semis 2nd reporter

Question 1

The __________ at the business level must be anchored on the objectives of a business unit.

Answer 1

programs, budgets, and procedures

Question 2

they formulate and implement strategies

Answer 2

middle and lower-level managers

Question 3

what to accomplish and when

Answer 3

Business and Functional Level Objectives

Question 4

Activities needed to achieve the objective

Answer 4

Programs

Question 5

Expected revenue and cost of the program

Answer 5

Budgets

Question 6

Steps to accomplish the program

Answer 6

P r o c e d u r e s

Question 7

a plan embodying the different activities that must be accomplished to achieve objectives of a company through the efficient utilization of resources.

Answer 7

strategic program

Question 8

SMART stands for

Answer 8

Specific, Measurable, Attainable, Realistic, Time-bound

Question 9

a plan expressed in quantitative, monetary value.

Answer 9

budget

Question 10

specify the detailed or step-by-step process to be carried out to achieve the completion of a program

Answer 10

Procedures or standard operating procedures (SOP)

Question 11

the procedures must be _______ to discourage finger-pointing in times when results are not favorable or cannot be determined

Answer 11

documented

Question 12

vary in content and structure across business and functional units.

Answer 12

Programs

Question 13

the setting of a program is spearhead by a business level manager. It is participated by different functional level managers and other key personnel of a particular division.

Answer 13

business level,

Question 14

the setting of a program is spearhead by a functional level manager with the participation of important, lead employees of different subunits.

Answer 14

functional level,

Question 15

is a quantifiable form of measurement used to determine how a company effectively achieves its objectives.

Answer 15

Key Performance Indicators (KPI)

Question 16

may serve as the cap that will limit the setting of the budgeted amount.

Answer 16

Resources of a company

Question 17

may serve as a control mechanism in the implementation of a strategy

Answer 17

Budget

Question 18

• uses simple sentences in listing down the procedures to be carried out to accomplish a program

Answer 18

Simple-step Format

Question 19

• is employed when there are several long procedures involved, and each major step contains several substeps

Answer 19

Hierarchichal-step Format

Question 20

is adopted when there are infinite steps to be carried out since the results may be unpredictable.

Answer 20

Flowchart Format -

Question 21

in this level, we need to consider important aspects in understanding how to implement the strategic implementation sa business level and how we are going to effectively discuss it with our people.

Answer 21

Strategy Implementation (BUSINESS LEVEL)

Question 22

• the implement strategies to distinguish the business from competitors. This could involve marketing, product innovation, or superior customer service.

Answer 22

Differentiation

Question 23

this will focus on operational efficiency in order for us to achieve cost advantages against our competitors.

Answer 23

Cost Leadership-

Question 24

as entrepreneurs, we must align our organization to meet the customer’s needs and preferences. This involves tailoring your products, services, and customer’s experiences accordingly.

Answer 24

Customer Focus-

Question 25

identifying a target specific market segment. it helps in marketing, sales and distribution efforts to effectively reach and serve these segments.

Answer 25

Market Segmentation-

Question 26

monitoring and analyzing your competitors for us to adapt the strategies accordingly. This may involve adjusting pricing, adjusting your marketing, and adjusting the product features to respond to the market dynamic.

Answer 26

Competitive Analysis -

Question 27

• creating organizational structures that allow the agility and quick response to market changes. This could involve a cross-functional team. Under ani is decentralization, decision-making, or flexible resource allocation.

Answer 27

Agile and Responsive Structures

Question 28

• in this level, we need to be more knowledgeable about the operations, marketing and sales, human resources, technology and innovation, financial management, collaboration and
  communication.

Answer 28

Strategy Implementation (FUNCTIONAL LEVEL):

Question 29

• this is to ensure the operational processes are aligned with the overall business strategy. This will involve the process optimization, quality improvement, or the efficiency measures.

Answer 29

Operations

Question 30

it is very important to develop marketing strategies that will support the business level strategy. That includes the branding, promotion, pricing, and distribution. It is also important to align sales efforts with target market segments and customer needs that identify at the business level.

Answer 30

Marketing and Sales-

Question 31

is the one responsible to recruit, train, and retain employees with skills and competencies aligned with the functional and business strategies.

Answer 31

Human Resources-

Question 32

this is the integrated technology that will support the functional strategies. This could involve adapting new tools, systems, and digital platforms. This will also help you foster a culture innovation that will continually improve your products, processes, and services.

Answer 32

Technology and Innovation-

Question 33

will allocate financial resources in line with the functional priority. This will also involve budgeting, cost control, investment decisions that will surely support the overall business strategy. this is to implement financial measures to track and evaluate the functional performance.

Answer 33

financial management

Question 34

This ensures a cohesive approach strategy implementation that will avoid siloed thinking sa different function areas. This will also develop communication channels that keep all the function areas to be informed about the strategic goals and progress.

Answer 34

Collaboration and Communication

Question 35

serve as the roadmap in the implementation of business and functional level strategies.

Answer 35

programs, budgets, and guidelines