WGU C483 Principals of Management (C483)

The planning level with the shortest time horizon is known as _____ planning. A)operational B)tactical C)managerial D)developmental E)vertical A 2.)The planning process is similar to the _____ process in that both have a series of steps that are typically repeated in a cycle. A)strategy-mapping B)tactical alignment C)goal-setting D)decision-making E)environmental analysis D 3.)In a SWOT analysis, the absence of reliable suppliers would be considered as a(n): A)weakness and a threat...

WGU C483 Pre-Assessment Exam 2023 (Verified & Rated A) WGU C483 Principals Of Management According to Michael Porter's competitive environment model, how can suppliers influence strategic planning? - answerSuppliers can reduce manufacturing time and increase product quality. A company offers unique products in its industry to create a competitive advantage. Which type of strategy is the company using? - answerDifferentiation Happy Inc. is a leading provider of family entertainment and BCD...

WGU C483 Test Prep (Latest 2023 Graded A+) Analysis of external opportunities and threats Industry and market analysis, competitor analysis, and social analysis are examples of which step in the strategic planning process? Analysis of mission, vision, and goals Analysis of management implementation Analysis of external opportunities and threats Analysis of internal strengths and weaknesses Strengths Skilled management, positive cash flow, and well-known brands are examples of which compon...

WGU C483 Principles of Management Final Exam 2023 (Questions and Answers Latest Graded A+) Describe Porter's 5 Model and how it is used in the strategic planning process. 1. understand the competitive environment, organization's must identify competitors. 2. analyze how to compete. 3. new entrants (Netflix took out blockbuster) 4. substitutes and complements (coke for starbucks; starbucks complement is a cake pop) 5. suppliers: switching costs ( fixed costs buyers face when they change su...

WGU C483 Principles of Management Final Exam Questions and Answers (Latest 2023 Graded A) Explain what a Core Competency/ Capability means for an organization. Core Capability: (or competence) when resources are valuable, rare, inimitable, and organized. Something company does especially well relative to its competitors. (EX: Honda small engine) Core competencies typically refers to a set of skills or expertise in some activity rather than physical or financial assets. Porter's 5 Model Port...

vision statement where the organization wants to be in the future Mission Statement what the organization needs to do now to achieve the vision "Great Man" theory certain traits determine good leadership behavioral theory behaviors are conditioned as a result of the environment contingency theory based on the idea that leadership styles are situational transactional theory goals between the organization and individual must be aligned; reward system full-range theory a component of trans...