BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
taking initiative and being alert to opportunities beyond the confines of one’s own job
|
|
|
being cooperative and seeking opportunities to combine one’s efforts with others
|
|
|
intensely focusing on the responsibilities of one individual and maximizing the output of the department in the organization in which that individual works
|
|
|
being brokers, always looking to build internal linkages
|
Detailed explanation-1: -Finally, decisional roles involve the allocation of resources, engaging in negotiations on behalf of the group, settling disturbances, solving problems, and generating new ideas.
Detailed explanation-2: -The key attributes of strategic management are that it directs the organization toward overall goals and objectives, includes multiple stakeholders in decision making, needs to incorporate short-term and long-term perspectives, and recognizes trade-offs between efficiency and effectiveness.
Detailed explanation-3: -In any organization, strategy formulation is carried out at three levels, i.e. the corporate level, business level and the functional level. Strategy implementation is the next step of strategic management, where the strategy that has been developed is executed with the aim of achieving organizational objectives.
Detailed explanation-4: -Environmental Scanning-Environmental scanning refers to a process of collecting, scrutinizing and providing information for strategic purposes. It helps in analyzing the internal and external factors influencing an organization.