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UARK MPO MGMT 2103 Exam 1 Questions and Correct Answers/ Latest Update / Already Graded

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UARK MPO MGMT 2103 Exam 1 Questions and Correct Answers/ Latest Update / Already Graded

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UARK MPO MGMT 2103 Exam 1 Questions
and Correct Answers/ Latest Update /
Already Graded
Strategy

Ans: business plan to create value in particular market


Value Creation

Ans: revenue exceeds cost


Low Cost Strategy

Ans: create value by reducing costs


Differentiation Strategy

Ans: create value convincing market your p or s is different
than everyone else's


Resource base view of Competitive Strategy

Ans: use firm controlled resources as competitive advantage


Characteristics of core competitive advantage

All rights reserved © 2025/ 2026 |

, Page |2


Ans: V- Is resource Viable?
R- Is resource Rare?
I- Is resource Inimitable?
O- Are Organizational processes in place to support valued
resources?


High performance work systems

Ans: System of management practices that together foster
development of highly:
-Knowledgeable, skilled, and able work force
-Motivational workforce
-Workforce that has opportunity to use ability and motivat ion
to achieve objectives


Control oriented work systems

Ans: -Egalitarianism and Engagement
-Very little employee influence over "management" decisions
-No formal employee complaint/grievance mechanisms
-Intense supervision info shared


Sense making devices



All rights reserved © 2025/ 2026 |

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