Why is it important that managers monitor the feedback loop? It provides information for future strategy formulation.

Fantastic news! We've Found the answer you've been seeking!

Question:

Why is it important that managers monitor the feedback loop?

It provides information for future strategy formulation.

It enables a firm to develop meaningful global strategies.

It indicates the ease with which goals were accomplished.

It allows managers to choose between several business models.

Related Book For answer-question

Contemporary business 2012 update

ISBN: 978-1118010303

14th edition

Authors: Louis E. Boone, ? David L. Kurtz

See More Books

Posted Date: Jan 26, 2024 12:45 AM

See More Questions

Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
Read the following article and answer the questions below: Building Competitive Advantage Through People Magazine: Winter 2002Research Feature January 15, 2002 Reading Time: 23 min Christopher A....
List three specific parts of the Case Guide, Objectives and Strategy Section (See below) that you had the most difficulty understanding. Describe your current understanding of these parts. Provide...
You are the manager of Fun World, a small amusement park. The accompanying diagram shows the demand curve of a typical customer at Fun World. a. Suppose that the price of each ride is $5. At that...
An article in the International Journal of Production Economics (Vol. 171, 2016) investigated the factors associated with a firm's supply chain risk management performance (y). Five potential...
Target Corporation prepares its financial statements according to U.S. GAAP. Targets financial statements and disclosure notes for the year ended February 3, 2018, are available in Connect. This...
On June 14, 1988, Thomas John Heck Jr. executed a note promising to pay Paul D. Heck $$51,000$ at 7 percent interest compounded annually. The note contains the following payment terms: Perpetual 90...
Dotball Candies manufactures jaw-breaker candies in a fully automated process. The machine that produces candies was purchased recently and can make 4,400 per month. The machine costs $ 9,500 and is...
1.Libby just expanded her restaurant. She projects revenue will reach $35,000 for the new restaurant in the first year and increase by 25% over the next three years. Expenses are 75% of sales. The...
You team is using potentiometers to capture the movement of a human subject's arm. You goal is to use the potentiometer readings (which measure angles) to track the position of the subject's hand....
How can Tesla Inc. include more versatile and adaptable budgeting and forecasting techniques to more effectively anticipate and react to these alterations? In the quest for cost reduction, how can...
Felicity runs her familys small cupcake shop, which designs and bakes cupcakes in different flavors. The capital stock of the firm consists of three machines of various vintages, each of which can...
For a productivity improvement project, you discover the most frequent cause of delays in receiving payment is incorrect invoices. Construct a fishbone diagram to identify possible reasons for this...
Attwood et al. (2012) measured whether the time taken to drink a beer was influenced by the shape of the glass in which it was served. Participants were given 12 oz. (about 350 ml) of chilled lager...
Using these transactions, create financial statements for HHL for 2023.
Prepare trading and profit and loss account of M/s Sports Equipments for the year ended March 31, 2006 and balance sheet as on that date : Closing stock as on March 31, 2006 Rs.2,500 Account Title...
In 1993, you are an executive working for Puleva, a Spanish producer of dairy products, infant formula, and baby cereals. You have been tasked by the CEO to analyze possible entry into the United...
Write a program to move a signed number from smaller register to bigger register. Hint: movzx ax, bl Topic: Data Related Operators and Directives in assembly language
1. Do you see any potential disadvantages in using software to automate administrative processes such as accounting and financial reporting? If so, what are they? 2. Why is it important for users of...
Identify the six eras of business in the United States. How were businesses changed during each era?
1. Why do you think chain stores carry brand-name items alongside their own in-house brands? 2. What are some of the ways that stores such as Target are able to keep their prices low? Shoppers who...
A radar has the following parameters: peak power $P_{t}=50 \mathrm{~kW}$; total losses $L=5 \mathrm{~dB}$; operating frequency $f_{0}=5.6 \mathrm{GHz}$; noise figure $F=10 \mathrm{~dB}$ pulse...
A radar generates $100 \mathrm{~kW}$ of power and has $1 \mathrm{~dB}$ of loss between the power tube and the antenna. The radar is monostatic with a single antenna that has a gain of \(38...
Starting with Eq. (3.94), derive Eq. (3.95), assume $u_{0}=2 \mathrm{~cm}^{-1}$. In your analysis you may assume that $\left(4 \pm \frac{1}{\lambda^{2}}ight) \approx 4$. Equation (3.94) Equation...

Why is it important that managers monitor the feedback loop? It provides information for future strategy formulation.

Question:

Expert Answer:

The detailed answer for the above question is provided below Monitoring the feedback loop is a cruci... View the full answer

Contemporary business 2012 update

Students also viewed these general management questions