Technological trends - Study guides, Class notes & Summaries

environmental forecasting - ANSWERSthe development of plausible projections about the direction, scope, speed, and intensity of environmental change 1. environmental scanning 2. environmental monitoring 3. competitive intelligence - ANSWERSWhat are the 3 inputs to forecasts? environmental scanning - ANSWERSsurveillance of a firm's external environment to predict environmental changes and detect changes already under way environmental monitoring - ANSWERSa firm's analysis of the ...

Crafting and Executing Strategy, 22e (Thompson) Chapter 3 Evaluating a Company's External Environment 1) The strategically relevant factors outside a company's industry boundaries—economic conditions, political factors, sociocultural forces, technological factors, environmental factors, and legal/regulatory conditions—are known as A) the industry and the competitive arena in which the company operates. B) general economic conditions plus the factors driving change in the markets where ...

MIE 201 Test #1 – Makanui Exam Questions and Answers Environments of Business - Correct Answer ️️ -- economic - market - technological - social - legal and regulatory market environment - Correct Answer ️️ -- a company's target customers, the buying influences that shape the behavior of those customers, and competitors that market similar products to those customers economic environment - Correct Answer ️️ -- conditions and forces that affect the cost and availability o...

Forces stimulating change in the demand for healthcare correct answers -Demographics -Social and economic trends -Health workforce trends (replacement of nursing staff with medical assistants because it saves cost for the hospital) -Technology (telehealth) Current demographic trends correct answers Aging baby boomer generation -77 million babies between 1946 and 1963 -Expected to live on average 83 years of age, with many surviving into their 90s -Cost of Medicare expected to rise astro...

BUSI 400/690 Liberty University Exam Questions And Answers 100% Verified Feng Shui - answerThe practice of harnessing natural forces Global Strategy - answerIncludes designing, producing, and marketing products with global needs in mind, instead of considering individual countries alone. Globalization - answerProcess of doing business worldwide, so strategic decisions are made based on global profitability of the firm rather than just domestic considerations. Guanxi - answerChina. Persona...

Macroenvironmental forces affect? Ans: Industries and individual firms within industries What are social forces? Ans: societal values, trends, traditions, religious practices, concern for the environment social trends in the U.S Ans: declining birth rate, aging population, more diverse society, emphasis on convenience, increased preference for online shopping, use of social media. do firms operating in multiple countries need to address multiple sets of social forces? Ans: yes what are...

General environment correct answers factors external to an industry, and usually beyond a firm's control, that affect a firm's strategy. Demographic segment of the general environment correct answers genetic and observable characteristics of a population, including the levels and growth of age, density, sex, race, ethnicity, education, geographic region, and income. Sociocultural segment of the general environment correct answers the values, beliefs, and lifestyles of a society. These fo...

WPC 480 Exam 1 Latest Update Graded A+ Strategy An integrated set of goal-directed actions a firm takes to gain and sustain competitive advantages. Vision What do we want to accomplish? Mission How do we accomplish our goals? And what do we do to accomplish our goals? Stakeholders organizations, groups, and individuals. They can affect or are affected by a firm's actions. Competitive Advantage superior performance relative to other competitors in the same industry or the in...

MAN 3302 FINAL EXAM QUESTIONS AND ANSWERS 100% PASS At which level of training needs analysis is a single job description typically consulted? Task level At which level of training needs analysis is a mission statement typically consulted? Organizational level At which level of training needs analysis is a single performance appraisal typically consulted? individual level All of the following would be appropriate to use when determining performance standards except employee perf...

Primary marketing research technique that explores the impact of one or more factors, such as the comparison of two marketing campaigns :~~ experimental research Automatic, low-involvement purchase decision process based on limited information or information gathered in the past :~~ routine problem-solving Identify the SWOT in this situation: New government policies will help the company in the future :~~ external opportunity Personal Selling is the personal aspect of the Promotio...