What are the five stages of the strategy-making, strategy-executing process and what does each one involve?
What will be an ideal response?
The managerial process of crafting and executing a company's strategy is an ongoing, continuous process consisting of five integrated stages: (1) developing a strategic vision, (2) setting objectives, (3) crafting strategy, (4) implementing and executing the chosen strategy, and (5) evaluating and analyzing the external environment and the company's internal situation and performance.
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Everett, Miguel, and Ramona are partners, sharing income 1:2:3 . After selling all of the assets for cash, dividing losses on realization, and paying liabilities, the balances in the capital accounts are as follows: Everett, $50,000 Cr.; Miguel, $40,000 Dr.; and Ramona, $30,000 Cr. How much cash should be distributed to Everett assuming that Miguel pays the deficiency?
a. $50,000 b. $20,000 c. $30,000 d. $40,000
The amortization of bond discount increases the effective interest expense incurred each period for the issuer while amortization of bond premium decreases it
a. True b. False Indicate whether the statement is true or false
The competing concepts under which organizations have conducted marketing activities include: the production concept, product concept, selling concept, marketing concept, and holistic marketing concept
Evaluate the advantages and disadvantages of each concept. Which concept do you believe is the most effective? Why?
Internal control is a process, effected by an entity's board of directors, management, and other personnel, designed to provide reasonable assurance regarding the achievement of objectives relating to operations, reporting, and compliance
a. True b. False Indicate whether the statement is true or false