Commerce 4PA3 exam with correct answers |\ |\ |\ |\ |\
General Management Perspective - CORRECT ANSWERS
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✔✔having the capacity to understand and appreciate |\ |\ |\ |\ |\ |\ |\
issues facing individuals placed in the specific role of a
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
general manager |\
general manager - CORRECT ANSWERS ✔✔someone who
|\ |\ |\ |\ |\ |\ |\
has responsibility for all functional facets of the business
|\ |\ |\ |\ |\ |\ |\ |\
create, capture and distribute value - CORRECT ANSWERS
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✔✔what is the job of the general manager?
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set direction, create strategy, implement change -
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CORRECT ANSWERS ✔✔3 fundamental components of the
|\ |\ |\ |\ |\ |\
GM's job?
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operating performance, organizational health - CORRECT
|\ |\ |\ |\ |\ |\
ANSWERS ✔✔2 sets of measures for assessment of |\ |\ |\ |\ |\ |\ |\ |\
organizational performance |\
quadrant 1 - CORRECT ANSWERS ✔✔desired state of
|\ |\ |\ |\ |\ |\ |\ |\
performance matrix |\
,quadrant 2 - CORRECT ANSWERS ✔✔inward-looking and
|\ |\ |\ |\ |\ |\ |\
self-satisfied organization where people enjoy their work |\ |\ |\ |\ |\ |\ |\
but are performing inadequately in terms of
|\ |\ |\ |\ |\ |\
market/financial standards
|\ |\
quadrant 3 - CORRECT ANSWERS ✔✔business is achieving
|\ |\ |\ |\ |\ |\ |\
operating objectives at the expense of organizational
|\ |\ |\ |\ |\ |\ |\ |\
health
quadrant 4 - CORRECT ANSWERS ✔✔represents a
|\ |\ |\ |\ |\ |\ |\
problem in which immediate and comprehensive action is
|\ |\ |\ |\ |\ |\ |\ |\
necessary
colins and porras framework - CORRECT ANSWERS
|\ |\ |\ |\ |\ |\ |\
✔✔based on solid research and provides a practical
|\ |\ |\ |\ |\ |\ |\ |\
approach for applying the concept. vision consists on 2
|\ |\ |\ |\ |\ |\ |\ |\ |\
major components. guiding philosophy includes the core
|\ |\ |\ |\ |\ |\ |\
purpose and values of the organization
|\ |\ |\ |\ |\
core purpose and core values - CORRECT ANSWERS
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✔✔guiding philosophy 2 elements |\ |\ |\
values - CORRECT ANSWERS ✔✔represent the basic
|\ |\ |\ |\ |\ |\ |\
beliefs that govern individual and group behaviour in an
|\ |\ |\ |\ |\ |\ |\ |\ |\
organization
,core purpose - CORRECT ANSWERS ✔✔defines
|\ |\ |\ |\ |\ |\
organization's reason for being and may never be fully |\ |\ |\ |\ |\ |\ |\ |\ |\
realized, in contrast to goals and objectives, which are
|\ |\ |\ |\ |\ |\ |\ |\ |\
formulated specifically to be achievable |\ |\ |\ |\
mission statement - CORRECT ANSWERS ✔✔mission is
|\ |\ |\ |\ |\ |\ |\
clear and compelling goal that serves to unify an
|\ |\ |\ |\ |\ |\ |\ |\ |\
organization's efforts |\
feasibility - CORRECT ANSWERS ✔✔question of whether
|\ |\ |\ |\ |\ |\ |\
you can reasonably expect to get to your visionary
|\ |\ |\ |\ |\ |\ |\ |\ |\
destination cannot be answered in the abstract |\ |\ |\ |\ |\ |\
flexibility - CORRECT ANSWERS ✔✔vision must be flexible
|\ |\ |\ |\ |\ |\ |\ |\
because circumstances may change in unanticipated
|\ |\ |\ |\ |\ |\
ways
stretch - CORRECT ANSWERS ✔✔vision should go further
|\ |\ |\ |\ |\ |\ |\ |\
than what is doable with today's resources/capabilities
|\ |\ |\ |\ |\ |\
managerial strategy - CORRECT ANSWERS ✔✔Which of |\ |\ |\ |\ |\ |\ |\
the following is not one of the major levels of organization
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
strategy?
