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[Show more]MNGT 4800 Exam 1 Exam Questions With 
100% Correct Answers 
Strategic Management - answerexamines how actions and events involving executives, 
firms, and industries influence performance 
Henry Mintzberg: 5 Ps of STRATEGY - answerplan 
ploy 
pattern 
position 
perspective 
plan - answera consciousl...
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Add to cartMNGT 4800 Exam 1 Exam Questions With 
100% Correct Answers 
Strategic Management - answerexamines how actions and events involving executives, 
firms, and industries influence performance 
Henry Mintzberg: 5 Ps of STRATEGY - answerplan 
ploy 
pattern 
position 
perspective 
plan - answera consciousl...
MNGT 4800 Exam 1 Kelley Questions With 
100% Correct Answers 
A ___ strategy refers to the part of the intended strategy that are abandoned - 
answernonrealized 
A ___ is an organization which grants the right to use its brand name, products, and processes to 
other orgs. - answerFranchisor 
A __ fe...
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Add to cartMNGT 4800 Exam 1 Kelley Questions With 
100% Correct Answers 
A ___ strategy refers to the part of the intended strategy that are abandoned - 
answernonrealized 
A ___ is an organization which grants the right to use its brand name, products, and processes to 
other orgs. - answerFranchisor 
A __ fe...
MNGT 4800 Exam 1 –Questions With 100% 
Correct Answers 
3 Central Questions all Businesses Face: 
1. What is the present situation? 
2. What should the company's Future direction be & what performance targets should they 
set? 
3. What is our plan for running the company & achieving good performa...
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Correct Answers 
3 Central Questions all Businesses Face: 
1. What is the present situation? 
2. What should the company's Future direction be & what performance targets should they 
set? 
3. What is our plan for running the company & achieving good performa...
MNGT 4800 Exam 1 – Waddingham 
Questions With 100% Correct Answers 
Strategic Management - answerwhy do some companies outperform other companies 
•Examines how actions and events involving top executives, companies, and industries 
influence a company's success or failure. 
•Formal tools exi...
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Add to cartMNGT 4800 Exam 1 – Waddingham 
Questions With 100% Correct Answers 
Strategic Management - answerwhy do some companies outperform other companies 
•Examines how actions and events involving top executives, companies, and industries 
influence a company's success or failure. 
•Formal tools exi...
MNGT 4800 Exam 1 Questions With 100% 
Correct Answers 
what is strategic management - answerstrategic management examines how actions and 
events involving executives, firms, and industries influence performance 
why do some firms succeed while others fail? - answer- it's all about the competitive ...
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Correct Answers 
what is strategic management - answerstrategic management examines how actions and 
events involving executives, firms, and industries influence performance 
why do some firms succeed while others fail? - answer- it's all about the competitive ...
MNGT 4800 Exam 1 Questions With 100% 
Correct Answers 
Imagine that you have been asked to apply the industrial organization (I/O) model to explain 
why a firm is performing poorly. What is the most likely explanation for the firm's poor 
performance according to this model? 
a. Lack of core or dis...
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Correct Answers 
Imagine that you have been asked to apply the industrial organization (I/O) model to explain 
why a firm is performing poorly. What is the most likely explanation for the firm's poor 
performance according to this model? 
a. Lack of core or dis...
MNGT 4800 - Exam 1 Questions With 100% 
Correct Answers 
Strategy 
a set of integrated, goal-directed actions a firm takes to develop and sustain a competitive 
advantage 
What does it mean to have a competitive advantage? 
- superior performance relative to competitors 
- always relative, never abs...
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Correct Answers 
Strategy 
a set of integrated, goal-directed actions a firm takes to develop and sustain a competitive 
advantage 
What does it mean to have a competitive advantage? 
- superior performance relative to competitors 
- always relative, never abs...
MNGT 4800 - Exam 1 Questions With 100% 
Correct Answers 
3 central questions businesses face - answer1. What is our present situation? 
2. What should the company's future direction be and what performance targets should we 
set? 
