Study guides, Class notes & Summaries

What does the VRIO framework stand for? Valuable- is the resource valuable?, rare- is the resource rare?, imitable- is the resource imitable?, organized- are there organizational processes in place to support valued resources? What are the 3 types of resources? Tangible, Intangible, Capabilities Brainpower Read More What king of resource does this describe? Spur's strong brand name Intangible What king of resource does this describe? reputation for a good steak Intangible What king ...

LATEST MNG3701 - STRATEGIC PLANNING : STRATEGIC ANALYSIS: ANALYZING THE EXTERNAL ENVIRONMENTS. UPDATED Importance of Analyzing the External Environment -Managers can mitigate threats. -Managers can leverage opportunities. -Gain understanding of potential impacts. -Understand the source / proximity of factors. The PESTEL Model -Groups environmental factors into six segments: --Political --Economic --Sociocultural --Technological --Ecological --Legal These factors can create: --O...

MNG3701 Exam Questions and ANSWER (19 Terms) Purpose of Business Organisation - Answer-* To the Entrepreneur it is the profit he makes from his business * To the consumer it is the value of the service or product * To employees it is their salary/wage earned * To an organization it can be selling shares to shareholders .S...

MNG3701 - Chapter 1 Reviewed Questions and Answers 2023. Purpose of Business Organisation * To the Entrepreneur it is the profit he makes from his business * To the consumer it is the value of the service or product * To employees it is their salary/wage earned * To an organization it can be selling shares to shareholders Stakeholders Any person or group of people that have (or claim to have) an interest in an organization and its activities. Stakeholder Expectations * Custo...

Purpose of Business Organisation - Answer-* To the Entrepreneur it is the profit he makes from his business * To the consumer it is the value of the service or product * To employees it is their salary/wage earned * To an organization it can be selling shares to shareholders .Stakeholders - Answer-Any person or group of people that have (or claim to have) an interest in an organization and its activities. .Stakeholder Expectations - Answer-* Customers - quality products and good service...

MNG3701 ASSIGNMENT 2 ANSWERS SEMESTER 1 2023

MNG3701 Assignment 2 Semester 1 2023

MNG3701 ASSIGNMENT 1 SEMESTER 1 2023

MNG3701 ASSIGNMENT 1 SEMESTER 2 2023./ MNG3701 ASSIGNMENT 1 SEMESTER 2.

MNG3701 Assignment 1 Semester 1 2023