A results from tough long-term managerial choices among numerous good alternatives, and it indicates commitment to specific markets, policies, procedures, and operations.
Organization’s long-term objectives mean:
One month only
Six months only
More than a year
3 Months only
A fundamental difference between business strategy and military is that business strategy is formulated, implemented, and evaluated with an assumption of whereas, military strategy is based on an assumption of .
A good mission statement .
allows for the generation and consideration of a range of feasible alternative objectives and strategies without unduly stifling management creativity.
needs to be narrow to stop anything new happening in the organization.
is for Operational management only.
is for Accounting Department only.
An external audit is identifying rival firms and determining:
their strengths, weaknesses, capabilities, opportunities, threats, and objectives.
their shareholder details
All of the above
As per Resource Based View (RBV), firm structure and database are examples of
management information system
include a large market share, quicker on time delivery than rivals, shorter