Mba 705 - Study guides, Class notes & Summaries

MBA 705 CH 8&9 Graded A+ Capital-Labor Substitution ️An organization's ability to substitute labor for capital or vice versa as production increases. Experience Curve ️The reduction in per-unit costs that occur as an organization gains experience producing a product or service. It's based on three underlying concepts: (1) learning, (2) economies of scale, and (3) capital-labor substitution possibilities Functional Strategies ️The strategies pursued by each functional area of ...

MBA 705 - Chapter 1 – Wyatt Questions and Answers CEO duality - Correct Answer ️️ -A situation in which the CEO also serves as the chair of the board Comparative Advantage: - Correct Answer ️️ -The idea that certain products may be produced more cheaply or at a higher quality in particular countries due to advantages in labor costs or technology. Competitive Advantage - Correct Answer ️️ -A state whereby a business unit's successful strategies cannot be easily duplicated b...

MBA 705 CH1 Questions and Answers True - Correct Answer ️️ -True or False: Strategy refers primarily to activities at the top level of the organization False - Correct Answer ️️ -True or false: Managers who are too busy to engage in strategic planning should wait until they have more free time in their schedules comparative advantage - Correct Answer ️️ -idea that certain products may be produced more cheaply or at a higher quality in particular countries due to advantages in ...

Brand Manager: - ANSWER-The project manager in P&G's version of the matrix structure. Centralization: - ANSWER-An organizational decision-making approach with most strategic and operating decisions made by managers at the top of the organization structure (at corporate headquarters). Corporate Restructuring: - ANSWER-A change in the organization's structure to improve efficiency and firm performance, including such activities as realigning divisions in the firm, reducing the amount of c...

MBA 705 CH 2&3 Verified Answers False T/F external environment analysis includes an examination of industry forces False T/F External environment analysis should first occure from the perspective oft he organization True T/F Firms operating in mulitple distinct markets may be affected in different ways by macroenvironment forces in each market false T/F Macroenviroment forces are assessed in terms of their direct effects on a particular firm False T/F Economic forces include such fac...

MBA 705 FINAL strategy implementation 2 key points - consider plan for implementation before adopting strategic alt - greater the strategic change, the more complex the implementation organizational structure formal means by which work is coordinated in an organization structure exists to provide control and coordinate for the org simple structure in a new business, each employee often performs multiple tasks and owner/ manager is involved in all aspects of bus vertical growth The inc...

Capital-Labor Substitution: - ANSWER-An organization's ability to substitute labor for capital or vice versa as production increases. Experience Curve: - ANSWER-increases. Experience Curve: The reduction in per-unit costs that occur as an organization gains experience producing a product or service. Functional Strategies: - ANSWER-The strategies pursued by each functional area of a business unit, such as marketing, finance, or production. Human Capital: - ANSWER-The sum of the capabiliti...

MBA 705 - Module 2 Questions and Answers industry - Correct Answer ️️ -a group of companies that produce competing products or services critical success factors (csf) - Correct Answer ️️ -elements of the strategy that promote (but do not guarantee) success within a given industry; often shared by rivals primary industry - Correct Answer ️️ -consists of a firm's most direct competitors secondary industry - Correct Answer ️️ -consists of a firm's less direct rivals Outside...

MBA 705 MINSUN KIM EXAM 4 QUESTIONS AND ANSWERS 2024

MBA 705 - Exam 1 Already Graded A+ Mission ️is a broadly defined but enduring statement of purpose that identifies the scope of an organization's operations and its offerings to the various stakeholders Strategy ️refers to top management's plans to develop and sustain competitive advantage so that the organization's mission is fulfilled. Competitive advantage ️is a state whereby a firm's successful strategies cannot be easily duplicated by its competitors. Maintaining a sus...