STRATEGY FIRST FINAL EXAM QUESTIONS AND ANSWERS GRADED A+.pdf

STRATEGY FIRST FINAL EXAM
QUESTIONS AND ANSWERS GRADED
A+
HowRdoRweRdefineRmanagementR-
RCORRECTRANSWERSPlanning,Rorganizing,RleadingRandRcontrollingRtheRorganizationsRresou
rces



theRthreeRlevelsRofRmanagementRareR-RCORRECTRANSWERS-
topRmanagers:RmakeRlongRtermRdecisionsRaboutRtheRoverallRdirectionRofRtheRorganizatio
nRandRestablishRtheRobjective,RpoliciesRandRstrategiesRforRit

-
middleRmanagers:RimplementRtheRpoliciesRandRplansRofRtheRtopRmanagersRaboutRthemR
andRsuperviseRandRcoordinateRtheRactivitiesRofRtheRfirstRlineRmanagersRbelowRthemR

-
firstRlineRmanagers:RmakeRshortRtermRoperatingRdecision,RdirectingRtheRdailyRtasksRofRno
n-managerialRpersonnel.RmanageRpeopleRdirectlyRdoingRtheRwork



efficientR-
RCORRECTRANSWERStoRuseRresourcesRpeople,Rmoney,RrawRmaterialsRandRtheRlikeRwisely
RandRcostReffectively



effectiveRisR-
RCORRECTRANSWERStoRachieveRresults,RtoRmakeRtheRrightRdecisionsRandRsuccessfullyRcar
ryRthemRoutRsoRthatRtheyRachieveRtheRorganizationsRgoals



whatRareRtheR4RmainRfunctionsRofRmanagementR-RCORRECTRANSWERS1.RPlanning-
RsettingRgoalsRandRdecidingRhowRtoRachieveRthem,RstrategyRfitsRhere

2.ROrganizing-
RmakeRcertainRthatRallRresourcesR(people,RrawRmaterials)RarriveRonRtimeRtoRaccomplishR
theRwork

,3.Commanding-RencourageRandRdirectRpersonnelRactivity

4.Coordinating-RmakeRsureRpeopleRworkRtogetherRinRaRcooperativeRfashion

5.RControlling-REvaluateRandRensureRthatRpersonnelRfollowRmanagementsRcommands



howRdoRweRdefineRleadershipR-
RCORRECTRANSWERSIsRtheRprocessRwherebyRanRindividualRinfluencesRaRgroupRofRindividu
alsRtoRachieveRaRcommonRgoal



howRdoRtheRtasksRandRdutiesRofReachRcompareR-RCORRECTRANSWERS-Managers-
RplanningRandRbudgeting,RorganizingRandRstaffing,RcontrollingRandRproblemRsolving

-Leaders-
RsettingRaRdirectionRorRvision,RaligningRpeopleRforRvisionRbuyRin,RmotivatingRandRinspirin
g



EDGER-RCORRECTRANSWERS-Environment-
RbusinessRenvironmentRandRgreenRenvironment.RConsiderRinRallRdecisions

-Diversity-RmagnifyRstrengths,RoffsetRweaknesses

-Global-RtheRworldRusRflatRagain,RseemsRsmall,RcloserRandRmoreRconnected

-Ethics-RaRstandardRofRfairness/equity.RMoreRimportantRandRexpected



mangementRisR____Rfocused,RleadershipRisR____RfocusedR-
RCORRECTRANSWERSexecution,Rvision



SMARTRgoalsR-RCORRECTRANSWERS-S-specificR(sales,RVP,Rregion,Rterritory,RproductRline)

-M-measurableR(doRyouRhaveRaRsystemRmeasure?)

-A-RattainableR(StretchRgoal)R--R-resultsRorientatedR(areRgoalsRtiedRtoRstrategyRandRMBO)

-T-RtargetRdateR(goalRdates-RenterRaRnewRcountryRexample)

, SWOTRanalysisR-RCORRECTRANSWERS-S-RStrengths:Rinside

-W-Weaknesses:RInside

-O-Opportunities:Routside

-T-Threats:Routside



whatRdrivesRglobalizationR-
RCORRECTRANSWERS1.RTechnologyRhasRgivenRriseRtoRtheR"globalRvillage"RandRelectronicR
commerce

2.RARreductionRinRtradeRbarriersRhelpsRnationalReconomiesRbecomeRoneRmarketRinsteadR
ofRmanyRnationalRones

3.RCompetitionRdrivesRaRsearchRforRlow-costRalternatives

4.RGeneralRincreaseRinRstandardsRofRlivingRhelpRcreateRmoreRdemandRthroughRaRglobalR
middleRclassR(increaseRinRdemand)



patentR-
RCORRECTRANSWERSprovideRrightsRinRintellectualRpropertyRforRinventionsRinRthreeRbroad
RcategoriesRforR20Ryears:RutilityRpatents,RdesignRpatents,RplantRpatents



copyrightR-
RCORRECTRANSWERSprotectRworksRofRauthorship,RsuchRasRwritings,RmusicRandRworksRof
RartRthatRhaveRbeenRtangiblyRexpressed



tradeRsecretR-
RCORRECTRANSWERSareRinformationRthatRcompaniesRkeepRsecretRtoRgiveRthemRanRadvan
tageRoverRtheirRcompetitors



trademarkR-
RCORRECTRANSWERSprotectRwords,Rnames,Rsymbols,RsoundsRorRcolorsRthatRdistinguishRg
oodsRandRservicesR(brandsRandRlogosRfallRintoRthisRcategory)R(canRbeRrenewedRforeverRa
sRlongRasRtheyRareRstillRbeingRusedRinRbusiness)