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BUS 1101-01 Principles of Business Management - AY2025-T3
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Kaplan and Norton’s Balanced Scorecard, Accenture’s Performance Prism, and Skandia’s Intellectual Capital Navigator are examples of boilerplate versions of financial measurement.
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The ‘S’ in a SMART goal signifies the dimension:
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When a scorecard is disseminated, strategy becomes a tool specifically for top management.
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Goals and objectives are difficult to set up in the organizational context. Select among the reasons listed below the one that does NOT apply:
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Financial outcomes are often short-term in nature, so they omit other key factors that might be very important to the longer-term viability of the organization.
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In MBO systems, goals and objectives are written down for each level of the organization.
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It is not only the top managers who set goals and objectives for the entire organization.
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A firm’s strategy includes which of the following:
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Firms utilizing a competitive scope strategy can tailor advertising and promotional efforts to a particular market niche.
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Design and emergence strategies involve specific levels of the organization.
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