Mgt 8803 – strategy Study guides, Class notes & Summaries

MGT 8803 - Business Strategy Exam ...

Growth, Stability, Renewal - ANSWER-Three "grand" strategies planning, organizing, leading, controlling - ANSWER-4 functions of management end result of decisions and tradeoffs made by management in formulating strategy. Also, how the firm plans on creates and capturing value - ANSWER-Business Model transforming process using the internet or e-commerce capabilities (avoids costly capital investment vis-a-vis vert. integration but harder to capture all profits) - ANSWER-virtual in...

The management process correct answer: planning, organizing, leading, controlling planning correct answer: setting performance objectives and deciding how to achieve them organizing correct answer: arranging tasks, people, and other resources to accomplish the work leading correct answer: inspiring and motivating workers to work hard to achieve organizational goals controlling correct answer: measuring performance and taking action to ensure desired results strategy steps cor...

MGT 8803 – Marketing Latest Update 100% Pass Marketing Strategy Finding opportunities and developing profitable strategies to capitalize on those opportunities: Specifies a target market and related marketing mix. 5 Cs of Marketing Customer: buyers with needs the company aims to fulfill Company: goods or services provider fulfilling customer need Competitors: Orgs aiming to fulfill the same need as company Collaborators: external entities that work with company to create value Context: Envir...

Mgt 8803 - Module 4 Questions and Answers 100% Passed What is planning? Identifying goals and strategies to get to those goals. What was the focus of classical management? Productivity, making workers and organizations more efficient. What are Fayol's four functions of management? 1. Planning (deciding business goals and how to achieve them) 2. Organizing - (determining the best allocation of people and resources) 3. Leading - coordination the directing the activities of the employees 4. Cont...

MGT 8803 Final Exam Questions with Correct Answers 3 factors that effect planning of organization - Answer-1) organization level (more heirarchy better with more stability) 2) degree of uncertainty (more uncertain, shorter planning horizon) 3) length of future commitments (planning horizon should be as long as length of longest commitment by management 4 functions of management - Answer-1) planning: business goals 2) organizing: allocating resources 3) leading: coordinating and direct...

MGT 8803 - Marketing pt 1 Already Graded A Marketing the creation and satisfaction of demand for a product or service Strategy a set of ideas that outline how a product line or brand will achieve its objectives Tactic a specific action or method that contributes to achieving a goal Things a firm should do in marketing analyze needs predict wants estimate demand determine where estimate price decide promotion estimate competition provide service Universal Marketing Functions Buying Selling Tr...

MGT 8803 - Business Strategy The management process - ANSWER planning, organizing, leading, controlling planning - ANSWER setting performance objectives and deciding how to achieve them organizing - ANSWER arranging tasks, people, and other resources to accomplish the work leading - ANSWER inspiring and motivating workers to work hard to achieve organizational goals controlling - ANSWER measuring performance and taking action to ensure desired results strategy steps - ANSWER 1. set...

MGT 8803 Final Exam Questions With Answers 3 factors that effect planning of organization - CORRECT ANSWER- 1) organization level (more heirarchy better with more stability) 2) degree of uncertainty (more uncertain, shorter planning horizon) 3) length of future commitments (planning horizon should be as long as length of longest commitment by management 4 functions of management - CORRECT ANSWER- 1) planning: business goals 2) organizing: allocating resources 3) leading: coordinating...

MGT 8803 - Business Strategy The management process - ANSWER planning, organizing, leading, controlling planning - ANSWER setting performance objectives and deciding how to achieve them organizing - ANSWER arranging tasks, people, and other resources to accomplish the work leading - ANSWER inspiring and motivating workers to work hard to achieve organizational goals controlling - ANSWER measuring performance and taking action to ensure desired results strategy steps - ANSWER 1. set...