A fashion magazine plans to cut down on its fashion-related content and provides the space instead for high-priced advertisements, but somehow fails to convince giant fashion brands to advertise in its magazine. What do we understand from this failure?
What will be an ideal response?
Utilizing space for advertisements was a great strategy to earn profits but poor planning and execution of this strategy led to its failure. Good strategy and good strategy execution are the most telling signs of good management. The rationale for using the twin standards of good strategy making and good strategy execution to determine whether a company is well managed is therefore compelling: The better conceived a company's strategy and the more competently it is executed, the more likely the company will be a standout performer in the marketplace.
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In a ____________, regional and/or country managers are given substantial autonomy to adapt strategies to fit local situations.
A. global area division structure B. regional lattice structure C. regional headquarters structure D. global product division structure E. global transnational division structure
Vision + Skills + Incentives + Resources + Delivery System + Measurement = Unsurpassed Employees = Wow Service = ?
a. Unfulfilled Guests b. Delighted Guests c. Confused Guests d. Complaining Guests
The value chain is also called the supply network
Indicate whether the statement is true or false
Over 25% of total employee compensation consists of fringe benefits
Indicate whether the statement is true or false.