Cob 487 exam questions - Study guides, Class notes & Summaries

COB 487 Midterm Exam Questions with Correct Answers The final realized strategy of a firm is a combination of deliberate and time-tested strategies only. - Answer-False The organizational versus the individual rationality perspective suggests that objectives that are - Answer-best for a functional area may not be best for the overall organization Strategic management consists of the analyses, decisions, and actions an organization undertakes in order to create and sustain competitive adv...

COB 487 2023 Exam Questions with Correct Answers Strategy implementation can be the most difficult part of the strategic management process. Which of the following is not likely to be a cause of implementation failure? - Answer-competition The innovation paradox implies that consistency in products and services provokes a tension with the need for new products. This results in a conflict between - Answer-stability and change. The four key attributes of strategic management include the id...

COB 487 - EXAM 1 CHAPTER QUIZZES (4-6), Questions and answers, graded A+ According to the resource-based view of the firm, competitive advantages are ________ for competitors to copy, if they are based on unique bundles of resources. A. easier B. faster C. harder D. more reliable - -C. harder Which of the following is an IP-heavy industry? A. contract manufacturing B. telecommunications C. automobile sales D. retailing - -B. telecommunications Human capital includes A. the output...

COB 487 Review Exam Questions with Correct Answers Competitive advantage depends on - Answer-Differences ___is about discovering and exploiting these differences - Answer-strategy Every __ has strategy implementation implications - Answer-Strategic choice Strategic implementation is just as important as - Answer-Strategy formulation A strategy is only as good as its - Answer-implementation The strategic management process leads managers to ____ strategies - Answer-Intended ...

COB 487 Exam 1: Review Questions and answers, graded A+ What is Strategic Management? - -examines how actions and events involving top executives, firms, and industries influence a firm's success or failure. - mastering strategy is therefore part art and part science Defining Strategy: The Five Ps described by Henry Mintzberg - -It can be viewed as a: - plan - ploy - position - pattern - perspective Plan - -a carefully crafted set of steps that a firm intends to follow in order to ...

COB 487 Exam 1 Questions with Correct Answers What is a normative argument? - Answer-It is about what ought to be done according to a someone's value position. Stakeholders interests are... - Answer-Joint Who are typically considered primary stakeholders? - Answer-Employees, customers, suppliers, communities, and shareholders. Who originally developed stakeholder theory? - Answer-Ed Freeman According to stakeholder theory, how can trade-offs be resolved? - Answer-By leveraging ima...

COB 487 - Final Exam 2023 Actual Questions and Answers 100% Verified To build a strong human capital in a today's knowledge economy, its important to... attract, develop, and retain employees _____________ relationships are where one member is central to the communication flows in a group, and ___________ relationships are where one person brings together groups that would have otherwise been unconnected. closure; bridging Dynamic capabilities include all of the following except... beco...

COB 487 Final Exam Questions with Correct Answers Greeks reacted negatively to Coca-Cola advertising using Coke bottles as pillars for the Parthenon. This is a form of ________ risk. - Answer-Management Rivalry is intense in nations with conditions of ________ consumer demand, ________ supplier bases, and ________ new entrant potential from related industries. - Answer-strong, strong, high Renault paid 1 billion USD to acquire a 25 percent ownership stake in the Russian automaker Avt...

COB 487 - FINAL EXAM Review Questions and answers, rated A+ To build a strong human capital in a today's knowledge economy, its important to... - -attract, develop, and retain employees _____________ relationships are where one member is central to the communication flows in a group, and ___________ relationships are where one person brings together groups that would have otherwise been unconnected. - -closure; bridging Dynamic capabilities include all of the following except... - -b...

COB 487 Exam 1: Review Questions and answers, rated A+ In large organizations, conflicts can arise between functional areas. In order to resolve these conflicts, strategic objectives - -help resolve conflicts through their common purpose Strategy formulation at the business level addresses best how to compete in a given business - -to attain competitive advantage The final realized strategy of a firm is a combination of deliberate and time-tested strategies only. - -False The text add...