One of Kearns's Three Approaches to Formulating Strategy for an Organization

question 29

Multiple Choice

One of Kearns's three approaches to formulating strategy for an organization maintains that strategy evolves out of experience as the organization goes along, one decision at a time, buffeted by bargaining and the push-and-pull of its constituencies.

• A) Incremental approach
• B) Visioning approach
• C) Analytical approach
• D) Mission approach

Evaluate the influence of income distribution and consumption patterns on national economies.

Recognize the implications of first-mover advantages in global market entries.

Apprehend the relationship between trade policies and protection of domestic industries.

Discuss the theoretical underpinnings and criticisms of mercantilism and neo-mercantilist policies in contemporary economies.

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Definitions:

Power Distance

The extent to which less powerful members of organizations and institutions accept and expect that power is distributed unequally.

Group Development

The process through which a group evolves and progresses in terms of structure, interaction, and achieving collective goals.

Formalization

Formalization refers to the process of defining and instituting formal rules, procedures, and structures within an organization to standardize operations.

Coordination

The act of organizing or aligning activities, tasks, or individuals to operate efficiently towards a common goal.