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MGMT 339 LATEST UPDATED 2025/2026 Review with complete QUESTIONS AND SURE VERIFIED SOLUTIONS 100% GRADED AT A+ SCORE!! SURE GUARANTEED PASS!

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MGMT 339 LATEST UPDATED 2025/2026 Review with complete QUESTIONS AND SURE VERIFIED SOLUTIONS 100% GRADED AT A+ SCORE!! SURE GUARANTEED PASS! Designing effective control system - ANSWER 1. valid performance standards 2. adequate info to employees 3. acceptability to employees 4. open communication 5. Use multiple approaches Intrinsic Motivation - ANSWER doing something for own personal reasons Extrinsic Motivation - ANSWER doing something for external purposes like rewards What is operations? - ANSWER Series of actions conducting to an end Business process: series of structured activities that produce a specific good or service What is management? - ANSWER Planning, organizing, and controlling work of others so activities are completed effectively & efficiently to achieve organizational goals Organizational goal - ANSWER -maximize profit -become successful by surviving and growing as a company Value - ANSWER Benefit/Cost = Value Ways to deliver Value - ANSWER 1. Innovation 2. Quality 3. Service 4. Speed 5. Cost 6. Sustainability Major challenges in managing the new competitive landscape? - ANSWER 1. Globalization: S&D amongst other countries 2. Technological change: adapt to change in consumer taste 3. Knowledge management: find, unlock, and capitalize on unique resources 4. Collaboration across borders Functions of Management - ANSWER 1. Planning 2. Organizing 3. Leading 4. Controlling Management Levels - Top-level - ANSWER Senior executives responsible for overall management and effectiveness of organization Management Levels - Mid-level - ANSWER Report to top level Management Levels - Frontline - ANSWER Supervise operational activities of organization Management Skills - ANSWER 1. Technical Skills 2. Conceptual/Decision Skills 3. Interpersonal Communication Skills 4. Relationship w/ management levels What is plamning? - ANSWER process of making decisions about goals and activities that they plan to pursue in the future Characteristics of effective goals (SMART) - ANSWER Specific Measurable Attainable Relevant Time-bound Levels of Planning - Strategic - ANSWER Goals regarding long term survival and growth Levels of Planning - Technical - ANSWER Translate strategical plans into specific goals Levels of Planning - Operational - ANSWER Identify specific procedures required at lower levels Strategic Planning Steps - 1. Mission & Vision - ANSWER Mission: basic purpose & scope of operations Vision: long term direction & strategic intent of a company Strategic Planning Steps - 2. External Analysis (opportunity & threat) - ANSWER Need to know: -competitors -industry & market -economy -political & regulatory environment -technology -society Strategic Planning Steps - 3. Internal Analysis (strength & weakness) - ANSWER Core Competency: -rare -inimitable: not easily copied -well organized -valuable Strategic Planning Steps - 4. SWOT Analysis - ANSWER Comparision of strengths, weaknesses, opportunities, and threats that help executives formulate energy (Intuit Company: electronic accounting) -Strengths ex: customer driven -Weakness ex: no customer base -Opportunities ex: 1st to digitize bookkeeping -Threat ex: big companies can enter market (microsoft) Strategic Planning Steps - 5. Strategy Formaulation - ANSWER -Develop software that works the way consumers think -act fast and get a head start to avoid competition Corporate Strategies - Vertical Integration - ANSWER merging together of 2 businesses, that are at different stages of production. ex: produce company holding a farm, a produce distribution business, and a green grocery Corporate Strategies - Concentration - ANSWER Focus on only doing one thing for a long time (ex: in n out) Corporate Strategies - Concentric Diversification - ANSWER Focused on one but creating similar diverse ones Ex: Intuit Corporate Strategies - Conglomerate Diversification - ANSWER Business adds new products that are unrelated to original plan Ex: General Energy (GE) diff kinds of applicance BCG Matrix - ANSWER company's business units can be classified into 4 categories based on market growth (cash usage) and relative competitive position (cash generation). 4 Categories:

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Institution
MGMT 339
Course
MGMT 339

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MGMT 339 LATEST UPDATED
2025/2026 Review with complete
QUESTIONS AND SURE VERIFIED
SOLUTIONS 100% GRADED AT A+
SCORE!! SURE GUARANTEED PASS!


Designing effective control system - ANSWER ✔ 1. valid performance
standards
2. adequate info to employees
3. acceptability to employees
4. open communication
5. Use multiple approaches


Intrinsic Motivation - ANSWER ✔ doing something for own personal
reasons


Extrinsic Motivation - ANSWER ✔ doing something for external
purposes like rewards


What is operations? - ANSWER ✔ Series of actions conducting to an
end

,Business process: series of structured activities that produce a specific
good or service




What is management? - ANSWER ✔ Planning, organizing, and
controlling work of others so activities are completed effectively &
efficiently to achieve organizational goals


Organizational goal - ANSWER ✔ -maximize profit
-become successful by surviving and growing as a company


Value - ANSWER ✔ Benefit/Cost = Value


Ways to deliver Value - ANSWER ✔ 1. Innovation
2. Quality
3. Service
4. Speed
5. Cost
6. Sustainability


Major challenges in managing the new competitive landscape? -
ANSWER ✔ 1. Globalization: S&D amongst other countries
2. Technological change: adapt to change in consumer taste

, 3. Knowledge management: find, unlock, and capitalize on unique
resources
4. Collaboration across borders


Functions of Management - ANSWER ✔ 1. Planning
2. Organizing
3. Leading
4. Controlling


Management Levels - Top-level - ANSWER ✔ Senior executives
responsible for overall management and effectiveness of organization


Management Levels - Mid-level - ANSWER ✔ Report to top level


Management Levels - Frontline - ANSWER ✔ Supervise operational
activities of organization


Management Skills - ANSWER ✔ 1. Technical Skills
2. Conceptual/Decision Skills
3. Interpersonal Communication Skills
4. Relationship w/ management levels


What is plamning? - ANSWER ✔ process of making decisions about
goals and activities that they plan to pursue in the future

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Institution
MGMT 339
Course
MGMT 339

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