Business Strategy Game Study Questions with Detailed Answers

Managerial jobs with strategy-making responsibility Exist at many levels of the organizational structure of a large corporation when its operations cut across different products, industries, and geographical areas Which of the following is not among the principal managerial tasks associated with implementing and executing a company's strategy Pushing employees to work hard, do their very best, and meet or beat established performance targets. Employees that fall short of these criteria must be quickly weeded out Which one of the following is not one of the external or internal considerations in deciding on a company's future decision What actions should the company take to become a global leader and the first choice of customers in every market that company competes in Which of the following is the best example of a well stated strategic objective Reduce production costs per unit Which of the following is the best example of a well stated strategic objective Reduce production costs per unit by 10% within 12 months At companies where the stated values are real rather than cosmetic, company managers can connect the stated values to the pursuit of strategic vision and mission by 1.) Being careful to create a vision mission, strategy, and set of operating practices that match established values. 2.) Repeatedly emphasizing how the values based behavioral norms contribute to the company's business success Which of the following is not among the chief duties/responsibilities of a company's board of directors insofar as the strategy making, strategy executing process is concerned Supervising enforcement of high ethical standards and stepping in to take the lead role in promptly revising and improving the company's strategy whenever the company's financial performance is unsatisfactory