Mgmt344 test - Study guides, Class notes & Summaries

MGMT344 TEST QUESTIONS AND ANSWERS ALL CORRECT Performance comparisons - Answer- - trends over time - company and internal targets - comparison with competitors Criticisms on evironment-led perspective approach - Answer- - leads to predictable strategies - competitive environment changes rapidly VRIO analysis - Answer- Value, Rarity, Inimitability, Organization VIRO - Value - Answer- Asks whether a resource or capability adds value to the company. If it increases revenue/reduces ...

MGMT344 TEST QUESTIONS WITH CORRECT ANSWERS Simple Control system - Answer- 1. Mission 2. Objectives 3. Strategies 4. Implementation 5. Evaluation 6. Remedial action Controls and incentives include - Answer- - Direct supervision - Operating & capital expenditure budgets - Targets and pressures The balanced scorecard - Answer- combines strategic control and evaluation of performance to move from a short term view to a long term strategic one. it uses financial, customer, internal...