3. What's our plan for running the company and achieving good resul...
Preview 1 out of 4 pages
Add to cartMNGT 4800 - Exam 1 Questions With 100% 
Correct Answers 
3 central questions businesses face - answer1. What is our present situation? 
2. What should the company's future direction be and what performance targets should we 
set? 
3. What's our plan for running the company and achieving good resul...
1x sold
MNGT 4800 - Exam 1 Questions With 100% 
Correct Answers 
Why is strategic planning necessary? 
value creation 
What is value creation? 
Justification of a firm to provide a unique set of solutions to a defined group of customer 
segments. 
Justification is _____ and must have a ____ ______ 
critical...
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Add to cartMNGT 4800 - Exam 1 Questions With 100% 
Correct Answers 
Why is strategic planning necessary? 
value creation 
What is value creation? 
Justification of a firm to provide a unique set of solutions to a defined group of customer 
segments. 
Justification is _____ and must have a ____ ______ 
critical...
MNGT 4800 Exam 2- Zorn With Complete 
Solutions 
Two dimensions of business level strategy - answercompetitive advantage- how you make 
money 
competitive scope- who you target 
5 business level strategies - answerCost leadership 
Focused cost leadership 
Differentiation 
Focused Differentiation 
Co...
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Add to cartMNGT 4800 Exam 2- Zorn With Complete 
Solutions 
Two dimensions of business level strategy - answercompetitive advantage- how you make 
money 
competitive scope- who you target 
5 business level strategies - answerCost leadership 
Focused cost leadership 
Differentiation 
Focused Differentiation 
Co...
MNGT 4800 - Exam 2 Questions With 100% 
Correct Answers 
The goal-directed actions managers take in their quest for competitive advantage when 
competing in a single product market. - answerBusiness-level strategy 
The size—narrow or broad—of the market in which a firm chooses to compete. - 
ans...
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Correct Answers 
The goal-directed actions managers take in their quest for competitive advantage when 
competing in a single product market. - answerBusiness-level strategy 
The size—narrow or broad—of the market in which a firm chooses to compete. - 
ans...
MNGT 4800 - Exam 2 Questions With 100% 
Correct Answers 
Five generic strategies to build sustainable competitive advantage - answer1.) Low Cost 
provider does not mean low quality, but the ability to manage your costs so you price where 
you want to price and make achievable profit margins (ex. Wal...
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Correct Answers 
Five generic strategies to build sustainable competitive advantage - answer1.) Low Cost 
provider does not mean low quality, but the ability to manage your costs so you price where 
you want to price and make achievable profit margins (ex. Wal...
MNGT 4800 - Exam 2 Questions With 100% 
Correct Answers 
The 4 Primary Generic Business-Level Strategies - answerCost leadership, differentiation 
strategy, focused cost leadership, and focused differentiation. 
Cost leadership - answerOffers products or services with acceptable quality and features...
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Correct Answers 
The 4 Primary Generic Business-Level Strategies - answerCost leadership, differentiation 
strategy, focused cost leadership, and focused differentiation. 
Cost leadership - answerOffers products or services with acceptable quality and features...
MNGT 4800 - Exam 2 Questions With 
Correct Answers 
Two critical aspects of management in relationship to jobs in an organization. - answer- 
Determine the specific nature of each job position & its relevancy to the strategic plan 
- Hiring managers must work with HR to justify the need of each job ...
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Correct Answers 
Two critical aspects of management in relationship to jobs in an organization. - answer- 
Determine the specific nature of each job position & its relevancy to the strategic plan 
- Hiring managers must work with HR to justify the need of each job ...
MNGT 4800 - Exam 2 Questions With 
Correct Answers 
According to the resource-based view, a firm's competitive advantage often stems from 
its - answerintangible resources 
One of the reasons that Kodak filed for bankruptcy was due to its inability to reinvest, hone, 
and upgrade its once impressiv...
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Correct Answers 
According to the resource-based view, a firm's competitive advantage often stems from 
its - answerintangible resources 
One of the reasons that Kodak filed for bankruptcy was due to its inability to reinvest, hone, 
and upgrade its once impressiv...
