Strategy Class Questions

questions from Gundy

12 cards·by sarah83634@gmail.com

What is strategic Planning

The process of setting goals and designing a path toward a competitive position.

What can a company do to best be successful at a strategy?

Use the Organizations structure to align wiht its strategy

What can a company do to best be successful at strategic planning?

Obtain sufficient commitment from management

How should an HR department best cocome strategically focused

Sense changes in the environment

In a compnay, what are primary activities that create value?

Research and Development

How can an organization best achieve competitive advantage?

Be superior in at least on functional area of the value chain

How can stakeholders in a company be best satisfied?

Recognize that various stakeholders' expectations vary widely

What is the first phase of the strategic planning process?

Formulation

An organization uses HR to help develop training for engineers who are the key to developing th erpoduct. What type of strategy is this?

Functional

What is the first stage of strategic planning

Gathering , sorting and prioritizing the internal and external information to determine what he organizaiton wants

What doe the "E" in PESTEl analysis stand for?

Enviornment

How can HR best help the company regarding the technological category "T" in PESTEL analysis?

Develop a recruiting program to attract new sources of highly skilled technical workers