14 | P a g e Stevens Maleka: Strategic Management And Strategic Planning Process: South African Perspective Proactive risk management: Proactive risk management includes creative thinking, prediction. A) A company needs creative anticipation to see the writing on the wall. It is about understanding and meeting customers’ expressed needs. If the purpose of classroom management is to elicit compliance, the methods chosen will reflect this choice. Regardless of your business model, a proactive risk mitigation approach is customarily the defence method of choice when it comes to security. Positive Approaches to Behavior Management (and fire management) emphasize the use of Proactive as opposed to Reactive Strategies. Strategy 1: Same Products, Different Channel One proactive business response to COVID-19 is to offer the same (or similar) products and services through an online channel. B) Proactive companies create new offers to serve unmet and unknown consumer needs. Implement continuous improvement in all activities internally and externally, Make all supplier relationships alliances. 6. You will explore three practical examples of the proactive process: Ericsson, Lego and Philips. (p. 3) Strategic management compromises nine critical tasks. you have been proactive). #1: Get visibility of all your assets. A. Answer: True; Strategic management is an attempt to organize qualitative and quantitative information in a way that allows effective decisions to be made under conditions of uncertainty. The following are illustrative examples of proactive strategies and behavior. 2) Marketing _____ is the art and science of choosing target … Both strategic management and strategic planning terms mean the same! Proactive vs. Reactive: Which Strategy is Best? Management's game plan for competing successfully—the specific efforts to please customers, offensive and defensive moves to counter the maneuvers of rivals, the reactions and responses to whatever market conditions prevail at the moment and the initiatives undertaken to improve the company's market position Answer: True 236 The International Journal of Human Resource Management All you PM’s are proactive in my view and where you have accepted a run to failure strategy I would even consider the resulting CM’s proactive as you have made a deliberate choice to allow that failure to happen (i.e. Strategic management involves major multifarious changes in the organization. 1) Which of the following is most closely associated with a proactive marketing orientation? Talent management is a strategy relating to business that helps you recruit, hire and retain the best talent in your field of work. The more reactive elements present in a given strategy, the more reactive it is. Five questions for management 1. Burt[6] highlights the importance of developing integrated systems for design, procurement, quality, inventory management, and production in order to move from a reactive purchasing activity to a proactive procurement system which will add value to the firm's operations. Strategic management can have some immediate changes in the organization. b. a decision-making activity concerned with a firm’s internal resources, capabilities, and competencies, independent of the conditions in its external environment. Reactive HR concentrates on applying the business strategy for e.g., growth, new product, innovation, cycle reduction, new market entry. Strategic Management Chapter 1 A) adversarial rather than a collegial An objective, logical, systematic approach for making major decisions in an organization is a way to describe the strategic-management process. Proactivity is a considered desirable trait in an employee, team or organization that can be contrasted with reactive approaches that wait for the future to happen before taking action. The strategic management process is a. a set of activities that will assure a temporary advantage and average returns for the firm. C) Proactive companies refrain from practicing uncertainty management. While strategic management connotes the planning, implementation, evaluation, on-going maintenance, and adjustment of the organization’s strategy. Which of the following is an example of proactive problem management? This week’s module is about portfolio management, which covers how to implement your innovation strategy. To improve their approach to portfolio optimization, companies should consider the following five questions. The difference is that the latter one is more used in the business world while the former is used in the academic environment. A proactive risk strategy generally consists of focusing efforts on mitigating the … Which of the following is true about proactive marketing? Creating a more proactive management posture. Which of the following is generally not true about supply management and the bottom line? This may occur through the digitization of physical products or, in the case of services, through a technology-mediated delivery solution. Proactive human resource management anticipates requirements and complications and tries to avert them in advance. this study that a proactive job analysis practice is an important HR strategy to achieve superior performance results. It involves delivering superior value. It is about success and failure, about the ability to plan wars and win them. The goals relating to Talent Management in The Workplace must be well thought out and planned in order to be successful. ADVERTISEMENTS: Everything