MGMT210 - Comprehensive Exam Questions

MGMT210 - Comprehensive Exam Questions - Ashwin Satish MGMT...

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Ashwin Satish MGMT 210 – 101 Comprehensive Exam Questions – 12/09/10 1. CEO Cultures – They can practice any type of culture, but no one person is the same and the approach a CEO takes should be completely dependent on how he or she thinks employees will adjust to that approach. There are always pro’s and con’s of each, but a great CEO will listen to their employees to determine changes. They take advice from others and listen to what everyone else has to say before making a decision. The more motivated a CEO is, the more motivated his employees will be too. 2. Business Plan - Does it really make sense to dive into a new business without a business plan? No, it does not. The most important aspect of a business is its business plan. This helps in management to communicate set goals – where do you want to be in a year, focus your resources more effectively – how much do you need, when will you turn this around, administer risks – how will you overcome consequences of a failed risk and “woo” your customers – what is the market and customer base. The Management Team in and of itself is the most integral part of a business plan; you want the leaders to be people who will not
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MGMT210 - Comprehensive Exam Questions - Ashwin Satish MGMT...

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