SGMA 591 Chapter 3 Exam Questions With Correct Answers
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Course
SGMA 591
Institution
SGMA 591
SGMA 591 Chapter 3 Exam Questions With
Correct Answers
Max Max Strategy SO - answerStrategies that use strengths to maximize opportunities
Max Min Strategy ST - answerStrategies that use strengths to minimize threats
WO Min Max strategy - answerStrategies that minimize weaknesses by taking adva...
SGMA 591 Chapter 3 Exam Questions With
Correct Answers
Max Max Strategy SO - answer✔Strategies that use strengths to maximize opportunities
Max Min Strategy ST - answer✔Strategies that use strengths to minimize threats
WO Min Max strategy - answer✔Strategies that minimize weaknesses by taking advantage of
opportunities
Min Min strategy - answer✔Strategies that minimize weaknesses and avoid threats
internal environment - answer✔the relationship between strategy and the resources and
capabilities of the firm When external environment is subject to rapid change, internal resources
and capabilities offer a more secure basis for strategy than market focus
who faces difficulties in building new technological capabilities - answer✔Companies that
when faced with radical technological change attempt to maintain their market focus Kodak
dominance in world market for photography
Capabilities - answer✔what a firm can do essence of superior performance
resource - answer✔do not confer competitive advantage the productive assets owned by the
firm
organizational capabilities resoures? - answer✔tangible intangible human
Indicator = debt equity ratio, credit rating, net cash flow
Physical tangible resources characteristics and indicators - answer✔characteristics = plant and
equipment, size location technology flexibility, land and buildings raw material
indicators = market value of fixed assets, scale of plants, alternative use for fixed assets
tangible resources - answer✔financial and physical
intangible resources are more valuable than tangible because - answer✔they are rooted deeply
in the firm's history and have accumulated over time(remain largely invisible in financial
statements which causes large and growing divergence between companies' balance sheet
valuations ('book values') and their stock market valuation
intangible resources - answer✔reputation, tech
competencies modeling - answer✔identifying the set of skills, content knowledge, attitudes and
values associated with superior performers within a particular job category and then assessing
each employee against that profile
emotional intelligence - answer✔the recognition of the importance of interpersonal skills and
emotional awareness.
organizational culture and whose idea - answer✔an amalgam of shared beliefs, values,
assumptions, significant meanings, myths, rituals, and symbols that are held to be distinctive
by sebastian green
organizational capabilities - answer✔a 'firm's capacity to deploy resources for a desired end
result'. Want competitive advantage
very organization has features of its capabilities that are unique and difficult to capture using
simple functional and value chain classifications.
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