1. A __________ is a suite of programs for constructing and ...

[CharlieWard]

1. A __________ is a suite of programs for constructing and maintaining the database and for offering ad hoc query facilities to multiple users and applications.
 
  What will be an ideal response?

Question 2

Define strategy. Describe the four major phases in the strategic planning process?
 
  What will be an ideal response?

[ecox1012]

Answer to Question 1

database management system (DBMS)

Answer to Question 2

Strategy is a broad-based formula for how a business is going to accomplish its mission, what its goals should be, and what plans and policies will be needed to carry out those goals. Strategy initiation, strategy formulation, strategy implementation, and strategy assessment are the four major phases. Strategy initiation is the initial phase of strategic planning in which the organization examines itself and its environment. Strategy formulation is the development of strategies to exploit opportunities and manage threats in the business environment in light of corporate strengths and weaknesses. Strategy implementation is the development of detailed, short-term plans for carrying out the projects agreed on in strategy formulation. Strategy assessment is the continuous evaluation of progress toward the organization's strategic goals, resulting in corrective action and, if necessary, strategy reformulation.