Identifying the Strategic Issues a Company Faces and Compiling a "Worry

question 38

Multiple Choice

Identifying the strategic issues a company faces and compiling a "worry list" of problems and roadblocks is an important component of company situation analysis because

• A)without a precise fix on what problems/issues a company confronts, managers cannot know what the industry's key success factors are.
• B)the worry list sets the management agenda for taking actions to improve the company's performance and business outlook.
• C)without a precise fix on what problems/roadblocks a company confronts, managers are less clear about what value chain activities to benchmark.
• D)these issues and obstacles must be cleared before management can focus clearly on what is the best strategy for the company to pursue.
• E)the worry list helps company managers clarify their thinking about how best to modify the company's value chain.

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Definitions:

Torticollis

A condition also known as "wry neck," where the head becomes twisted to one side due to muscular or skeletal issues.

Atrophy

Wasting away of a muscle.

Contract

A legally binding agreement between two or more parties that defines and governs the rights and duties of those parties.

Flex

To bend a limb or muscle or the ability of muscles to contract and cause movement.