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Globus Test 1 Questions And Verified Detailed Answers Graded A+
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Globus Test 1 Questions And Verified DetailedAnswers Graded A+ 2024-2025
A term described as an integrative management field that combines analysis,
formulation and implementations in the quest for competitive advantage. - Answer
Strategic Management
Identify "Strategic commitments" as a formulated strategy and using policy - Answer
Strategic commitments are effective guiding policies such as sizable investment or
changes o an organizations incentives and reward systems. These are big changes that
can't be easily reversed.
Understand what is meant by competitive parity Performance of two or more firms are
at the same level.
competitive advantage a firm that realizes superior performance relative to other
competitors in the same industry or the industry average
sustainable competitive advantage outperforming competitors or the industry average
over an extended period of time
Competitive disadvantage - Answer underperformance relative to rivals or the average
performance of the industry
2. What is the phrase that describes the vision developed by Wendy Kopp for Teach for
America - Answer "One day, all children in this nation will have the opportunity to attain
an excellent education"
Difference between a firms vision and mission - Answer a vision defines what an
organization wants to accomplish. A goal describes what an organization does to get a
vision accomplished.
, Why is it better for firms to keep their vision statements customer-oriented rather than
product oriented? - Answer Customer oriented vision statements allow companies to
adapt to change. Product oriented often contains this ability.
Organizational core values are the _________ that govern the behavior of individuals
within a firm or organization. - Answer ethical standards and norms.
Strategic leadership pertains to the use of power and influence by ______ to direct the
activities of others when pursuing an organizations goals. - Answer corporate
executives.
Be able to identify a person on a level-5 pyramid and understand each level - Answer 1-
highly capable individual
2- team player
3- able manager
4- real leader
5- corporate directors
Level 5 Person: Sheryl Sandberg COO of FB
Summary Level Difference between SBU (strategic business unit) vs. a corporate
partner - Answer
What does top down strategic planning assumes? - Answer Often rests on the
assumption that we can predict the future from the past.
understand an be able to identify scenario planning situations - Answer Scenario
planning asks "what if questions" to anticipate plausible futures in order to derive
strategic responses.
Unexpected events that are highly improbable but lead two changes can best be
described as a - Answer black swan event
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