BUSI 490: Strategic Management - Chapter 7 verified already passed

BUSI 490: Strategic Management - Chapter 7BUSI 490: Strategic Management - Chapter 7 Annual Objectives - correct answer Essential for strategy implementation because they represent the basis for allocating resources, are a primary mechanism for evaluation managers, are the major instrument for monitoring progress toward achieving long-term objectives, and establish organizational, divisional, and departmental priorities. Avoidance - correct answer Actions such as ignoring the problem in hopes that the conflict will resolve itself or physically separating the conflicting individuals (or groups). Benchmarking - correct answer Involves comparing a firm against the best firms in the industry on a wide variety of performance-related criteria. Bonus System - correct answer Criteria such as sales, profit, production efficiency, quality, and safety could also serve as bases. Conflict - correct answer A disagreement between two or more parties on one or more issues. Confrontation - correct answer Exemplified by exchanging members of conflicting parties so that each can gain an appreciation of the other's point of view or holding a meeting at which conflicting parties present their views and work through their differences.