Question 1 Which one of the following is not a major concern of strategic management? The marketing mix Question 2 Why is it important that objectives are measurable? Controlling strategy implementation and evaluating the outcomes of a strategy depend on being able to measure organisational performance against targets. Question 3 Achieving sustainable competitive advantage is an overriding objective of strategy in the not-for-profit sector. False Question 4 Corporate governance is concerned
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discussed strategic? At what level in the organization was the key decision made? The article Tesla Speeds Past Texas Red Tape to Park Its Battery Plant in Nevada from BusinessWeek website shows the main decision determined to build its giant battery factory in Nevada. Of course it’s a strategic decision based on production requirements. Upper-level managers or directors of board probably make the decision. 3. After graduation‚ you are not likely to move directly to a top-level management position
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INTRO TO STRATEGIC MANGEMENT (LECTURE 1) YOUR THOUGHTS PLEASE • WHAT IS ‘STRATEGY’ AND WHAT DOES IT MEAN TO YOUR ORGANIZATION ? • SOME COMMON RESPONSES Strategy? Means several things to several people at different points of time. (‘Strategy is a series of goals and objectives that is used to run business’ (Strategy is an attempt to combine organizations activity and available resources to achieve stated objectives. (Strategy is the roadmap we use to get to where we want to go’ (Strategy
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BUS 5021: STRATEGIC MANAGEMENT TERM PAPER - 25% PROGRAMMES: MBA-CM (Mbeya) INSTRUCTIONS A. Choose one question among the following questions B. Write Maximum of only 5 pages (type written) including references C. Academic writing style will give you 5 marks. D. You should consult at least six academic references (books and/or published articles) E. Deadline for submission: 15th Februari 2013 1. Select a particular type of business that you may wish to start
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Mid-term Review Questions Chapter 1 1. Define strategic competitiveness‚ strategy‚ competitive advantage‚ above-average returns‚ and the strategic management process. Strategic competitiveness is achieved when a firm successfully formulates and implements a value-creating strategy. Strategy is an integrated and coordinated set of commitments and actions designed to exploit core competencies and gain a competitive advantage. Competitive advantage is when a firm implements a strategy that its
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Chapter 1—Strategic Management and Strategic Competitiveness TRUE/FALSE 1. The Opening Case shows that McDonald’s is one of the few firms able to achieve strategic competitiveness from its founding until the present time. ANS: F PTS: 1 DIF: Medium REF: 3 OBJ: 01-01 TYPE: application NOT: AACSB: Multicultural & Diversity | Management: Environmental Influence | Dierdorff & Rubin: Managing strategy and innovation 2. By focusing on product innovations and upgrades of its properties‚
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business level stratey results only when the firm learns how to integrate the activities it performs in ways that create superior value for customers. 2. Relationship between customers and business level strategies in terms of who what and how strategic competitiveness results only when the firm satisfies a group of customers by using its competitiveness advantages as the basis for competing in individual product markets. a key reason firms must satisfy customers with their business-level strategy
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MIDDLESEX UNIVERSITY EXAMINATION PAPER 2007-2008 May 2008 MGT 3170 Strategic Management Acting Module Leader Abhijit Mandal Time allowed: Total number of questions: Instructions to candidates: Three Hours Five Students have to answer all questions in Part I AND Any two questions from Part II Part I and Part II are equal in terms of marks Marks: Materials provided: Each question in Part Two is worth 25 marks Case Study Starbucks (Richard Ivey School of Business) Answer Books and
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written some guidelines below. You will have had experience preparing exam questions in your review sessions. The following document provides some further hints and tips‚ with some sample questions at the end. I have also attached a document with questions from January and Resit last year‚ with an outline of what the answer should contain. What do I have to do? In the examination‚ you will be asked to select three questions to answer from a choice of six. Very broadly‚ these areas might be taken
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UNISA Strategic Management Workshop Knowing the answers to all of these questions (seventy-six in total) will guarantee you outstanding marks in the final examination as they represent the Strategic Management course (up to chapter six) in its entirety. Therefore virtually every question that can be associated with the course material thus far has been covered. Please therefore answer all of them in your own time in order to prepare yourself for the pending examination. Once you have done so
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