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PLEASE READ LAST PARAGRAPH Option c is the right answer. It is the most perfect example of a clearly defined financial goal. Growth the yearly percentage increase in overall income gradually. A well-stated financial goal is one that is prim…View the full answer
Transcribed image text: Which of the following is the best example of a well-stated financial objective? Boost the company's dividend payments to shareholders every year Maximize the company's annual return on shareholders' equity investment Gradually boost the annual percentage increase in total revenues Within 24 months, boost the company's profit margin per unit sold to an amount bigger than any other competitor in the industry Increase total after-tax profits from the current level of $2 million annually to $4 million annually no later than the end of 2022. UUUUU Strategic objectives are generally less important than financial objectives. relate to target outcomes that indicate a company is strengthening its market standing, competitive vitality, and future business prospects. o help managers track an organization's progress in achieving high levels of customer satisfaction are more difficult to achieve and harder to measure than financial objectives. O are actions a company must take to achieve a sustainable competitive advantage. Which of the following are key tasks in the strategy-making, strategy-executing process? Deciding on the company's strategic intent, creating a balanced Scorecard for monitoring performance, crafting a strategy, and choosing what business approaches and operating practices to employ Developing a strategic vision, mission, and core values; setting objectives; and crafting a strategy to achieve the objectives and move the company along the path to accomplishing the mission and vision Setting objectives, choosing what business approaches and operating practices to employ, selecting a business model, identifying the three best strategy alternatives, and monitoring developments and initiating corrective adjustments Developing a proven business model, deciding on the company's strategic intent, creating a balanced Scorecard, and crafting a strategy Setting objectives, identifying the best strategy alternatives, choosing the very best of the strategy alternatives, implementing and executing the chosen strategy, and deciding what portion of the company's resources to employ in the pursuit of sustainable competitive advantage Which of the following is not a common shortcoming of company vision statements? Too focused on long-term revenue growth and profitability Dwells on the present rather than “where we are going” Uses overly broad language Too generic–could apply to most any company (or any of several rival companies in the company's industry) Too reliant on superlatives (being the best, the most successful, or a global leader)