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BUAD 453 Exam 1 Questions And 100% Correct Answers
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BUAD 453 Exam 1 Questions And 100%Correct Answers
Competitive Advantage - ANSWER If a firm can continually outperform its rivals,
because the firm is able to earn profitability and grow more than others in the industry
which is an example of ___________.
maximizing the return to shareholders is to focus on the customers and employees -
ANSWER A tech company decides it should pay above-market wages to its top
performing workers, reducing its shareholder returns in the short term. But the worker
tenure pays off in sustained R&D and breakthrough products, which generates sales
growth and reduces recruiting costs. This is an example of:
sustained competitive advantage - ANSWER a firm in the airline industry that has posted
an ROIC above 25% for each of the past 5 years is ___________________________.
The strategic objectives of the organization will include a mix of performance goals
towards the charity mission, revenue, and fundraising goals. - QUESTION a nonprofit
organization is considering hosting a series of sessions to develop its mission, vision,
goals, operation model and strategic plan. Distinguish between planning for charities
versus for companies. How will the process be different for the nonprofit?
A strategic manager and the head of an entire division. They are responsible for
translating the corporate strategy into concrete strategies for the business unit.
-ANSWER A business-level manager in a multi-divisional company is:
Bhascar works with managers in his business to develop and implement specific plans
for his division that are aligned with corporate goals. ANSWER Bhascar has just been
named general manager of a new business unit formed by a multidivisional company.
His first order of business will be to implement the strategic plan for the new division.
Which of the following statements about Bhascar's position with the company is TRUE?
, functional-level manager - ANSWER Lisa is the VP of sales and marketing for a software
development company. She has been working with her sales force over the last several
months to create a promotion strategy to sell obsolete software quickly at a lower price
than the suggested price. What role of strategic manager is Lisa playing with this
strategy?
setting the corporation's corporate mission and major corporate goals - ANSWER Which
of the following, according to Hill and Schilling, would be an important part of a formal
strategic management process?
what the corporation does regarding its customers, their needs, and through what core
competencies. - ANSWER a mission statement describes:
customer centric - ANSWER Nike: "To inspire and innovate every athlete in the world."
This is an example of a _______________ mission statement
The Feedback loop- ANSWER The idea that the strategy making process is never really
finished but instead changes constantly as new information emerges is:
Well-crafted objective - ANSWER My company has goals to launch a minimum of five
new products every year for the next five years through a minimum annual 10%
investment in R&D.
This is representative of a:
find strategies that exploit external opportunities, counter threats, build on strengths,
and shore up weaknesses. - SOLUTION The primary task of managers conducting a
SWOT analysis is to:
most often the local businesses are served by one of three large national HVAC service
firms in addition to a number of smaller regional players. ANSWER An HVAC contractor
is considering the addition of a new business line: commercial facility maintenance and
service as an augmentation of its construction contracting. In contemplation of this
potential strategy, the contractor embarks upon a strategic planning for this business
unit and conducts an external and internal factors analyses for the business. Of the
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