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MGT 230_ BUSINESS STRATEGY GAME QUIZ 2 REVIEW_ Version 1 STRAYER UNIVERSITY

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Which of the following is not among the principal managerial tasks associated with implementing and executing a company's strategy?

****Surveying employees on how they think costs can be reduced and how employee morale and job satisfaction can be improved

Which one of the following questions is not something that company managers should consider in choosing to pursue one strategic course or directional path versus another?

Do we have a better business model than key rivals?

A set of "stretch" financial and strategic objectives helps a company avoid ho-hum results.

A company's overall strategy

-consists of a strategic vision, a set of strategic objectives, a declared strategic intent, and the actions and approaches a company intends to take in achieving a sustainable competitive advantage.

Masterful strategies come from

doing things differently from competitors where it counts--out-innovating them, being more efficient, adapting faster--rather than running with the herd.

The primary roles/obligations of a company's board of directors in the strategy-making, strategy-executing process include

critically appraising the company's direction, strategy, and business approaches and evaluating the caliber of senior executives' strategy-making and strategy-executing skills. Which of the following are characteristics of an effectively-worded strategic vision statement?

Feasible, memorable, makes good business sense, and has some wiggle room A company exhibits strategic intent when

it relentlessly pursues an ambitious strategic objective, concentrating the full force of its resources and competitive actions on achieving that objective.

Perhaps the most reliable way for a company to improve its financial performance over time is to recognize that a balanced scorecard approach to measuring company performance has

much to recommend because pursuing and achieving strategic outcomes that boost a company's competitiveness and strength in the marketplace puts it in better position to improve its future financial performance.

Which one of the following is not one of the five tasks that comprise the strategy-making, strategy-executing process?

Developing a profitable business model

The difference between a company's mission statement and the concept of a strategic vision is that

the strategic vision portrays a company's future direction ("where we are going") whereas a company's mission typically describes its present business and purpose ("who we are, what we do, and why we are here").

A company's values relate to such things as

fair treatment, honor and integrity, ethical behavior, innovativeness, teamwork, a passion for top-notch quality or superior customer service, social responsibility, and community citizenship.

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[Solved] MGT 230_ BUSINESS STRATEGY GAME QUIZ 2 REVIEW_ Version 1 STRAYER UNIVERSITY

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Which of the following is not among the principal managerial tasks associated with implementing and executing a company's strategy? ****Surveying employees on how they think costs can be reduced and how employee morale and job satisfaction can be improved Which one of the following questions is not something that company managers should consider in choosing to pursue one strategic course or directional path versus another? Do we have a better business model than key rivals? A set of "stretch" financial and strategic objectives helps a company avoid ho-hum results. A company's overall strategy -consists of a strategic vision, a set of strategic objectives, a declared strategic in...
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MGT 230_ BUSINESS STRATEGY GAME QUIZ 2 REVIEW_ Version 1 STRAYER UNIVERSITY

Which of the following is not among the principal managerial tasks associated with implementing and executing a company's strategy? ****Surveying employees on how they think costs can be reduced and how employee morale and j...

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