In Evaluating Proposed or Existing Strategies Managers Should

question 36

Multiple Choice

In evaluating proposed or existing strategies managers should

• A)initiate new initiatives even though they don't seem to match the company's internal and external situation.
• B)scrutinize the company's existing strategies on a regular basis to ensure they offer a good strategic fit, create a competitive advantage, and result in above-average performance.
• C)evaluate the firm's business model at least every three years.
• D)ensure core capabilities are incorporated for establishing a competitive advantage.
• E)align existing strategies with new strategies to emphasize incremental gains.

Recognize the significance of branding and the differences between brand types.

Understand leasing agreements, factors affecting leasing costs, and pros and cons of leasing.

Understand the concepts of leasing and purchasing vehicles, including the financial terminologies involved.

Describe the steps involved in the purchasing process, from problem identification to post-purchase activities.

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Definitions:

Diligence

Careful and persistent work or effort.

Biases Minimized

Efforts made to reduce or eliminate personal prejudices or preferences that could affect judgment or decision-making.

Listening Skill

The capability to precisely understand and decipher messages throughout the process of communication.

Listening Process

A multi-step procedure involving receiving, understanding, evaluating, remembering, and responding to spoken messages.