Discuss the importance of strategic intent and its impact on organizational success.
In this assignment, you will decide on a company’s strategic intent, its mission, and the role of stakeholders in developing an organization’s strategy. Then, Write a 300-500 words response on the following questions.Must include 2-3 credible references cited in APA.
You have learned that stakeholders have profound impact on the direction and the success of a company. Based on your readings and learning, complete the following tasks:
Define the various classifications of stakeholders in a company and their role in strategic management decisions.
Explain the connection between stakeholders and competitive advantage.
You learned that strategic intent is an extension of a company’s organizational culture and the cornerstone of the firm. Based on your readings and learning, complete the following tasks:
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Order Paper NowDiscuss the importance of strategic intent and its impact on organizational success.
Discuss why it is important and how an organization can move from intent to implementation.
Based on your readings and learning, complete the following tasks:
Describe the attributes of an effective strategist.
Explain how you would create and sell a strategic mission to stakeholders.
We cannot always control political, technological, economic, or cultural issues. Given that, answer the following questions:
How often would you reevaluate your business strategy to maintain a competitive edge in the market place?
What factors would you use to evaluate the need for change, and what tools would you use to make the changes?
While performing an external environmental analysis, how important is it to use all four components and why?
Discussion Questions:
Note: Respond to the following questions thoroughly, in 150 words for each question. Must include one credible references cited in APA for each answer.
What is the difference between a contribution income statement and a traditional income statement? Under what circumstances would a firm use each?
What is a company segment? Why would a firm want to divide itself into operating segments? Why would a firm want to measure profits by segment? How would common costs be allocated to each of a company’s segments?
