Briefly describe the "4As" framework of execution capability.
What will be an ideal response?
The "4As" required to successfully execute a strategy are as follows:Alignment.Alignment occurs in an organization when it has a clear strategic intent, its staff has shared performance expectations, and they are accountable for the results.Agility.Execution is about competing today and tomorrow. The key to execution increasingly depends on being agile, nimble, and proactive in the face of change.Architecture.A firm's architecture consists of its structures, processes, and systems. Ideally, they should be simple and streamlined so as to propel the firm to success. But too often a firm's architecture can end up being complicated and entangle a firm like a straightjacket.Ability.Products and processes are easy to duplicate. Talent is not. Strategy execution (and ultimately growth and profitability) depend on a firm's talent capacity-a talented group of leaders, managers,and employees working together in an engaged and collaborative way.?
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The most challenging part of applying the product life cycle concept is that managers do not know exactly what shape each product's life cycle will take.
Answer the following statement true (T) or false (F)
Variations in the supply and demand of services result in:
A. Over-promising in advertising and personal selling B. Insufficient word-of-mouth-communication C. Inadequate management of service promises D. Differences in policies and procedures across distribution units E. Inadequate horizontal communication
You should conduct a z-test instead of a one-sample t-test when…
There are two scatterplots shown below. The first chart shows the relationship between the size of the home and the selling price. The second chart examines the relationship between the number of bedrooms in the home and its selling price. Which of these two variables (the size of the home or the number of bedrooms) seems to have the stronger relationship with the home’s selling price?
Justify your answer.
