MAN 320F Exam 2 Questions and Answers Already Passed
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Course
MAN 320F
Institution
MAN 320F
MAN 320F Exam 2 Questions and
Answers Already Passed
How does “continuous improvement” influence business processes?
Continuous improvement focuses on incremental changes to enhance efficiency and
effectiveness over time.
What is “strategic alignment” and why is it essential?
St...
MAN 320F Exam 2 Questions and
Answers Already Passed
How does “continuous improvement” influence business processes?
✔✔ Continuous improvement focuses on incremental changes to enhance efficiency and
effectiveness over time.
What is “strategic alignment” and why is it essential?
✔✔ Strategic alignment ensures that all organizational activities and resources are directed
towards achieving the company's strategic goals.
What does “organizational agility” refer to in a dynamic business environment?
✔✔ Organizational agility is the ability to quickly adapt to changes and new challenges,
maintaining competitiveness and relevance.
How does “leadership development” contribute to organizational growth?
✔✔ Leadership development programs enhance the skills of current and future leaders, fostering
better decision-making and strategic thinking.
1
,What role does “stakeholder analysis” play in project management?
✔✔ Stakeholder analysis identifies and understands the needs and expectations of all parties
involved, helping to manage their influence and support.
How can “process reengineering” lead to significant operational improvements?
✔✔ Process reengineering involves redesigning workflows and processes from scratch to
achieve dramatic improvements in efficiency and quality.
What is “cultural competency” and why is it important in global management?
✔✔ Cultural competency involves understanding and respecting different cultural norms and
practices, crucial for effective management in a global context.
How does “resource leveling” help in project scheduling?
✔✔ Resource leveling balances the demand for resources with their availability, ensuring that
project timelines are realistic and achievable.
What is the significance of “risk assessment” in strategic planning?
✔✔ Risk assessment identifies potential risks to a strategy and evaluates their impact, allowing
for the development of mitigation plans.
2
, How does “customer-centric management” improve business outcomes?
✔✔ Customer-centric management focuses on understanding and meeting the needs of
customers, leading to increased satisfaction and loyalty.
How does “data analytics” support decision-making in management?
✔✔ Data analytics provides insights from data, allowing managers to make evidence-based
decisions and identify trends and patterns.
What is “value chain analysis” and how can it be used to gain a competitive edge?
✔✔ Value chain analysis examines the activities within an organization to identify areas where
value is added, helping to enhance efficiency and differentiation.
What is the role of “scenario analysis” in risk management?
✔✔ Scenario analysis evaluates different potential future scenarios to prepare and strategize for
various possible risks and uncertainties.
How does “team dynamics” influence project success?
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