Business Integration & Strategic
Management - Peregrine - Section
Review Questions And Answers With
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Strategy is an organization's game plan to:
and answers the questions: - ANSWER✔✔ Create satisfied customers
Be ahead of competition
Achieve performance targets
Develop an eco-system that satisfies all stakeholders
Where are we now?
Where do we want to go?
How do we get there?
How will we know if we got there?
Match the term with its descriptor
A. Vision
B. Mission
C. Goals
D. Objective
, a statement that provides the rationale for an organization's existence.
an aspirational future state that an organization desires to be in.
represent the transition from the mission into specific and measurable aims.
generic or qualitative aims of a company - ANSWER✔✔ A. Vision: an aspirational
future state that an organization desires to be in.
B. Mission: a statement that provides the rationale for an organization's
existence.
C. Goals: generic or qualitative aims of a company
D. Objective: represent the transition from the mission into specific and
measurable aims.
The Five Tasks of Strategic Management - ANSWER✔✔ Developing a strategic
vision & business mission
Setting objectives
Crafting a strategy to achieve the objectives
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