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Globus Final Exam | Latest Questions with 100% Correct Answers
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Globus Final Exam | Latest Questions with100% Correct Answers
strategy formulation - ✔️✔️concerns the choice of strategy in terms of where and
how to compete
strategy implementation - ✔️✔️concerns the organization, coordination, and
integration of how work gets done
Corporate Strategy - ✔️✔️concerns questions relating to where to compete in
terms of industry, markets, and geography
Business Strategy - ✔️✔️concerns the question of how to compete. Three generic
business strategies are available: cost leadership, differentiation, or value
innovation.
Funtional Strategy - ✔️✔️concerns the question of how to implement a chosen
business strategy
Leadership Pyramid - ✔️✔️A conceptual framework of leadership progression with
five distinct, sequential levels.
1) highly capable individual: makes productive contributions through motivation,
talent, knowledge, and skills
2) contributing team members: uses high level of capability to work effectively
with others in order to achieve team objectives
, 3) competent manager: is efficient and effective in organizing resources to
accomplish stated goals and objectives. Does things right
4) effective leader: presents compelling vision and mission to guide groups
toward superior performance. Does the right things
5) executive: builds enduring greatness through a combination of willpower and
humility
Top-down strategic planning - ✔️✔️A rational, data-driven strategy process
through which top management attempts to program future success.
Scenario planning - ✔️✔️Strategy-planning activity in which top management
envisions different what-if scenarios to anticipate plausible futures in order to
derive strategic responses.
Dominant planning - ✔️✔️top managers decide most closely matches the current
reality and which is then executed
intended strategy - ✔️✔️the outcome of a rational and structured top-down
strategic plan
realized stratgey - ✔️✔️combination of intended and emergent strategy
emergent strategy - ✔️✔️any unplanned strategic initiative bubbling up from the
bottom of the organization
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