Bpl 5100 quiz 1 - Study guides, Class notes & Summaries

BPL 5100 Quiz 2 Questions with Correct Answers What is a simple structure? - Answer-- used for very small businesses -single/narrow product line ~ owner-manager makes most of the decisions -highly informal, owner involved in everything, heavy supervision What are the pros of a simple structure? - Answer-1. decisions made qucikly 2. owner is aware of everything 3. owner can make decisions that's best for the business overall What two questions does corporate strategy answ...

BPL 5100 - QUIZ 1[ANSWERED] 2024 what is strategic management? - the analyses, decisions, and actions an organization undertakes in order to create and sustain *competitive advantages* elaboarate: analyses, decisions and acitons taken during stratregic management - analyses: analyzing the strategic goals (vision, mission) decisions: what industries should we compete in? how should we compete in those industries? actions: implementing their strategies what are the attributes of strategic ...

BPL 5100 QUIZ 2 >> QUESTIONS AND ANSWERS LATEST | 2024 To create a competitive edge companies need to focus on ________________ - customers' evolving wants and needs Porter's three generic strategies: - 1. Overall Cost Leadership 2. Differentiation 3. Focus Differentiation is perceived from the____________ - client/customer Differentiated goods are the opposite of__________ - luxury goods Luxury goods are only for__________. Differentiated goods are marketed to ____________ - a n...

BPL 5100 Quiz 2 Exam Questions Marking Scheme Current Update How to overcome the five forces and achieve competitive advantage? - Answer -Porter's three generic strategies Porter's Three generic strategies - Answer -1. Overall Cost Leadership 2. Differentiation 3. Focus Overall Cost leadership involes - Answer -- aggressive construction of efficient scale facilities - vigorous pursuit of cost reductions from experience - tight cost and overhead control - avoidance of margina...

BPL 5100 - Quiz 1 questions with correct solution what is strategic management? -Correct Answer-the analyses, decisions, and actions an organization undertakes in order to create and sustain *competitive advantages* elaboarate: analyses, decisions and acitons taken during stratregic management -Correct Answer-analyses: analyzing the strategic goals (vision, mission) decisions: what industries should we compete in? how should we compete in those industries? actions: implementing their s...

BPL 5100 - Quiz 1 what is strategic management? - Answer- the analyses, decisions, and actions an organization undertakes in order to create and sustain *competitive advantages* elaboarate: analyses, decisions and acitons taken during stratregic management - Answer- analyses: analyzing the strategic goals (vision, mission) decisions: what industries should we compete in? how should we compete in those industries? actions: implementing their strategies what are the attributes of st...

BPL 5100 QUIZ 2 To create a competitive edge companies need to focus on ________________ - Answer- customers' evolving wants and needs Porter's three generic strategies: - Answer- 1. Overall Cost Leadership 2. Differentiation 3. Focus Differentiation is perceived from the____________ - Answer- client/customer Differentiated goods are the opposite of__________ - Answer- luxury goods Luxury goods are only for__________. Differentiated goods are marketed to ____________ - Answer-...

BPL 5100 - Quiz 2 what 3 activities should be considered when creating strategic leadership? - Answer- 1. Setting a direction 2. designing the orginization 3. nuriting a culture decided to excellence/ethics high performing organizations direclty link leadership strategy to oragnzational strategy (T/F) - Answer- T what are the 2 roles of corporate strcuture? - Answer- 1. differentiation 2. integration explain: differentiation - Answer- creating distinct tasks among invidua...