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Exam (elaborations)

SPMA 3P27 - Final Exam Questions and Answers

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SPMA 3P27 - Final Exam Questions and Answers

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  • October 6, 2024
  • 8
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • SPMA
  • SPMA
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SPMA 3P27 - Final Exam




Strategic Planning - Answer -Process of defining an organization's strategy or direction & allocating
resources to pursue this strategy.



Hambrick & Fredrickson Strategy Diamond (ESAVD) - Answer -- Economic Logic: how returns will be
obtained

- Staging: speed and sequence of moves

- Arenas: where we will be active

- Vehicles: how we will get there

- Differentiators: how we will WIN



Capital Budgeting (EIR) (CIB) - Answer -A budget for capital items:

- Equipment

- Infrastructure

- Renovation



All involved in the Capital Improvement Budget (CIB) which is distinct from the maintenance and
operating budget.



Benefits of Capital Budgeting (SAP) - Answer -- Separates high-cost 'one-time' expenditures from
operating budget



- Allows planned growth and spending

, - Provides focus



NFP vs. Corporations - Answer -- No dividends in NFP. Goal is to provide best services to stakeholder
groups.



- Yes dividends in corporation. Goal is to maximize value for shareholders.



Capital Budget Process (simplified) (ILCIC) - Answer -1. Inventory/ audit capital assets regularly

(What do we have?)



2. Link to strategic plan

(How does this mesh with strategy?)



3. Conduct a needs analysis

(What do we need?)



4. Identify gaps... replace or repair

(What shape is it in?)



5. Conduct a cost analysis

(What are we looking at $?)



Capital Investments - Projects may be: (ID) - Answer -Independent - acceptance of one is unaffected by
acceptance of another



Dependent - acceptance of one can be adversely impacted by the acceptance of another



Intro to decision-making: Choosing optimal capital budget

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