Principles of Management C483 WGU

Industry and market analysis, competitor analysis, and social analysis are examples of which step in the strategic planning process? - -Analysis of external opportunities and threats Skilled management, positive cash flow, and well-known brands are examples of which component of the SWOT analysis? - -Strengths What denotes skills or expertise in an activity that constitutes the roots of competitiveness in an organization? - -Core competencies According to Michael Porter's competitive envi...

A value chain is the sequence of activities that begins with raw materials. What result does a value chain end with? - -delivery of products and services what happens when an effective value chain is created - -profit margins are increased industry and market, competitor analysis, and social analysis are examples of which step in strategic planning process - -analysis of exteral opportunities and threats skilled management, positive cash flow, and well known brands are examples of which com...

Describe strategic planning - -Making decisions about the organization's long-term goals and strategies Describe strategic goals - -major target long-term goals that are effective and efficient describe strategy - -pattern of actions and resource allocations designed to achieve the goals of the organization. 1. Where will we be active? 2. How will we get there (increase sales or acquire another company)? 3. How will we win the in the marketplace (keep prices low or offer the best service)...

Industry and market analysis, competitor analysis, and social analysis are examples of which step in the strategic planning process? - -Analysis of external opportunities and threats Skilled management, positive cash flow, and well-known brands are examples of which component of the SWOT analysis? - -Strengths What denotes skills or expertise in an activity that constitutes the roots of competitiveness in an organization? - -Core competencies According to Michael Porter's competitive envi...