|\
, management preferences - CORRECT ANSWERS ✔✔When |\ |\ |\ |\ |\ |\
developing alternatives based on the Diamond-E drill, this |\ |\ |\ |\ |\ |\ |\
element often provides the most strain on action plans:
|\ |\ |\ |\ |\ |\ |\ |\ |\
development - CORRECT ANSWERS ✔✔Which stage is not |\ |\ |\ |\ |\ |\ |\ |\
included in the product life cycle? |\ |\ |\ |\ |\
the balanced scorecard - CORRECT ANSWERS ✔✔Kaplan
|\ |\ |\ |\ |\ |\ |\
and Norton developed:
|\ |\
strategic planning - CORRECT ANSWERS ✔✔approach to
|\ |\ |\ |\ |\ |\ |\
undertaking strategic analysis on a recurring basis and |\ |\ |\ |\ |\ |\ |\ |\
deals with who develops the strategy, how it happens and
|\ |\ |\ |\ |\ |\ |\ |\ |\
when it takes place
|\ |\ |\ |\
strategy - CORRECT ANSWERS ✔✔concrete expression of
|\ |\ |\ |\ |\ |\ |\
how an organization intends to operate in service of
|\ |\ |\ |\ |\ |\ |\ |\ |\
whatever mission it has designed |\ |\ |\ |\
strategy - CORRECT ANSWERS ✔✔definitive tool for
|\ |\ |\ |\ |\ |\ |\
building, communicating and maintaining direction of the
|\ |\ |\ |\ |\ |\ |\
business
goals - CORRECT ANSWERS ✔✔set up targets against
|\ |\ |\ |\ |\ |\ |\ |\
which progress/performance can be assessed
|\ |\ |\ |\
General Management Perspective - CORRECT ANSWERS
|\ |\ |\ |\ |\ |\
✔✔having the capacity to understand and appreciate |\ |\ |\ |\ |\ |\ |\
issues facing individuals placed in the specific role of a
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
general manager |\
general manager - CORRECT ANSWERS ✔✔someone who
|\ |\ |\ |\ |\ |\ |\
has responsibility for all functional facets of the business
|\ |\ |\ |\ |\ |\ |\ |\
create, capture and distribute value - CORRECT ANSWERS
|\ |\ |\ |\ |\ |\ |\
✔✔what is the job of the general manager?
|\ |\ |\ |\ |\ |\ |\ |\
set direction, create strategy, implement change -
|\ |\ |\ |\ |\ |\ |\
CORRECT ANSWERS ✔✔3 fundamental components of the
|\ |\ |\ |\ |\ |\
GM's job?
|\ |\
operating performance, organizational health - CORRECT
|\ |\ |\ |\ |\ |\
ANSWERS ✔✔2 sets of measures for assessment of |\ |\ |\ |\ |\ |\ |\ |\
organizational performance |\
quadrant 1 - CORRECT ANSWERS ✔✔desired state of
|\ |\ |\ |\ |\ |\ |\ |\
performance matrix |\
,quadrant 2 - CORRECT ANSWERS ✔✔inward-looking and
|\ |\ |\ |\ |\ |\ |\
self-satisfied organization where people enjoy their work |\ |\ |\ |\ |\ |\ |\
but are performing inadequately in terms of
|\ |\ |\ |\ |\ |\
market/financial standards
|\ |\
quadrant 3 - CORRECT ANSWERS ✔✔business is achieving
|\ |\ |\ |\ |\ |\ |\
operating objectives at the expense of organizational
|\ |\ |\ |\ |\ |\ |\ |\
health
quadrant 4 - CORRECT ANSWERS ✔✔represents a
|\ |\ |\ |\ |\ |\ |\
problem in which immediate and comprehensive action is
|\ |\ |\ |\ |\ |\ |\ |\
necessary
colins and porras framework - CORRECT ANSWERS
|\ |\ |\ |\ |\ |\ |\
✔✔based on solid research and provides a practical
