MGMT 4000 Exam 2 - UGA – Montgomery Questions and Answers | Latest Update | 2024/2025 | 100% Pass
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Course
MGMT 4000
Institution
MGMT 4000
MGMT 4000 Exam 2 - UGA –
Montgomery Questions and Answers |
Latest Update | 2024/2025 | 100% Pass
What is value chain analysis?
Value chain analysis examines the activities a company performs to create value for its
customers and identifies areas for improvement.
What is the purpose ...
MGMT 4000 Exam 2 - UGA –
Montgomery Questions and Answers |
Latest Update | 2024/2025 | 100% Pass
What is value chain analysis?
✔✔ Value chain analysis examines the activities a company performs to create value for its
customers and identifies areas for improvement.
What is the purpose of job enrichment?
✔✔ Job enrichment aims to increase employee satisfaction and motivation by enhancing the
variety and complexity of their work tasks.
What is a balanced scorecard?
✔✔ A balanced scorecard is a strategic planning tool that measures an organization’s
performance from multiple perspectives: financial, customer, internal processes, and learning
and growth.
What does corporate governance involve?
✔✔ Corporate governance involves the structures and processes for directing and controlling a
company, ensuring accountability and transparency.
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,What is organizational agility?
✔✔ Organizational agility refers to a company's ability to rapidly adapt to market changes and
respond quickly to new opportunities or challenges.
What is a strategic alliance?
✔✔ A strategic alliance is a partnership between two or more organizations to pursue mutual
goals while remaining independent.
What does project management encompass?
✔✔ Project management involves planning, executing, and closing projects to achieve specific
goals within defined constraints like time and budget.
What is market positioning?
✔✔ Market positioning is the process of establishing a brand or product in a specific place in the
minds of target consumers compared to competitors.
What is employee turnover?
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, ✔✔ Employee turnover refers to the rate at which employees leave a company and are replaced
by new hires.
What is organizational behavior?
✔✔ Organizational behavior studies how individuals and groups act within an organization and
how this affects the organization’s performance.
What does total quality management (TQM) focus on?
✔✔ Total quality management focuses on continuous improvement of processes and products to
enhance customer satisfaction and organizational efficiency.
What is a business model?
✔✔ A business model outlines how a company creates, delivers, and captures value, including
its revenue streams and cost structure.
What is strategic foresight?
✔✔ Strategic foresight involves anticipating future trends and uncertainties to make informed
decisions and prepare for potential challenges.
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