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MAN 320F Exam 2 with 100% correct Answers
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MAN 320F Exam 2 with 100% correct Answers
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MAN 320F Exam 2 with 100% correct AnswersValue Innovation - Answer --Value (utility, cost, and price position) creation and innovation
-add value and reduce cost by enhancing a limited set of key factors and eliminating traditional factors
Strategic plan - Answer --comprehensive plan/action that identifies critical direction and guides allocation of resources of an organization
Strategic Management - Answer -process through which organizations
-analyze/learn from stakeholders
-establish strategic direction
-create strategies that help achieve established goals
-execute those strategies in effort to satisfy key organization stake holders
Three Key Environments - Answer -1) The Organization -owners/managers/employees
2)Task Environment- competitors/suppliers/government 3) Broad Environment- no direct baring on organization
The Broad Environment - Answer --no direct baring on organization
-domestic and global forces
-Socio-cultural trends
-technological trends
-political trends
-Economic trends
Task Environment (3) - Answer --customers
-suppliers
-competitors
Internal Environment - Answer --Internal stakeholders
Mission Statement - Answer --reflects what an organization is
-used for decision making and resource allocations Vision Statement - Answer --forward-looking vie of what the organization wants to become
Michael Porter's 5 Forces - Answer --Power of Customers
-Power of Suppliers
-Threat of New Entrants
-Availability and Comparability of Substitutes
-Competition among existing competitors
Cola Wars: Barriers of Entry (3) - Answer --Brand equity
-limited shelf space
-franchise system (bottling) is very capital intensive w/ exclusive arrangements
Globalization 1.0 (1492-1800) - Answer --man started to go outside of their environment
and having a global footprint
-world shrank from large to medium
-main player: Countries
Globalization 2.0 (1800-2000) - Answer --Corporations globalizing instead of countries
-world shrank from medium to small
-main player is multi-national corporations
Globalization 3.0 (2000- ) - Answer --Focus is on the individual
-World continues to get smaller an flatter
-Individual is main player
10 Forces that flattened the world - Answer -1) Fall of the Berlin Wall
2)Rise of the Internet
3) Workflow Revolution
4)Uploading
5) Outsourcing
6)Offshoring
7) Supply-Chaining
8) Insourcing
9) In-forming
10) The Steroids
AES Case Study: Core Values (4) - Answer --Integrity
-Fairness
-Fun
-Social Responsibility
Three Pledges in the Declaration of Independance - Answer --Lives
-Fortunes
-Sacred Honor Management - Answer --Getting others to be compliant w/ goals
-coping w/ compexity
-Bring about order and consistency
Plan, organize, and control
-work towards mitigating risk
Leadership - Answer --ability to inflence a group towards goals
-coping and creating change
-establish direction of organization
-thrives on risk
Trait Theory on Leadership (4) - Answer --Leaders are born, not made
-Differentiate on
1) Extraversion
2)conscientiousness
3)openness
4) Emotional Intelligenc
Behavioral Theory on Leadership - Answer --Leaders can be taught
Grid Theory on Leadership - Answer --results oriented vs people oriented
-looks at if people or results of organization are driven
Leader-member exchange theory on Leadership - Answer --Leaders form different relationships w/ follower
-'in the circle' obtains more rewards and attention
GE Case Study: 3 Key transformations - Answer -1) organizational anatomy
2) organizational physiology
3) organization psychology
GE Case Study: Three Core business - Answer --Services
-Technology
-Core
AES CASE:Core Values (4) - Answer --Fun
-Fairness
-Integrity
-Social Responsibility
AES CASE:Four Lines of Business Activity - Answer --Contract Generation
-Competitive Supply
-Large utilities
-Growth Distribution
AES CASE: Assessment of operations (4) - Answer --Shared Values
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