J306 exam - Study guides, Class notes & Summaries

BUS J306 Exam 1 Review Latest 2024/ 2025 with Questions and Verified Answers

Strategic Management Process - -A sequential set of analyses and choices that can increase the likelihood that a firm will choose a good strategy -mission-objectives-external/internal analysis-strategic choice- strategy implementation- competitive advantage mission - -long term purpose -missions define both what a firm aspires to be in teh long run and what it wants to avoid in the meanwhile

J306 Exam 1 Study Guide (Latest 2024/ 2025 Update) with Questions and Verified Answers| | 100% Correct | Grade A+

Emerging Strategy - when you started doing and discover it along the way Intended Strategy - the strategy the organization decides on during the planning phase and wants to use Business Canvas Model - Canvas model that allows you to summarize a business model for developing new or documenting existing business models.

Strategy - a firm's theory about how to gain competitive advantages Strategic Management Process - A sequential set of analyses and choices that can increase the likelihood that a firm will choose a good strategy; that is, a strategy that generates competitive advantages MISSION, OBJECTIVES, (External analysis & Internal analysis), STRATEGIC CHOICE, STRATEGY IMPLEMENTATION, COMPETITIVE ADVANTAGE

Strategy - The central integrated, externally oriented concept of how we will achieve our objectives; how an organization faced with competition will achieve superior performance Competitive advantage - conditions that allow a company to produce a product or service at a lower price or in a more desirable fashion Emergent vs Intended Strategy - The strategic management process leads managers to intended strategies, however conditions often change or new information becomes available - emer...

Strategic Management Process - increases the likelihood of choose a strategy that will result in competitive advantage Strategy - firm's theory about how to gain competitive advantage Mission - Long term Objectives - short term; measurable; help you get to your mission Strategy Implementation - How strategies are carried out; occurs when firm adopts policies and practices that are consistent with the strategy

J306 FINAL EXAM 2024...

J306 Final Exam (Latest 2024/ 2025 Update) with Questions and Verified Answers| | 100% Correct | Grade A+