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business
management fundamentals concepts

Questions and Answers of Management Fundamentals Concepts

What are the grand strategies?
Why is a company situation analysis part of the strategic planning process?
What is the relationship between the mission statement and developing strategies?
Which planning levels and their strategies are part of strategic planning?
Is there a difference between a plan and a strategy?
What are the five planning dimensions?
Describe a situation in which a contingency plan is appropriate. Explain the plan.
Give an example of a program you were involved in at work.
Give an example of a strategic objective and an operational objective from an organization you work for or have worked for.
What type of managers were used heavily on this project? Distinguish their responsibilities.
Using the model for writing objectives, write one or more objectives for an organization you work for or have worked for, making sure they meet the “must” criteria.
State one or more goals of an organization you work for or have worked for.
Does a business you work for or have worked for have one or multiple lines of business? List the line(s).
List a couple of the major strengths and weaknesses of an organization you work for or have worked for.
Did Lilly Pulitzer enter a licensing contract with Target?
Was Targets management ultimately effective during this launch?
Please rate the customer value on a scale of 1 (low)-10 (high) with regards to the Lilly Pulitzer collection at Target.
Do you think Lilly Pulitzer Company is satisfied by this outcome?
If you were in charge of operations for these collaborations, what type of decisions would you have made during the creation and launch of the line?
How could Target have utilized steps 4 – 6 in the decision-making model with their inventory to have a more successful launch?
When Target deactivated their website, what type of decision did they make? Explain?
What is the role of intuition in decision making? Should managers use more objective or subjective intuition techniques when making decisions?
Are creativity and innovation really important to all types of businesses? Is it important to evaluate a creative idea before it becomes an innovation?
Are problem solving and decision making really all that important? How do you rate your decision-making ability?
When is the intuition commonly used?
When is the cost-benefit analysis commonly used?
What quantitative techniques are commonly used to compare alternatives?
Why are generating and analyzing alternatives separate steps in the decision-making model?
What is the major difference between nominal grouping and consensus mapping?
Would a maximum price of $1,000 to spend on a stereo be an objective or a criterion?
Is a decrease in sales and/or profits a symptom or a cause of a problem?
What is the current trend concerning the use of groups to solve problems and make decisions?
Why is it necessary to determine the decision structure and decision-making conditions?
What is the relationship among the management functions, problem solving, and decision making?
Give examples from an organization you work for or have worked for of decisions that might appropriately be analyzed using the quantitative techniques of break-even analysis, capital budgeting,
Is it too difficult and time consuming to engage in global sourcing?
What are the nine dimensions of Project GLOBE?
What are three practices used to promote diversity?
When dealing with people with disabilities, what should be the focus?
If you were to start your own small business, would you most likely use contracting, strategic alliances, joint ventures or direct investment?
What do international and multinational companies have in common?
Which country has the foreign trade advantage based on exchange rates?
How do you feel about taking an international assignment? What countries would be more appealing to you?
What are the six major trade agreements?
First state the types of diversity where you work(ed). Next, describe how it has affected you personally by being discriminated against, including being unfairly treated through being criticized or
Give an example of cultural diversity you encountered, preferably at work.
What are the four trade barriers?
Describe a company’s policies and practices for promoting diversity, preferably a business you work(ed) for.
Explain how diversity is important to your current or past workplace.
Select a business that uses strategic alliances, joint venture, and/or direct investment globally.
Select a business you buy from that used contract manufacturing to make your product.
Select a business you buy from that has a global license or franchise.
Would you be willing to pay more for the same product made domestically than abroad? For example, if Nike made sneakers in America and sold them for $125 and made them abroad and sold them for $100,
Give an example of how a domestic company benefits from trade barriers.
Do you try to buy American products? Should you?
Classify a business you work for or have researched as domestic, international, or multinational. If the business is international or an MNC, list some of the countries in which it does business.
What is a learning organization? Should a manager create one?
What is the difference between a strong and weak organizational culture, and which is preferable?
What are some ways in which businesses are going “green”?
What are the levels of culture?
What are the components of the systems process?
What are the levels of moral development?
What is the external environment?
What are the five artifacts of organizational culture?
How is quality determined, and why do people buy products?
What are the factors within the internal environment?
Give at least two organizational examples of unethical behavior and the justification that was used in each instance.
What are the benefits to having Jiffy Lube University?
Does teaching a universal approach to sales help management or hurt management? Explain your answer.
Explain how the management training contributes the four management functions; planning, organizing, leading and controlling.
How does Jiffy Lube University develop interpersonal skills?
Which management resources did Jiffy Lube Utilize? Explain.
When an employee is promoted to a manager, do most organizations provide some type of training? Should they? Why or why not?
What are the objectives of this book?
What are a manager’s resources?

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