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Donaldson Test Questions & Answers 100% Correct!

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An Effective Strategy Is - ANSWERA comprehensive and coordinated pattern of actions, consciously selected in light of probable shifts in the environment, relative competencies of the firm and the predictable moves of intelligent competitors Not an additional overlay on business units, ...

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  • October 7, 2024
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  • 2024/2025
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  • Donaldson
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Donaldson Test Questions & Answers 100%
Correct!


An Effective Strategy Is - ANSWERA comprehensive and coordinated pattern of

actions, consciously selected in light of

probable shifts in the environment, relative

competencies of the firm and the predictable

moves of intelligent competitors



Not an additional overlay on business

units, it is the blueprint for running the

business!!



5 P's of Strategy - ANSWER• Plan

• Ploy

• Pattern

• Position

• Perspective



Strategic Planning Process - ANSWER- Critical evaluation of the external and internal

environment and the relative position of the

entity

- Formulation of strategies based on above

- Implementation of the chosen strategies

- Evaluation of the performance relative to the

plan and control metrics



Basic Process Flow - ANSWEREnvironmental Scanning - Strategy Formation - Strategy Implementation
- Evaluation and Control

, 3 Basic Strategies - ANSWER1. Organic - Do it yourself

2. Partner - Do it in concert with other(s)

• Outsource

• Partner/Joint Venture/Team

3. Acquire - Buy the capability/resource outright



Intended strategies: - ANSWERStrategy that an organization hopes to execute



Emergent strategies: - ANSWERUnplanned strategy that arises in response to unexpected
opportunities and challenges



Realized Strategies - ANSWERThe strategy that an organization actually follows. They

are a product of both intended and realized strategies



Deliberate Strategy - ANSWERThe parts of the intended strategy that an organization

continues to pursue over time



Non-realized strategy: - ANSWERThe parts of the intended strategy that are abandoned



Phases of Strategic Management - ANSWERPhase 1: Basic financial planning

Phase 2: Forecast-based planning

Phase 3: Externally oriented strategic planning

Phase 4: Strategic management



Budget Planning - ANSWERTypically historically driven

• Short term focus

• Driven by internal needs

• Numbers oriented

• Reactive to external

environment or competition

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