COB 487 Yankey Exam 1 QUESTIONS AND CORRECT
ANSWERS 2025 LATEST//GRADED A+
Strategic Management - (answer)a set of managerial decisions and actions that
determines the long-run performance of a corporation
Strategic management includes: - (answer)- Internal and external environmental
scanning
- Strategy formulation
- Strategy implementation
- Evaluation and control
students for leadership and management roles in various industries. It focuses on critical thinking, decision-making, problem-solving, and understanding organizational processes. A typical business program might cover
topics like accounting, finance, marketing, management, economics, e
4 Phases of Strategic Management - (answer)1. basic financial planning
2. forecast based planning
3. externally oriented (strategic) planning
4. strategic management
Benefits of Strategic Management - (answer)The attainment of an appropriate
match, or "fit," between an organization's environment and its strategy, structure
and processes has positive effects on the organization's performance.
Strategic planning becomes increasingly important as the environment becomes
more unstable.
Clearer sense of strategic vision for the firm
, Sharper focus on what is strategically important
Improved understanding of a rapidly changing environment
Globalization - (answer)the integrated internationalization of markets and
corporations
students for leadership and management roles in various industries. It focuses on critical thinking, decision-making, problem-solving, and understanding organizational processes. A typical business program might cover
topics like accounting, finance, marketing, management, economics, e
Sustainability - (answer)refers to the use of business practices to manage the
triple bottom line
The triple bottom line includes: - (answer)1. the management of traditional
profit/loss
2. the management of the company's social responsibility
3. the management of its environmental responsibility
Population ecology theory - (answer)once an organization is successfully
established in a particular environmental niche, its unable to adapt to changing
conditions
Institution theory - (answer)organizations can and do adapt to changing
conditions by imitating other successful organizations
, Strategic choice perspective - (answer)not only do organizations adapt to a
changing environment, but they also have the opportunity and power to reshape
their environment
Organizational learning theory - (answer)an organization adjusts defensively to a
changing environment and uses knowledge offensively to improve the fit between
itself and its environment
Strategic Flexibility - (answer)- the ability to shift from one dominant strategy to
another
- demands long-term commitment to development and nurturing of critical
resources
- also demands that the company become a learning organization
Learning organization - (answer)An organization skilled at creating, acquiring, and
transferring knowledge, and at modifying its behavior to reflect new knowledge
and insights.
students for leadership and management roles in various industries. It focuses on critical thinking, decision-making, problem-solving, and understanding organizational processes. A typical business program might cover
topics like accounting, finance, marketing, management, economics, e
Learning organizations are skilled at 4 main activities: - (answer)1. solving
problems systematically
2. experimenting with new approaches
3. learning from the organizations own experiences and past history as well as
from others experiences
4. transferring knowledge quickly and efficiently throughout the organization
ANSWERS 2025 LATEST//GRADED A+
Strategic Management - (answer)a set of managerial decisions and actions that
determines the long-run performance of a corporation
Strategic management includes: - (answer)- Internal and external environmental
scanning
- Strategy formulation
- Strategy implementation
- Evaluation and control
students for leadership and management roles in various industries. It focuses on critical thinking, decision-making, problem-solving, and understanding organizational processes. A typical business program might cover
topics like accounting, finance, marketing, management, economics, e
4 Phases of Strategic Management - (answer)1. basic financial planning
2. forecast based planning
3. externally oriented (strategic) planning
4. strategic management
Benefits of Strategic Management - (answer)The attainment of an appropriate
match, or "fit," between an organization's environment and its strategy, structure
and processes has positive effects on the organization's performance.
Strategic planning becomes increasingly important as the environment becomes
more unstable.
Clearer sense of strategic vision for the firm
, Sharper focus on what is strategically important
Improved understanding of a rapidly changing environment
Globalization - (answer)the integrated internationalization of markets and
corporations
students for leadership and management roles in various industries. It focuses on critical thinking, decision-making, problem-solving, and understanding organizational processes. A typical business program might cover
topics like accounting, finance, marketing, management, economics, e
Sustainability - (answer)refers to the use of business practices to manage the
triple bottom line
The triple bottom line includes: - (answer)1. the management of traditional
profit/loss
2. the management of the company's social responsibility
3. the management of its environmental responsibility
Population ecology theory - (answer)once an organization is successfully
established in a particular environmental niche, its unable to adapt to changing
conditions
Institution theory - (answer)organizations can and do adapt to changing
conditions by imitating other successful organizations
, Strategic choice perspective - (answer)not only do organizations adapt to a
changing environment, but they also have the opportunity and power to reshape
their environment
Organizational learning theory - (answer)an organization adjusts defensively to a
changing environment and uses knowledge offensively to improve the fit between
itself and its environment
Strategic Flexibility - (answer)- the ability to shift from one dominant strategy to
another
- demands long-term commitment to development and nurturing of critical
resources
- also demands that the company become a learning organization
Learning organization - (answer)An organization skilled at creating, acquiring, and
transferring knowledge, and at modifying its behavior to reflect new knowledge
and insights.
students for leadership and management roles in various industries. It focuses on critical thinking, decision-making, problem-solving, and understanding organizational processes. A typical business program might cover
topics like accounting, finance, marketing, management, economics, e
Learning organizations are skilled at 4 main activities: - (answer)1. solving
problems systematically
2. experimenting with new approaches
3. learning from the organizations own experiences and past history as well as
from others experiences
4. transferring knowledge quickly and efficiently throughout the organization
