AI in Robotics and Strategic Management

What is the need for strategic management in business according to Michael Porter?

Answer explanation

According to Michael Porter, strategic management is essential for gaining a competitive advantage, enabling businesses to position themselves effectively in the market and respond to industry dynamics.

What are the criteria for effective strategy?

Answer explanation

Effective strategy criteria include clarity of purpose, alignment with goals, adaptability to change, resource allocation, and measurable outcomes. These ensure the strategy is actionable and can respond to evolving circumstances.

How does AI enhance automation and precision in tasks?

Answer explanation

AI enhances automation by performing repetitive tasks efficiently and with minimal human intervention. It increases precision through data analysis and machine learning, reducing errors and improving outcomes in various applications.

What is the role of strategic management in building resilient businesses?

Answer explanation

Strategic management helps businesses anticipate changes, adapt to challenges, and leverage opportunities, thereby enhancing their resilience. It fosters long-term planning and resource allocation, crucial for sustaining operations during disruptions.

What provides direction and action plan in strategic management?

• Tesla devising a road map for global EV adoption

• Google aligning its activities to Google-First strategy

• Amazon defining accountability through its leadership principles

• Microsoft ensuring communication during its shift to cloud computing

Answer explanation

Tesla's road map for global EV adoption provides a clear direction and action plan, outlining specific steps and goals for expanding electric vehicle use, making it the best example of strategic management.

What helps prioritize and align activities in strategic management?

• Tesla devising a road map for global EV adoption

• Google aligning its activities to Google-First strategy

• Amazon defining accountability through its leadership principles

• Microsoft ensuring communication during its shift to cloud computing

Answer explanation

Google's alignment of activities to its Google-First strategy effectively prioritizes initiatives, ensuring that all efforts are directed towards a unified goal, which is essential in strategic management.

What defines accountability in strategic management?

• Tesla devising a road map for global EV adoption

• Google aligning its activities to Google-First strategy

• Amazon defining accountability through its leadership principles

• Microsoft ensuring communication during its shift to cloud computing

Answer explanation

Accountability in strategic management is exemplified by Amazon's leadership principles, which clearly define roles and responsibilities, ensuring that employees are accountable for their actions and decisions.

What enhances communication and commitment in strategic management?

• Tesla devising a road map for global EV adoption

• Google aligning its activities to Google-First strategy

• Amazon defining accountability through its leadership principles

• Microsoft ensuring communication during its shift to cloud computing

Answer explanation

Microsoft's focus on ensuring communication during its shift to cloud computing enhances clarity and commitment among teams, facilitating effective strategic management and alignment with organizational goals.

What is the clear mission of Tesla?

Answer explanation

Tesla's clear mission is to accelerate the world's transition to sustainable energy through electric vehicles and renewable energy solutions, aiming to reduce reliance on fossil fuels.

What type of strategy focuses on the intention of the organization?

• Intended strategies

• Emergent Strategies

Answer explanation

Intended strategies are those that reflect the organization's planned intentions and goals. They focus on the deliberate actions the organization aims to take, making them the correct choice for this question.