MGT Ch 5

Consider the descriptions of managers below and indicate whether they are stronger strategic formulators or stronger strategic implementers. grace is highly committed to carrying out strategies so that goals are met. roberto enjoys coming up with innovative solutions to business problems

1. implementer 2. formulator

For nonprofit organizations, strategy is long-term thinking related to

responding to the needs of stakeholders

Imagine that the American Red Cross Board of Governors sets a goal of increasing online donations by 15 percent year over year for the next three years. They view this goal as very challenging but achievable. Why might the organization's leaders set such an ambitious goal? Check all that apply.

Highly ambitious goals can inspire employees and volunteers. To meet goals well beyond what has been accomplished before, members of the organization often find creative and innovative ways to do things.

At MultiMarkets, a chain of retail stores, top management decided to respond to the growing challenge of online retail websites with ____________, using planning experts to help store managers develop their own plans.

decentralized planning