Exam (elaborations)
GEB 4890 Exam 1 Questions with Correct Answer1.
- Course
- Institution
GEB 4890 Exam 1 Questions with Correct Answer1.
[Show more]
Content preview
GEB 4890 Exam 1 Questions with Correct Answers(Ch.1) What is proactive? Correct Answer-Planned decisions and actions
(Ch.1) What is reactive? Correct Answer-Responses to new
developments
(Ch.1)What is deliberate strategy? Correct Answer-Proactive parts
(Ch.1)What is emergent strategy? Correct Answer-adaptive responses to
newness
(Ch.1) What is realized strategy? Correct Answer-Deliberate + Emergent
(Ch.1) In crafting a company's strategy... Correct Answer-Management
need not to come up with sustainable competitive advantage that draws
in customers and produce a competitive edge over rivals
(Ch.2) Perhaps the most important benefit of a vivid, engaging and
convincing strategic vision is: Correct Answer-Uniting company
personnel behind managerial efforts to get the company moving in
intended direction
(Ch.3) Thinking strategy about the industry and competitive involves in-
depth analysis and evaluation of such considered as: Correct Answer-All
of the above (-strength of equilibrium forces driving change -market
, positions of rivals and relative strengths -critical factors influencing post
competitive success)
(Ch.4) Difference between resource and capability is: Correct Answer-A
resource is a productive input; A capability is capacity of firm to
perform some internal activity competency
(Ch.9) Business Ethics concerns: Correct Answer-The application of
general ethic principles to the action and decision of companies and
conduct of their personnel
(Ch.1) What is strategy? Correct Answer-Set of actions that its managers
take to outperform the company's competitors and achieve superior
profitability
(Ch.1) A Winning strategy must pass three tests: Correct Answer-1. The
Fit Test 2. The competitive advantage test 3. The Performance Test
(Ch.9) Define Business Ethics? Correct Answer-Deals with the
application of general ethical principles to the actions and decisions of
businesses and the conduct of their personnel
(Ch.9) What is Ethical Universalism? Correct Answer-most fundamental
conceptions of right and wrong are universal (good and bad)
(Ch.9) What is Ethical Relativism? Correct Answer-Holds that differing
religious beliefs, customs and behavioral norms across countries and
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 cracker. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
75391 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now