What are the essential components of corporate strategy and how are they related?
What will be an ideal response?
The essential components of corporate strategy are mission, objectives, strategy, goals, and programs. A hierarchical model is presented in the chapter where mission resides at the tip of a pyramid, objectives that more formally define the mission support it, and strategy, goals, and programs underlie the objectives. These strategic elements must align with each other in order for an organization to be successful long term.
You might also like to view...
______stories capture and communicate a compelling and specific description of what things will look and feel like when the future is achieved.
Fill in the blank(s) with the appropriate word(s).
Which of the following is NOT a consequence faced by companies that relocate their facilities?
a. relocation costs b. bad publicity c. drop in market share d. loss of goodwill from consumers
Sketch the project control cycle and discuss the activities that take place in each step
What will be an ideal response?
Paradiso Company manufactures dolls that are sold to various distributors
The company produces at full capacity for six months each year to meet peak demand; the manufacturing facility operates at 80% of capacity for the other six months of the year. The company has provided the following data for the year: No. of units produced and sold 400,000 units Sales price $40 per unit Variable manufacturing costs $20 per unit Fixed manufacturing costs $1,000,000 per year Variable selling and administrative costs $5 per unit Fixed selling and administrative costs $500,000 per year Paradiso receives an offer to produce 6,000 dolls for a special event. This is a one-time opportunity during a period when the company has excess capacity. What is the minimum sales price the company should accept for the order? A) $15 B) $40 C) $20 D) $25