View Test Prep - business 302 management concept week4 quiz 3 from BUSINESS 302 at Strayer University. Their goal is to fulfill the demands of a narrow market. Course Test Started Submitted Due Date Status Attempt Score … This may be useful to help set up a large block to match or clear a stubborn piece that is blocking your progress. About the Author: My name is Fred Nickols. An organization is experiencing ____ when there is a discrepancy between upper management's intended strategy and the strategy actually implemented by the lower levels of management. It all comes down to your goals and resources. Copyright 2020 Leaf Group Ltd. / Leaf Group Media, All Rights Reserved. Competitive or business strategy defines for a given business the basis on which it will compete. In order to complete the Gateway experience, students are required to pass two classes (Bus 302 and Bus 302L). Each company has distinctive needs and goals. The nature of strategic decisions tends to be value-oriented, conceptual and less concrete than decisions at the business or functional level. Strategy and tactics are both concerned with conceiving and then carrying out courses of action intended to attain particular objectives. This strategy allows you to target multiple customer segments and generate as much revenue as possible. This information contributes to effective management and provides a foundation for the continued study of management applications. There are at least three basic kinds of strategy with which people must concern themselves in the world of business: (1) just plain strategy or strategy in general, (2) corporate strategy, and (3) competitive strategy. While there are many other “forms” of structure, most are simply versions of the types of structures already covered in the chapter. Consequently, strategy in general is concerned with the relationships between ends and means, between the results we seek and the resources at our disposal. Andra Picincu is a digital marketing consultant with over 10 years of experience. My goals in writing for SmartDraw's Working Smarter blog are to: (1) provide you with some first-rate content you can't get anywhere else, (2) illustrate how important good visuals can be in communicating such content and (3) illustrate also the critical role visuals can play in solving the kinds of problems we encounter in the workplace. Get step-by-step explanations, verified by experts. 5 Games Like Firewatch If You’re Looking For Something Similar, FIFA 19 The Journey Champions: How Long it Is & How Many Chapters There Are, Bus Simulator 18: Tips & Tricks for 5 Star Journeys, Sims Holiday Gift Guide 2020 for the Dedicated Simmer, The Ultimate Final Fantasy Gift Guide for the Holidays, PS5 Recommended Settings, Data Transfer, & Account Setup Detailed in New Support Videos, Co-Op Puzzler PHOGS! This quiz has 5 questions worth 5 points each. Is Unleashed on All Platforms Next Month, Outriders Gets New Footage & Details on Technomancers, Post-Campaign Expeditions & More, Journey: How Long it Is and How Many Chapters There Are. Current and former clients include The HOTH, Bisnode Sverige, Nutracelle, CLICK - The Coffee Lover's Protein Drink, InstaCuppa, Marketgoo, GoHarvey, Internet Brands, and more. This helps increase brand awareness and ensures steady revenue. Over the past decade, she has turned her passion for marketing and writing into a successful business with an international audience. Your flower count needed for next level will go up (but you can place the items down again and get those flowers back later). business 302 management concept week5 quiz 4, business 302 management concept week 10 quiz 9, business 302 management concept week 9 quiz 8, business 302 management concept week4 quiz 3, business 302 management concept week 8 quiz7, business 302 management concept week7 quiz6, Strayer University, Rosedale • BUSINESS 309, Strayer University, Rosedale • BUSINESS BUS 402, Copyright © 2020. Competitive strategy hinges on a company's capabilities, strengths, and weaknesses in relation to market characteristics and the corresponding capabilities, strengths, and weaknesses of its competitors. Begin with About BUS 302L. Acquisition, cost leadership and differentiation are just a few to mention. She works closely with small businesses and large organizations alike to help them grow and increase brand awareness. A good example is Walmart, which purchases massive quantities of goods from suppliers so it can attract more customers and keep prices low. Even though both have similar goals, such as increasing revenue and customer acquisition, they are in different stages in their business development. Submitted Answers, Correct Answers, Feedback, Outline how an organizations resources will be use to, True or False: Strategy is understanding your world in detail, and then, Quiz 4: Week 5 videos and article (25 pts). Hand Trowel Use this to dig out (remove) a single tile from the board in any location. Provides a survey of fundamental management concepts and techniques. Key Terms. Results Displayed Submitted Answers Correct Answers Feedback Question 1 5 out, 225 out of 243 people found this document helpful. To make an informed decision, consider your objectives, values, mission, opportunities and constraints. Companies that implement a business-level strategy focus on delivering value to customers while positioning themselves within the industry. Nordstrom, for example, offers designer goods and excellent customer service, which gives it a competitive advantage. All stakeholders on both ends should be consulted, and agreements will often take many months or years to conclude. There are several business strategy types available and each has unique characteristics. Each business has a unique culture and distinctive characteristics. Its approach to marketing, sales, customer acquisition and other key aspects will reflect its values. Answer Selected Answer: Correct Answer: strategic dissonance Question 4 3 out of 3 points From a competitive standpoint, ____ means that the strategic actions your company takes can probably be matched by … What is happening in the larger, social, political, technical and financial environments? Corporate strategy is concerned with choices and commitments regarding markets, business and the very nature of the company itself. There are also 2 tools that you can use in game to help you win the levels. Learn vocabulary, terms, and more with flashcards, games, and other study tools. What products and services will we offer? This approach emphasizes quality over cost. Basic business strategies, such as product differentiation, cost leadership and market expansion, can be adjusted to suit your company’s resources and individual needs. BA 302 — Capacity & Demand Management. For a limited time, find answers and explanations to over 1.2 million textbook exercises for FREE! Home » Guides » Journey: How Long it Is and How Many Chapters There Are. What are the ends we seek? You have a one hour time limit to complete this, Principles, values, and standards that guide behavior, Out of the following elements, which one is most important regarding global corporate. According to Michael Porter, a Harvard Business School professor and the reigning guru of competitive strategy, competition within an industry is driven by five basic factors: Porter also indicates that, in response to these five factors, competitive strategy can take one of three generic forms: (1) focus, (2) differentiation, and (3) cost leadership. The high price is perceived as a sign of quality, which attracts wealthier customers. In a standard playthrough with an average amount of exploration, Journey can be completed in about two hours or so. Course Hero, Inc. You can take BUS 302L concurrently with BUS 302 or prior to taking BUS 302. You have a one hour time limit. The scarf upgrades you can obtain can also make the game much quicker as well as your character tends to move faster while in the air. What is our current strategy, implicit or explicit? The actual length can widely vary depending on a lot of factors. Results Displayed Submitted Answers Correct Answers Feedback Question 1 5 out. Bus no.302 is operated by B.E.S.T between Pratiksha Nagar Depot and M.P.Chowk Mulund / Mulund (W) Check Naka Bus Station / R Mall in . These include the following: The preceding discussion asserts that strategy in general is concerned with how particular objectives are achieved, with courses of action. Recognize how capacity issues impact wait, setup & queue times. These include: Michael Treacy and Fred Wiersema suggest that "value disciplines" should serve as the basis for settling on strategy (corporate or competitive). An integrated low-cost differentiation strategy allows organizations to quickly learn new skills and technologies while adapting to environmental changes. What courses of action might lead to the ends we seek? The purposes of this article are to clarify the differences between and among these three kinds of strategy and to provide some questions useful in thinking about all three.