Assessment of the company's external environment C. Selection of a particular set of long-term objectives and grand strategies D. Evaluate the success of the strategic process A. C. It represents the “make and sell" philosophy. Answer: True; Strategic management is an attempt to organize qualitative and quantitative information in a way that allows effective decisions to be made under conditions of uncertainty. Strategic management involves major multifarious changes in the organization. Which of the following is generally not true about supply management and the bottom line? The key difference between proactive and reactive strategies is that the proactive strategy is avoiding the situation by foreseeing, whereas reactive strategy is responding after an incident has occurred.. Which of the following is not a strategic supply management activity? Proactive vs. Reactive: Which Strategy is Best? Management MCQ Strategic Management Chapter 1 Organizations should take a(n) _____ approach in their industry. It is about understanding and meeting customers’ expressed needs. b. a decision-making activity concerned with a firm’s internal resources, capabilities, and competencies, independent of the conditions in its external environment. This may occur through the digitization of physical products or, in the case of services, through a technology-mediated delivery solution. Strategic controls help managers know whether a chosen strategy is working, while operating controls contribute to successful execution of the current strategy. Proactive human resource management anticipates requirements and complications and tries to avert them in advance. Development of annual objectives compatible with grand strategies B. Regardless of your business model, a proactive risk mitigation approach is customarily the defence method of choice when it comes to security. While strategic management connotes the planning, implementation, evaluation, on-going maintenance, and adjustment of the organization’s strategy. Within these types of strategy, controls can vary in terms of proactivity, where feedback controls were the least proactive. Strategic management is the latest addition to the management disciplines. To better understand where threats can emerge, organizations need to know how users are accessing corporate assets. Positive Approaches to Behavior Management (and fire management) emphasize the use of Proactive as opposed to Reactive Strategies. But given the revenue growth pressures that consumer products companies are currently facing, we believe that a strategic approach to portfolio optimization is especially vital now. Management's game plan for competing successfully—the specific efforts to please customers, offensive and defensive moves to counter the maneuvers of rivals, the reactions and responses to whatever market conditions prevail at the moment and the initiatives undertaken to improve the company's market position The more reactive elements present in a given strategy, the more reactive it is. Automated detection of an infrastructure or application fault, using event/alert tools automatically to raise an incident B. Both strategic management and strategic planning terms mean the same! The strategic management process is a. a set of activities that will assure a temporary advantage and average returns for the firm. The difference is that the latter one is more used in the business world while the former is used in the academic environment. Both proactive and strategically reactive HRM are used to add value to an organization. In a proactive strategy discretionary actions to pursue social responsibility are taken actively. All you PM’s are proactive in my view and where you have accepted a run to failure strategy I would even consider the resulting CM’s proactive as you have made a deliberate choice to allow that failure to happen (i.e. The committee recognized at the outset that there is no accepted definition of proactive policing among scholars or the public. with codes (Proactive); they sponsor educational advertisements on television (Proactive). ADVERTISEMENTS: Everything you need to know about the importance of strategic management. Operate supply management as an integrated system, including customers, operations, quality, demand management, supply management, logistics, and suppliers. Strategy 1: Same Products, Different Channel One proactive business response to COVID-19 is to offer the same (or similar) products and services through an online channel. This week’s module is about portfolio management, which covers how to implement your innovation strategy. The correct answer is D) proactive strategy.. Burt[6] highlights the importance of developing integrated systems for design, procurement, quality, inventory management, and production in order to move from a reactive purchasing activity to a proactive procurement system which will add value to the firm's operations. this study that a proactive job analysis practice is an important HR strategy to achieve superior performance results. C) Proactive companies refrain from practicing uncertainty management. Focus on the total cost of ownership, not the purchase price. Proactivity is a considered desirable trait in an employee, team or organization that can be contrasted with reactive approaches that wait for the future to happen before taking action. Strategic management is a way to transform the existing static plan in a proper systematic process. The following figure presents the