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MNG3701 - CASE STUDY: SPURCORP – VRIO (LATEST QUESTIONS AND ANSWERS) GUARANTEED PASS.
- Exam (elaborations) • 3 pages • 2024
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What does the VRIO framework stand for? 
Valuable- is the resource valuable?, rare- is the resource rare?, imitable- is the resource 
imitable?, organized- are there organizational processes in place to support valued 
resources? 
What are the 3 types of resources? 
Tangible, Intangible, Capabilities 
Brainpower 
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What king of resource does this describe? Spur's strong brand name 
Intangible 
What king of resource does this describe? reputation for a good steak 
Intangible 
What king ...
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LATEST MNG3701 - STRATEGIC PLANNING : STRATEGIC ANALYSIS: ANALYZING THE EXTERNAL ENVIRONMENTS. UPDATED
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LATEST MNG3701 - STRATEGIC 
PLANNING : STRATEGIC ANALYSIS: 
ANALYZING THE EXTERNAL 
ENVIRONMENTS. UPDATED 
Importance of Analyzing the External Environment 
-Managers can mitigate threats. 
-Managers can leverage opportunities. 
-Gain understanding of potential impacts. 
-Understand the source / proximity of factors. 
The PESTEL Model 
-Groups environmental factors into six segments: 
--Political 
--Economic 
--Sociocultural 
--Technological 
--Ecological 
--Legal 
These factors can create: 
--O...
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MNG3701 Exam Questions and ANSWER (19 Terms)
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MNG3701 Exam Questions and ANSWER (19 Terms) Purpose of Business Organisation - Answer-* To the Entrepreneur it is the profit he makes from his business 
* To the consumer it is the value of the service or product 
* To employees it is their salary/wage earned 
* To an organization it can be selling shares to shareholders 
 
.S...
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MNG3701 - Chapter 1 Reviewed Questions and Answers 2023.
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MNG3701 - Chapter 1 Reviewed Questions and Answers 2023. 
Purpose of Business Organisation 
* To the Entrepreneur it is the profit he makes from his business 
* To the consumer it is the value of the service or product 
* To employees it is their salary/wage earned 
* To an organization it can be selling shares to shareholders 
 
 
 
Stakeholders 
Any person or group of people that have (or claim to have) an interest in an organization and its activities. 
 
 
 
Stakeholder Expectations 
* Custo...
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MNG3701 Chapter 1
- Exam (elaborations) • 3 pages • 2023
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Purpose of Business Organisation - Answer-* To the Entrepreneur it is the profit he makes from his business 
* To the consumer it is the value of the service or product 
* To employees it is their salary/wage earned 
* To an organization it can be selling shares to shareholders 
 
.Stakeholders - Answer-Any person or group of people that have (or claim to have) an interest in an organization and its activities. 
 
.Stakeholder Expectations - Answer-* Customers - quality products and good service...
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MNG3701 ASSIGNMENT 2 ANSWERS SEMESTER 1 2023
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MNG3701 ASSIGNMENT 2 ANSWERS SEMESTER 1 2023
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MNG3701 Assignment 2 Semester 1 2023
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MNG3701 Assignment 2 Semester 1 2023
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MNG3701 ASSIGNMENT 1 SEMESTER 1 2023
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MNG3701 ASSIGNMENT 1 SEMESTER 1 2023
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MNG3701 ASSIGNMENT 1 SEMESTER 2 2023./ MNG3701 ASSIGNMENT 1 SEMESTER 2.
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MNG3701 
ASSIGNMENT 1 SEMESTER 2 2023./ MNG3701 
ASSIGNMENT 1 SEMESTER 2.
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MNG3701 Assignment 1 Semester 1 2023
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MNG3701 Assignment 1 Semester 1 2023