Exam (elaborations)
Globus Final Questions with 100% Correct Answers | Updated & Verified 2024/2025
- Course
- Institution
Globus Final Questions with 100% Correct Answers | Updated & Verified 2024/2025
[Show more]
Content preview
Globus FinalThe distinction among a organization's approach and a agency's commercial enterprise model is
that - ANSIts method is defined by way of the unique market positioning, aggressive
movements, and enterprise procedures management employs to try to produce accurate
business consequences even as its business model pertains to management's blueprint for
delivering a valuable services or products to customers in a manner with the intention to
generate revenues sufficient to cover expenses and yield an appealing earnings.
A triumphing strategy is one that - ANSfits the business enterprise's internal and outside state of
affairs, improves organisation performance, and allows obtain sustainable competitive
advantage.
Typically, a corporation's method is - ANSa combination of (1) proactive movements to improve
the organisation's economic overall performance and comfortable a aggressive facet and (2)
as-wished reactions to unanticipated tendencies and sparkling marketplace situations
A organisation's enterprise model - ANSis managements blueprint for turning in a treasured
service or product to clients in a manner to be able to generate sales sufficient to cowl prices
and yield an attractive profit
A enterprise achieves sustainable aggressive advantage when - ANSan attractive variety of
shoppers are interested in buy its products or services instead of the ones of competition and
while the idea for the desire is durable, regardless of the efforts of competitors to nullify or
triumph over the enchantment of its product supplying.
What makes a aggressive benefit sustainable or long lasting as opposed to brief - ANSare
actions or elements in a organization's approach that motive an attractive number of consumers
to have lasting reasons to buy the business enterprise's services or products, no matter
competitor's first-rate efforts to nullify or conquer those reasons
In choosing amongst approach alternatives, employer managers - ANSare properly cautioned to
include movements strategic movements that may bypass the test of moral scrutiny-- it isn't
always enough to simply live in the boards of what's criminal and is in compliance with winning
authorities regulations
Two important factors of a enterprise's business version are - ANSits profit proposition or
"income formulation" and its patron value proposition
Which of the subsequent isn't always some thing a business enterprise's strategy is worried
with? - ANSManagement's desire of which of numerous alternative business fashions to hire in
turning in fee to customers and to shareholders
,The reputational and monetary harm that unethical techniques and conduct can do to a
organisation - ANSis sizeable; consequently, there are properly enterprise cause for a
organization and its employees to avoid unethical strategic actions and behaviors
According to Figure 1.1, which of the subsequent isn't some thing to look for in identifying a
organization's strategy? - ANSActions to enhance the company's profits according to proportion
and inventory price
Changing instances and ongoing managerial efforts to enhance the method - ANSaccount for
why a company's method evolves through the years and why the undertaking of crafting a
agency's method is a piece in progress, no longer a one-time event.
The competitive movements and business methods a company's control is using to draw and
please customers, compete efficiently, develop the business, reply to changing market
conditions, behavior operations, and acquire the focused financial and marketplace overall
performance is what defines a enterprise's - ANSstrategy
Crafting and executing method are top-priority managerial duties due to the fact - ANShow
properly a employer plays and the diploma of marketplace fulfillment it achieves are
immediately, because of the quality of its approach and the talent with which the method is
executed
Which of the following statements approximately a organization's method is fake - ANSA
business enterprise's strategy is deliberately saved underneath wraps by using pinnacle-level
managers as a way to capture rival agencies
The project of sewing together a strategy - ANSentails addressing a sequence of hows: the way
to entice and please customers, how to compete against competitors, a way to function the
enterprise inside the market vis-avis opponents, how nice to pursue attractive possibilities to
grow the commercial enterprise, how first-class to reply to converting financial and marketplace
situations, the way to control each purposeful piece of the business, and a way to attain the
organization's strategic and monetary targets
The responsibilities of an investor-owned organization's board of directors in the
strategy-making, method-executing manner encompass - ANSoverseeing the employer's
financial accounting and financial reporting practices and instituting a compensation plan for
pinnacle executives
A organization's values, or core values, challenge - ANSthe ideals, tendencies, and behavioral
norms that agency personnel are anticipated to display in engaging in the enterprise's enterprise
and pursuing its strategic imaginative and prescient and project
, Managerial jobs with strategy-making duty - ANSexist at many levels of the organizational
shape of a big corporation whilst its operations reduce across distinctive products, industries,
and geographical regions
Operating techniques subject - ANSthe noticeably slim strategic tasks and tactics for coping
with key operating units (plants, distribution centers, geographic gadgets) and particular running
activities with strategic significance (great manipulate, marketing, brand-building efforts, supply
chain-related activities, and internet site operations)
Which one of the following tactics to objective-placing need to surely be averted - ANSSetting
objectives that convey no negative effects for organizational contributors if actual overall
performance falls brief of targeted overall performance
Which one of the following questions is not some thing that the enterprise managers should
recollect in charting a enterprise's future course are proven in Table 2.1? - ANSDoes the
organization have a higher commercial enterprise model than key opponents?
Which of the subsequent are key responsibilities within the strategy-making,
approach-executing system? - ANSDeveloping a strategic imaginative and prescient, venture,
and middle values; setting objectives; and crafting a method to achieve the targets and flow the
organization along the course to carrying out the project and imaginative and prescient
In a single-enterprise employer, the strategy-making hierarchy (as proven in Figure 2-2) consists
of - ANSBusiness method, purposeful place strategies, and working techniques
Which of the subsequent is the satisfactory example of a nicely-said strategic goal? -
ANSReduce production prices in step with unit through 10% within twelve months
The premiere direction to boosting agency profitability region after zone and yr after year is for
business enterprise managers to - ANSrelentlessly pursue strategic outcomes that strengthen
the agency's market function with buyers and, ideally, produce a developing competitive benefit
over opponents
A set of "stretch" financial and strategic objectives - ANShelps a business enterprise keep away
from ho-hum outcomes
A organisation's strategic imaginative and prescient concerns - ANSa employer's long-time
period path and what product-client-market-enterprise blend seems most desirable for the road
in advance
Corporate approach for a varied or multi-commercial enterprise employer - ANSconcerns
method tasks to set up business positions in unique industries, whether to keep or divest
present corporations, strategic movements to reinforce the combined performance if the set of
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Legitexams. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $11.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
75323 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now