Mba 705 2 1 Study guides, Revision notes & Summaries

MBA 705 - Exam 1 Questions And Revised Correct Answers | Guarantee Pass!! Mission - ANSWER : is a broadly defined but enduring statement of purpose that identifies the scope of an organization's operations and its offerings to the various stakeholders Strategy - ANSWER : refers to top management's plans to develop and sustain competitive advantage so that the organization's mission is fulfilled. Competitive advantage - ANSWER : is a state whereby a firm's successful strategi...

MBA 705 CH 12 Questions and Answers 1. Strategic control consists of determining the extent to which the organization's strategies are consistent with those of the firm's closest competitors. a. True b. False - Correct Answer ️️ -B 2. Without strategic control, there are no clear benchmarks and ultimately no reliable measurements of how the company is doing. a. True b. False - Correct Answer ️️ -A 3. Top management uses strategic control to maintain proper alignment between th...

MBA 705 - Exam 1 Questions and Answers Mission - Correct Answer ️️ -is a broadly defined but enduring statement of purpose that identifies the scope of an organization's operations and its offerings to the various stakeholders Strategy - Correct Answer ️️ -refers to top management's plans to develop and sustain competitive advantage so that the organization's mission is fulfilled. Competitive advantage - Correct Answer ️️ -is a state whereby a firm's successful strategies ...

MBA 705 - Module 2 Questions and Answers industry - Correct Answer ️️ -a group of companies that produce competing products or services critical success factors (csf) - Correct Answer ️️ -elements of the strategy that promote (but do not guarantee) success within a given industry; often shared by rivals primary industry - Correct Answer ️️ -consists of a firm's most direct competitors secondary industry - Correct Answer ️️ -consists of a firm's less direct rivals Outside...

MBA 705 CH 8&9 Graded A+ Capital-Labor Substitution ️An organization's ability to substitute labor for capital or vice versa as production increases. Experience Curve ️The reduction in per-unit costs that occur as an organization gains experience producing a product or service. It's based on three underlying concepts: (1) learning, (2) economies of scale, and (3) capital-labor substitution possibilities Functional Strategies ️The strategies pursued by each functional area of ...

MBA 705 CH 12 Verified Solutions 1. Strategic control consists of determining the extent to which the organization's strategies are consistent with those of the firm's closest competitors. a. True b. False B 2. Without strategic control, there are no clear benchmarks and ultimately no reliable measurements of how the company is doing. a. True b. False A 3. Top management uses strategic control to maintain proper alignment between the external and internal environments. a....

MBA 705 - Exam 1 Already Graded A+ Mission ️is a broadly defined but enduring statement of purpose that identifies the scope of an organization's operations and its offerings to the various stakeholders Strategy ️refers to top management's plans to develop and sustain competitive advantage so that the organization's mission is fulfilled. Competitive advantage ️is a state whereby a firm's successful strategies cannot be easily duplicated by its competitors. Maintaining a sus...

MBA 705 CH 8&9 Questions and Answers Capital-Labor Substitution - Correct Answer ️️ -An organization's ability to substitute labor for capital or vice versa as production increases. Experience Curve - Correct Answer ️️ -The reduction in per-unit costs that occur as an organization gains experience producing a product or service. It's based on three underlying concepts: (1) learning, (2) economies of scale, and (3) capital-labor substitution possibilities Functional Strategies - ...

LSUS MBA 705 Chapter 12 Complete Solutions Balanced Scorecard: An approach to measuring performance based on an array of quantitative and qualitative factors, such as ROA, market share, customer loyalty and satisfaction, speed, and innovation. Best Practices: Processes or activities that have been successful in other firms. Business Process Reengineering: The application of technology and creativity in an effort to eliminate unnecessary operations or drastically improve those that ar...