Exam (elaborations)
MAN 320F Exam 2 with 100% correct Answers
- Course
- Institution
MAN 320F Exam 2 with 100% correct Answers
[Show more]
Content preview
MAN 320F Exam 2 with 100% correct AnswersValue Innovation - Answer --Value (utility, cost, and price position) creation and innovation
-add value and reduce cost by enhancing a limited set of key factors and eliminating traditional factors
Strategic plan - Answer --comprehensive plan/action that identifies critical direction and guides allocation of resources of an organization
Strategic Management - Answer -process through which organizations
-analyze/learn from stakeholders
-establish strategic direction
-create strategies that help achieve established goals
-execute those strategies in effort to satisfy key organization stake holders
Three Key Environments - Answer -1) The Organization -owners/managers/employees
2)Task Environment- competitors/suppliers/government 3) Broad Environment- no direct baring on organization
The Broad Environment - Answer --no direct baring on organization
-domestic and global forces
-Socio-cultural trends
-technological trends
-political trends
-Economic trends
Task Environment (3) - Answer --customers
-suppliers
-competitors
Internal Environment - Answer --Internal stakeholders
Mission Statement - Answer --reflects what an organization is
-used for decision making and resource allocations Vision Statement - Answer --forward-looking vie of what the organization wants to become
Michael Porter's 5 Forces - Answer --Power of Customers
-Power of Suppliers
-Threat of New Entrants
-Availability and Comparability of Substitutes
-Competition among existing competitors
Cola Wars: Barriers of Entry (3) - Answer --Brand equity
-limited shelf space
-franchise system (bottling) is very capital intensive w/ exclusive arrangements
Globalization 1.0 (1492-1800) - Answer --man started to go outside of their environment
and having a global footprint
-world shrank from large to medium
-main player: Countries
Globalization 2.0 (1800-2000) - Answer --Corporations globalizing instead of countries
-world shrank from medium to small
-main player is multi-national corporations
Globalization 3.0 (2000- ) - Answer --Focus is on the individual
-World continues to get smaller an flatter
-Individual is main player
10 Forces that flattened the world - Answer -1) Fall of the Berlin Wall
2)Rise of the Internet
3) Workflow Revolution
4)Uploading
5) Outsourcing
6)Offshoring
7) Supply-Chaining
8) Insourcing
9) In-forming
10) The Steroids
AES Case Study: Core Values (4) - Answer --Integrity
-Fairness
-Fun
-Social Responsibility
Three Pledges in the Declaration of Independance - Answer --Lives
-Fortunes
-Sacred Honor Management - Answer --Getting others to be compliant w/ goals
-coping w/ compexity
-Bring about order and consistency
Plan, organize, and control
-work towards mitigating risk
Leadership - Answer --ability to inflence a group towards goals
-coping and creating change
-establish direction of organization
-thrives on risk
Trait Theory on Leadership (4) - Answer --Leaders are born, not made
-Differentiate on
1) Extraversion
2)conscientiousness
3)openness
4) Emotional Intelligenc
Behavioral Theory on Leadership - Answer --Leaders can be taught
Grid Theory on Leadership - Answer --results oriented vs people oriented
-looks at if people or results of organization are driven
Leader-member exchange theory on Leadership - Answer --Leaders form different relationships w/ follower
-'in the circle' obtains more rewards and attention
GE Case Study: 3 Key transformations - Answer -1) organizational anatomy
2) organizational physiology
3) organization psychology
GE Case Study: Three Core business - Answer --Services
-Technology
-Core
AES CASE:Core Values (4) - Answer --Fun
-Fairness
-Integrity
-Social Responsibility
AES CASE:Four Lines of Business Activity - Answer --Contract Generation
-Competitive Supply
-Large utilities
-Growth Distribution
AES CASE: Assessment of operations (4) - Answer --Shared Values
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 millyphilip. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $11.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
77254 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now