MAN 4720 – Strategic Management –
Florida State University – Exam 1
This Exam 1 study guide for MAN 4720 (Strategic Management) at
Florida State University contains 90 flashcard-style questions and
answers from Quizlet. The material covers essential strategic
management concepts, including the resource-based view, Porter's Five
Forces, PESTEL analysis, the AFI framework, competitive advantage,
leadership levels, vision and mission statements, and strategic decision-
making. Ideal for students preparing for foundational exams in
strategic management.
,
2 of 90
Term
It should make employees feel that their work is important
It should inspire employees
Give this one a try later!
Which of the following are primary What should a successful
strategy objectives? vision do for an organization?
Why might a company develop What can cause an outflow of
organizational core values? resources from a firm?
Definition
are any assets that a firm can draw on when formulating and
3 of 90
Definition
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Which of the following is considered an internal stakeholder?
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, Employees, stockholders, Customers, media, suppliers,
board members government, unions
Shareholders & investors Owners ; investors
4 of 90
Definition
Functional strategy answers which question?
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How to implement Business
What products to Develop next
strategy
How to reduce Operational costs What marketing channels To use
5 of 90
Definition
A resource is ______ if the number of firms that possess it is less than
the number of firms required to reach a state of perfect
, competition
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abundant ubiquitous
rare common
6 of 90
Definition
According to the ______ - ______ view, firms are a distinctive collection
of resources, capabilities, and competencies
Give this one a try later!
Resource based Price focused
Customer oriented Market driven
7 of 90
Florida State University – Exam 1
This Exam 1 study guide for MAN 4720 (Strategic Management) at
Florida State University contains 90 flashcard-style questions and
answers from Quizlet. The material covers essential strategic
management concepts, including the resource-based view, Porter's Five
Forces, PESTEL analysis, the AFI framework, competitive advantage,
leadership levels, vision and mission statements, and strategic decision-
making. Ideal for students preparing for foundational exams in
strategic management.
,
2 of 90
Term
It should make employees feel that their work is important
It should inspire employees
Give this one a try later!
Which of the following are primary What should a successful
strategy objectives? vision do for an organization?
Why might a company develop What can cause an outflow of
organizational core values? resources from a firm?
Definition
are any assets that a firm can draw on when formulating and
3 of 90
Definition
Give this one a try later!
Which of the following is considered an internal stakeholder?
Give this one a try later!
, Employees, stockholders, Customers, media, suppliers,
board members government, unions
Shareholders & investors Owners ; investors
4 of 90
Definition
Functional strategy answers which question?
Give this one a try later!
How to implement Business
What products to Develop next
strategy
How to reduce Operational costs What marketing channels To use
5 of 90
Definition
A resource is ______ if the number of firms that possess it is less than
the number of firms required to reach a state of perfect
, competition
Give this one a try later!
abundant ubiquitous
rare common
6 of 90
Definition
According to the ______ - ______ view, firms are a distinctive collection
of resources, capabilities, and competencies
Give this one a try later!
Resource based Price focused
Customer oriented Market driven
7 of 90
