MGT 499 - Strategic Management(Completely solved)

explain the concept of strategy correct answers the set of related actions that managers take to increase their company's performance - achieving superior performance relative to rivals is the ultimate challenge outline the main components of the strategic management process correct answers 1...

What is Strategy? correct answers A plan yo achieve a goal. In business a set of decisions in order to outperform competition and achieve greater financial results. S.M.A.R.T. correct answers S. pecific M easurable A ttainable R ealistic T ime-dependent Unique Value Proposition cor...

Strategic Management correct answers * "The analyses, decisions, and actions an organization undertakes in order to create and sustain competitive advantages" * Broadly, you have strategies (the things you do that facilitate success) and operational effectiveness (doing those things bette...

Strategy correct answers set of related actions that managers take to increase their company's performance Strategic Thinking for strategy planning or development is an emergent of three things: correct answers 1. External analysis 2. Internal Analysis 3. Strategic Choice External Analysi...

Structure correct answers the firm's formal reporting relationships, procedures, controls and authority, and decisoon-making processes Simple structure correct answers works fine for a small startup; one manager, everyone else under him has the same power (Cricket wireless) functional struc...

A strategy can be defined as a set of related actions that managers take to increase their company's performance. correct answers True Strategic leadership is concerned with how to most effectively manage a company's strategy-making process to create competitive advantage. correct answers T...

Corporate strategy correct answers a quest for competitive advantage when competing in multiple areas Corporate strategy concerns the scope of the firm in terms of correct answers - Industry value chain - Products and services - Geography The scope of the firm determines _________ along the ...

Which of the following are evaluated during the analysis process of strategic management? (Check all that apply.) correct answers internal environment strategic goals external environment Which of the following are key attributes of strategic management? (Check all that apply.) correct answers ...

To adapt to the globalization of manufactured goods, companies must first adapt their strategy to correct answers compete against international companies with the same basic product The competitive position of a company based on the nation-state in which the company is located is referred to as c...

strategic leadership correct answers the ability to anticipate, envision, maintain flexibility, and empower others to create strategic change as necessary strategic change correct answers change brought about as a result of selecting and implementing a firm's strategies transformational lea...

Internal analysis is concerned with identifying a company's opportunities and weaknesses. correct answers False Together with an analysis of the company's external environment, internal analysis gives managers the information they need to choose the business model and strategies that will e...

Todays number correct answers 20, 14, 13 Strategy correct answers •The plan of action that allocates resources and activities in order to achieve competitive advantages and goals •Generally "strategy" refers to long term organization planning, focused primarily on financial and compe...

Competitive Strategy correct answers Shaped by external environment (opportunities and threats) and its internal organization (strength and weaknesses) -Distinctive array of interdependent choices that address a desired outcome, market positioning, value proposition, and source of competitive advan...

corporate governance correct answers the set of mechanisms used to manage relationships among stakeholders and to determine and control the strategic direction and performance of organizations agency relationship correct answers exists when one party delegates decision making responsibility to a ...

Strategy correct answers set of related actions managers take to increase company performance Strategic Leadership correct answers creating competitive advantage thru effective management of strategy-making process strategy formulation correct answers selecting strategies based on analysis of ...

What is strategic leadership? correct answers Executives use of power to influence to direct the activities of others when pursuing an organzation's goals What is power? correct answers Ability for a leader to influence the behavior of other members of the organizations to do things they would...

Resource Based Theory correct answers A theory that contends that the possession of strategic resources can provide an organization with competitive advantages over its rivals. A strategic resource is an asset that is valuable, rare, difficult to imitate, and nonsubstitutable. Valuable correct a...

_______ happens when CEOs do not work to maximize shareholders' interest according to their employment contract while _______ happens when CEOs misrepresent themselves in order to get hired. A. Moral hazard, adverse selection B. Adverse selection, moral hazard C. Agency, principle D. None of...