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Exam (elaborations)

RTPM 497 EXAM 3 QUESTIONS WITH COMPLETE ANSWERS

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RTPM 497 EXAM 3 QUESTIONS WITH COMPLETE ANSWERS

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RTPM











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Uploaded on
April 22, 2025
Number of pages
34
Written in
2024/2025
Type
Exam (elaborations)
Contains
Questions & answers

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1 of 40

Definition


• The first two letters in the acronym, S (strengths) and W (weaknesses),
refer to internal factors, which means the resources and experience
readily available to you. examples of areas typically considered
include:
o Financial resources
o Physical resources
o Human resources
o Access to natural resources, trademarks, patents, and copyrights.

,o Current processes, such as employee programs, department
hierarchies and software systems
o Companies can't hope to take advantage of or control ??????


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Internal Factors Opportunities




Internal Environment Intrinsic Causes


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2 of 40

Definition



• Impact of going to the world series
o Cleveland Indians adding payroll, ticket accounts: the Indians 2017
payroll will go up. An MLB exec said that payoff for a trip to the world
series is usually $10-15 M. Meanwhile, the team has added about 1000
season ticket sales (raising their total to around 9000 for next season)



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NHL NBA

, MLB NFL


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3 of 40

Definition


• "Patching things up"
• The Jazz, the Celtics, The sixers, the Kings all have sponsorship
patches on jerseys
• The patch is a complex sell. While teams can wear the patches for
road games, those patch sponsors cant activate outside of local
markets without a separate and larger league deal. That means if GE,
which has a patch with the Celtics wanted to activate outside of Bostin,
they would require a league deal
• Patch only deals start at 3M



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NBA NFL




MLB threatss


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4 of 40

, Definition



: concept that entails developing specific actions that will enable an
organization to meet its goals
o Strategy formation entails using the information from the analyses
(SWOT), prioritizing????



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strategy formation strategy evaluation




strategy execution strategic planning


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