Explain why it might be argued that the formulation of a company’s strategy is the responsibility of a Chief Executive Officer of a company.
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Explain why it might be argued that the formulation of a company’s strategy is the responsibility of a Chief Executive Officer of a company.
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- Explain the fundamental principles of the business strategy and how does it vary from the corporate strategy ?Briefly explain why it is important for an organization to have a clear strategy and mission statement.Discuss the fundamental principles of the business strategy and how does it vary from the corporate strategy?
- There are a number of techniques employed to conduct an analysis of strategy options from which an organization can choose and implement to aid its attainment of long term objectives. As a staff of Despite Group of Companies, co-opted into a strategic planning committee, you have been tasked to do the following; Required: i. Explain each of the four quadrants in this matrix by identifying where each named subsidiary within the Despite Group falls with a description of appropriate strategies that may work out for eachExplore the concept of strategic alignment and discuss how organizations can ensure that their long-term plans are closely aligned with their mission, vision, values, and overall corporate objectives.6. Discuss the indicators of whether a company’s strategy is working well.
- Why is it important for organizations to have a clearly defined mission?At what points in the strategic planning process is it particularly important to get input from the top management? From external stakeholders? From service delivery staff?Every organization has a mission statement. Choose an organization (your choice) and list its strategic mission. Based on its current outcomes, does the mission accurately reflect its current strategy? Why or why not?