|\ |\ |\ |\ |\ |\ |\ |\
approach for applying the concept. vision consists on 2
|\ |\ |\ |\ |\ |\ |\ |\ |\
major components. guiding philosophy includes the core
|\ |\ |\ |\ |\ |\ |\
purpose and values of the organization
|\ |\ |\ |\ |\
core purpose and core values - CORRECT ANSWERS
|\ |\ |\ |\ |\ |\ |\ |\
✔✔guiding philosophy 2 elements |\ |\ |\
values - CORRECT ANSWERS ✔✔represent the basic
|\ |\ |\ |\ |\ |\ |\
beliefs that govern individual and group behaviour in an
|\ |\ |\ |\ |\ |\ |\ |\ |\
organization
,core purpose - CORRECT ANSWERS ✔✔defines
|\ |\ |\ |\ |\ |\
organization's reason for being and may never be fully |\ |\ |\ |\ |\ |\ |\ |\ |\
realized, in contrast to goals and objectives, which are
|\ |\ |\ |\ |\ |\ |\ |\ |\
formulated specifically to be achievable |\ |\ |\ |\
mission statement - CORRECT ANSWERS ✔✔mission is
|\ |\ |\ |\ |\ |\ |\
clear and compelling goal that serves to unify an
|\ |\ |\ |\ |\ |\ |\ |\ |\
organization's efforts |\
feasibility - CORRECT ANSWERS ✔✔question of whether
|\ |\ |\ |\ |\ |\ |\
you can reasonably expect to get to your visionary
|\ |\ |\ |\ |\ |\ |\ |\ |\
destination cannot be answered in the abstract |\ |\ |\ |\ |\ |\
flexibility - CORRECT ANSWERS ✔✔vision must be flexible
|\ |\ |\ |\ |\ |\ |\ |\
because circumstances may change in unanticipated
|\ |\ |\ |\ |\ |\
ways
stretch - CORRECT ANSWERS ✔✔vision should go further
|\ |\ |\ |\ |\ |\ |\ |\
than what is doable with today's resources/capabilities
|\ |\ |\ |\ |\ |\
managerial strategy - CORRECT ANSWERS ✔✔Which of |\ |\ |\ |\ |\ |\ |\
the following is not one of the major levels of organization
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
strategy?
|\
, management preferences - CORRECT ANSWERS ✔✔When |\ |\ |\ |\ |\ |\
developing alternatives based on the Diamond-E drill, this |\ |\ |\ |\ |\ |\ |\
element often provides the most strain on action plans:
|\ |\ |\ |\ |\ |\ |\ |\ |\
development - CORRECT ANSWERS ✔✔Which stage is not |\ |\ |\ |\ |\ |\ |\ |\
included in the product life cycle? |\ |\ |\ |\ |\
the balanced scorecard - CORRECT ANSWERS ✔✔Kaplan
|\ |\ |\ |\ |\ |\ |\
and Norton developed:
|\ |\
strategic planning - CORRECT ANSWERS ✔✔approach to
|\ |\ |\ |\ |\ |\ |\
undertaking strategic analysis on a recurring basis and |\ |\ |\ |\ |\ |\ |\ |\
deals with who develops the strategy, how it happens and
|\ |\ |\ |\ |\ |\ |\ |\ |\
when it takes place
|\ |\ |\ |\
strategy - CORRECT ANSWERS ✔✔concrete expression of
|\ |\ |\ |\ |\ |\ |\
how an organization intends to operate in service of
|\ |\ |\ |\ |\ |\ |\ |\ |\
whatever mission it has designed |\ |\ |\ |\
strategy - CORRECT ANSWERS ✔✔definitive tool for
|\ |\ |\ |\ |\ |\ |\
building, communicating and maintaining direction of the
|\ |\ |\ |\ |\ |\ |\
business
goals - CORRECT ANSWERS ✔✔set up targets against
|\ |\ |\ |\ |\ |\ |\ |\
which progress/performance can be assessed
|\ |\ |\ |\
