MGMT 4513 Final Exam || with 100% Errorless Solutions.

MGMT 4513 Final Exam || with 100% Errorless Solutions.
Question : Strategic Management
Correct answer: the study of why some firms outperform
others
Question : Mission
Correct answer: statement explaining why a company exists.
both internal and external. No time frame.
Question : Vision
Correct answer: Crystallization of what leaders want firm to
be. Guides development of strategy and organization.
achievable within a time period. Internal except for slogans.
Question : Goals/ Strat. Plan
Correct answer: How to beat present and potential
competitors. Set of actions to provide products or services
that create more value than their cost. Constantly changing.
Internal use.

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