Mgmt 3180 Cumulative Final Already Passed

Differentiation (Firm Strategy) {Ans: Does the strategy provide a distinct, differentiated, and sustainable position in the marketplace?}Balanced Scorecard {Ans: The method created to help businesses translate strategy into action by identifying the most critical measures to drive business success and linking long-term strategic goals with short-term operational actions (4 perspectives of business)}Drive to bond {Ans: Value collaboration and teamwork}Framing {Ans: Different representations of the same information that can significantly alter a decision}Personal power {Ans: Power that is obtained from having personal attributes that others desire}Implementable {Ans: Can the firm effectively execute the strategy?}