Uark mgmt 2103 exam 1 Study guides, Class notes & Summaries

MGMT 2103 UARK Stevens Exam 1

MGMT 2103 UARK Exam 1 Sparks-Diebold

MGMT 2103 Exam 3 UARK Emily Corwin 100% Pass Formal Group Assigned by organizations/managers to accomplish specific goals Informal Group Members' overriding purpose for meeting is friendship or a common interest Organizational functions: - Generate new or creatives ideas/solutions - Coordinate interdepartmental efforts - Socialize/train newcomers Individual functions include: - Satisfy an individual's need for affiliation - Develop/enhance/confirm individual's self-esteem and sense of iden...

MGMT 2103 Exam 3 Uark Verified Questions And Answers With Complete Updates MGMT 2103 Exam 3 Uark Verified Questions And Answers With Complete Updates

Porter's Strategy Typology Correct Answer: competitive advantage results from creating value in one of 2 ways -low cost strategy -differentiation strategy Low Cost Strategy Correct Answer: create value by reducing cost and charging less than competitors (Walmart) Differentiation Strategy Correct Answer: create value by convincing the market that your product/service is different from competitors and charging a premium Core Capabilities Correct Answer: the strategic resources leve...