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- The obligations of an investor-owned company's board of directors in the strategy-making, strategy-executing process include A) taking the lead in developing the company's business model and strategic vision. B) coming up with compelling strategy proposals to debate against those put forward by top management. C) taking the lead in formulating the company's strategic plan but then delegating the task of implementing and executing the strategic plan to the company's CEO and other senior executives. D) overseeing the company's financial accounting and financial reporting practices and setting CEO compensation. E) approving the company's operating strategies, functional-area strategies, business strategy, and overall corporate strategy.Analyze each reaction against the proposed situation in: Counterproductive, Ineffective, Not very effective, Reasonably effective, Effective or Very effective. You are returning from a few days off. Tomorrow you need to make a presentation to the board and your manager has prepared the slides for you. He did this because he knew you would have little time and thought it best for you to focus on preparing the presentation itself. However, the slides are bad, with little impact and far from what you think is ideal. You: - Explain the situation to your manager, comment on what points the presentation might be best for and ask him to get the slides right before the presentation. Counterproductive Ineffective Not very effective Reasonably effective Effective Very effective - Focuses on improving the slides so that they are the way you would like them for tomorrow. Counterproductive Ineffective Not very effective Reasonably effective Effective Very effective - It fixes only a few…how to respond to this in 100 words? A stability strategy is a corporate strategy that focuses on maintaining the current business operations and staying consistent with existing products, markets, and business processes (Parnell, 2017). This strategy aims to avoid major changes and risks, and instead, focuses on optimizing efficiency and profitability within the current business model (Wang et al., 2020). There are many reasons why an organization may choose to adopt a stability strategy, as this strategy is usually adopted when a company operates in a stable industry with limited growth opportunities and has achieved a dominant market position (Parnell, 2017). Oftentimes, stability strategies are employed during times of uncertainty or economic downturn, making core business and resource conservation a priority (Wang et al., 2020). Although stability strategies appear to be less dynamic and aggressive in comparison to growth or innovation-focused strategies, stability strategies can,…
- The five-year meeting for setting a strategic plan requires management to have specific skills in all of the following areas except which of the following? Select one: a. handling information b. controlling the organization’s environment and its resources c. technical skills d. organizing and coordinatingBradley and company have employed you since April 2022 to be their new marketing and Sales Director. At the interview you were informed, that if successful, it’s an expectation that a marketing plan be prepared as the company is losing marketing share and wants to regain this loss and position in the marketplace. You are required to prepare a marketing plan to address the status of the company.You are the senior marketing manager for a manufacturing firm that is getting ready to launch its first e-commerce B2C Web site. The goal for the new site is to attract new customers from new markets and to boost sales by at least 5 percent by the end of the first year of operation.You have been asked by the CEO to prepare a 10-minute talk for the board of directors about basic business operating principles for the new Web site. You have decided to present the principles in terms of what processes (e.g., customer ordering, sales, and customer service) will stay the same and what will need to change in order to handle the new B2C customers.The CEO has asked you to stop by her office this afternoon to provide a preview of your talk. Prepare a brief outline emphasizing what will stay the same and what must change.
- Choose one, which of the following best summarizes findings from the article 'Mission, Vision, and Values: What do they say?' by Cady, Wheeler, DeWolf, and Brodke? The field of business ethics has failed to find a correlation in company value statements and ethical behavior. Corporate mission, vision, and value statements are often not understood or followed by members of the organization. Corporate statements and actions are not aligned. Mission, vision, and values are the most used titles for corporate documents. Many organizational statements contain so many unique concepts that they begin to suffer from high density.Implementation of a company’s strategic plan often begins by determining management’s basic expectations about future economic, competitive, and technological conditions, and their effects on anticipated goals, both long-term and short-term. Many firms at this stage conduct a situational analysis that involves examining their strengths and weaknesses and the external opportunities available and the threats that they might face from competitors. After performing the situational analysis, the organization identifies potential strategies that could enable achievement of its goals. Part of this process involves business managers creating budgets to plan for future operations, create benchmarks to measure progress, and maintain necessary accounting controls. The majority of literature that has used examples to describe a master budget have been limited to manufacturing companies. These companies tend to have comprehensive operating budgets and therefore serve as a good starting point in…Replace this text with your response to the following in 750–1,050 words (10–14 paragraphs): For this prompt, consider your personal and professional goals, including (but not limited to) such topics as self-enrichment (health, relationships, etc.), family life, social awareness/social change, finances, personal achievements, professional/career goals, leadership, etc. After considering these topics, address the following: Identify three to five things that you want to work on related to your personal and professional success. Describe the steps you will take to address each of these ideas. Explain how you will accomplish these steps (i.e., what is your plan?). Identify who can help or support you with these steps. Determine by when you will accomplish these steps (i.e., when is each due?). Based on your responses in items a–e, compose one SMART goal for each of the things you identified that you want to work on related to your personal and professional success.
- You own a company that makes after-market accessories for vehicles. You have 75 employees split in two facilities: one in Denver and one in Baltimore. The facility supervisor in Baltimore has abruptly quit to follow his wife on an overseas government appointment. You hired a former colleague who has everything needed to step in and take over the operation successfully. However, as the only woman at that site, she has been facing serious resistance to change since beginning three weeks ago. List the reasons why you think she is experiencing such resistance to change then explain how you would work to overcome this resistance with the 32 employees in that building. (please cite references)A compelling vision is a shared goal or aspiration that inspires and motivates members of an organization, team, or company to work together to achieve it. A compelling vision should be clear, concise, and easily understood by all members. It should also be aligned with the values and purpose of the organization and reflect the needs and desires of its stakeholders. When a compelling vision is effectively communicated and understood, it can unify members and create a sense of purpose and direction. Members can rally around the vision, align their efforts, and work collaboratively towards achieving it. Additionally, a compelling vision can also attract and retain talented individuals who share the same values and goals. However, for a vision to be effective in unifying members, it must be more than just a statement. It must be accompanied by actions and decisions that demonstrate a commitment to achieving the vision. Leaders must model the behaviors and attitudes that support the…Write and essay (200-250 words): only people who earn a lot money are successful. Do you agree or disagree with the following statement? Use specific reasons and examples to support your answer