What strategic management activity do company managers undertake so they can later measure success or failure at every organizational level?

1, Publicizing promotions
2, Setting goals
3, Devising strategies
4, Planning tactics
5, Auditing skills


Ans: 2. Setting Goals.

Explanation: Setting goals is the activity whereby companies aim to achieve some objectives and devise strategies to achieve those goals. At the end of the period,goals act as indicator of success or failure and hence are important for the management at every level to determine if the performance is at the desired level and take measures if it isn't.

Business

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The payment of dividends is a financing activity

a. True b. False Indicate whether the statement is true or false

Business

Jason Electronics, Inc. (JEI) ? Jason Electronics, Inc., is an electronics manufacturer that creates circuits for various electronic products. Currently, the company has eight locations. It prides itself on its fast production process. ? Rick is the newly appointed head operations manager of the company-and he is hoping to contribute to the company in a meaningful way. Rick has decided that there are several aspects of the production process that need to be changed or improved. One such aspect is quality control. He also wants to do some research to decide whether the company is moving in the right direction. In addition, he wishes to learn what other successful firms focus on so he can implement this knowledge at JEI. Refer to Jason Electronics, Inc. Which of the following objectives

would you advise Rick to focus on? A. Increasing the use of technology B. Increasing production costs to gain competitive position C. Improving the inspection process D. Eliminating expenses by reducing control procedures E. Obtaining new equipment to minimize technological expenses

Business

A(n) __________ is a communication structure in which team members communicate through a single individual to solve problems or make decisions.

Fill in the blank(s) with the appropriate word(s).

Business

How frequently will orders be placed?

Zip Games purchases blank DVD disks onto which it copies its software for sale through its mail-order operation. A disk costs Zip $0.20. Processing an order for more disks cost $15. Zip uses 60,000 disks annually, and the company has a 25% cost of capital.

Business