MNGT 4800 - Exam 2 Questions With 
Correct Answers 
What are the generic business strategies? - answerBusiness level strategies and corporate 
level strategies 
How does the degree of employee task specialization and increased production volume relate 
to one another? - answerHigh volume of producti...
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Correct Answers 
What are the generic business strategies? - answerBusiness level strategies and corporate 
level strategies 
How does the degree of employee task specialization and increased production volume relate 
to one another? - answerHigh volume of producti...
MNGT 4800 - Exam 2 Questions With 
Correct Answers 
T/F 
A resource that is valuable and rare that can be imitated might provide an edge in the short- 
term, but competitors can overcome such an advantage eventually. - answertrue 
T/F 
A distinctive competence is a set of strategic resources that an...
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Correct Answers 
T/F 
A resource that is valuable and rare that can be imitated might provide an edge in the short- 
term, but competitors can overcome such an advantage eventually. - answertrue 
T/F 
A distinctive competence is a set of strategic resources that an...
MNGT 4800 Exam 1 (Ch. 1-4) Exam 
Questions With Correct Answers 
Strategy examples from the video shown in class? - answerBe the low-cost provider 
Pursue a global strategy 
Unravel competition 
* ^ not strategies at all 
(strategy is merely a buzz word) 
Stratego - answerthe art of the general ("t...
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Add to cartMNGT 4800 Exam 1 (Ch. 1-4) Exam 
Questions With Correct Answers 
Strategy examples from the video shown in class? - answerBe the low-cost provider 
Pursue a global strategy 
Unravel competition 
* ^ not strategies at all 
(strategy is merely a buzz word) 
Stratego - answerthe art of the general ("t...
MNGT 4800 Final Exam Questions With 
Correct Answers 
Business Strategy asks the question . . . - answerhow to compete in a single product market 
Concentration Strategies refers to - answeractions firms use to compete in a single industry 
3 types of concentration strategies - answermarket penetrat...
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Correct Answers 
Business Strategy asks the question . . . - answerhow to compete in a single product market 
Concentration Strategies refers to - answeractions firms use to compete in a single industry 
3 types of concentration strategies - answermarket penetrat...
MNGT 4800 Exam 1, Strategic Management 
(MNGT-4800): Exam 1 ZORN Exam 
Questions With Correct Answers 
structure of public corporations - answer1. shareholders/owners 
2. board of directors 
3. CEO 
4. top management team 
5. employees 
top management team - answerconsists of VPs and above (COO, CFO...
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Add to cartMNGT 4800 Exam 1, Strategic Management 
(MNGT-4800): Exam 1 ZORN Exam 
Questions With Correct Answers 
structure of public corporations - answer1. shareholders/owners 
2. board of directors 
3. CEO 
4. top management team 
5. employees 
top management team - answerconsists of VPs and above (COO, CFO...
MNGT 4800 Exam 1 Exam Questions With 
100% Correct Answers 
Why is strategic planning important? 
Value Creation 
Value Creation Definition 
Justification of a firm to provide a unique set of solutions to a defined group of customer 
segments 
4 advantages of a firm every strategic plans should addr...
Preview 1 out of 2 pages
Add to cartMNGT 4800 Exam 1 Exam Questions With 
100% Correct Answers 
Why is strategic planning important? 
Value Creation 
Value Creation Definition 
Justification of a firm to provide a unique set of solutions to a defined group of customer 
segments 
4 advantages of a firm every strategic plans should addr...
MNGT 4800 Exam 1 Exam Questions With 
100% Correct Answers 
Strategic management 
Combines analysis, formulation, and implementation in the quest for competitive 
advantage. Mastery of it enables you to view a firm in its entirety, think like a general 
manager, and position your organization for su...
Preview 2 out of 7 pages
Add to cartMNGT 4800 Exam 1 Exam Questions With 
100% Correct Answers 
Strategic management 
Combines analysis, formulation, and implementation in the quest for competitive 
advantage. Mastery of it enables you to view a firm in its entirety, think like a general 
manager, and position your organization for su...
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