Describe the three broad tasks of the AFI strategy framework and provide examples of the topics and questions that managers address in relation to each task.
What will be an ideal response?
Student examples will vary. A sample answer follows:
The three broad tasks of the AFI strategy framework are 1) strategy analysis, 2) strategy formulation, 3) strategy implementations. During strategy analysis, managers consider both the internal and external environment and how the firm's performance can produce a sustainable competitive advantage. During strategy formulation, managers devise a functional, business, and corporate strategy, determining how and where the firm should compete. During strategy implementation, managers consider how the firm should be organized to turn the formulated strategy into action, as well as how the firm's corporate governance and ethical values affect strategy implementation.
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The categorization of people based on physical characteristics such as skin color, dimensions of the human face, and hair is
a. ethnicity. b. race. c. creed. d. culture.
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A) diverting B) panic buying C) hoarding D) stockpiling E) forward buying
A disclosure checklist is a convenient documentation format for evidence that the auditor adequately evaluated the client's disclosures
a. True b. False Indicate whether the statement is true or false
What is not a correct description about a Gantt chart?
a. An American engineer, Henry Gantt, developed it in the 1910s. b. Originally, it was developed for studying manufacturing workers. c. It is a type of bar graphs showing project timelines. d. It is commonly used to illustrate risk factors associated with a project.