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GEB 4890 Exam 1 Questions with Correct Answer1.
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GEB 4890 Exam 1 Questions with Correct Answer1.
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GEB 4890 Exam 1 Questions with Correct Answers(Ch.1) What is proactive? Correct Answer-Planned decisions and actions
(Ch.1) What is reactive? Correct Answer-Responses to new
developments
(Ch.1)What is deliberate strategy? Correct Answer-Proactive parts
(Ch.1)What is emergent strategy? Correct Answer-adaptive responses to
newness
(Ch.1) What is realized strategy? Correct Answer-Deliberate + Emergent
(Ch.1) In crafting a company's strategy... Correct Answer-Management
need not to come up with sustainable competitive advantage that draws
in customers and produce a competitive edge over rivals
(Ch.2) Perhaps the most important benefit of a vivid, engaging and
convincing strategic vision is: Correct Answer-Uniting company
personnel behind managerial efforts to get the company moving in
intended direction
(Ch.3) Thinking strategy about the industry and competitive involves in-
depth analysis and evaluation of such considered as: Correct Answer-All
of the above (-strength of equilibrium forces driving change -market
, positions of rivals and relative strengths -critical factors influencing post
competitive success)
(Ch.4) Difference between resource and capability is: Correct Answer-A
resource is a productive input; A capability is capacity of firm to
perform some internal activity competency
(Ch.9) Business Ethics concerns: Correct Answer-The application of
general ethic principles to the action and decision of companies and
conduct of their personnel
(Ch.1) What is strategy? Correct Answer-Set of actions that its managers
take to outperform the company's competitors and achieve superior
profitability
(Ch.1) A Winning strategy must pass three tests: Correct Answer-1. The
Fit Test 2. The competitive advantage test 3. The Performance Test
(Ch.9) Define Business Ethics? Correct Answer-Deals with the
application of general ethical principles to the actions and decisions of
businesses and the conduct of their personnel
(Ch.9) What is Ethical Universalism? Correct Answer-most fundamental
conceptions of right and wrong are universal (good and bad)
(Ch.9) What is Ethical Relativism? Correct Answer-Holds that differing
religious beliefs, customs and behavioral norms across countries and
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