Author Question: Nike, Inc. is a sportswear and equipment manufacturer that serves a multitude of sports disciplines. ... (Read 64 times)

Alainaaa8

  • Hero Member
  • *****
  • Posts: 576
Nike, Inc. is a sportswear and equipment manufacturer that serves a multitude of sports disciplines. Which of the following statements from Nike would be the best example of a strategic goal?
 
  A) a ten percent increase in average annual sales
  B) a seven percent increase in average annual income
  C) achieving a return on investment of 17 percent
  D) accelerating growth through focused execution

Question 2

Discuss the impact of planning on organizational performance.
 
  What will be an ideal response?



leahchrapun

  • Sr. Member
  • ****
  • Posts: 332
Answer to Question 1

Answer: D

Answer to Question 2

Answer: Numerous studies have looked at the relationship between planning and performance. Although most showed generally positive relationships, we can't say that organizations that formally plan always outperform those that don't plan.
Generally speaking, formal planning is associated with positive financial results  higher profits, higher return on assets, and so forth. Also, it seems that doing a good job planning and implementing those plans play a bigger part in high performance than does how much planning is done. Next, in those studies where formal planning didn't lead to higher performance, the external environment often was the culprit. When external forces  say, governmental regulations or powerful labor unions  constrain managers' options, it reduces the impact planning has on an organization's performance. Finally, the planning-performance relationship seems to be influenced by the planning time frame. It seems that at least four years of formal planning is required before it begins to affect performance.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

Your heart beats over 36 million times a year.

Did you know?

The average human gut is home to perhaps 500 to 1,000 different species of bacteria.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

Always store hazardous household chemicals in their original containers out of reach of children. These include bleach, paint, strippers and products containing turpentine, garden chemicals, oven cleaners, fondue fuels, nail polish, and nail polish remover.

For a complete list of videos, visit our video library