MANA 4322 Midterm Exam Questions With
Accurate Answers
romantic perspectives - ANSWER a leader is the key fore determining the
organization's success or lack thereof
CEO is either lauded for his or her firms success or chided for the organization
diminish fault
external control view of leadership - ANSWER situations in which external forces
- where the leader has limited influence - determine the organization's success
ex:economical downfall, covid(shutdown)
Strategic Management - ANSWER an integrative management field that
combines
Analysis(look inside and out and change),
Decision formulation(what you going to do), and
Action implementation strategy necessary resource
improve performance
Competitive advantage - ANSWER an advantage over competitors gained by
offering greater customer value, lower prices or more benefits
Compete with other stores like amazon, sustainable, power of the brand
Operational Effectiveness - ANSWER performing the same tasks better than
rivals perform is not ENOUGH to be competitive advantage
Key Attributes of Strategic Management - ANSWER -Directs the organization
toward overall goals and objectives
-Includes multiple stakeholders(employees, managers,community) in decision
making and implementing
-Needs to incorporate short-term and long-term perspectives.
-Recognizes trade-offs between efficiency(doing things right") and
effectiveness(doing the right things)
Ambidextrous Behaviors - ANSWER · the challenge managers(companies)
focus one term effectiveness explore new opportunities
at same time align resources to take advantage of existing products
ex: not going to school and working making money but going to school then
make more money
Stakeholder Management - ANSWER processes to identify the people, groups,
or organizations, that could impact or be impacted by the
, project(managers,employees ), analyze their expectations and impact, and
develop strategies for engaging them and managing conflicting interests
Symbiosis - ANSWER stakeholders are dependent upon each other stakeholders
receive mutual benefits
A close relationship between two species that benefits both cost money to
company but employees are happier and make value
Henry Mintzberg - ANSWER a manager in a firm needs to carry out certain roles.
He identified three min roles and these are interpersonal roles, information roles
and decision-making roles."
Strategic Management Process - ANSWER intended strategy -->
unrealized/emergent strategy -->relized strategy
ex: covid has change the intended strategy making a different relied strategy
hierarchy of goals 3goals - ANSWER vision- where they are heading (ex
Pixar)(fail:irrelevant goals,missed opportunities)
Mission- encompasses both the purposed of the company(reason for existing)
Strategic objectives-what is the target,finanacial/or non goal, incentive,SMART
SWOT framework - ANSWER A theory that matches a company's
internal/external:
Strengths against its Weaknesses and its Opportunities against its Threats.
-strength and weakness things you have control of and can change ex:teams,
locations
-Threats and opportunities EXTERNAL environment action by others never by
you.
ex:threats the toilet paper shortage because of COVID
nike creating mask because covid
environmental scanning - ANSWER PAYING ATTENTION, GATHERING
information from external environment that may affect the future of the
organization or the implementation of the marketing plan. ex:company notice
people rushing to the store can control. the toilet paper outage
read, listen to radio NPR,PODCAST
Environmental monitoring - ANSWER TRACKS the evolution of environmental
TRENDS, sequences of events, or streams of activities,FUTURE EVENTS
competitive intelligence - ANSWER get information about one's competitors'
activities so that you can anticipate their moves and react appropriately, find
weakness so it can benefit you
Accurate Answers
romantic perspectives - ANSWER a leader is the key fore determining the
organization's success or lack thereof
CEO is either lauded for his or her firms success or chided for the organization
diminish fault
external control view of leadership - ANSWER situations in which external forces
- where the leader has limited influence - determine the organization's success
ex:economical downfall, covid(shutdown)
Strategic Management - ANSWER an integrative management field that
combines
Analysis(look inside and out and change),
Decision formulation(what you going to do), and
Action implementation strategy necessary resource
improve performance
Competitive advantage - ANSWER an advantage over competitors gained by
offering greater customer value, lower prices or more benefits
Compete with other stores like amazon, sustainable, power of the brand
Operational Effectiveness - ANSWER performing the same tasks better than
rivals perform is not ENOUGH to be competitive advantage
Key Attributes of Strategic Management - ANSWER -Directs the organization
toward overall goals and objectives
-Includes multiple stakeholders(employees, managers,community) in decision
making and implementing
-Needs to incorporate short-term and long-term perspectives.
-Recognizes trade-offs between efficiency(doing things right") and
effectiveness(doing the right things)
Ambidextrous Behaviors - ANSWER · the challenge managers(companies)
focus one term effectiveness explore new opportunities
at same time align resources to take advantage of existing products
ex: not going to school and working making money but going to school then
make more money
Stakeholder Management - ANSWER processes to identify the people, groups,
or organizations, that could impact or be impacted by the
, project(managers,employees ), analyze their expectations and impact, and
develop strategies for engaging them and managing conflicting interests
Symbiosis - ANSWER stakeholders are dependent upon each other stakeholders
receive mutual benefits
A close relationship between two species that benefits both cost money to
company but employees are happier and make value
Henry Mintzberg - ANSWER a manager in a firm needs to carry out certain roles.
He identified three min roles and these are interpersonal roles, information roles
and decision-making roles."
Strategic Management Process - ANSWER intended strategy -->
unrealized/emergent strategy -->relized strategy
ex: covid has change the intended strategy making a different relied strategy
hierarchy of goals 3goals - ANSWER vision- where they are heading (ex
Pixar)(fail:irrelevant goals,missed opportunities)
Mission- encompasses both the purposed of the company(reason for existing)
Strategic objectives-what is the target,finanacial/or non goal, incentive,SMART
SWOT framework - ANSWER A theory that matches a company's
internal/external:
Strengths against its Weaknesses and its Opportunities against its Threats.
-strength and weakness things you have control of and can change ex:teams,
locations
-Threats and opportunities EXTERNAL environment action by others never by
you.
ex:threats the toilet paper shortage because of COVID
nike creating mask because covid
environmental scanning - ANSWER PAYING ATTENTION, GATHERING
information from external environment that may affect the future of the
organization or the implementation of the marketing plan. ex:company notice
people rushing to the store can control. the toilet paper outage
read, listen to radio NPR,PODCAST
Environmental monitoring - ANSWER TRACKS the evolution of environmental
TRENDS, sequences of events, or streams of activities,FUTURE EVENTS
competitive intelligence - ANSWER get information about one's competitors'
activities so that you can anticipate their moves and react appropriately, find
weakness so it can benefit you