you need to know about the importance of strategic management. C. It represents the “make and sell" philosophy. ... Answer: True 2. Both proactive and strategically reactive HRM are used to add value to an organization. The correct answer is D) proactive strategy.. Which of the following is NOT one of the tasks? According to David, [1] strategic planning is sometimes confused with strategy formulation, because strategic plan is constructed in this stage. The Faculty has often debated the following definition of category management, “… a rigorous, fact-based, end-to-end process for proactively collaborating with stakeholders to develop and implement strategies that deliver significant value from an organisation's Automated detection of an infrastructure or application fault, using event/alert tools automatically to raise an incident B. To better understand where threats can emerge, organizations need to know how users are accessing corporate assets. Operate supply management as an integrated system, including customers, operations, quality, demand management, supply management, logistics, and suppliers. In a proactive strategy discretionary actions to pursue social responsibility are taken actively. CHAPTER 1 Introduction to Proactive Classroom Management 5 THE PURPOSE OF EDUCATION How a teacher approaches classroom management—the priorities and techniques he or she uses—depends on his or her goals. A. Within these types of strategy, controls can vary in terms of proactivity, where feedback controls were the least proactive. A proactive approach is any self-initiated action that prepares to handle the future. Strategic management is the latest addition to the management disciplines. A) Activity Based Costing B) Environment Monitoring C) Integrated Supply Strategy D) Commodity Strategies E) Data Management Answer: A 63. Further, it principally depends on the accident source to reduce the accident which is … Strategic controls help managers know whether a chosen strategy is working, while operating controls contribute to successful execution of the current strategy. Effective strategic management can transform the performance of an organisation, make fortunes for shareholders or change the structure […] These two approaches are widely used in businesses as well as normal day to day lives of people. Analysis of an incident by a technical support group which revels that an … The more proactive elements that are present in a given strategy, the more proactive it is. The idea behind proactive patching is that in most cases, problems that can occur have already been … 59. Strategic management is a way to transform the existing static plan in a proper systematic process. When there is a fire, they put out the fires and try to save lives and property (Reactive). A. hazard identification); Understanding underlying behaviors, attitudes, and actions that directly lead to safety performance; and B. We introduce the concept of the funnel. The key difference between proactive and reactive strategies is that the proactive strategy is avoiding the situation by foreseeing, whereas reactive strategy is responding after an incident has occurred.. PS I’m not a big fan of the phrase proactive maintenance as it seems quite meaningless to me. Proactive strategies for management of safety are best used in the following situations: Identifying emerging threats before the risk occurs (i.e. Focus on the total cost of ownership, not the purchase price. Management MCQ Strategic Management Chapter 1 Organizations should take a(n) _____ approach in their industry. The process of strategic management is a comprehensive collection of different types of continuous activities and also the processes which are used in the organization. with codes (Proactive); they sponsor educational advertisements on television (Proactive). We show two alternative funnels, reactive and proactive, and we explain the differences. By following a few steps to develop a proactive security strategy, companies can effectively assess risk and minimize the potential of a breach – without compromising end-user experience. The investor who follows an active portfolio management strategy buys and sells stocks in an attempt to outperform a specific index, such as the Standard & … But given the revenue growth pressures that consumer products companies are currently facing, we believe that a strategic approach to portfolio optimization is especially vital now. Assessment of the company's external environment C. Selection of a particular set of long-term objectives and grand strategies D. Evaluate the success of the strategic process The following figure presents the relevant key concepts for strategic management process. Customer management and brand protection expert Steve West says: “Creating, developing, and improving a proactive customer service programme takes time and money, so it’s imperative that the business decision-makers at C-suite and board level fully understand, support and commit to the strategy. From tactical management to strategic management . Proactive Patch Management Strategy The main goal in proactive patch management is to prevent unplanned downtime or, in other words, problem prevention. D. The marketer focuses on the customers’ latent or hidden needs. Which of the following is not a strategic supply management activity? A) Purchased items account for a large percentage of the cost of goods sold. 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