Organizing strategy and entrepreneurship Study guides, Class notes & Summaries

Marketing Strategy deals with pricing, selling, and producing a product. correct answers False Some strategies to avoid include the follow the leader strategy, the arms race, and do everything strategy. correct answers True Stage I of corporate development is completely centralized in the entrepreneur, who founds the company to promote an idea. correct answers True Six Sigma is an analytical method for achieving near-perfect results on a production line. correct answers True The proc...

Idealist Motivation - correct answer (INNOVATION) Small-business owners who are rewarded by the chance to work on something new and creative. Optimizer Motivation - correct answer (FULFILLMENT) Owners who get personal satisfaction from being business owners. Hard Worker Motivation - correct answer (CHALLENGE) Owners who thrive on the challenge of building a larger, more profitable business Ju...

MGMT 3850 CHAPTER 16 HOMEWORK QUESTIONS AND ANSWERS Essentials of Entrepreneurship & Small Business Mgmt., 7e (Scarborough) Chapter 16 Building a Team and Management Succession 1) is the process of influencing and inspiring others to work to achieve a common goal and then giving them the power and the freedom to achieve it. A) Management B) Organizing C) Leadership D) Coordination Answer: C Diff: 1 Page Ref: 610 AACSB: Reflective Thinking Learning Obj.: 1 2) Leadership is: A) essen...

WGU C483 Principles of Management - (Pre-Assessment) Industry and market analysis, competitor analysis, and social analysis are examples of which step in the strategic planning process? Analysis of external opportunities and threats Skilled management, positive cash flow, and well-known brands are examples of which component of the SWOT analysis? Strengths What denotes skills or expertise in an activity that constitutes the roots of competitiveness in an organization? Core competencies Ac...

Delivery of products or services - ANSWER-A value chain is the sequence of activities that begins with raw materials. What result does a value chain end with? Choose 1 answer Supply and demand Operations and logistics Outsourcing or insourcing Delivery of products or services Profit margins are increased. - ANSWER-What happens when an effective value chain is created? Choose 1 answer Profit margins are increased. A mission statement is developed. Customized products are stand...

MGMT 3850 CHAPTER 16 HOMEWORK QUESTIONS AND ANSWERS Essentials of Entrepreneurship & Small Business Mgmt., 7e (Scarborough) Chapter 16 Building a Team and Management Succession 1) ________ is the process of influencing and inspiring others to work to achieve a common goal and then giving them the power and the freedom to achieve it. A) Management B) Organizing C) Leadership D) Coordination Answer: C Diff: 1 Page Ref: 610 AACSB: Reflective Thinking Learning Obj....

BUS 1101 QUESTIONS AND ANSWERS GRADED QUIZZES "The interests of one person should never take precedence over what is best for the company as a whole" is an explanation of which of Fayol's principles of management:Subordination of individual interest. A difference between management and leadership can be defined in the following way: Management is getting things done, and leadership is inspiring action taken by others. A way to test ideas in small steps is: Experimentation. ...

organization - correct answer systematic arrangement of people brought together to accomplish some specific purpose. 3 common characteristics of organizations - correct answer every organization has a purpose and is made up of people who are grouped in some fashion. no purpose or goal can be achieved without people making decisions to establish the purpose and performing a variety of activities to make the goal a reality. all org...

Industry and market analysis, competitor analysis, and social analysis are examples of which step in the strategic planning process? - answerAnalysis of external opportunities and threats Skilled management, positive cash flow, and well-known brands are examples of which component of the SWOT analysis? - answerStrengths What denotes skills or expertise in an activity that constitutes the roots of competitiveness in an organization? - answerCore competencies According to Michael Porter's c...

MGMT 3850 CHAPTER 16 HOMEWORK QUESTIONS AND ANSWERS Essentials of Entrepreneurship & Small Business Mgmt., 7e (Scarborough) Chapter 16 Building a Team and Management Succession 1) ________ is the process of influencing and inspiring others to work to achieve a common goal and then giving them the power and the freedom to achieve it. A) Management B) Organizing C) Leadership D) Coordination Answer: C Diff: 1 Page Ref: 610 AACSB: Reflective Thinking Learning Obj.: 1 2) Leadership...