SM&P (MGT 4000-50) Final Exam Study Questions (chs1-11) Q&A (Summer 16)

SM&P (MGT 4000-50) Final Exam Study Questions (chs1-11) Q&A (Summer 16)

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27c6b1ee3f5ddeb3a20ba67edd388864edf7e9f9.docx Summer 2016 Strategic Management and Policy MGT 4000-50 Final Exam Study Questions David 15ed -- Chapters 1 -- 11 You will need to earn 480 points on the Final Exam to receive a grade of 100%. Therefore, the total of your points earned (limited to a maximum of 480) will be divided by 480 to determine your grade on the Final Exam. However, there will be a total of 600 points available on the Final Exam. That is 120 more points than you will need to earn a grade of 100%. (No extra credit will be given for earning more than 480 points.) Here are the 33 questions that will be on the Final Exam, which will be administered starting at 6:00 pm CDT on Thursday, June 23, 2016 in our DS 173 classroom. 1. The strategic-management process consists of three stages (please list them in order): (15 points) Ch 1 (David 15ed) p. 5-6 2. Describe the three activities that comprise strategy evaluation . (15 points) Ch 1 (David 15ed) p. 6 3. What is the definition of competitive advantage? (10 points) Ch 1 (David 15ed) p. 8 4. Why is it that a firm can sustain a competitive advantage normally only for a limited period of time? How can a firm best achieve sustained competitive advantage? [Please be certain to answer both questions.] (10 points) Page 1 of 11
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27c6b1ee3f5ddeb3a20ba67edd388864edf7e9f9.docx Summer 2016 Strategic Management and Policy MGT 4000-50 Final Exam Study Questions David 15ed – Chapters 1 -- 11 Ch 1 (David 15ed) p. 9 Page 2 of 11
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27c6b1ee3f5ddeb3a20ba67edd388864edf7e9f9.docx Summer 2016 Strategic Management and Policy MGT 4000-50 Final Exam Study Questions David 15ed – Chapters 1 -- 11 5. What is a “retreat”? Why do firms take the time and spend the money to have these? [Please be certain to answer both questions.] (10 points) Ch 1 (David 15ed) p. 14 6. Compare and contrast vision statements with mission statements in terms of composition and importance. Your answer should include the key question that is associated with each.
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  • Summer '16
  • Vincent
  • Management, exam study questions, David 15ed

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