SECTION -1 BASIC CONCEPTS OF STRATEGIC MANAGEMENT SUMMARY OF KEY POINTS • Strategic management starts with three key questions: (1) Where is the organization now? (2) If no changes are made‚ where will the organization be in a few years? (3) If the answers are not acceptable‚ what specific actions should management undertake? • Strategic management is that set of managerial decisions and actions that determines the long-run performance of a corporation. It includes environmental
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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 from the nine
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QUESTION 4 A) What would be the two advantages of 2nd mover over the 1st mover like Lin Wei ANSWER : The advantages of 2nd mover is get to study and observe the customer’s reactions‚ the extent of product innovations‚ mistakes of first movers so that they would try to avoid similar problems. By doing that‚ the 2nd movers would able to minimize huge capitals investments. Apply to this case‚ the second mover the second movers can study the market feedback about Lin Wei business whether
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polycentric policy. C. multidomestic policy. D. global policy. E. transnational policy 3. The activities an organization carries out to utilize its ____________ effectively is referred to as human resource management. A. customers B. external stakeholders C. employees D. suppliers E. management 4. Compensation practices may varying from country to country‚ labour laws prohibiting union organization‚ and the strong pursuit of equal employment legislation are all complexities in A. customers orientation
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Sonali Singh Psychology 2210 March 28‚ 2015 Test 2: Multiple Choice Questions 1. People from independent cultures are most likely to experience dissonance in situations when they are making decisions for ____________‚ while people from interdependent cultures are likely to experience dissonance when making decisions for ____________. a. their friends; themselves b. themselves; their friends c. the future; the present d. the present; the future Answer: b 2. A change in behavior or belief as a result
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Preparation for the First Examination Multiple Choice Questions: 1. According to your text‚ what two issues lay at the heart of Reconstruction? A. whether the federal or state government was ultimately sovereign‚ and whether African Americans or Native Americans were the most oppressed minority group B. which party would gain the ascendancy‚ and how the government could regulate the economy C. the future of political and economic power for African Americans‚ and the future of North-South economic
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helpyoustudy.info Chapter 1 Test A MULTIPLE CHOICE INSTRUCTIONS: The following selections relate to distinguishing arguments from nonarguments and identifying conclusions. Select the best answer for each. 1. There appears to be a growing happiness gap between men and women. Women today are working more and relaxing less‚ while men are working less and relaxing more. Forty years ago a typical woman spent 40 minutes more per week than the typical man performing an activity considered unpleasant
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submitted to the accounting department. Answer: B Page Ref: 26 Objective: Learning Objective 1 Difficulty : Easy AACSB: Analytic 2) An ERP system might facilitate the purchase of direct materials by all of the following except A) selecting the best supplier by comparing bids. B) preparing a purchase order when inventory falls to reorder point. C) routing a purchase order to a purchasing agent for approval. D) communicating a purchase order to a supplier. Answer: A Page Ref: 37 Objective: Learning
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Multiple Choice Questions Choose the correct answers from the following: 1. _________ described the circulation of blood in 13th century. (Bu Ali Sina‚ Ali Bin Isa‚ Ibn-Al Nafees) 2. Each fore limb of frog has _________ fingers. (4‚ 5‚ 6) 3. Fruit is formed by the enlargement of _________. (Stigma‚ Style‚ Ovary) 4. The earthworm belongs to the phylum _________. (Nematoda‚ Annelida‚ Mollusca) 5. The saliva contains an enzyme known as _________‚ which acts on carbohydrates
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Multiple Choice Questions 1. The trend from distinct national economic units and toward one huge global market is commonly referred to as: C. globalization. 2. The merging of historically distinct and separate national markets into one huge global marketplace is referred to as the: D. globalization of markets. 3. Globalization results in a greater degree of _____ across markets than would be present otherwise. B. diversity 4. The globalization of _____ refers to the sourcing
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