As a new manager‚ what are your strengths concerning strategy formulation and implementation? To find out‚ think about how to handle challenges and issues in your university or job. Then mark (a) or (b) for each of the following items‚ depending on which is more descriptive of your behavior. There are no right or wrong answers. Respond to each item as it best describes how you respond to work situations. 1. When keeping records‚ I tend to a. Be careful about documentation. b. Be haphazard about
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similarities between prescriptive and descriptive strategies Similarities There is a strong similarity to descriptive and prescriptive strategies. As the definition reads; descriptive: “what is usually done” or prescriptive: “what can be done most realistically” could end up being the same outcome on many occasions. The definitions even make sense when put together. What is usually done is most likely what can be done most realistically. However‚ when studied in more depth‚ these strategies have their
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Lecture 8: Strategy Formulation: Corporate Level Strategy Reference: Henry “Understanding Strategic Management”‚ Chapter 8 Lecturer: Mathew Teale Facilitator: Michelle Thong Learning Objectives After studying this topic you should be able to: • Explain what is meant by corporate strategy; • Assess the effectiveness of different growth strategies • Evaluate related and unrelated diversification strategies • Assess the use of portfolio analysis • Explain the role of corporate parenting
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CORPORATE STRATEGY FORMULATION Strategy formulation refers to the process of choosing the most appropriate course of action for the realization of organizational goals and objectives and thereby achieving the organizational vision. Strategy formulation is a part of a strategic management process that comprises of environmental analysis‚ formulation‚ implementation and evaluation and control. Strategic management is an ongoing process to develop and revise future-oriented strategies that allow
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CHAPTER 6 STRATEGY FORMULATION: CORPORATE STRATEGY Corporate Strategy Corporate strategy deals with three key issues facing the corporation as a whole: 1. Directional strategy- the firm’s overall orientation toward growth‚ stability‚ or retrenchment 2. Portfolio strategy- the industries or markets in which the firm competes through its products and business units 3. Parenting strategy- the manner in which management coordinates activities‚ transfer resources‚ and cultivates
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Primary School Descriptive grammar Descriptive grammar refers to the structure of a language as it is actually used by speakers and writers of the native speaker. Descriptive grammars describe how people use spoken and written language and the knowledge that they use to decide whether something is grammatically correct. Specialists in descriptive grammar (linguists) study the rules or patterns that underlie our use of words‚ phrases‚ clauses‚ and sentences. Descriptive grammar
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Grammar describes the native speaker’s competence in his/her language. Grammars can be descriptive or prescriptive. Is the former more useful than the latter? Explain your answer by discussing the merits of the two approaches in your capacity as a speaker or teacher of English. To me as a speaker of the English language‚ both descriptive and prescriptive grammars are useful. Descriptive grammar generally advises us not to be overly concerned with matters of correctness; language they say‚ is
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Today What is Linguistics? Descriptive vs. Prescriptive rules/grammars Linguistic competence vs. performance Readings: 1.2-1.3 LING 200 -- McGarrity 1 What is Linguistics? The scientific study and analysis of human language. LING 200 -- McGarrity 2 Core Subfields Phonetics: the study of the physical properties of speech sounds (acoustic phonetics) and how they are made (articulatory phonetics) e.g.‚ Park the car in Harvard yard. [p k k n h v d j d] [p a k d k a n ha v d ja d
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Strategy Formulation INTRODUCTION It is useful to consider strategy formulation as part of a strategic management process that comprises three phases: diagnosis‚ formulation‚ and implementation. Strategic management is an ongoing process to develop and revise future-oriented strategies that allow an organization to achieve its objectives‚ considering its capabilities‚ constraints‚ and the environment in which it operates. Diagnosis includes: (a) performing a situation analysis (analysis
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Strategy formulation is vital to the well-being of a company or organization. There are two major types of strategy: (1) corporate strategy‚ in which companies decide which line or lines of business to engage in; and (2) business or competitive strategy‚ which sets the framework for achieving success in a particular business. While business strategy often receives more attention than corporate strategy‚ both forms of strategy involve planning‚ industry/market analysis‚ goal setting‚ commitment of
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