Cob 487 exam 1 Study guides, Class notes & Summaries

COB 487 EXAM 1 QUESTIONS AND ANSWERS ALREADY PASSED What is a normative argument? It is about what ought to be done according to a someone's value position. Stakeholders interests are... Joint Who are typically considered primary stakeholders? Employees, customers, suppliers, communities, and shareholders. Who originally developed stakeholder theory? Ed Freeman According to stakeholder theory, how can trade-offs be resolved? By leveraging imagination/creativity. What is an instrumental vie...

What is Strategic Management? correct answers examines how actions and events involving top executives, firms, and industries influence a firm's success or failure. - mastering strategy is therefore part art and part science Defining Strategy: The Five Ps described by Henry Mintzberg correct answers It can be viewed as a: - plan - ploy - position - pattern - perspective Plan correct answers a carefully crafted set of steps that a firm intends to follow in order to be successful - s...

What is Strategic Management? correct answers examines how actions and events involving top executives, firms, and industries influence a firm's success or failure. - mastering strategy is therefore part art and part science Defining Strategy: The Five Ps described by Henry Mintzberg correct answers It can be viewed as a: - plan - ploy - position - pattern - perspective Plan correct answers a carefully crafted set of steps that a firm intends to follow in order to be successful - s...

COB 487 Exam 1 Questions with Correct Answers What is a normative argument? - Answer-It is about what ought to be done according to a someone's value position. Stakeholders interests are... - Answer-Joint Who are typically considered primary stakeholders? - Answer-Employees, customers, suppliers, communities, and shareholders. Who originally developed stakeholder theory? - Answer-Ed Freeman According to stakeholder theory, how can trade-offs be resolved? - Answer-By leveraging ima...

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COB 487 Exam 1: Review Questions and answers, graded A+ What is Strategic Management? - -examines how actions and events involving top executives, firms, and industries influence a firm's success or failure. - mastering strategy is therefore part art and part science Defining Strategy: The Five Ps described by Henry Mintzberg - -It can be viewed as a: - plan - ploy - position - pattern - perspective Plan - -a carefully crafted set of steps that a firm intends to follow in order to ...

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

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...

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...

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 ...