Cob 487 - Study guides, Class notes & Summaries

In large organizations, conflicts can arise between functional areas. In order to resolve these conflicts, strategic objectives correct answers help resolve conflicts through their common purpose Strategy formulation at the business level addresses best how to compete in a given business correct answers to attain competitive advantage The final realized strategy of a firm is a combination of deliberate and time-tested strategies only. correct answers False The text addresses two perspec...

COB 487 - EXAM 1 CHAPTER QUIZZES (4-6), Questions and answers, graded A+ According to the resource-based view of the firm, competitive advantages are ________ for competitors to copy, if they are based on unique bundles of resources. A. easier B. faster C. harder D. more reliable - -C. harder Which of the following is an IP-heavy industry? A. contract manufacturing B. telecommunications C. automobile sales D. retailing - -B. telecommunications Human capital includes A. the output...

What is a normative argument? correct answers It is about what ought to be done according to a someone's value position. Stakeholders interests are... correct answers Joint Who are typically considered primary stakeholders? correct answers Employees, customers, suppliers, communities, and shareholders. Who originally developed stakeholder theory? correct answers Ed Freeman According to stakeholder theory, how can trade-offs be resolved? correct answers By leveraging imagination/crea...

Firm mission statements should be _______ and __________ correct answers understandable and different Capital structure of the firm correct answers is the split between debt and equity in the firm Stock price correct answers the prediction of what people think the future earnings of the company will be Backdating correct answers -A way of changing the options for management, by dating back to a previous stock price to give management more time - since the stock price of the frim is ti...

Define Industry correct answers group of producers of close substitutes Define Strategic Planning correct answers attempt to systematically examine the internal abilities of an organization and its external environment. Define SWOT correct answers Strengths, Weaknesses, Opportunities & Threats Regarding strategic planning, what does the question, "what do you want to accomplish?" relate to? correct answers missions & goals Regarding strategic planning, what does the question, "wha...

The Strategic Management Process correct answers 1) mission 2) objectives 3) external analysis/internal analysis 4) strategic choice 4a) Business level strategy = how to position a business in the market 4b) corporate level strategy = which businesses to enter 5) strategy implementation 6) competitive advantage Business Level Strategies correct answers Two Generic Business Level Strategies Cost Leadership = • generate economic value by having lower costs than competitors Produ...

Romantic view of leadership correct answers assumption that the leader is the key force in determining success or failure in an organization -Stock price and overall public faith in the company will be directly affected by the leader's presents and involvement in the firm External control view of leadership correct answers assumption that external forces have the primary influence over a firms success -Economic downturns, new technologies, legislation, and outbreaks of war can most affect ...

Mode of Entry correct answers -strategic alliance -mergers and acquisitions strategic alliance correct answers Any cooperative effort between two or more independent organizations to develop, manufacture, or sell products or services Motivation for Alliances correct answers -Create economic value by: - An alliance is an organizational form of exchange -Implication create economic value by correct answers -Accessing complementary resources and capabilities -Leveraging existing resou...

COB 487 - Final Exam 2023 Actual Questions and Answers 100% Verified To build a strong human capital in a today's knowledge economy, its important to... attract, develop, and retain employees _____________ relationships are where one member is central to the communication flows in a group, and ___________ relationships are where one person brings together groups that would have otherwise been unconnected. closure; bridging Dynamic capabilities include all of the following except... beco...

COB 487 - Final Exam 2023 Actual Questions and Answers 100% Verified To build a strong human capital in a today's knowledge economy, its important to... attract, develop, and retain employees _____________ relationships are where one member is central to the communication flows in a group, and ___________ relationships are where one person brings together groups that would have otherwise been unconnected. closure; bridging Dynamic capabilities include all of the following except... beco...