Globus Study guides, Class notes & Summaries

PESTEL model A framework that categorizes and analyzes an important set of external factors (political, economic, sociocultural, technological, ecological, and legal) that might impinge upon a firm. These factors can create both opportunities and threats for the firm. political factors process and actions of government bodies that can influence the decisions and behavior of firms economic factors largely macroeconomics, affecting economy-wide phenomena sociocultural facto...

Globus Test 3 100% Solved 2024 Corporate Strategy - Answer- the decisions that senior management makes and the goal-directed actions it takes to gain and sustain competitive advantage in several industries and markets simultaneously -vertical integration: industry value chain describes the transformation of raw materials into finished goods and services along distinct vertical changes -diversification: what range of products and services should the company offer? -geographic scope: where ...

Globus Test 1-100% Solved 2024 A term described as an integrative management field that combines analysis, formulation and implementations in the quest for competitive advantage. - Answer- Strategic Management Identify "Strategic commitments" as a formulated strategy and using policy - Answer- Strategic commitments are effective guiding policies such as sizable investment or changes o an organizations incentives and reward systems. These are big changes that can't be easily reversed. ...

The difference between a company's strategy and a company's business model is that - correct answer Its strategy is defined by the specific market positioning, competitive moves, and business approaches management employs to try to produce good business results while its business model relates to management's blueprint for delivering a valuable product or service to customers in a manner that will generate revenues sufficient to cover costs and yield an attractive profit. A winning strateg...

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GLOBUS TEST 1 QUESTIONS AND ANSWERS

Globus Test 3 100% Solved 2024 Corporate Strategy - Answer- the decisions that senior management makes and the goal-directed actions it takes to gain and sustain competitive advantage in several industries and markets simultaneously -vertical integration: industry value chain describes the transformation of raw materials into finished goods and services along distinct vertical changes -diversification: what range of products and services should the company offer? -geographic scope: where ...

Globus Test 1-100% Solved 2024 A term described as an integrative management field that combines analysis, formulation and implementations in the quest for competitive advantage. - Answer- Strategic Management Identify "Strategic commitments" as a formulated strategy and using policy - Answer- Strategic commitments are effective guiding policies such as sizable investment or changes o an organizations incentives and reward systems. These are big changes that can't be easily reversed. ...

strategic management - correct answer integrative management field that combines analysis, formulation, and implementation in the quest for competitive advantage strategy - correct answer the set of goal-directed actions a firm takes to gain and sustain superior performance relative to competitors good strategy - correct answer enable a firm to achieve superior performance relative to its competitors. Consisted of 1) a diagnosis of the competitive challenge. 2) a guiding policy t...