100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
MGMT 490 Theory Exam UPDATED ACTUAL Exam Questions and CORRECT Answers $9.49   Add to cart

Exam (elaborations)

MGMT 490 Theory Exam UPDATED ACTUAL Exam Questions and CORRECT Answers

 0 view  0 purchase
  • Course
  • MGMT 490
  • Institution
  • MGMT 490

MGMT 490 Theory Exam UPDATED ACTUAL Exam Questions and CORRECT Answers What parts make up the formulation and implementation model? - CORRECT ANSWER- 1. Environment 2. Resources 3. Social Responsibility 4. Goals of management 5. Strategy 6. Structure 7. Systems 8. Leadership St...

[Show more]

Preview 2 out of 6  pages

  • October 22, 2024
  • 6
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • MGMT 490
  • MGMT 490
avatar-seller
MGRADES
MGMT 490 Theory Exam UPDATED
ACTUAL Exam Questions and
CORRECT Answers
What parts make up the formulation and implementation model? - CORRECT
ANSWER✔✔- 1. Environment
2. Resources
3. Social Responsibility
4. Goals of management
5. Strategy
6. Structure
7. Systems
8. Leadership


Strategy - CORRECT ANSWER✔✔- -A way to develop strategic competence.
-How do I get a competitive advantage over my competition?


Leadership - CORRECT ANSWER✔✔- -Long-term effort with strategic values
-Task structure, position power, leader-member relations


Goals of management - CORRECT ANSWER✔✔- Cash
Account income
Retained Earnings
Sales


-You can have cash, but still have lost money


Social Responsibility - CORRECT ANSWER✔✔- A large scale society is good for business
and for us.
Ethical issues:

, -Don't kill the customer
-Equal opportunity
-Freedom of the press
-Helping the poor/sick


What models relate to environment? - CORRECT ANSWER✔✔- Porters and Supply Chain



Which models relate to resources? - CORRECT ANSWER✔✔- Financial Analysis Ratios



Which models relate to strategy? - CORRECT ANSWER✔✔- -Grand
-Generic
-Business Model
-BCG
-Rumelt


What items go under structure? - CORRECT ANSWER✔✔- -Size
-Product
-Decision making
-Evaluation


What parts make up the Porter's Five Forces of Competition model? - CORRECT
ANSWER✔✔- 1. Barriers to entry/exit
2. Industry competition
3. Suppliers
4. Buyers
5. Substitutes


Barriers to exit - CORRECT ANSWER✔✔- What keeps us in the industry?
-Company assets
-Legal obligations

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller MGRADES. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $9.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

75632 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$9.49
  • (0)
  Add to cart