Strat

Question 1

The foundation for successfully using the strategic management process.

Answer 1

Effective strategic leadership

Question 2

Guide the firm in ways that result in forming a vision and mission.

Answer 2

Strategic leaders

Question 3

To operate functionally and effectively, the team must be composed of

Answer 3

Heterogeneous group of executives

Question 4

Managerial leadership capabilities and with varied knowledge

Answer 4

Managers

Question 5

The policy making body of the corporate organization.

Answer 5

Board of directors

Question 6

The implementing arm of the board with regards to the policy decision

Answer 6

Chief operating officer

Question 7

A very critical organization decision as it has important implication to the firm’s performance

Answer 7

staffing of corporate team members

Question 8

An attempt to select and shape leaders for effective performance in the corporate world of business

Answer 8

Managerial intervention for corporate government

Question 9

The assessment of people within the organization who are ready for corporate governance

Answer 9

Internal sourcing strategy

Question 10

The process of collecting career positions from outside the organization other than the one for which they were currently

Answer 10

External sourcing strategies

Question 11

Firm must take action in order to survive the present business environment

Answer 11

Strategic entrepreneurship formation

Question 12

Are necessary to create the firm’s advantage in terms of market share and profitability

Answer 12

Entrepreneurial strategies

Question 13

The key to competitive success in the development of entrepreneurship is through innovation

Answer 13

Innovation for entrepreneurial information

Question 14

The art and science formal process of looking ahead on the course of action that firm goes from where it started in terms of strength and capabilities as he looks for opportunities and threats in the business environment

Answer 14

Entrepreneurial visioning

Question 15

It requires foresight and the development of business directional map towards the distined business future

Answer 15

Setting goals and objectives

Question 16

It seeks to put in place and needs and wants of the customers and develop the necessary strategies on what to do about them

Answer 16

Defining the firm strategies

Question 17

It carefully planned strategies defining the steps to be followed in tracking the activities toward the attainment of policy laid down in the planning process

Answer 17

Setting strategies procedure

Question 18

When procedure are properly identified the timing of activities must be put in place

Answer 18

Setting the timelines

Question 19

Budgets are sets of financial programs that will be necessary to implement targeted strategies

Answer 19

Setting and allocating capital resources

Question 20

The process of taking inventory of the skills, capabilities and individuals

Answer 20

Determining the human capital

Question 21

The development of salary structures based on education, duties and individuals responsibilities, technical and managerial skills and other factors would enable the firm to get people with proper capabilities to perform and needed strategies

Answer 21

Setting the compensational strategies

Question 22

The development of work values and attitude towards work are important indicators for effective performance

Answer 22

Settings performance target

Question 23

Needs effective coordination and control of the operation and development a culture of excellence coupled with hard work and dedication that fosters operational level for sound performance

Answer 23

Management

Question 24

Must have cash value in the management of the organization which stands for

Answer 24

Top management

Question 25

The ability to manage the firm towards its vision and mission and to direct the organization to the attainment of its projected above-average return

Answer 25

Competencies

Question 26

It is a personal commitment for excellent in handling the organization system of the firm. It is putting aside personal interest for the higher interest of the firm

Answer 26

Attitude

Question 27

As part of the management team, managers must have conceptual, human and technical skills in order to be effective visioning and planning strategies

Answer 27

Skills

Question 28

Refers to the personal discipline that is developed in the individual manager in handling himself with various public in the organization

Answer 28

Habits

Question 29

Are born with intellectual capacity to think and to conceptualize

Answer 29

Effective leaders

Question 30

Honed by time and consistent practice of human management

Answer 30

Leadership

Question 31

It requires world class development process and investment that would be able to compete not only in the local market but globally

Answer 31

Production innovation strategy

Question 32

Must be standardized to sustain economic productivity and to reduce operating cost

Answer 32

Production schedule and work process

Question 33

It refers to the final review of the implementation of the strategies that were made during the planning and formulation stage where the program and stage as the environment keep on changing as a firm implement the strategies

Answer 33

Strategic evaluation process

Question 34

Should be done in order to assess the effectiveness of the strategies so that adjustment could be made to improve and revise existing strategies

Answer 34

Evaluation

Question 35

The measuring instrument that will be applied are in consonance with existing strategies against the trends and individual performance of the team player

Answer 35

Systematic

Question 36

Refers to the extent of performance made in terms of production output, quality of product and market acceptability

Answer 36

Measurability

Question 37

The strategies must be acceptable to the team players as they are achievable and provide criterion for the maintenance of the firm competitive advantage

Answer 37

Acceptability

Question 38

Strategies must be measured in terms of result in carrying out the competitive advantage

Answer 38

Result oriented

Question 39

Effective strategic implementation needs to be monitored in timely manner, accurate and relevantly measured

Answer 39

Time bound