NDSU MGMT 320: Exam 1 Questions and Answers | Latest Version | 2024/2025 | Graded A+
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Course
NDSU MGMT 320:
Institution
NDSU MGMT 320:
NDSU MGMT 320: Exam 1 Questions and
Answers | Latest Version | 2024/2025 |
Graded A+
What are the characteristics of a good team leader?
A good team leader demonstrates strong communication skills, emotional intelligence,
adaptability, decisiveness, and the ability to motivate and support ...
training, and support to minimize resistance and facilitate a smooth transition.
What are the benefits of teamwork in an organizational setting?
✔✔Teamwork encourages diverse perspectives, fosters creativity, improves problem-solving,
enhances productivity, and builds strong relationships among team members.
What is the primary purpose of a mission statement in a business context?
✔✔A mission statement defines the organization's purpose, objectives, and values, guiding its
strategic decisions and actions.
Explain the difference between vision and mission in strategic management.
✔✔A vision outlines what the organization aspires to become in the future, while a mission
defines its current purpose and objectives.
What are the four primary functions of management?
✔✔The four primary functions of management are planning, organizing, leading, and
controlling.
2
, Describe the concept of SWOT analysis and its components.
✔✔SWOT analysis evaluates an organization’s internal Strengths and Weaknesses, as well as
external Opportunities and Threats.
What is the significance of organizational culture in a business environment?
✔✔Organizational culture shapes employee behavior, influences decision-making, and affects
overall performance and job satisfaction.
How does the concept of corporate social responsibility (CSR) impact business strategy?
✔✔CSR encourages businesses to operate ethically, considering their social and environmental
impact, which can enhance reputation and customer loyalty.
Define the term "competitive advantage" in a business context.
✔✔Competitive advantage refers to the attributes that allow an organization to outperform its
competitors, such as superior products, lower costs, or unique services.
What role does effective communication play in management?
3
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