Exam (elaborations)
MGT CAPSTONE EXAM REVIEW 1
- Course
- Institution
MGT CAPSTONE EXAM REVIEW 1
[Show more]
Content preview
MGT CAPSTONE EXAM REVIEW 1Apobusinesspostrategypoispodefinedpoaspoapoplanpotopoachievepocompetitivepoadvantagepot
hatpoinvolvespomakingpofourpostrategicpochoices.poWhichpoofpothepofollowingpoispoNOTpoo
nepoofpothesepostrategicpochoices?po-poans-Decidingpowhichpomarketspotopotakepoover
Whichpoofpothepofollowingporepresentspoapocompany'spoprimarypopurposepothatpooftenposp
ecifiespothepobusinesspoorpobusinessespoinpowhichpothepofirmpointendspotopocompetepo-
poorpothepocustomerspoitpointendspotoposerve?po-poans-Mission
Apofunctionalpostrategypoconsistspoofpodecisionspoaboutpohowpotopogainpoandposustainpoa
dvantage,pomadepoatpothepomanagerpolevelpoforpoeachpostandalonepobusinesspounitpowith
inpoapocompany.po(T/F)po-poans-False
Whichpoofpothepofollowingpoispodefinedpoaspotheporeasonpoapofirmpowinspowithpocustomers
poorpothepovaluepopropositionpoitpoofferspotopocustomers?po-poans-Uniquepovalue
Thepo__________poexaminespothepoforcespothatpoinfluencepoindustrypoattractiveness,poin
cludingpoopportunitiespoandpothreatspothatpoexistpoinpothepoenvironment.po-poans-
Externalpoanalysis
Apo__________poadvantagepoispoanpoadvantagepoapofirmpohaspooverpoitspocompetitorspob
ypomakingpoapoproductpomorepoattractivepobypoofferingpouniquepoqualitiespoinpothepoformpo
ofpofeatures,poreliability,poandpoconveniencepothatpodistinguishespoitpofrompocompetingpop
roducts.po-poans-Differentiation
ApoSWOTpoanalysispoispoapostrategicpoplanningpomethodpousedpotopoevaluatepothepostren
gths,poweaknesses,poobjectives,poandpotheoriespoinvolvedpoinpoapobusiness.po(T/F)po-
poans-False
Dividingpouppocustomerspointopogroupspobasedpoonposimilarponeedspoorpowantspoispoknow
npoaspoa(n)po__________.po-poans-Segmentationpoanalysis
Accordingpotopothepo__________,poeachpocompanypoispoapocollectionpoofporesourcespoan
dpocompetenciespothatpoarepodeployedpotopodeliverpouniquepovalue.po-poans-Resource-
basedpomodel
Whichpoofpothepofollowingpoincludespodecisionspoaboutpohowpotopoeffectivelypoimplementp
othepobusinesspounitpostrategypowithinpofunctionalpoareaspolikepofinance,poproductpodevelo
,pment,pooperations,poinformationpotechnology,posalespoandpomarketing,poandpocustomerp
oservice?po-poans-Functionalpostrategy
Apo__________poinvolvespoactivitiespoandpostrategicpochoicespothatpoinfluencepoapofirm'sp
oabilitypotopoenterpoparticularpomarkets,podeliverpouniquepovaluepotopocustomers,poorpocre
atepobarrierspotopoimitatingpoitspoproduct.po-poans-Strategypovehicle
Whichpoofpothepofollowingporeferspotopothepotranslationpoofpoapochosenpostrategypointopoor
ganizationalpoactionposopoaspotopoeffectivelypoapplypothepoactivitiesporequiredpotopoachiev
epostrategicpogoalspoandpoobjectives?po-poans-Strategypoimplementation
__________poarepochargedpowithpoformulatingpoandpoimplementingpoapostrategypowithpot
hepoobjectivepoofpoensuringpotheposurvivalpoandposuccesspoofpoanpoorganization.po-poans-
Strategicpoleaders
Apo__________postrategypoinvolvespoapoplanpoorpopatternpoofpoactionpothatpoispoformulate
dpothroughpoapoplanningpoprocesspothatpoispothenpocarriedpooutpotopoachievepothepomissio
npoorpogoalspoofpoanpoorganization.po-poans-Deliberate
Whichpoofpothepofollowingporeferspotopoapoplanpoorpopatternpoofpoactionpothatpodevelopspoo
verpotimepoinpoanpoorganizationpodespitepoapomissionpoorpogoals?po-poans-
Emergentpostrategy
Thosepothatpohavepoaposharepoorpoanpointerestpoinpothepoactivitiespoandpoperformancepoof
poanpoorganizationpoarepoknownpoaspostakeholders.po(T/F)po-poans-True
Timingpomatterspoinpostrategy.po(T/F)po-poans-True
AccordingpotopoMintzberg,poyourpoplannedpostrategypoispomorepoimportantpothanpowhatpoy
oupoactuallypoendpouppodoing.po(T/F)po-poans-False
Greatpogenerals/CEOspothinkpoaboutpothepo______.po-poans-Whole
Apogoodpostrategypoprovidespoclearpoanswerspotopofourpokeypoquestions.poWhichpoonepoof
pothepofollowingpoispoNOTpoonepoofpothepofourpoquestions?po-poans-
Wherepowillpowepobepoaspoapocompanypoinpo10poyears?
