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Exam (elaborations)

MGT 499 Chapter 12(with Errorless answers)

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  • Module
  • MGT 499
  • Institution
  • MGT 499

strategic leadership correct answers the ability to anticipate, envision, maintain flexibility, and empower others to create strategic change as necessary strategic change correct answers change brought about as a result of selecting and implementing a firm's strategies transformational leade...

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  • January 7, 2025
  • 3
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • MGT 499
  • MGT 499
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MGT 499 Chapter 12(with Errorless answers)
strategic leadership correct answers the ability to anticipate, envision, maintain flexibility, and empower
others to create strategic change as necessary


strategic change correct answers change brought about as a result of selecting and implementing a firm's
strategies


transformational leadership correct answers motivating followers to exceed the expectations others have
of them, to continuously enrich their capabilities, and to place the interests of the organization above their
own


top management team correct answers composed of the individuals who are responsible for making
certain the firm uses the strategic management process, especially for the purpose of selecting and
implementing strategies


heterogeneous top management team correct answers composed of individuals with different functional
backgrounds, experience, and education


internal managerial labor market correct answers consists of a firm's opportunities for managerial
positions and the qualified employees within that firm


external managerial labor market correct answers the collection of managerial career opportunities and
the qualified people who are external to the organization in which the opportunities exist


determining strategic direction correct answers involves specifying the vision and the strategy or
strategies to achieve this vision over time


core competencies correct answers capabilities that serve as a source of competitive advantage for a firm
over its rivals


human capital correct answers the knowledge and skills of a firm's entire workforce


social capital correct answers relationships inside and outside the firm that help in efforts to accomplish
tasks and create value for stakeholders

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