Busi 490 capstone Study guides, Class notes & Summaries
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BUSI 490 CAPSTONE FINAL EXAM correctly answered//passed
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BUSI 490 CAPSTONE FINAL EXAM 
ANNUAL OBJECTIVES - correct answer Short-term milestones, usually one year, that organizations must achieve to reach long-term targets/goals. 
 
COMPETITIVE ADVANTAGE - correct answer Anything a firm does especially well, compared to rival firms. For example, when a firm can do something that rival firms cannot do, or owns something that rival firms desire, that can represent a competitive advantage. 
 
EMPOWERMENT - correct answer The act of strengthening employees...
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BUSI 490 Capstone questions with 100% correct answers
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BUSI 490 CapstoneAnnual objectives (p. 11) - correct answer Short-term milestones, usually one year, that organizations must achieve to reach long-term targets/goals. 
 
Competitive advantage (p. 8) - correct answer Anything a firm does especially well, compared to rival firms. For example, when a firm can do something that rival firms cannot do, or owns something that rival firms desire, that can represent a competitive advantage. 
 
Empowerment (p. 15) - correct answer The act of strengthening...
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BUSI 490: Capstone Liberty University questions well answered graded A+
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BUSI 490: Capstone Liberty UniversityStrategic Management - correct answer The art and science of formulating, implementing, and evaluating cross-functional decisions that enable an organization to achieve its objectives 
 
strategy formulation - correct answer -developing a vision and mission 
-identifying an organization's external opportunities and threats 
-determining internal strengths and weaknesses 
-establishing long-term objectives 
-generating alternative strategies 
-choosing partic...
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BUSI 490: Capstone Exam with correct answers
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BUSI 490: Capstone Exammission statement - correct answer a company's "reason for being" 
 
vision statement - correct answer FIRST step in strategic planning, answers the question "What do we want to become?" 
 
environmental scanning - correct answer the process of conducting research and gathering/assimilating external info 
 
David's 9 for mission statement - correct answer customers 
products/services 
markets (geographically) 
technology 
survival, growth, profitability 
philosophy 
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