Uark mgmt 2103 exam 1 - Study guides, Class notes & Summaries

MGMT 2103 UARK Exam 1 Sparks-Diebold

UARK MPO MGMT 2103 Exam 1 Questions and Complete Solutions Strategy - Ans: business plan to create value in particular market Value Creation - Ans: revenue exceeds cost Low Cost Strategy - Ans: create value by reducing costs Differentiation Strategy - Ans: create value convincing market your p or s is different than everyone else's Resource base view of Competitive Strategy - Ans: use firm controlled resources as competitive advantage Characteristics of core competitive advant...

MGMT 2103 Exam 3 UARK Emily Corwin 100% Pass Formal Group Assigned by organizations/managers to accomplish specific goals Informal Group Members' overriding purpose for meeting is friendship or a common interest Organizational functions: - Generate new or creatives ideas/solutions - Coordinate interdepartmental efforts - Socialize/train newcomers Individual functions include: - Satisfy an individual's need for affiliation - Develop/enhance/confirm individual's self-esteem and sense of iden...

MGMT 2103 Exam 3 Uark Verified Questions And Answers With Complete Updates MGMT 2103 Exam 3 Uark Verified Questions And Answers With Complete Updates

MGMT 2103 UARK Final Exam Questions and Answers 100% Correct Performance Appraisals - Answers Definition- Job performance of an employee is documented and evaluated Organization gets information on how well an employee is doing on the job. Performance appraisals are key to evaluating how employees are doing in an organization. List and describe the four types of workers identified by the human capital architecture model - Answers Strategic knowledge: unique skills directly linked to the co...

Porter's Strategy Typology Correct Answer: competitive advantage results from creating value in one of 2 ways -low cost strategy -differentiation strategy Low Cost Strategy Correct Answer: create value by reducing cost and charging less than competitors (Walmart) Differentiation Strategy Correct Answer: create value by convincing the market that your product/service is different from competitors and charging a premium Core Capabilities Correct Answer: the strategic resources leve...