Mgt 415 exam 1 Study guides, Class notes & Summaries

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 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 Chapter 1, Top Exam Questions and answers, 100% Accurate What is organization development (OD)? - -a system-wide application and transfer of behavioral science knowledge to the planned development, improvement, and reinforcement of the strategies, structures, and processes that lead to organization effectiveness What does OD apply to? - -(1) changes in the strategy, structure, and/or processes of an entire system, such as an organization, a single plant of a multi-plant fi...

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 Leadership Theories exam review, rated A+ descriptive - -identify contingency variables and leadership styles without directing which style to use in a given situation prescriptive - -tells users exactly which style to use in a given situation (here's how you do it, look/choose a quadrant) trait theory is - -descriptive behavior theory is - -descriptive situational theory is - -prescriptive contingency theory is - -prescriptive leadership is - -prescriptive man...

MGT 415 exam Review.100% Coverage. Graded A+ Business ethics concerns:--the application of general ethical principles to the actions and decisions of companies and the conduct of their personnel. Ethical principles in business:--are not materially different from ethical principles in general. Ethical principles as they apply to the conduct of personnel and business decisions:--deal primarily with the company’s duty to comply with legal requirements, conform to ethical norms of ...