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Strategic Management > Semis 1st reporter > Flashcards

Semis 1st reporter Flashcards

1
Q

Involves a series of processes to achieve a particular goal.

A

IMPLEMENTATION

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2
Q

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 a company.

A

STRATEGY IMPLEMENTATION

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3
Q

Types of Business Organization:

A

Sole Proprietorship
Partnership
Corporation

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4
Q

business organization may engage in:

A

Merchandising
Service
Manufacturing

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5
Q

Elements that influence the ability of a business organization to divide and coordinate its various activities:

A

Patterns of Relationship
Management Control System
Leadership Style
Reward and Career System
Corporate Governance

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6
Q

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

A

Formal relationships

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7
Q

are created because of informal groups existing and operating in a company.

A

Informal relationships

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8
Q

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

A

flat structure

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9
Q

a company is divided into small units with specific functions such as marketing, finance, human resources, and production and operations

A

functional structure

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10
Q

large companies that operate across geographical areas or worldwide adopt a ______________ where their business activities are divided according to market, product, service, or region.

A

divisional structure

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11
Q

a hybrid of the functional and divisional structures

A

matrix structure

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12
Q

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

A

MANAGEMENT CONTROL SYSTEM

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13
Q

influences the degree and seriousness of strategic management implementation. Influence the patterns of relationship, control system, and reward and career systems within it.

A

LEADERSHIP STYLE

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14
Q

The ___________ of a company is a critical factor in the effective implementation of strategic management. motivates employees to perform outstandingly. The system includes compensation, benefits, recognition, and training and development

A

reward and career system

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15
Q

refers to the relationships among shareholders, the board of directors, and the management in terms of functions, roles, responsibilities, and accountabilities.

A

Corporate governance

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16
Q

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

A

strategy

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17
Q

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.

A

policies

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18
Q

The _____ must be consistent from the corporate level down to the functional level of a company.

A

VMGO

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19
Q

________ is important in the implementation of a strategy.

A

Consistency

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20
Q

overall direction of a company. defines what it wants to achieve in the future. Answers the questions, “What does the business want to become?”

A

vision

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21
Q

describes what a company should do to meet its vision. It defines the purpose of the existence of a company and answers the question, “What is our business now?”

A

mission

22
Q

broad results to accomplish. broad statements on how to achieve the vision of a company. They are not time-bound.

A

goals

23
Q

specific results to achieve. / are specific end results that a company wants to achieve within a specified time frame.

A

objectives

24
Q
  • owned by one person
A

Sole Proprietorship

25
Q
  • owned by two or more partners
A

Partnership

26
Q
  • organized by at least five, but not more than fifteen persons.
A

Corporation

27
Q

is composed of group of individuals working together for the attainment of specific goals and objectives. It must have the ability to divide activities and, at the same time, coordinate them to facilitate the achievement of its goals and objectives.

A

Organization

28
Q

can be characterized as good, effective, well- defined, and realistic if efficiently and successfully implemented.

A

Strategy

29
Q

facilitates the achievement of company goals and objectives

A

Strategy implementation

30
Q

influences the relationship of the people and the offices comprising.

A

organic structure of a company

31
Q

existing in a company contributes to the effective implementation of formulated strategies

A

Positive relationship

32
Q

is likely contributory factor in the poor implementation strategies

A

Unfavorable pattern of relationship

33
Q

The following are various leadership styles that can be employed by a company: give three (3)

A
  1. Autocratic
  2. Laissez-faire
  3. Democratic
  4. Bureaucratic
  5. Transformational
    6.Transactional
  6. Situational
34
Q

The one who implement company’s strategy is usually
composed of:

A

 CEO
 COO
 President
 Vice Presidents
 Senior Managers

35
Q

this statement must be clear, specific, and brief and preferably expressed in one short sentence

A

vision statement

36
Q

The statement must be clear and specific. It should include the philosophical values of a company; the treatment of employees, customers, and other stakeholders; and the maintenance of ethical standards.

A

mission statement

37
Q

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.

A

Policies

38
Q

to ensure that the organizational structure supports the chosen strategy. It includes aligning, reporting relationships, decision-making processes, communication channels to facilitate the strategy’s execution.

A

STRUCTURAL ALIGNMENT-

39
Q

effective to support whatever the strategic objectives of the company, business, or entity. This includes financial resources, human capital, technology, and key assets of the organization.

A

RESOURCE ALLOCATION-

40
Q

the blood of the business

A

financial resources

41
Q

this is about the effectiveness in leading your organization, in leading your human resources, in leading your people. This is crucial in implementing strategy. In this aspect, we must also cultivate an organizational structure that supports the strategy. This involves instilling values and norms that encourage the behaviors and attitudes consistent with the strategic objective.

A

LEADERSHIP AND CULTURE-

42
Q

we must regularly monitor and evaluate the performance against this matrix or the KPI.

A

performance management

43
Q

this is very essential to ensure that all employees understand the strategy. For the employees to execute their role properly. Also, as an effective manager towards your people, you must provide training programs to enhance the employee’s skills and capabilities.

A

COMMUNICATION AND TRAINING

44
Q

this is very essential to ensure that all employees understand the strategy. For the employees to execute their role properly.

A

communication

45
Q

you must provide programs to enhance the employee’s skills and capabilities.

A

training

46
Q

this is now establishing or establish control mechanics to monitor deviation from the strategic plans. This includes regular reviews, audits, and feedback. In implementing the strategy control system, you are also helping implement corrective action that is necessary to the strategy you implemented.

A

STRATEGY CONTROL SYSTEMS

47
Q

to foster a culture of continuous learning in order also for the human resource or the people of the organization to be encouraged to adopt and evolve based on their experiences and feedback.

A

ORGANIZATIONAL LEARNING-

48
Q

identifying and assessing the potential risks that could impact successful implementation of your strategy.

A

RISK MANAGEMENT-

49
Q

formulates and implements corporate level strategy

A

top level management

50
Q

Are the action words of the vision and mission, respectively.

A

GOALS AND OBJECTIVES

51
Q

at the top level management, the backbone of the vision and mission statements is the

A

corporate level strategy.

Strategic Management (4 decks)

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