MGT 499 Exam 2 Questions and Answers Already Passed
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Course
MGT 499
Institution
MGT 499
MGT 499 Exam 2 Questions and
Answers Already Passed
What is the benefit of developing a disruptive innovation strategy?
It allows a company to redefine industry standards and create new market spaces.
What does it mean to "future-proof" a business strategy?
To develop plans that are adap...
MGT 499 Exam 2 Questions and
Answers Already Passed
What is the benefit of developing a disruptive innovation strategy?
✔✔ It allows a company to redefine industry standards and create new market spaces.
What does it mean to "future-proof" a business strategy?
✔✔ To develop plans that are adaptable to emerging trends and unpredictable changes.
How can storytelling be used as a strategic tool in leadership?
✔✔ It engages and inspires stakeholders to align with the company’s vision.
What is the role of empathy in strategic customer relations?
✔✔ Understanding customer needs to build deeper loyalty and trust.
Why is psychological safety critical in innovative teams?
✔✔ It encourages risk-taking and creativity without fear of failure.
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,How does mindfulness impact strategic decision-making?
✔✔ It enhances focus and reduces biases, leading to more effective strategies.
Why might a company choose to embrace radical transparency?
✔✔ To build trust with consumers and differentiate from competitors in a crowded market.
What is the strategic advantage of building a decentralized organization?
✔✔ It empowers faster decision-making and increased adaptability at local levels.
How can design thinking reshape strategic problem-solving?
✔✔ By focusing on human-centered solutions that prioritize user experiences.
Why is it essential to have a "moonshot" mindset in strategic planning?
✔✔ To pursue ambitious goals that challenge the status quo and unlock new possibilities.
How does the concept of "failing forward" contribute to strategic innovation?
✔✔ It encourages learning from mistakes to refine and enhance future strategies.
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, What is the strategic value of nurturing intrapreneurship within a company?
✔✔ It drives internal innovation and helps retain top talent by fostering creativity.
How can a company leverage the power of networks to gain a strategic edge?
✔✔ By building alliances that amplify influence and open up new market channels.
What does it mean to align corporate strategy with social impact?
✔✔ To ensure that business growth is achieved alongside positive societal contributions.
How can gamification be applied to strategy implementation?
✔✔ It motivates employees through engaging, reward-based challenges to achieve goals.
What is the advantage of "blue ocean" partnerships?
✔✔ They enable firms to co-create new value and tap into untapped markets.
What role does resilience play in strategic leadership?
✔✔ It helps leaders navigate crises and maintain direction in turbulent times.
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