Difficulties with Implementing Strategy (AQA A-Level Business): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
Why do strategic decisions involve risk?
Why do strategic decisions involve risk?
They focus on future outcomes
What problem arises from stakeholders having different interests?
What problem arises from stakeholders having different interests?
Difficult to satisfy all groups at once
How does heavy investment in strategy affect day-to-day operations?
How does heavy investment in strategy affect day-to-day operations?
Less working capital available
What problem occurs when a company delayers?
What problem occurs when a company delayers?
Affects employee morale & productivity
Why do planned strategies become problematic over time?
Why do planned strategies become problematic over time?
They gradually become out of date
What problem can occur with senior managers who plan strategy?
What problem can occur with senior managers who plan strategy?
They could be out of touch with operations
What information advantage do emergent strategies have?
What information advantage do emergent strategies have?
Based on junior/middle manager decisions
What is a key disadvantage of emergent strategies?
What is a key disadvantage of emergent strategies?
Unclear what the end goal is
What is strategic drift?
What is strategic drift?
Strategy becomes less suited to environment
How does divorce between ownership and control occur?
How does divorce between ownership and control occur?
Owner raises finance by selling shares