List the five labor cost-saving activities that you believe would be most effective for Best Buy. Give a rationale for each activity.
Answer to relevant QuestionsThe chapter says strategy formulation focuses on effectiveness, whereas strategy implementation focuses on efficiency. Which is more important, effectiveness, or efficiency? Give an example of each concept. If you owned and opened three restaurants after you graduated, would you operate from a functional or divisional structure? Why? List three resistance to change strategies. Give an example when you would use each method or approach. Identify a long-term objective and two supporting annual objectives for a familiar organization. Discuss recent trends among women and minorities becoming top executives in the USA.
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