Mgt 415 exam 3 Study guides, Class notes & Summaries
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![MGT 415 Exam 1 (Ch. 1-3), Top Exam questions and answers. 100% Accurate.](/docpics/3253143/64db9ba955017_3253143_121_171.jpeg)
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MGT 415 Exam 1 (Ch. 1-3), Top Exam questions and answers. 100% Accurate.
- Exam (elaborations) • 15 pages • 2023
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MGT 415 Exam 1 (Ch. 1-3), Top Exam questions and answers. 100% Accurate. 
 
 
Why is Strategy important/What does it do for us? - Tells us how to create competitive advantages in the marketplace. 
 
Two Perspectives of Leadership - (1) Romantic View (2) External control perspective 
 
What is Romantic View? - Leader is key in the organization's success 
 
What is External Control Perspective? - External factors are key to the organization's success
![MGT 415 EXAM 1, Top Questions and answers, VERIFIED.](/docpics/3253066/64db97e34f0be_3253066_121_171.jpeg)
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MGT 415 EXAM 1, Top Questions and answers, VERIFIED.
- Exam (elaborations) • 12 pages • 2023
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MGT 415 EXAM 1, Top Questions and answers, VERIFIED. 
 
 
strategy - -an action plan for outperforming competitors and achieving superior profitability 
 
3 tests for determining winning strategy - -the fit test, the competitive advantage test, the performance test 
 
the fit test - -how well does the strategy fit the company's situation? 
 
the competitive advantage test - -can the strategy help the company achieve a sustainable competitive advantage? 
 
the performance test - -is the strategy...
![MGT 415 Exam 3, Top Exam Questions and answers, 100% Accurate, Verified.](/docpics/3253206/64dba017d70e3_3253206_121_171.jpeg)
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MGT 415 Exam 3, Top Exam Questions and answers, 100% Accurate, Verified.
- Exam (elaborations) • 7 pages • 2023
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MGT 415 Exam 3, Top Exam Questions and answers, 100% Accurate, Verified. 
 
 
Who can summarize what the article said VW is doing to resolve the emissions scandal? - -VW said last year that it equipped diesel-powered cars with devices meant to trick emissions tests, allowing the cars to spew higher-than-legal levels of pollutants. 
 
How much is the potential cash payment to each consumer? - -$5100 to $10,000 payment to consumers small vehicles ...large vehicle settlement TBD 
 
How many vehicle...
![MGT 415 exam 3, Top Exam Review Questions section and answers, rated A+](/docpics/3253157/64db9cf61f99f_3253157_121_171.jpeg)
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MGT 415 exam 3, Top Exam Review Questions section and answers, rated A+
- Exam (elaborations) • 5 pages • 2023
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MGT 415 exam 3, Top Exam Review Questions section and answers, rated A+ 
 
 
strategy execution - -operations-driven 
-involves management of both people and business processes 
-job for the whole mgt team 
 
two best signs of a good strategy execution - 1. whether a company is meeting or beating its performance targets 
2. whether they are performing value chain activities in a manner that is conducive to companywide operating excellence
![MGT 415 Exam 3, Top Exam Questions and answers, 100% Accurate, rated A+](/docpics/3253192/64db9f292c037_3253192_121_171.jpeg)
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MGT 415 Exam 3, Top Exam Questions and answers, 100% Accurate, rated A+
- Exam (elaborations) • 7 pages • 2023
- Available in package deal
-
- $8.49
- + learn more
MGT 415 Exam 3, Top Exam Questions and answers, 100% Accurate, rated A+ 
 
 
Who can summarize what the article said VW is doing to resolve the emissions scandal? - -VW said last year that it equipped diesel-powered cars with devices meant to trick emissions tests, allowing the cars to spew higher-than-legal levels of pollutants. 
 
How much is the potential cash payment to each consumer? - -$5100 to $10,000 payment to consumers small vehicles ...large vehicle settlement TBD 
 
How many vehicles...
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