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Question
Political barriers to change can be overcome by promoting collaboration throughout the organization, as seen in the case study on Natura Cosmeticos of Brazil in which CEO Carlucci implemented a comprehensive engagement process across the organization.
Answer
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Related questions
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Innovation is an important source of growth opportunity. Explain this statement, providing examples to support your argument.
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Which kind of risk taking requires that a company borrow heavily or commit a large portion of its resources in order to grow?
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B. financial risk taking
C. personal risk taking
D. technological risk taking
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One of the following is not a type of risk that executives must address. Which is it?
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B. proactiveness
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On average, approximately what percentage of corporate ventures reaches profitability within six years?
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Management innovations such as total quality, just-in-time, benchmarking, business process reengineering, and outsourcing are important, but not enough for building sustainable competitive advantage.
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The three interrelated and principal activities of strategic management are: strategy analysis, strategy formulation, and strategy implementation.
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Fortune Brands states they will cut corporate overhead costs by $30 million a year. This is an example of a:
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B. financial strategic objective
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In contrast to the vision of an organization, its mission should:
A. be shorter in length
B. encompass both the purpose of the company as well as the basis of competition
C. encompass all the major rules and regulations of the corporate work force
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Examples of __________ include: To be the happiest place on earth (Disneyland), and Restoring patients to full life (Medtronic).
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The hierarchy of organizational goals is in this order (least specific to most specific):
A. vision statements, strategic objectives, mission statements
B. mission statements, strategic objectives, vision statements
C. vision statements, mission statements, strategic objectives
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Strategy formulation and implementation is a challenging ongoing process. To be effective, it should not involve:
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B. functional areas work together to attain overall goals
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B. elected by the shareholders as their representatives
C. elected by the public
D. only allowed to serve one term of four years
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__________ involves ensuring proper strategic controls and organizational designs.
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B. Corporate-level strategy
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Objectives in organizations should be clear, stated, and known by employees throughout the organization.
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Strategic objectives should be measurable, specific, appropriate, and realistic, but not constrained by time deadlines.
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A. Hire people that identify with the dominant values of the organization.
B. Develop managerial role models.
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B. Traditional strategic controls are usually inappropriate.
C. Complacency about predetermined milestones can prevent adaptability.
D. Detailed plans are needed to maintain order.