What is the purpose of strategy? Explain. What are the different levels of strategy in an organization? Explain these levels with the help of an illustration.
Answer. Much like everyone confuses innovation with creativity, so it is with strategy. People have their own........... Purpose and strategy seem to fit like peanut butter and jelly.........
A corporation exists to carry out a defined purpose within its industry and within.......
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Q. Discuss the concept of strategic alliances. Why do organizations pursue strategic alliances? Explain with the help of an example.
Answer Strategic Alliances are deals between organizations in which each commits resources to attain a common.....................
Strategic alliances are important to organizations for several key reasons.......
Q. What is the balanced scorecard (BSC)? As a strategist what challenges will you face while developing and implementing a BSC? Discuss.
Answer. The Balanced Scorecard originated in the early 1990s. It was developed by two guys at the Harvard............
It is a performance metric utilized in strategic management to find and improve various internal functions.......
What do you understand by an organizational culture? Is there a relationship between service and culture of an organization? Justify with the help of a case of an organization.
Organizational culture is the workplace environment created with the interaction of the employees in the.......... Organizational culture can drive the failure or success of an organization.........
If the culture opposes the company's strategy, however, the results can.........
Discuss as to why evaluation of a strategy is important for an organization. Support your answer with the help of an example from the corporate world.
Strategy evaluation is essential for an organization's well-being; well-timed evaluations can notify management to problems...................
It is as crucial as strategy formulation as it throws light on the efficiency and effectiveness...........