MGT 3830 : Test One Review
Document Summary
Short answer questions: list four factors that can impact supplier power, identify the forces used in examining an external envirioment and the outcome of the this analysis, 6 powers, differentiate efficiency from effectiveness. Why is operational efficiency not a strategy for extracting value from the market place chapters one through five. 3 central questions regarding strategy: what is our present stitautions, where do we want to get from here, whhow are we going to get there. How do we answer them: internal and external analysis, output key success factors and key strengths an weaknesses, simple consisten long term goals, envisions future, low cost versus differentiation. We assess them collectively by how they are doing. Don"t fuck with strategic formulation or strategic implementation. Assessment: what is our present situation, pest analysis, where do we go, look at the different levels, business-level. How will we compete: functional level. How will we differentiate: individual level.
