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MGT 499 Exam 2 Questions and Answers Already Passed $10.99   Add to cart

Exam (elaborations)

MGT 499 Exam 2 Questions and Answers Already Passed

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  • MGT 499

MGT 499 Exam 2 Questions and Answers Already Passed What is the benefit of developing a disruptive innovation strategy? It allows a company to redefine industry standards and create new market spaces. What does it mean to "future-proof" a business strategy? To develop plans that are adap...

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  • November 18, 2024
  • 26
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • MGT 499
  • MGT 499
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BrilliantScores
MGT 499 Exam 2 Questions and
Answers Already Passed
What is the benefit of developing a disruptive innovation strategy?


✔✔ It allows a company to redefine industry standards and create new market spaces.




What does it mean to "future-proof" a business strategy?


✔✔ To develop plans that are adaptable to emerging trends and unpredictable changes.




How can storytelling be used as a strategic tool in leadership?


✔✔ It engages and inspires stakeholders to align with the company’s vision.




What is the role of empathy in strategic customer relations?


✔✔ Understanding customer needs to build deeper loyalty and trust.




Why is psychological safety critical in innovative teams?


✔✔ It encourages risk-taking and creativity without fear of failure.




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,How does mindfulness impact strategic decision-making?


✔✔ It enhances focus and reduces biases, leading to more effective strategies.




Why might a company choose to embrace radical transparency?


✔✔ To build trust with consumers and differentiate from competitors in a crowded market.




What is the strategic advantage of building a decentralized organization?


✔✔ It empowers faster decision-making and increased adaptability at local levels.




How can design thinking reshape strategic problem-solving?


✔✔ By focusing on human-centered solutions that prioritize user experiences.




Why is it essential to have a "moonshot" mindset in strategic planning?


✔✔ To pursue ambitious goals that challenge the status quo and unlock new possibilities.




How does the concept of "failing forward" contribute to strategic innovation?


✔✔ It encourages learning from mistakes to refine and enhance future strategies.




2

, What is the strategic value of nurturing intrapreneurship within a company?


✔✔ It drives internal innovation and helps retain top talent by fostering creativity.




How can a company leverage the power of networks to gain a strategic edge?


✔✔ By building alliances that amplify influence and open up new market channels.




What does it mean to align corporate strategy with social impact?


✔✔ To ensure that business growth is achieved alongside positive societal contributions.




How can gamification be applied to strategy implementation?


✔✔ It motivates employees through engaging, reward-based challenges to achieve goals.




What is the advantage of "blue ocean" partnerships?


✔✔ They enable firms to co-create new value and tap into untapped markets.




What role does resilience play in strategic leadership?


✔✔ It helps leaders navigate crises and maintain direction in turbulent times.




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