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- Sound marketing organisation is the backbone of effective marketing management .. what are the requisites of a sound marketing organisation ?20 - What is the correct order of strategic decision-making process? i. Evaluate current performance results ii. Scan and assess the internal corporate environment iii. Implement selected strategies iv. Review corporate governance v. Analyze strategic (SWOT) factors vi. Scan and assess the external environment vii. Generate, evaluate and select the best alternative strategy viii. Evaluate implemented strategies a) O 1- || - I – IV - V- VI - VII – VIII b) |- IV - VI - || - V - VII - III - VI c) O II - III - V -1- IV - VII - VIII - VI d) O VI - V- IV -1- || - ||| - VII – VIIIWhen using the strategic management process, firms should start by A) developing a strategic vision, mission and values. B) developing a proven business model, deciding on the company's top management team, and crafting a strategy. setting objectives, developing a business model, crafting a strategy, and deciding how much of the company's resources to employ in the pursuit of sustainable competitive advantage. C) coming up with a statement of the company's mission and communicating it to all employees, setting objectives, selecting a business model, and monitoring developments and initiating corrective adjustments to the business model when necessary. D) deciding on the company's board of directors, setting financial objectives, crafting a strategy, and choosing what business approaches and operating practices to employ.
- Which stakeholder(s) created the Tourism Tofino Strategic Business Plan, and which sector(s) do they represent?)2. Identify two existing plans or policies that were followed or considered in the creation of the Tourism Tofino Strategic Business Plan, and who created them? ()3. Identify four key local stakeholders mentioned in the Tourism Tofino Strategic Business Plan (other than Tourism Tofino). 4. Identify two key non-local stakeholders mentioned in the Tourism Tofino Strategic Business Plan. 5. What is the timescale of the Tourism Tofino Strategic Business Plan? (6. What kind of consultation was completed and how often was the public consulted? (7. Is the Tourism Tofino Strategic Business Plan an example of sustainable tourism development? Explain why or why not. Provide two reasons to support your answer. (8. Identify one environmental, one economic, and one socio-cultural impact mentioned in the Tourism Tofino Strategic Business Plan (3 impacts total. Impacts can be positive or…The strategic management process is shaped by A) external factors such as the industry's economic and competitive conditions and internal factors such as the company's collection of resources and capabilities. B) a company's customer value proposition and profit formula. C) the decisions made by the compensation and audit committees of the board of directors. D) the competitive actions of competing firms. E) actions to strengthen competitive capabilities and correct weaknesses.As a manager of an organisation, you may be involved in strategic planning for yourorganisation. As strategic planning is an important process that sets the strategic goals of theorganisation, managers have to carry out comprehensive analysis and evaluation of theorganisation’s External Opportunities and Threats (EOT), and the organisation’s InternalStrengths and Weaknesses (ISW).Propose the types of analysis and information that you need to carry out your organisation’sEOT and ISW.
- Mission statement should be: Select one: a. product-oriented b. market-oriented c. technology-oriented d. goods-oriented e. organization-orientedStrategic decision making can take place at various levels of an organization, what are the three most common? a. Operational, board and industrially b. Board of Directors, Chief Executive and Junior Management c. Governmental, locally and individually d. Corporate, Business, and FunctionalDescribe and differentiate the Stages of Strategic Management. - Strategy Formulation - Strategy Implementation - Strategy Evaluation and Control
- True-False Questions Select the correct answer. 1. T F When buyers, sellers, marketing intermediaries, and facilitating agencies work together, the cooperative relationship results in compromise and adjustments that meet customer needs. 2. T F Under a contractual vertical marketing system, the largest channel member is contracted to manage the production and distribution within the channel. 3. T F Producers assist wholesalers by furnishing them with information regarding the wholesalers' competition and consumer buying patterns. 4. T F As competition among discount stores has increased, some discounters have assumed the characteristics of higher-priced department stores. 5. T F The wheel of retailing hypothesis suggests that new retail operations usually begin at the top-in price, profits, and prestige. Multiple-Choice Questions Circle the letter before the most accurate answer. The use of only a single retail outlet in each geographic area for distribution purposes is called 6.…Strategic Management involves identifying and prioritising key stakeholders, assessing their needs, collecting ideas from them, and integrating this knowledge into strategic management processes such as the establishment of strategic direction and the formulation and implementation of strategies. True or False?in order for SAB TO ACCOMPLISH ITS GOALS IT NEEDS TO APPLY APPLY THE FOUR KEY MANAGEMENT FUNCTIONS. HOW WILL THE FOUR KEY MANAGEMENT FUNCTIONS IMPACT PLANNING, ORGANISING, LEADING AND CONTROLLING ON SAB IN TERMS OF REACHING THEIR GOALS?