Strategic Coherence Is an Essential Element for Assuring That a Company's

question 46

Essay

Strategic coherence is an essential element for assuring that a company's mission/vision is realized.Describe the factors that are involved in creating strategic coherence.Use an industry example to support your description and explain how the objectives meet the SMART criteria (Specific,Measurable,Appropriate,Realistic,Timely).

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Definitions:

Consumer Surplus

The variance between the aggregate sum consumers intend and are financially capable to allocate for a good or service and the aggregate sum they really spend.

Tax

Compulsory financial charges or other types of levy imposed upon a taxpayer by a governmental organization in order to fund government spending and various public expenditures.

Producer Surplus

The differentiation between the accepted selling price by producers for a product or service and the final earning.

Consumer Surplus

The gap between what consumers are ready and financially able to spend on a good or service and what they actually spend.