NDSU MGMT 320: Exam 1 Questions and Answers | Latest Version | 2024/2025 | Graded A+
1 view 0 purchase
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
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 SterlingScores. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.52. You're not tied to anything after your purchase.
