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

question 131

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) the "worry list" helps company managers clarify their thinking about how best to modify the company's value chain.
• E) these issues and obstacles must be cleared before management can focus clearly on what is the best strategy for the company to pursue.

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Definitions:

Administrative Expenses

Expenses related to the general operation of a business, like salaries of executive personnel, accounting department costs, and legal fees.

Eco-efficiency Measure

A metric to assess the economic and environmental performance of a process or product, aiming to achieve higher productivity while reducing environmental impacts.

Energy Efficiency

The goal of using less energy to perform the same task or produce the same outcome, reducing energy waste.

Insurance Expense

The cost incurred by a company to maintain insurance coverage on its assets, operations, or liabilities, recognized periodically as an operating expense.