

Provides job security and opportunities for career advancement

Answer 16

Reward and career system

Question 17

Refers to the relationships among shareholders, the board of directors and the management in terms of function, roles, respon and acc

Answer 17

Corporate governance

Question 18

The one who implement company’s strategy

Answer 18

1. CEO
2. COO
3. PRESIDENT
4. VICE PRES
5. SENIOR MANAGERS

Question 19

A corporate level strategy is implemented through the formulation of the following

Answer 19

1. Vision and mission
2. Goals and objectives
3. Strategy and policies

Question 20

What does the business want to become?

Answer 20

Vision

Question 21

What is our business now?

Answer 21

Mission

Question 22

To improve the business profitability level

To increase the company’s market share

Answer 22

Goals and objectives

Question 23

Is a plan formulated to effectively achieve a company’s mission and objectives through the efficient utilization of resources

Answer 23

Strategy

Question 24

Are internal broad guidelines intended to support the formulation of a strategy in order to achieve organizational goals and objectives through the proper utilization of resources

Answer 24

Policies

Question 25

Overall direction of a company

Answer 25

Vision

Question 26

Purpose of a company’s existence

Answer 26

Mission

Question 27

Broad results to accomplish

Answer 27

Goals

Question 28

Specific results to achieve

Answer 28

Objectives

Question 29

Plan to achieve the goals and objectives

Answer 29

Strategy

Question 30

Broad guidelines to support the strategy

Answer 30

Policies