BUSI 400 Learnsmart Chapter 1 Liberty University Complete Answers

BUSI 400 Learnsmart Chapter 1 Liberty University Complete Answers

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A firm’s vision, mission, and strategic objectives are used to develop specific goals, which form the basis for its .

The ___ view of leadership assumes that the organization's leader is the driving force in the success or failure of the business.

Managers must take a(n) ______ view of the organization and assess how functional areas and activities fit together so that they organization can achieve its goals and objectives.

Strategic management adheres to the perspective that what might be seemingly ideal for one functional area of an organization might not be in the best interest of the total organization. This perspective is known as .

When formulating international strategies, managers must determine the best ______ strategy and how to attain a competitive advantage.

The view of leadership assumes that outside factors, over which the leader has limited influence, positively or negatively affect a firm's success.

Analyzing a firm's strengths and relationships within its value chain can uncover potential sources of its competitive .

Which of the following are characteristics of a well-written organizational vision statement?

Which of the following statements regarding corporate-level strategy's focus are correct?

Corporate governance is the relationship among ______ in determining the direction and performance of corporations.

A firm's _____ assets, such as patents, are becoming increasingly important to creating a firm's competitive advantage.

_____ strategies are those organizational decisions that follow from analysis and rarely survive in their original forms.

The ______ view of stakeholder management views the management process as groups competing for the organization's resources.

In terms of analyzing the external environment of the firm, the industry environment consists of ________ and other organizations that may threaten the company's success.

Managers execute or implement their decisions as ______ in the third step of the strategic management process.

Analyzing the firm’s environment, such as operations, may uncover potential sources of competitive advantage.

Which of the following are social responsibility expectations that go beyond a firm’s product and service quality?

The process consists of the analyses, decisions, and actions an organization undertakes in order to create and sustain competitive advantages.

In order for strategic objectives to be meaningful they need to be .

Which of the following are analyzed during the analysis process of strategic management?

Match the type of leader (on the left) with the corresponding description (on the right).

Which of the following is the most inclusive term for the individuals, groups, and organizations that have a claim in the success of an organization?

Financial markets often place an emphasis on managers meeting _______ performance goals.

Which of the following are needed in order for entrepreneurial initiatives to be successful?

Strategic management is directed toward the organization’s overall organizational and .

statements, like vision statements, should be massively inspiring to an organization’s main stakeholders and include the purpose of the organization, its scope of operations, and the basis of its competitive advantage.