Exam (elaborations)
MGMT 486 - EXAM 1 2024
- Course
- Institution
MGMT 486 - EXAM 1 2024 WITH 100% CORRECT ANSWERS
[Show more]
Seller
Follow
DOCUFLASH
Reviews received
Content preview
MGMT 486 - EXAM 1 2024 WITH 100%CORRECT ANSWERS
Types of organizational assets/capital
[Easiest to most difficult to measure] - correct answer✔✔ Financial
Physical
Mental
Operational
Human
Examples of HR metrics - correct answer✔✔ Employee retention/turnover
Corporate morale
Employee satisfaction
Factors influencing an organization's investment orientation - correct answer✔✔ Management values
Attitude towards risk
Nature of employee skills
Utilitarianism
Availability of outsourcing
Common models of strategy - Industrial Organization (O/I) Model - correct answer✔✔ External
environment is primary determinant of organizational strategy rather than internal decisions of
managers
Common models of strategy - Resource-based View (RBV) Model - correct answer✔✔ Organization's
resources & capabilities should be basis for strategic decision (internal resources)
, Strategic management process - correct answer✔✔ a. Mission statement
b. Environmental analysis
c. Organizational self-assessment
d. Establishing goals & objectives
e. Setting strategy
f. Identifying assumptions
Corporate strategy - Growth - correct answer✔✔ Gain economies of scale in operations & functions
Enhance competitive position
Provide opportunities for employee professional development and advancement
Corporate strategy - Stability - correct answer✔✔ Maintain status quo due to limited environmental
opportunities for gaining competitive advantage
Few employees have opportunity for advancement
Identify key employees and develop specific HR retention strategies to keep them
Corporate strategy - Turnaround/Retrenchment - correct answer✔✔ Downsizing/streamlining
organization in cost-cutting attempt to adjust to competitive environment
Individual dimensions of diversity - correct answer✔✔ Personal - Residence, race, religion, gender,
sexual orientation, physical ability
Work-related - Motivation, personality, worth ethic, experience, attitudes, job responsibilities
Diversity - correct answer✔✔ Rich blend of organization & human characteristics, experiences, skills,
and traditions
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 DOCUFLASH. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
76449 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now