Henry Ford’s strategy was essentially the product of his ‘single brain.’ Much more recently, the incoming chief executive of a struggling global corporation told his senior management team that ‘from now on, I will decide the strategy and you will do the implementing.’ Is this even a remotely realistic proposition?
What will be an ideal response?
Like many other aspects of organizational life, it seems that strategic management exhibits polar
opposite postures (dichotomies), with periodic reversals or oscillations occurring between them,
usually in response to changing external circumstances or changes in the top management team. This
particular instance is the shift from decentralised to centralised managerial decision making and
control, typically the result of (perceived) crisis.
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______________________________ is the use of information technology to automate significant portions of the procurement process
Fill in the blank(s) with correct word
Which of the following transactions is recorded by selecting the "Receive payment" action of QuickBooks?
A) making electricity bill payments B) selling merchandise inventory on account C) collecting an account receivable from a customer D) paying interest to bondholders
One way a company can manage its expenditures is to rely on its creditors to give it time to pay for purchases
Indicate whether the statement is true or false
Phase III of the supply chain design and facility location process is to ______.
A. determine the configuration of regional facilities B. determine location choices C. design the supply chain D. select potential sites for locating facilities