48.Tactical risks are concerned with: A. Broad organizational goals and objectives. B. Long-term financial implications of the innovation. C. Specific tasks and activities involved in implementation D. Maintaining brand image and public perception.
Question
48.Tactical risks are concerned with: A. Broad organizational goals and objectives. B. Long-term financial implications of the innovation. C. Specific tasks and activities involved in implementation D. Maintaining brand image and public perception.
Solution
C. Specific tasks and activities involved in implementation
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Re: Discussion Assignment by Ranjith Kumar A - Monday, 13 May 2024, 11:53 AM Dear Peers, When a company's strategy doesn't match its vision, mission, or values, it can create a lot of problems. First, it confuses employees. They won't know where the company is headed or what it stands for, which affects their work. Second, it damages trust with customers, stakeholders and investors. If the company says one thing but does another, people won't trust it anymore. Lastly, it creates conflict within the company. Employees might not agree with the decisions made by the leaders. In my previous job, the company wanted to be environmentally friendly. They aimed to reduce waste and promote green products. But their strategy was all about cutting costs. They outsourced production to third party service providers who didn't follow the environmental regulations. This went against their vision and mission and upset many employees and customers who cared about the environment. To avoid these problems, leaders should regularly check if their plans match the company's vision, mission, and values. They should involve employees in decision-making, communicate openly about plans, and think about how their decisions affect the company's goals and principles. For instance, in my current role in supply chain management, I ensure that our inventory control and distribution strategies prioritize quality while being cost-effective, in line with our company's values. Reference: Carpenter, M., Bauer, T., & Erdogan, B. (2010). Management principles, v. 1.1. Retrieved from https://2012books.lardbucket.org/books/management-principles-v1.1/index.html
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