What are the elements of a good strategy? Provide the elements and briefly explain how they are accomplished.
What will be an ideal response?
A good strategy consists of three elements:
1. A diagnosis of the competitive challenge. This element is accomplished through strategy analysis of the firm's external and internal environments.
2. A guiding policy to address the competitive challenge. This element is accomplished through strategy formulation, resulting in the firm's corporate, business, and functional strategies.
3. A set of coherent actions to implement the firm's guiding policy. This element is accomplished through strategy implementation.
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If a corporation declares a 2-for-1 stock split, which of the following is true?
A) The amount of stockholders' equity doubles as a result of the split. B) The amount of capital stock doubles as a result of the split. C) The price of each share will be doubled as a result of the split. D) A stockholder who previously held 100 shares will have 200 shares after the split.
What are the steps in designing a point plan?
What will be an ideal response?
A controllable input for a linear programming model is known as a _____
a. parameter b. decision variable c. dummy variable d. constraint
What is the blending of computers and wireless telecommunications technologies with the goal of efficiently conveying information over vast networks to improve business operations?
A. Mobile commerce. B. Telematics. C. Electronic tagging. D. Radio frequency identification.