MGT 498 Final Exam Question and Answers


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MGT 498 Final Exam

  1. When a company determines a competency’s competitive advantage, Barney refers to this issue a mgt 498 final exam
  2. The strategy implementation tool used to determine what actions are going to be taken, by whom, during what time frame, and
  3. The end result of the activity is ……
  4. If performance data and activity reports indicate undesirable performance as a result of inappropriate use of the strategic management process, operational manager immediately notify the board of directors.
  5. Strategic planning in a multi-divisional corporation
  6. Executives with a particular mix of skills and experiences may be classified as an executive type and paired with
  7. The hiring of new people with new skills, firing of people with inappropriate or substandard skills, and/or training existing employees to learn new skills are included
  8. The process by which a firm approaches its cross-border activities and those of competitors, and plans to approach them in the future, is called
  9. According to the text, what is the “key” to effective management of change in culture?
  10. Which strategy is develop to pull together the various activities and competencies of each department. So that corporate and business unit performance improves
  11. The relationship among the board of directors, top management, and shareholders is ……
  12. Which company experience a tarnished reputation. And scandal after experiencing behavior substitution when employees altered their behavior on the job to fit the
  13. The sum total of the activities and choices required for the execution of a strategic plan is …..
  14. Which strategy specifies the firm’s overall direction in terms of its general orientation toward growth. The industries or markets in which it competes, mgt 498 final exam and the manne resources among business units?
  15. In a survey of 50 corporations, which of the following was … a benefit of strategic management?
  16. Because of the belief that accounting-based numbers such as ROI, ROE, and EPS are not reliable indicators of a corporation’s economic value, which method of c
  17. Which is the MOST commonly ….measure of corporate performance (in terms of profit)?
  18. Who said that the social responsibility of business is a “fundamentally subversive doctrine”. And that the one social responsibility of business is “to use its resources profits so long as it stays with the rules of the game…”?
  19. The concept that proposes private corporations have responsibilities to society that extend beyond making a profit is ……
  20. In the development of a SFAS matrix, the first step is to
  21. What question must managers ask concerning the relationship between economic logic and international strategy?
  22. An acronym for the assessment of the external and internal environments of the business corporation in the process of strategy formulation/strategic planning is
  23. Research suggests that strategic management evolves through four sequential phases in corporations. mgt 498 final exam The first phase is
  24. The technique that illustrates how management can match the external opportunities and threats with its strengths and weaknesses to yield four sets of strategic al
  25. One reason environmental uncertainty is a threat to strategic managers is because
  26. According to Porter, the corporation is most concerned with
  27. Sub optimization occurs when
  28. Continuous improvement is an operations concept develop in
  29. Who typically implements in large, multi industry corporations ?