Busi 490 capstone Study guides, Class notes & Summaries

BUSI 490 CAPSTONE FINAL EXAM ANNUAL OBJECTIVES - correct answer Short-term milestones, usually one year, that organizations must achieve to reach long-term targets/goals. COMPETITIVE ADVANTAGE - correct answer Anything a firm does especially well, compared to rival firms. For example, when a firm can do something that rival firms cannot do, or owns something that rival firms desire, that can represent a competitive advantage. EMPOWERMENT - correct answer The act of strengthening employees...

BUSI 490 CapstoneAnnual objectives (p. 11) - correct answer Short-term milestones, usually one year, that organizations must achieve to reach long-term targets/goals. Competitive advantage (p. 8) - correct answer Anything a firm does especially well, compared to rival firms. For example, when a firm can do something that rival firms cannot do, or owns something that rival firms desire, that can represent a competitive advantage. Empowerment (p. 15) - correct answer The act of strengthening...

BUSI 490: Capstone Liberty UniversityStrategic Management - correct answer The art and science of formulating, implementing, and evaluating cross-functional decisions that enable an organization to achieve its objectives strategy formulation - correct answer -developing a vision and mission -identifying an organization's external opportunities and threats -determining internal strengths and weaknesses -establishing long-term objectives -generating alternative strategies -choosing partic...

BUSI 490: Capstone Exammission statement - correct answer a company's "reason for being" vision statement - correct answer FIRST step in strategic planning, answers the question "What do we want to become?" environmental scanning - correct answer the process of conducting research and gathering/assimilating external info David's 9 for mission statement - correct answer customers products/services markets (geographically) technology survival, growth, profitability philosophy ...