What is the difference between centralization and decentralization
in organizational structure? - <<<<ANSWERS>>>Centralization
concentrates decision-making authority, while decentralization
distributes it across various levels.
What are the characteristics of Mintzberg's organizational forms?
- <<<<ANSWERS>>>Simple structure, machine bureaucracy,
professional bureaucracy, divisionalized form, and adhocracy.
What is the definition of risk in strategic management? -
<<<<ANSWERS>>>The combination of the likelihood of an event
and its consequences.
What is meant by 'environmental turbulence'? -
<<<<ANSWERS>>>The degree of unpredictability and
complexity in the external environment affecting strategic
decisions.
What is the role of big data and data analytics in business
strategy? - <<<<ANSWERS>>>To analyze large volumes of data
for insights that drive strategic decision-making.
, What are the components of strategic capability? -
<<<<ANSWERS>>>Resources and competences that enable a
firm to achieve its objectives.
What does 'threshold competence' refer to? -
<<<<ANSWERS>>>The minimum level of competence required
to compete in a market.
What are the three levels of strategic planning? -
<<<<ANSWERS>>>Corporate, Business, and Functional
What are the two approaches to strategic management? -
<<<<ANSWERS>>>Rational/prescriptive and Emergent
(Mintzberg)
What is a key component of the rational approach to strategy? -
<<<<ANSWERS>>>Corporate appraisal, mission and objectives,
gap analysis, strategic choice, and implementation
What does 'fit firm to environment' refer to in strategic advantage?
- <<<<ANSWERS>>>Aligning customer needs, rivals,
stakeholders, and resources with the firm's capabilities
What is the purpose of a mission statement in strategic
management? - <<<<ANSWERS>>>It serves as the starting point
for the rational approach.
What are the characteristics of effective goals and objectives? -
<<<<ANSWERS>>>Specific, Measurable, Achievable, Relevant,
and Timebound (SMART)
What does Mendelow's power-interest matrix help analyze? -
<<<<ANSWERS>>>The power and interest of stakeholders in
relation to strategic management.
in organizational structure? - <<<<ANSWERS>>>Centralization
concentrates decision-making authority, while decentralization
distributes it across various levels.
What are the characteristics of Mintzberg's organizational forms?
- <<<<ANSWERS>>>Simple structure, machine bureaucracy,
professional bureaucracy, divisionalized form, and adhocracy.
What is the definition of risk in strategic management? -
<<<<ANSWERS>>>The combination of the likelihood of an event
and its consequences.
What is meant by 'environmental turbulence'? -
<<<<ANSWERS>>>The degree of unpredictability and
complexity in the external environment affecting strategic
decisions.
What is the role of big data and data analytics in business
strategy? - <<<<ANSWERS>>>To analyze large volumes of data
for insights that drive strategic decision-making.
, What are the components of strategic capability? -
<<<<ANSWERS>>>Resources and competences that enable a
firm to achieve its objectives.
What does 'threshold competence' refer to? -
<<<<ANSWERS>>>The minimum level of competence required
to compete in a market.
What are the three levels of strategic planning? -
<<<<ANSWERS>>>Corporate, Business, and Functional
What are the two approaches to strategic management? -
<<<<ANSWERS>>>Rational/prescriptive and Emergent
(Mintzberg)
What is a key component of the rational approach to strategy? -
<<<<ANSWERS>>>Corporate appraisal, mission and objectives,
gap analysis, strategic choice, and implementation
What does 'fit firm to environment' refer to in strategic advantage?
- <<<<ANSWERS>>>Aligning customer needs, rivals,
stakeholders, and resources with the firm's capabilities
What is the purpose of a mission statement in strategic
management? - <<<<ANSWERS>>>It serves as the starting point
for the rational approach.
What are the characteristics of effective goals and objectives? -
<<<<ANSWERS>>>Specific, Measurable, Achievable, Relevant,
and Timebound (SMART)
What does Mendelow's power-interest matrix help analyze? -
<<<<ANSWERS>>>The power and interest of stakeholders in
relation to strategic management.
