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MGMT 3000 Jeopardy Exam 2 Questions and Answers | Latest Version | 2024/2025 | 100% Verified £7.49
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MGMT 3000 Jeopardy Exam 2 Questions and Answers | Latest Version | 2024/2025 | 100% Verified
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MGMT 3000 Jeopardy Exam 2 Questions and Answers | Latest Version | 2024/2025 | 100% Verified What is the role of competitive analysis in business strategy? To assess competitors' strengths and weaknesses to inform strategic decisions and positioning. How does employee motivation impact...

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  • September 4, 2024
  • 19
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • mgmt 3000 jeopardy exam 2 questions and answers

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MGMT 3000 Jeopardy Exam 2 Questions
and Answers | Latest Version | 2024/2025
| 100% Verified

What is the role of competitive analysis in business strategy?


✔✔ To assess competitors' strengths and weaknesses to inform strategic decisions and

positioning.




How does employee motivation impact organizational performance?


✔✔ Motivated employees are more productive, engaged, and committed to achieving

organizational goals.




What is the benefit of having clear organizational objectives?


✔✔ Clear objectives provide direction, align efforts, and measure progress towards achieving

goals.




How does corporate culture affect employee retention?


✔✔ A positive culture fosters employee satisfaction and loyalty, reducing turnover and

enhancing retention.



1

,What is the purpose of a value chain analysis?


✔✔ To identify and optimize key activities that create value for customers and improve

competitive advantage.




How do leadership styles influence team dynamics?


✔✔ Different styles affect team morale, communication, and effectiveness in various ways.




What is the significance of benchmarking in performance improvement?


✔✔ Benchmarking compares performance against industry standards to identify areas for

enhancement.




How does project scope management contribute to project success?


✔✔ It defines and controls what is included in the project, preventing scope creep and ensuring

project objectives are met.




What is the role of financial forecasting in business planning?


✔✔ To predict future financial conditions and guide budgeting, investments, and strategic

decisions.

2

, How does cross-functional collaboration benefit an organization?


✔✔ It leverages diverse skills and perspectives to solve complex problems and achieve

organizational goals more effectively.




What is the function of strategic alignment in business operations?


✔✔ It ensures that all departments and activities are working towards the same overarching

goals and objectives.




How does scenario planning aid in risk management?


✔✔ By exploring various potential future scenarios, it helps organizations prepare for and adapt

to uncertainties.




What is the importance of ethical leadership in a company?


✔✔ It fosters a culture of integrity, builds trust, and ensures that the company operates in a

socially responsible manner.




How does effective supply chain management impact business efficiency?


✔✔ It optimizes the flow of goods and services, reducing costs and improving delivery times.

3

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