Evaluating business ideas - Study guides, Study notes & Summaries

Characteristics of good information - ️️Accurate, complete, economical, flexible, reliable, relevant, simple, timely, verifiable. Data - ️️Raw facts Information - ️️The meaningful interpretation of data that enables us to make decisions. What makes data = information? - ️️It's usefulness! System - ️️An organized collection of interrelated parts that work together to achieve a common purpose. What do systems have? - ️️Inputs, procession mechanism, outputs, feed...

Business Research Methods Final applied business research - correct answer-Research conducted to address a specific business decision for a specific firm or organization. basic business research - correct answer-Research conducted without a specific decision in mind that usually does not address the needs of a specific organization. It attempts to expand the limits of knowledge in general and is not aimed at solving a particular pragmatic problem. business research - correct answer-The ap...

What does the strategy making, strategy executing process entail? - ️️1. developing a strategic vision that charts the company's long term direction, a mission statement that describes the company's purpose, and a set of core values to guide the pursuit of the vision and mission 2. setting objectives for measuring the company's performance and tracking its progress in moving in the intended long term direction 3. crafting a strategy for advancing the company along the path managemen...

Test Bank for Microeconomics, 3rd Canadian Edition 3ce by Glenn Hubbard, Anthony Patrick OBrien. Full Chapters test bank included 1 Economics: Foundations and Models Economics in Your Life and Career: How Much Will You Pay for a Cup of Coffee? Three Key Economic Ideas People Are Rational People Respond to Incentives Apply the Concept: Does Canada’s Health Care System Contribute to Obesity? Optimal Decisions Are Made at the Margin Solved Problem: 1.1 Binge Watching and Decisions at...

Study Guide for Innovative and Strategic Thinking - D081 Questions and Answers "Top-Down" Approach - CORRECT ANSWER-Management approach in which upper management or company executives make decisions and disseminate them to lower levels of the organizational hierarchy. Adhocracy Culture - CORRECT ANSWER-Type of externally focused, flexible organizational culture. Agile - CORRECT ANSWER-Project management approach, originally used for software development, characterized by quick, iterative cy...

What does the strategy making, strategy executing process entail? - ️️1. developing a strategic vision that charts the company's long term direction, a mission statement that describes the company's purpose, and a set of core values to guide the pursuit of the vision and mission 2. setting objectives for measuring the company's performance and tracking its progress in moving in the intended long term direction 3. crafting a strategy for advancing the company along the path managemen...

Breakthrough - CORRECT ANSWER-The development of an entirely new product or process. Business Analysis - CORRECT ANSWER-Use of data about the internal and external business environment to identify business needs and objectives. Business Model - CORRECT ANSWER-A company's plan for creating value, including the types of products and services it will offer to earn revenue. Cost-Benefit Analysis (CBA) - CORRECT ANSWER-Evaluation of the total cost of ownership of a solution compared to the expect...

Crafting and Executing Strategy, 22e (Thompson) Chapter 2 Charting a Company's Direction 1) The five basic tasks of the strategy-making, strategy-executing process DO NOT include A) developing a strategic vision of where the company needs to head and what its future business makeup will be. B) strategic management to convert the strategic vision into specific strategic and financial performance outcomes for the company to achieve. C) crafting a strategy to achieve the objectives and get ...

Crafting and Executing Strategy, 22e (Thompson) Chapter 2 Charting a Company's Direction 1) The five basic tasks of the strategy-making, strategy-executing process DO NOT include A) developing a strategic vision of where the company needs to head and what its future business makeup will be. B) strategic management to convert the strategic vision into specific strategic and financial performance outcomes for the company to achieve. C) crafting a strategy to achieve the objectives and get ...

WGU C201 Business Acumen Chapter 11, 12, 13: Marketing Marketing - correct answer The process for discovering unmet customer needs, researching potential markets, producing goods or services to satisfy targeted customers, promoting, pricing, and distributing. The organizational function and set of processes for creating, communicating and delivering value to customers, managing customer relations, advocates ideas or viewpoints and educating others. How does marketing create utility? - cor...