Changing Business through Strategic Innovation Study guides, Class notes & Summaries

80/20 rule 80 percent of problems are caused by 20 percent causes. Pareto chart. LMRDA (Labor Management Reporting and Disclosure Act) Taft Hartley act, one regulation is prohibition of closed shops and the allowances of union shops with the consent of the majority of employees. Zipper clause an employment agreement in which both parties waive the right to demand bargaining on any matter not dealt with in the contract, regardless of whether that matter was contemplated when the contract was...

SHRM-CP Exam 361 Questions with Verified Answers 2022 SHRM - CORRECT ANSWER Society for Human Resource Management What is Business Acumen? - CORRECT ANSWER How an Organization decides to deal with a business situation to drive the best outcomes. -knowledge of the most profitable aspects of the business -understanding of cash flow and the current market situation -thorough understanding of the respective business niche Significance of Business Acumen - CORRECT ANSWER -helps HR bring m...

Consumer Behavior 10e Schiffman TestBank Completed Correctly Consumer Behavior 10e Schiffman tbINTRODUCTION Welcome to the Test Item File for Consumer Behavior, 10th edition. The textbook was authored by Leon G. Schiffman and Leslie Lazar Kanuk, in collaboration with Joseph Wisenblit. Each chapter in the Test Item File contains four types of questions: Multiple-Choice, Multiple-Choice Mini Case, True/False, and Essay Questions. Each question is formatted with the question number, possibl...

PRSA APR KSA Questions What are population and sampling techniques? (KSA 1.1) - Answer Individuals whose opinions are sought in a survey. A sample may be drawn to reflect the population. Census: 100% of the population Proportional sampling: A scientific sample drawn in such a way that the probability of being chosen is equal or known. Random sample: Each person in a population has an equal chance of being chosen. Need 384 people out off a population of 100,000 for a 95% confidence level ...

SHRM Learning System Practice Exam 100 Questions with Verified Answers As part of the strategic planning process, a manufacturing organization outlines plans to expand its product line over a five-year period. To support the organization's strategic planning process, what type of plan should the training department use to present product knowledge training to customer service agents? Answers Strategic Internal Tactical Actionable - CORRECT ANSWER Strategic learning is defined as "using...

MNG3701_Study Notes. Strategic Management. Managers should realize they have an influence they can influence the competitive landscape. They need to start with a point of view of how the world can be, not how to improve what is available but rather how to alter it drastically. There are 4 transformations that influenced and continue to influence the business models and work of strategists: 1. Expansion of available strategic space – Companies can decide and change their business portfolios....

Strategic Management, 4e (Rothaermel) Chapter 1 What Is Strategy? 1) A good strategy is a set of actions that enables a firm to achieve its own internal goals without regard to the external environment. 2) The following statement by the chief executive of SunStar movie studio is an effective strategy: "We will produce the greatest films of the 21st century." 3) A vision describes in broad, inspirational terms what an organization hopes to accomplish in the future. 4) A mission d...

HR Management Chapters 1-10 Questions and Answers 100% correct Human Resource Management The policies, parties and systems that influence employees behavior, attitudes and performance HRM Practices Analysis and Design of Work HR Planning Recruiting Selection Training and Development Compensation Performance Management Employee Relations Companies with effective HRM tend to be more innovative, have greater productivity and develop a more favorable reputation in the commun...

SAFe Agile Lean Portfolio Manager (5.1) Questions and Answers Three essential collaborations of LPM - ANSWER- 1. Strategy and investment funding 2. Agile portfolio operations 3. Lean governance How does the LPM Competency align strategy with execution – ANSWER By applying Lean and systems thinking approaches to strategy and investment funding, Agile portfolio operations, and governance. What are the seven core competencies? - ANSWER- Organization Agility Lean Portfolio Manag...

WGU C211 Chapter 1 questions and answersGlobalization The process by which businesses or other organizations develop international influence or start operating on an international scale Import quota A limit on the number of products in certain categories that a nation can import Emerging economy Nations with social or business activity in the process of rapid growth and industrialization Global economic pyramid Pyramid that consists of all of the world's economies, comp...