Managers Detecting a Problem in Implementing a Specific Strategic Initiative

question 31

Multiple Choice

Managers detecting a problem in implementing a specific strategic initiative and then taking action to correct the deviation is an example of:

• A) single-loop learning.
• B) a cybernetic model.
• C) double-loop learning.
• D) organized anarchy model.

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Definitions:

Budget

A plan that commits resources to projects or activities.

Vision

A future-oriented declaration of the organization's goals and aspirations, intended to guide its internal decision-making.

Corporate Strategy

The overall plan and direction devised by the management of a company to achieve long-term business objectives.

Business Strategy

A plan of action designed by an organization to achieve its long-term goals and secure a competitive position in the market.