MBA 705 - Exam 1 Questions And Revised Correct Answers | Guarantee Pass!!
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 strategies cannot be easily duplicated by its competitors. Maintaining a sustained competitive advantage over time can be challenging. sustained competitive advantage - ANSWER : A company's strategies enable it to maintain above-average profitability for a number of years Strategic Management - ANSWER : is of the environment in which the organization operates prior to formulating a strategy, as well as the plan for implementation and control of the strategy. The Strategic Management Process - ANSWER : 1. External Analysis 2. Internal Analysis 3. Strategy Formulation 4. Strategy Implementation 5. Strategic Control
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- MHA 705
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- April 5, 2024
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mba 705 exam 1 questions and revised correct