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MNGT 4800 Exam 1 Exam Questions With 100% Correct Answers

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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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MNGT 4800 Exam 1 Kelley Questions With 100% Correct Answers

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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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MNGT 4800 Exam 1 –Questions With 100% Correct Answers

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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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MNGT 4800 Exam 1 – Waddingham Questions With 100% Correct Answers

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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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MNGT 4800 Exam 1 Questions With 100% Correct Answers

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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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MNGT 4800 Exam 1 Questions With 100% Correct Answers

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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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MNGT 4800 - Exam 1 Questions With 100% Correct Answers

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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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MNGT 4800 - Exam 1 Questions With 100% Correct Answers

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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...

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MNGT 4800 - Exam 1 Questions With 100% Correct Answers

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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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MNGT 4800 Exam 2- Zorn With Complete Solutions

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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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MNGT 4800 - Exam 2 Questions With 100% Correct Answers

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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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MNGT 4800 - Exam 2 Questions With 100% Correct Answers

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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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MNGT 4800 - Exam 2 Questions With 100% Correct Answers

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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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MNGT 4800 - Exam 2 Questions With Correct Answers

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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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MNGT 4800 - Exam 2 Questions With Correct Answers

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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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MNGT 4800 - Exam 2 Questions With Correct Answers

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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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MNGT 4800 - Exam 2 Questions With Correct Answers

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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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MNGT 4800 Exam 1 (Ch. 1-4) Exam Questions With Correct Answers

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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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MNGT 4800 Final Exam Questions With Correct Answers

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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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MNGT 4800 Exam 1, Strategic Management (MNGT-4800): Exam 1 ZORN Exam Questions With Correct Answers

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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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MNGT 4800 Exam 1 Exam Questions With 100% Correct Answers

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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...

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MNGT 4800 Exam 1 Exam Questions With 100% Correct Answers

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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...

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