Exam (elaborations)
BPL 5100 CH 1 EXAM WITH CORRECT ANSWERS
- Course
- Institution
BPL 5100 CH 1 EXAM WITH CORRECT ANSWERS
[Show more]
Content preview
BPL 5100 CH 1 EXAM WITH CORRECTANSWERS
romantic view of leadership - Answer -situations in which the leader is the key force
determining the organization's success — or lack thereof.
external control view of leadership - Answer -situations in which external forces—where
the leader has limited influence—determine the organization's success.
strategic management - Answer -the analyses, decisions, and actions an organization
undertakes in order to create and sustain competitive advantages.
strategy - Answer -the ideas, decisions, and actions that enable a firm to succeed.
competitive advantage - Answer -a firm's resources and capabilities that enable it to
overcome the competitive forces in its industry(ies).
operational effectiveness - Answer -performing similar activities better than rivals.
stakeholders - Answer -individuals, groups, and organizations that have a stake in the
success of the organization. These include owners (shareholders in a publicly held
corporation), employees, customers, suppliers, and the community at large.
effectiveness - Answer -tailoring actions to the needs of an organization rather than
wasting effort, or "doing the right thing."
efficiency - Answer -performing actions at a low cost relative to a benchmark, or "doing
things right."
ambidexterity - Answer -the challenge managers face of both aligning resources to take
advantage of existing product markets and proactively exploring new opportunities.
intended strategy - Answer -strategy in which organizational decisions are determined
only by analysis.
realized strategy - Answer -strategy in which organizational decisions are determined by
both analysis and unforeseen environmental developments, unanticipated resource
constraints, and/or changes in managerial preferences.
strategy analysis - Answer -study of firms' external and internal environments, and their
fit with organizational vision and goals.
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 millyphilip. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $7.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
80364 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now