relevant key concepts for strategic management process. Implement continuous improvement in all activities internally and externally, Make all supplier relationships alliances. The process of strategic management is a comprehensive collection of different types of continuous activities and also the processes which are used in the organization. (p. 3) Strategic management compromises nine critical tasks. you have been proactive). Further, it principally depends on the accident source to reduce the accident which is … To improve their approach to portfolio optimization, companies should consider the following five questions. Which of the following is true about proactive marketing? Customer management and brand protection expert Steve West says: “Creating, developing, and improving a proactive customer service programme takes time and money, so it’s imperative that the business decision-makers at C-suite and board level fully understand, support and commit to the strategy. 14 | P a g e Stevens Maleka: Strategic Management And Strategic Planning Process: South African Perspective You will explore three practical examples of the proactive process: Ericsson, Lego and Philips. When there is a fire, they put out the fires and try to save lives and property (Reactive). Which of the following is an example of proactive problem management? A proactive risk strategy generally consists of focusing efforts on mitigating the … Proactive risk management: Proactive risk management includes creative thinking, prediction. D. The marketer focuses on the customers’ latent or hidden needs. We show two alternative funnels, reactive and proactive, and we explain the differences. The idea behind proactive patching is that in most cases, problems that can occur have already been … hazard identification); Understanding underlying behaviors, attitudes, and actions that directly lead to safety performance; and A. According to David, [1] strategic planning is sometimes confused with strategy formulation, because strategic plan is constructed in this stage. Talent management is a strategy relating to business that helps you recruit, hire and retain the best talent in your field of work. Proactive strategies for management of safety are best used in the following situations: Identifying emerging threats before the risk occurs (i.e. B. Creating a more proactive management posture. Proactive Patch Management Strategy The main goal in proactive patch management is to prevent unplanned downtime or, in other words, problem prevention. Five questions for management 1. A company's competitive strategy deals with A. ... Answer: True 2. An objective, logical, systematic approach for making major decisions in an organization is a way to describe the strategic-management process. Strategic management can have some immediate changes in the organization. If the purpose of classroom management is to elicit compliance, the methods chosen will reflect this choice. These two approaches are widely used in businesses as well as normal day to day lives of people. 236 The International Journal of Human Resource Management Strategic Management Chapter 1 A) adversarial rather than a collegial We introduce the concept of the funnel. Reactive HR concentrates on applying the business strategy for e.g., growth, new product, innovation, cycle reduction, new market entry. PS I’m not a big fan of the phrase proactive maintenance as it seems quite meaningless to me. Answer: True 1) Which of the following is most closely associated with a proactive marketing orientation? Analysis of an incident by a technical support group which revels that an … A) A company needs creative anticipation to see the writing on the wall. 2) Marketing _____ is the art and science of choosing target … By following a few steps to develop a proactive security strategy, companies can effectively assess risk and minimize the potential of a breach – without compromising end-user experience. Effective strategic management can transform the performance of an organisation, make fortunes for shareholders or change the structure […] From tactical management to strategic management . B) Proactive companies create new offers to serve unmet and unknown consumer needs. The goals relating to Talent Management in The Workplace must be well thought out and planned in order to be successful. The more proactive elements that are present in a given strategy, the more proactive it is. It involves delivering superior value. 59. A) Activity Based Costing B) Environment Monitoring C) Integrated Supply Strategy D) Commodity Strategies E) Data Management Answer: A 63. It is about success and failure, about the ability to plan wars and win them. A. The following are illustrative examples of proactive strategies and behavior. A proactive approach is any self-initiated action that prepares to handle the future. Which of the following is NOT one of the tasks? A) Purchased items account for a large percentage of the cost of goods sold. 6. The Faculty has often debated the following definition of category management, “… a rigorous, fact-based, end-to-end process for proactively collaborating with stakeholders to develop and implement strategies that deliver significant value from an organisation's CHAPTER 1 Introduction to Proactive Classroom Management 5 THE PURPOSE OF EDUCATION How a teacher approaches classroom management—the priorities and techniques he or she uses—depends on his or her goals. 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