BUSI 490

Which documents are built on information from the Business Case? - Answer Project Charter and Stakeholder Register In which of the following projects is a Business Case required? - Answer All of the above What sections must be part of a Business Case for a formal organization? - Answer Performing organizations will dictate the template for each project document Communication is key in project management. When creating a Business Case document, what principles should you keep in...

In a change request, that is a corrective action? - Answer A planned action that brings the project back into alignment with the project management plan What should be submitted when an issue arises that requires modification to the project? - Answer Change request What information may be included in the issue log? - Answer All of the above Which of the following documents is an input to Baseline Tracking? - Answer Project schedule What is the purpose of baselining? - Ans...

Four D's - Answer Desireable: P>C Distinctive: Defendable: better/cheaper than competitor Deliverable: management, r/c, distribution internal analysis - Answer Resources - tangible - intangible Capabilities - processes, distribution external environment - Answer Macroenvironment: political, social, technological, legal, demographic, economic economies of scale - Answer decrease in cost of production as output increases strategy formulation vs. implementati...

What is a firm's core strategy - Answer obtain competitive advantage, drive the company. Business level 80% of the time List the business-level strategies - Answer Differentiation: Cost leadership: Focus differentiation: Differentiation cost leadership Integrated differentiation & Cost leadership List the corporate-level strategies - Answer In order of level of diversification (operators in industry) Single Business Strategy (95%) Dominant business strategy (70-94.9%) ...

mission statement - Answer a company's "reason for being" vision statement - Answer FIRST step in strategic planning, answers the question "What do we want to become?" environmental scanning - Answer the process of conducting research and gathering/assimilating external info David's 9 for mission statement - Answer customers products/services markets (geographically) technology survival, growth, profitability philosophy self-concept (competitive advan...

Strategic Management - Answer The art and science of formulating, implementing, and evaluating cross-functional decisions that enable an organization to achieve its objectives strategy formulation - Answer -developing a vision and mission -identifying an organization's external opportunities and threats -determining internal strengths and weaknesses -establishing long-term objectives -generating alternative strategies -choosing particular strategies to pursue strategy impleme...

What is marketing - Answer physical perspective What is the circle of marketing - Answer procedural perspective What are the primary business orientations - Answer Managing markets by satisfying needs & wants in order to bring about profitable exchange relationships. What is marketing? - Answer What is the circle of marketin - Answer Needs/Wants/Demands -State of Felt Deprivation Marketing Offer -Offer to satisfy a need/want/demand Value/Satisfaction -Value = Dif...

BUSI 490 Capstone questions correctly answered to pass

BUS 490 Test 1Which of these could be an example of a competitive advantage? a. The status of a company with the largest top line sales number in an industry b. A solid company with predictable sales and profitability every year, delivering predictability for its shareholders c. A start-up company with an innovative new product that changes an industry d. The ability of a firm to outperform its rivals by achieving greater profitability and growth than others in the industry - correct answer ...