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MNG3701 ASSIGNMENT 1 COMPLETE ANSWERS STUDY GUIDE 2025/2026 ACCURATE QUESTIONS AND VERIFIED CORRECT SOLUTIONS || 100% GUARANTEED PASS <UPDATED VERSION>

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MNG3701 ASSIGNMENT 1 COMPLETE ANSWERS STUDY GUIDE 2025/2026 ACCURATE QUESTIONS AND VERIFIED CORRECT SOLUTIONS || 100% GUARANTEED PASS &lt;UPDATED VERSION&gt;

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MNG3701 ASSIGNMENT 1 COMPLETE ANSWERS STUDY GUIDE

2025/2026 ACCURATE QUESTIONS AND VERIFIED CORRECT

SOLUTIONS || 100% GUARANTEED PASS <UPDATED VERSION>




Strategic Implementation & Leadership

1. Q: What is the primary focus of strategy implementation?

A: The process of translating strategies and policies into action through

the development of programs, budgets, and procedures.

2. Q: According to Miles and Snow's strategy typology, which organization

type focuses on stability and efficiency in a limited market segment?

A: The Defender.


3. Q: What is the key characteristic of a Prospector organization (Miles &

Snow)?

A: It continuously innovates and seeks new market opportunities, often

being the first-mover.

4. Q: The Analyzer (Miles & Snow) operates by combining the strategies of

which two other types?

A: The Prospector and the Defender.

,5. Q: What is a key challenge in strategy implementation?

A: Overcoming resistance to change within the organization.


6. Q: What does the "S" stand for in a SWOT analysis?

A: Strengths (internal positive attributes of the organization).


7. Q: What does the "W" stand for in a SWOT analysis?

A: Weaknesses (internal negative attributes of the organization).


8. Q: What does the "O" stand for in a SWOT analysis?

A: Opportunities (external factors the organization can exploit).


9. Q: What does the "T" stand for in a SWOT analysis?

A: Threats (external factors that could harm the organization).


10.Q: What type of strategy involves selling a company's products or services

in a restricted number of market segments?

A: A Focus strategy.


11.Q: What is the primary goal of a cost leadership strategy?

A: To become the lowest-cost producer in the industry.

, 12.Q: What is the primary goal of a differentiation strategy?

A: To create a product or service that is perceived as unique industry-

wide.

13.Q: What is strategic leadership?

A: The ability to anticipate, envision, maintain flexibility, and empower

others to create strategic change.

14.Q: What is the main responsibility of a board of directors in strategic

management?

A: To provide oversight and governance, ensuring management acts in

the shareholders' best interests.

15.Q: What is the agency problem?

A: A conflict of interest that occurs when managers (agents) act in their

own best interests rather than those of the shareholders (principals).

16.Q: What is the role of a Chief Strategy Officer (CSO)?

A: To lead the strategic planning process and facilitate its

implementation across the organization.

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