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

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 - 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...