Lyons MGMT 3000 Exam 2 Jeopardy
Study Questions | Latest Update |
2024/2025 | Rated A+
What is the role of a mission statement in guiding organizational strategy?
It defines the organization's purpose and serves as a foundation for strategic planning.
How can managers use customer feedb...
Lyons MGMT 3000 Exam 2 Jeopardy
Study Questions | Latest Update |
2024/2025 | Rated A+
What is the role of a mission statement in guiding organizational strategy?
✔✔ It defines the organization's purpose and serves as a foundation for strategic planning.
How can managers use customer feedback to enhance service quality?
✔✔ By analyzing feedback to identify areas for improvement and make adjustments to meet
customer expectations.
What are the benefits of adopting a flat organizational structure?
✔✔ It reduces layers of management, improving communication and speeding up decision-
making.
How does resource allocation impact project management?
✔✔ Proper resource allocation ensures that projects have the necessary tools, people, and time to
succeed.
1
,What is the importance of risk assessment in project planning?
✔✔ It identifies potential risks and allows for the development of strategies to mitigate them.
How does the delegation of authority affect team effectiveness?
✔✔ It empowers team members, increasing their engagement and enabling managers to focus on
strategic tasks.
What role does corporate governance play in business operations?
✔✔ It ensures transparency, accountability, and ethical conduct within the organization.
How can managers foster a culture of innovation within their teams?
✔✔ By encouraging creativity, providing resources, and supporting experimentation with new
ideas.
What is the significance of stakeholder analysis in project management?
✔✔ It helps identify and address the needs and expectations of those impacted by the project.
How do performance metrics help in managing team performance?
2
, ✔✔ They provide measurable criteria to evaluate progress, identify issues, and guide
improvements.
What is the purpose of conducting a gap analysis in business strategy?
✔✔ To identify discrepancies between current performance and desired goals, and develop plans
to address them.
How can scenario planning benefit an organization?
✔✔ By preparing for various possible future scenarios, enabling better strategic responses to
uncertainties.
What is the role of conflict resolution in maintaining team cohesion?
✔✔ It addresses and resolves disagreements to prevent disruptions and maintain a collaborative
work environment.
How does continuous improvement contribute to organizational success?
✔✔ It involves regularly evaluating and enhancing processes to increase efficiency and
effectiveness.
3
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