Why does an effective organization need a strategic plan?
What will be an ideal response?
Strategic plans allow leadership to put down in writing the direction the organization is heading and how it plans to get there. In a competitive business environment, an effective organization utilizes carefully designed strategic plans in order to create and sustain its competitive advantages and profit position. A well-structured strategic plan outlines the rational for besting the competition in the market by exploiting market opportunities, maximizing organizational strengths, and playing off of the competitions' weaknesses. Efforts to address these issues typically result in a product or service that provides the customer with greater value, either through improved quality, favorable economics, or enhanced service or performance. Strategic plans are the battle plans that enable an organization to accomplish their objectives. By implementing these plans, organizations are able to better place their products or services in the market. Strategic plans establish a direction for the organization, the results of implementing these plans is dependent upon the plans themselves, the individuals implementing them, and the forces at work in the market.
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What happens to pressure drop through a horizontal pipe if the flow rate doubles?
a. No pressure drop is encountered b. The pressure stays the same c. The pressure drop decreases d. The pressure drop increases
Assume the MARR is 10% per year for this analysis. A presently owned machine that was purchased 8 years ago for $450,000 is under consideration for replacement. It has an annual operating cost of $120,000 per year and a salvage value of $40,000 whenever it is replaced. The challenger has a first cost of $670,000, an expected annual operating cost of $94,000, and a salvage value of $60,000 after its 10-year economic life. The breakeven market value of the presently owned machine required to make the AW values of the two machines the same, if the presently owned machine is kept for 5 more years and then replaced with the challenger that has the same AW, is closest to: (choose one)
(a) $196,340 (b) $255,390 (c) $325,360 (d ) $394,770
Engines with VTEC (variable timing electronic control) vary the valve duration to increase engine performance.
Answer the following statement true (T) or false (F)
Why should a technician never touch the glass ampoule of any halogen bulb?
A) The glass will melt from the heat of your finger B) The glass will crack C) Oils from a finger can cause a shorter service life D) You can get a significant burn