Mie 480 exam 1 stuvia - Study guides, Class notes & Summaries

MIE 480 Exam 1 Questions & Answers 100% CorrectMIE 480 Exam 1 Questions & Answers 100% CorrectMIE 480 Exam 1 Questions & Answers 100% CorrectMIE 480 Exam 1 Questions & Answers 100% Correct Corporate Strategy - ANSWERSThe strategy involved in managing multiple business units under the same corporate banner Frederick Taylor - ANSWERSfather of the "science of work" time and motion studies that helped identify more efficient production processes and ideas about structure and hierarchy Long-...

MIE 480 Exam 1 Questions & Answers 100% CorrectMIE 480 Exam 1 Questions & Answers 100% CorrectMIE 480 Exam 1 Questions & Answers 100% Correct What is "Strategy"? - ANSWERSStrategy is a set of actions to achieve company objectives. It's a high-level plan on how to achieve objectives (often related to profitability). Company profitability is significantly determined by the: - ANSWERSIndustry structure; Firm competitive advantage (where we stand relative to other firms) Strategic choice: ...

Corporate Strategy - ANSWERSThe strategy involved in managing multiple business units under the same corporate banner Frederick Taylor - ANSWERSfather of the "science of work" time and motion studies that helped identify more efficient production processes and ideas about structure and hierarchy Long-range planning - ANSWERSa traditional approach to planning used before 1980 that often simply extrapolated into the future what the company had done well in the past Metrics - ANSWERSQual...

What is "Strategy"? - ANSWERSStrategy is a set of actions to achieve company objectives. It's a high-level plan on how to achieve objectives (often related to profitability). Company profitability is significantly determined by the: - ANSWERSIndustry structure; Firm competitive advantage (where we stand relative to other firms) Strategic choice: - ANSWERSA strategic choice has a basic structure - 1. Identify the objective or goal. 2. Formulate the alternatives. 3. Decide what consid...