Porters 5 forces are - Study guides, Class notes & Summaries

Capstone exam 1 (short answer) and Questions Newly Updated 2024 Define a Strategy - CORRECT ANSWER-A company's strategy consists of competitive move and business approaches managers use to run a company. It is the managers "action plan" to grow the business, attract customers and become competitive in the market. How can a strategy be ethical? - CORRECT ANSWER-A company's strategy must entail actions that can pass moral scrutiny. It should not be shady, unconscionable, injuriou...

ISA 235 Final Exam Gowins Questions With Verified Answers Data - answerRaw facts that describe the characteristics of an event or object Structured Data - answerStored in traditional system such as a relational data base or spreadsheet Unstructured Data - answerNot defined and does not follow specific format Big Data - answerCollection of large, complex data sets including structured and unstructured data. Information - answerData converted into meaningful and useful context Business In...

CIPS Questions With Correct Answers 100% Tender Process - answerDetermine style of tender Prepare invitation -include info so all bidders understand the need and send a suitable bid Send ITT using suitable platform Receive bids - any bids after deadline date should be disregarded. Evaluate the bids. Check they meet the required expectations, disregard bids that are incomplete or bids that are not the correct standard. Evaluate the bids against the criteria and score. Use a cross functiona...

AIPMM - CPM PRACTICE EXAM QUESTIONS WITH 100% CORRECT ANSWERS 2024

Miami University ISA 235 Final Exam Questions With Verified Answers Internet of things - answerA world where interconnected, internet-enabled devices or "things" can collect and share data without human intervention. Value Chain: Primary Vs. Support - answerViews a firm as a series of business processes that each add value. Primary: The firm acquiring raw materials, manufacturing, delivering, marketing and selling. Support: Actual firm infrastructure such as HR, Management, Tech. Dept. ...

BUSM 1100 Final Exam Questions and Answers Graded A+ 5 categories of operations planning capacity, location, layout, quality, methods aspects of managing for quality planning starts before the product is designed; organizing when everyone from the CEO to the clerk works together; leading by inspire and motivating so workers accept quality ownership; controlling by monitor, establish standards and providing high quality goods to customers Brainpower Read More Previous Play ...

SEVI 3013 Strategic Management Questions and Answers Already Passed who you define as your competition also depends on your industry boundary What is an Industry? - Set of firms that produce similar products. - Industry boundaries can change rapidly, typically not always as result, off innovation. - industries not always well defined When you are examining your industry, be conscious of this. - Be willing to change your perception of industry and have multiple perceptions of your industry. te...

AIPMM - CPM Practice Exam Verified Questions And Answers 2023/2024 AIPMM - CPM Practice Exam Verified Questions And Answers 2023/2024

Business Strategy - ANSWER-a bundle of decisions and acts which a manager undertakes and which decides the result of the firms performance. Strategic management - ANSWER-Planning for both predictable and unlikely contingencies. Business plan - ANSWER-A step by step guide a business puts in writing to achieve it's busy goals and objectives. 5 primary elements of a business plan - ANSWER-vision, mission, critical success factors, strategies and actions for objectives and a prioritized im...

What does STEEPLED stand for? (External factors - macro environment) Sociological, technological, economic, environmental, political, legal, ethical, demographic How many employees does a micro business have? Less than 10 How many employees does a small business have? Less than 50 How many employees does a medium business have? 250 or fewer What are the support activities of porters value chain model? Firm infrastructure, human resource management, technology development and procurement Wha...