Author Question: Nike, Inc. is a sportswear and equipment manufacturer that serves a multitude of sports disciplines. ... (Read 68 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?

Chronic marijuana use can damage the white blood cells and reduce the immune system's ability to respond to disease by as much as 40%. Without a strong immune system, the body is vulnerable to all kinds of degenerative and infectious diseases.

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

Did you know?

More than 2,500 barbiturates have been synthesized. At the height of their popularity, about 50 were marketed for human use.

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

Did you know?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

For a complete list of videos, visit our video library