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SEVI 3013 Exam 1 Rodeffer | 87 Questions with 100% Correct Answers | Verified | Latest Update 2024 $12.99   Add to cart

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SEVI 3013 Exam 1 Rodeffer | 87 Questions with 100% Correct Answers | Verified | Latest Update 2024

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SEVI 3013 Exam 1 Rodeffer | 87 Questions with 100% Correct Answers | Verified | Latest Update 2024

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SEVI 3013 Exam 1 Rodeffer | 87
Questions with 100% Correct Answers |
Verified | Latest Update 2024



Vision - ✔✔evokes powerful and compelling mental images of a shared future




Mission - ✔✔encompasses the organizations current purpose, bases

of competition, and competitive advantage




Strategic objectives - ✔✔a set of organizational goals that are used to

operationalize the mission statement and that are specific and cover a well-

defined time frame




Mission Statement - ✔✔encompasses both the purpose of the company and

the basis of competition and competitive advantage

,corporate level strategy - ✔✔specifies actions a firm takes to gain a competitive

advantage by selecting and managing a group of different businesses competing

in different product markets




business level strategy - ✔✔a plan that indicates how a division intends

to compete against its rivals in an industry




shareholder - ✔✔A person who invests in a corporation by buying stock and is

a partial owner




Stakeholders - ✔✔the people whose interests are affected by an

organization's activities




Key Players in Corporate Governance - ✔✔Board of directors, CEO,

senior executives, and shareholders

, board of directors - ✔✔a group of persons elected by the stockholders to

manage a corporation




CEO - ✔✔chief executive officer




senior executive - ✔✔senior manager




knowledge-intensive - ✔✔a company that needs a lot of expertise to make

its products




Strategic Leaders - ✔✔people located in different areas and levels of the firm

using the strategic management process to select strategic actions that help the

firm achieve its vision and fulfill its mission




Social Responsibility - ✔✔the obligation of a business to contribute to society

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