1. In order of importance, list six "characteristics of objectives." 2. In order of importance, list six "benefits of objectives." 3. List four major benefits of forming a joint venture to achieve desired objectives.
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- Why should a mission statement not include monetary amounts, numbers, percentages, ratios, goals, or objectives?The obligations of an investor-owned company's board of directors in the strategy-making, strategy-executing process include A) taking the lead in developing the company's business model and strategic vision. B) coming up with compelling strategy proposals to debate against those put forward by top management. C) taking the lead in formulating the company's strategic plan but then delegating the task of implementing and executing the strategic plan to the company's CEO and other senior executives. D) overseeing the company's financial accounting and financial reporting practices and setting CEO compensation. E) approving the company's operating strategies, functional-area strategies, business strategy, and overall corporate strategy.Why does a mission statement should not have any monetary amounts , numbers , percentage, ratios, goals and any objectives in it ? Explain ?
- What are the four components of a corporate objective?What is the purpose of goals and objectives?1. Do you believe it is important for a business to establish and clearly communicate longterm and annual objectives? Why or why not? 2. Does your organization establish objectives? If yes, what type and how many? How are the objectives communicated to individuals? Are your firm’s objectives in written form or simply communicated orally? 3. To what extent are managers and employees involved in the process of establishing objectives? 4. How often are your business objectives revised and by what process? please answer the above questions.
- what are the pros and cons of the following five-point plan? 1. Each salesperson would continue to supervise company-owned stores and independent dealers. 2. Salespeople would be given specific objectives for facilities appearance and a percentage of sales of convenience store merchandise purchases from the Company’s designated distributors. 3. Salespeople would be given mandates that no retail outlet would remain closed for more than 30 days. 4. Sales volume objectives for salespeople would remain in place. Current year volume objectives would not change. 5. Regional sales managers’ annual objectives would be revised to be consistent with salespeople’s new objectives.Swan Cruises was formed in 1995 by a group of four friends who each owned cabin cruises and used redundancy payments to purchase additional four. From their own boating activities and contacts, they concluded that there was a good opportunity in the market for family cruising holidays on the canal system. They produced rough budgets and drew up an advertising plan. Because they wanted to get started quickly to catch the spring season, the partners did not give time to strategic planning. However, after their publicity leaflets and advertising in the press, they received a good number of bookings, but sooner than later they began to run into problems. The waterways authority demanded more safety measures and so their insurance premiums were more than budgeted for; Customers found the cruises too small for family parties to live in for a week; Customers regularly got into difficulties with running the boats and at the locks and the partners had to spend much time teaching and helping…Can an organization maintain its original mission and vision statement(s), or these statements should be periodically updated?
- a. Explain mission of Bonia Company: What business(es) is the corporation in? Why?b. Explain objectives of Bonia Company: What are the corporate, business, and functional objectives? Are they consistent with each other, with the mission, and with the internal and external environments?c. Explain strategies of Bonia Company: What strategy or mix of strategies is the corporation following? Are they consistent with each other, with the mission and objectives, and with the internal and external environments?You have set up a company whose business is to produce drinking water. Develop a mission statement for your company and show how you have incorporated the characteristics of a mission statementa. Explain how did the Bonia Company perform in the past year overall in terms of return on investment, market share, and profitability? b. What are the Bonia Company's current mission, objectives, strategies, and policies? c. Are they clearly stated, or are they merely implied from performance?