What must executives decide when formulating a corporate strategy?
What will be an ideal response?
Executives must decide:
1. In what stages of the industry value chain to participate. The industry value chain describes the transformation of raw materials into finished goods and services along distinct vertical stages. This decision determines the firm's vertical integration.
2. What range of products and services to offer. This decision determines the firm's level of diversification.
3. Where to compete in terms of regional, national, or international markets. This decision determines the firm's geographic scope.
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Which type of culture focuses on supporting employees’ strengths, increasing morale, and providing rewards for good work?
A. market B. clan C. positive organizational D. communal
Discuss any ethical issues raised by the following actions. Big Store's rate of return on assets (ROA) has fallen below analysts' expectations in recent years because the firm, a retailer, has added a significant number of new stores (increasing assets
in the denominator of ROA) prior to these stores generating earnings (ultimately increasing the numerator of ROA). Big Store decides to curtail the opening of new stores for two years in an effort to allow the earnings of new stores to catch up with the investments it made previously in store assets, thereby increasing its ROA. Management plans to restart the growth in stores after the two years.
What is the best advice to follow when participating in workplace conversations?
A) Act professionally in all social situations. B) ?Address all supervisors and customers by their first name. C) ?Avoid praising others so that you do not come across as a "brownnoser." D) ?Feel free to openly discuss your workplace frustrations with all colleagues.
Property of a person who dies without a will is distributed according to intestacy laws
a. True b. False Indicate whether the statement is true or false