WherepodoespoIKEApocompete?po-poans-Globalpolow-endpofurniturepomarket
Whatpoispothepodifferencepobetweenporesourcespoandpocapabilities?po-poans-
Resourcespoarepoassetspo(tangiblepoorpointangible)powhereaspocapabilitiespoarepoprocess
espoorpowayspoapocompanypousesporesourcespotowardspoanpoendpogoal
Thepoindustrypoandpogeographicpoareapothatpoapocompanypocompetespoin,poisporeferredpot
opoaspoitspo________.po-poans-Market
, ________pocanpobepobestpodefinedpoaspotheporeasonpoapofirmpowinspowithpocustomerspoo
rpothepovaluepopropositionpoitpoofferspotopocustomers,posuchpoaspoapolow-
costpoadvantagepoorpodifferentiationpoadvantage.po-poans-Uniquepovalue
GemspoCorp.poispoapoleadingpojewelrypobrandpothatpofindspoitpohardpotopomakepoaspomuch
poprofitpoaspoitspocompetitors.poInpoorderpotopoovercomepothis,pothepoemployeespoofpoGem
spoCorp.podecidepotopoworkpoharderpotopoprovidepouniquepovaluepotopocustomerspoandpoin
creasepotheposalespoofpothepocompany.poAfterpoapoyear,poitpoispoablepotopomakepomorepopr
ofitspothanpoitspocompetitors.poThisposcenariopobestpoillustratespo________.po-poans-
Competitivepoadvantage
Whichpoofpothepofollowingpoispotruepoofpocompetitivepoadvantage?po-poans-
Itporequirespoapocompanypotopoconsistentlypooutperformpoitsporivalspoinpogeneratingpoabov
e-averagepoprofits
ThepomanagementpoofpoNeptunepoInc.pocreatespoapodefinitepoplanpoofpoactionpothatpowillpo
surelypocreatepoprofitspoforpothepocompany.poItpoallocatespoandposectionalizespoitspomachi
nerypoandpopersonnel.poThepomainpoofficepoispomovedpotopoapoprimepolocationpothatpohelp
spoattractpocustomerspoandpofacilitatespocompetitivepodevelopment.poThispoplanpoofpoactio
npohelpspoNeptunepoInc.poretainpoitspocompetitivepoadvantagepoandpohaspoalsopogrowpoas
poapocompany.poWhichpoofpothepofollowingpotermspodoespothisposcenariopobestpoillustrate?
po-poans-Strategicpomanagementpoprocess
Whichpoofpothepofollowingpostatementspoispotruepoofpoexternalpoanalysis?po-poans-
Itpostudiespothepofactorspothatpoinfluencepoanpoorganization'spoappealpoandpoenvironment
SweetmeatspoInc.,poapodeli,poproducespoitspoownpograins,posuchpoaspocorn,powheat,porice,
poandpooats.poThepoemployeespocreatepodifferentpotypespoofpobreadspowithoutpohavingpoto
pobuypothepograinspofrompootherposources.poThispohaspohelpedpothemposellpotheirpobreadpo
itemspotopocustomerspoatpomuchpolowerpopricespothanpootherponeighboringpodelis.poThispo
scenariopobestpoillustratespoa(n)po________.po-poans-Costpoadvantage
LavenderpoFurniturepoestablishedpoitselfpoinpo1965poaspoaposmallpofirm.poItpowasposituated
poonpoaposmallpostretchpoofpolandpolocatedpomilespoawaypofrompothepotown.poOverpothepoy
ears,poduepotopothepohighpoqualitypoofpoitspoproducts,poitpoacquirespoenoughpoprofitspotopoo
wnpomultiplepoassets,posuchpoaspoapobiggerpoplotpoandpomachinery,porecruitpoemployeesp
oandpoestablishpoitselfpoaspoapobrand.poWhichpoofpothepofollowingpoispoanpoelementpoofpoth
epostrategicpomanagementpoprocesspothatpoLavenderpoFurniturepohaspoacquired?po-
poans-Resources
Apogrouppoofpofourpopeoplepowantspotopostartpoanpoofficeposupplypochain.poTheyporealizepo
thatpoifpotheirpocompanypohaspotopofunctionpowell,potheypomustposetpothepoprimarypoaimpof
orpowhichpothepocompanypohaspoenteredpothatpoparticularpobusiness.poThispoaimpowillpohe
lppothepocompanypofunctionpoinpoanpoorganizedpomannerpoandpoprovidepothepostaffpowithp
oapofocuspotopomeetpotheirpogoals.poWhichpoofpothepofollowingpodoespothisposcenariopodepi
ct?po-poans-Mission
The benefits of buying summaries with Stuvia:
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
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
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 MASTERGRADE01. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
52510 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now