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Globus Exam 1 Questions with 100% Correct Answers | Updated & Verified 2024/2025
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Globus Exam 1 Questions with 100% Correct Answers | Updated & Verified 2024/2025
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Globus Exam 1Strategic management - ANSintegrative control subject that mixes analysis, formulation, and
implementation in the quest for aggressive gain
strategy - ANSthe set of aim-directed actions a company takes to gain and maintain superior
overall performance relative to competitors
appropriate approach - ANSenable a firm to reap superior overall performance relative to its
competitors. Consisted of
1) a diagnosis of the competitive mission.
2) a guiding policy to address the aggressive undertaking.
Three) a fixed of coherent movements to put into effect a firm's guiding coverage
aggressive advantage - ANSsuperior overall performance relative to other competitors in the
equal enterprise or the enterprise common
sustainable competitive gain - ANSoutperforming competitors or the enterprise common over a
prolonged time frame
competitive disadvantage - ANSunder overall performance relative to other competitors inside
the identical industry or the enterprise average
competitive parity - ANSperformance of two or greater corporations at the identical level
vision - ANSa assertion approximately what an agency ultimately wants to accomplish; captures
the business enterprise's aspirations
undertaking - ANSDescription of what an enterprise without a doubt does—the goods and
offerings it plans to offer, and the markets wherein it's going to compete.
Middle values statement - ANSstatement of principles to manual an corporation because it
works to attain its imaginative and prescient and satisfy its venture, for each internal conduct
and external interactions; it regularly consists of specific ethical concerns
organizational core values - ANSethical requirements and norms that govern the conduct of
people inside a company or agency
Product-Oriented Vision Statements - ANSdefines a commercial enterprise in terms of an
excellent or carrier supplied
, purchaser orientated vision assertion - ANSdefines a enterprise in phrases of providing
solutions to consumer needs
AFI approach framework - ANSA version that hyperlinks 3 interdependent strategic control
obligations—examine, formulate, and put into effect—that, together, assist managers plan and
enforce a strategy which can enhance overall performance and result in aggressive benefit.
1) explains and predicts variations in firm overall performance
2)allows managers formulate and enforce a strategy which could bring about advanced
performance
Strategic Leadership - ANSexecutives' use of electricity and have an impact on to direct the
activities of others when pursuing an organisation's goals
upper-echelons principle - ANSA conceptual framework that views organizational
results—strategic selections and performance ranges—as reflections of the values of the
participants of the top management team.
Method system - ANSconcerns the choice of approach in terms of wherein and a way to
compete
strategy implementation - ANSconcerns the enterprise, coordination, and integration of the way
work gets done
Corporate Strategy - ANSconcerns questions regarding wherein to compete in phrases of
enterprise, markets, and geography
Business Strategy - ANSconcerns the question of how to compete. Three ordinary commercial
enterprise techniques are available: cost management, differentiation, or fee innovation.
Funtional Strategy - ANSconcerns the query of how to enforce a delegated business strategy
Leadership Pyramid - ANSA conceptual framework of management progression with 5
awesome, sequential tiers.
1) quite succesful character: makes effective contributions via motivation, skills, understanding,
and competencies
2) contributing team contributors: makes use of excessive level of capability to work successfully
with others in order to reap group goals
3) in a position manager: is green and effective in organizing sources to perform said dreams
and goals. Does things right
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