Bus Policy Strat Question

Bus Policy Strat Question

Business Policy and Strategy Questions

Question1

Some who study business may not become chief executive officers (CEOs) or work in upper management, so it is important to understand why strategic management matters to all members and layers of an organization. Considering this, why might strategic management be important to your field of study or chosen profession?

Your journal entry must be at least 200 words in length. No references or citations are necessary.

Question2

Does the current company you work for have a mission statement? If you do not currently work for a company, consider the last company you worked for. If there is a mission statement, do you think it is effective? If there is no mission statement, how would your company benefit from developing one?

Your journal entry must be at least 200 words in length. No references or citations are necessary.

Question3

The influence of social media is huge. In your own experience, how have you seen social media represent a major threat or opportunity for a company? What advice could you offer a company to overcome these threats or to take advantage of the opportunities presented by social media?

Your journal entry must be at least 200 words in length. No references or citations are necessary.

Question4

Imagine you are working for a company that has $1 million to spend on a new strategy and is considering market development versus product development. In this case, what determining factors would be most important to consider? What recommendations would you make to the CEO?

Your journal entry must be at least 200 words in length. No references or citations are necessary.

Question5

In this unit, we discussed the concept of market segmentation, which is defined as product positioning that subdivides the market to target specific customers. Identify a product that you have seen with either effective or ineffective market segmentation. Explain what makes the market segmentation effective or ineffective.

Your journal entry must be at least 200 words in length. No references or citations are necessary.

Question6

Suppose you are a leader responsible for an organization’s vision/mission statements. How often do you think they should be changed? What are some reasons you might consider changing them?

Your journal entry must be at least 200 words in length. No references or citations are necessary.

Question7

You are opening your own small business and want to establish a culture of ethical behavior. What are some procedures you should implement to support an ethics culture?

Your journal entry must be at least 200 words in length. No references or citations are necessary

Question8

Identify a strategic management skill that you learned or acquired in this course, and explain how you would apply it to improve success in your career in a real-world scenario.

Your journal entry must be at least 200 words in length. No references or citations are necessary.

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