Bus 433 Complete Week 1 Quiz and Dqs

BUS 433 Complete Week 1 Quiz and DQs

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BUS 433 Week 1 DQ 1 Nature of Strategic Planning
Nature of Strategic Planning. In a 250-300 word post, answer the following questions: What is strategic planning? How does it differ from other forms of planning? Why is the strategic planning process important to entrepreneurs in starting a new venture? Respond to at least two of your classmates’ postings.
BUS 433 Week 1 DQ 2 Strategic and Entrepreneurial Thinking
Strategic and Entrepreneurial Thinking. In a 250-300 word post, respond to the following: Provide a definition of entrepreneurial thinking. What role does entrepreneurial thinking play in strategic planning? Respond to at least two of your classmates’ postings.
BUS 433 Week 1 Quiz
1.Question :To make winning moves, managers must find _______ and ______ that meet customer demands.
sales, products
business models, products
profitable patterns, business models
business models, sales
2.Question :What a company currently is best at is incorporated into its _____________.
vision
mission
goals
objectives
3.Question :_____________ strategies differ from _______________ ones.
 
Original, adapted
Original, realized
Realized, intended
Intended, original
4.Question :Changes in the rules of the “game” of strategy occur not only because of variations in the legal and ethical climate, but also because of changes in technology and __________.
competition
economics
laws
ergonomics
5.Question :To achieve sustained competitive advantage, a manager must
Lower prices
Locate in another territory
Meet customer demands
Have presence on the Internet
6.Question :A strategic inflection point may arise from
new technologies
transformations in competitor values and preferences
constant regulatory conditions
all of the above
7.Question :
Which of the following is NOT a mechanism to protect a firm’s sustained competitive advantage (SCA)?
The industry structure
Peculiar configurations of resources,...