Crafting and Executing Strategy
22nd Edition
ISBN: 9781260157475
Author: Thompson
Publisher: MCG
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Chapter 2, Problem 1ALE
Summary Introduction
To discuss: Effective elements and shortcoming of different companies and rank them according to best to worst.
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Describe how a vision can fail. Provide an example to illustrate your point.
People frequently confuse a mission statement and a vision statement. However, there is a clear difference. What is it?
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If you were a business owner, which of these goals might you be able to accomplish using the framework of Theory Z or Theories X and Y? Could you use Theory Z to work on one goal and use Theories X and Y to work on another goal, thereby accomplishing two goals with these theories by using a different approach on each of the two goals?
Goal 1: Improve quality of a product or service.
Goal 2: Improve employee collaboration.
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