Strategic Audit of a Corporation

Business Policy & Decision Making 1. What is the study of strategies anxiety? autonomic nervous system: the study of strategies management therefore emphasizes the monitoring and evaluating of out-of-door opportunities and threats in light of a corporations strengths and weakness. Strategic management is that set of managerial decision and action that determine the languish run surgical process of a corporation 2.Give the evolution of strategicalal management ANS: it include environs scanning (Both impertinent and internal), system formulation ( strategic or long range think ), strategy implementation, and evaluation and control. 3.Has learning become part of strategic management? autonomic nervous system: strategic management has now evolved to the organise that its primary value is to help the organization operate undefeated in a dynamic, complex environment. To be competitive in dynamic environment, corporation has to become less bureaucratic and more flexible. 4.Explaining the term triggering events ANS: A Triggering event is something that stimulates a deepen in strategy. 5.

Some of the possible trigging event ANS: New chief executive officer, by asking a series of embarrassing question, the new CEO cuts through the veil of complacency and forces people to question the precise reason for the corporation existence Intervention by an external institution The firms bank suddenly war cry for payment in full n an old one. menace of a change in ownership, another firm whitethorn initiate a takeover by buying the familys common stock. Management recognition of a performance gap, A performance gap exists when performance does not toy expectation. 6.Strategic Management consist of how many basic element Ans: four basic elements 1 environment scanning, 2 strategy formulation, 3 strategy implementation and 4 evaluation and control 7. What is environment scanning? Ans; environment scanning is the monitoring, evaluating and disseminating of information from the external and internal environment to key people... If you want to get a full essay, order it on our website: Ordercustompaper.com

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