QUIZ 2 for 3rd year

It is the study of a firm’s internal and external environments, and their fit with organizational vision and goals

• Strategy analysis

• Strategy formulation

• Strategy implementation

It includes the decisions made by firms regarding investments, commitments, and other aspects of operations that create and sustain competitive advantage.

• Strategy implementation

• Strategy formulation

• Strategy analysis

It includes actions made by firms that carry out the formulated strategy, including strategic controls, organizational designs, and leadership.

• Strategy implementation

• Strategy analysis

• Strategy formulation

It refers to the relationship among various participants in determining the direction and performance of corporations.

• CORPORATE STABILITY

• CORPORATE GOVERNANCE

• CORPORATION

IT IS ONE OF THE KEY ELEMENTS OF CORPORATE GOVERNANCE

They are the elected representatives of the owners

• BOARD OF TRUSTEES

• BOARD OF ORGANIZATION

• BOARD OF DIRECTORS

Two opposing views of stakeholder management are ZERO SUM and

It is the expectation that businesses or individuals will strive to improve the overall welfare of society.

• Stakeholder Management

• Environmental Sustainability

• Social Responsibility

A _____ refers to a goal that is “massively inspiring, overarching, and long term.” It represents a destination that is driven by and evokes passion.

________ objectives are used to operationalize the mission statement.