Mgmt 449 Study guides, Class notes & Summaries

MGMT 449 - Ch 1-8 TEST BANKs - Crafting and Executing Strategy 22e Thompson.GRADED A+. Crafting and Executing Strategy, 22e (Thompson) Chapter 1 What Is Strategy and Why Is It Important? 1) Managerial considerations in determining how to compete successfully do not normally include A) How can a company attract, keep, and please customers? B) How can a company modify its entire product line to emphasize its internal service attributes? C) How should a company respond to changing econom...

A company's "macroenvironment" refers to correct answers C) all the relevant forces and factors outside a company's boundaries-general economic conditions, population demographics, societal values and lifestyles, technological factors, governmental legislation and regulation, and closer to home, the industry and competitive arena in which it operates. Which one of the following is not part of a company's macroenvironment? correct answers E) The company's resource strengths, resource w...

MGMT 449 CHAPTER 12 (Done) Exam Questions With 100% Correct Answers 2024/2025 1. A company's corporate culture is BEST defined and identified by: A. the integration of the strategy and business model that a company has adopted. B. the company's shared values, ingrained attitudes, core beliefs and company traditions that determine norms of behavior, accepted work practices of "how we do things around here," and styles of operating. C. its ingrained statement of core values and its int...

Five Forces Framework correct answers Threat of new entrants Intensity of rivalry Bargaining power of suppliers Bargaining power of buyers Threat of substitutes Attractiveness? Threat of new entrants correct answers • Economies of scale are (significant / insignificant). = High / Low • Brand identity is (significant / insignificant). = High / Low • Capital requirements are (high / low). = High / Low • Learning curve effect is (high / low). = High / Low Intensity ...

General environment correct answers factors external to an industry, and usually beyond a firm's control, that affect a firm's strategy. Demographic segment of the general environment correct answers genetic and observable characteristics of a population, including the levels and growth of age, density, sex, race, ethnicity, education, geographic region, and income. Sociocultural segment of the general environment correct answers the values, beliefs, and lifestyles of a society. These fo...

Market concentration/competitive intensity correct answers extent or degree to which a relatively small number of firms account for a relatively large percentage of the market An industry in which market share is "concentrated" in the hands of a few firm is likely to be correct answers less competitive than one in which market share is dispersed among many small firms HHI correct answers is often used to measure market concentrations HHI = 1 correct answers Firm is a monoply Blue o...

1.1 Know the perspectives of leadership and their implications. - correct answer Romantic view: leader is the key force determining the organization's success - or lack thereof. External control: external forces - where the leader has limited influence - determine the organization's success 1.2 Know the three components of strategic management process and its four key attributes. - correct answer Analysis: strategic goals...

MGMT 449 CHAPTER 12 (Done) Exam Graded A+...

MGMT 449 CHAPTER 12 (Done) Exam Questions With 100% Correct Answers 2024/2025 1. A company's corporate culture is BEST defined and identified by: A. the integration of the strategy and business model that a company has adopted. B. the company's shared values, ingrained attitudes, core beliefs and company traditions that determine norms of behavior, accepted work practices of "how we do things around here," and styles of operating. C. its ingrained statement of core values and its...

Chapter 1 What Is Strategy and Why Is It Important? 1) Managerial considerations in determining how to compete successfully do not normally include A) How can a company attract, keep, and please customers? B) How can a company modify its entire product line to emphasize its internal service attributes? C) How should a company respond to changing economic and market conditions? D) How should a company be competitive against rivals? E) How should a company position itself in the marketplace...