WGUl C483l Examl Guidel (Latestl 2025/l 2026l Update)l Principlesl ofl Managementl |l Questionsl &l Answers|l Gradel A|l 100%l Correctl (Verifiedl Solutions)
Q:l Businessl Strategy
Answer:
Thel majorl actionsl byl whichl anl organizationl buildsl andl strengthensl itsl competitivel positionl inl thel marketplace.l Thel majorl actionsl byl whichl al businessl competesl inl al particularl industryl orl market.
Q:l Functionall strategy
Answer:
Strategiesl implementedl byl eachl functionall areal ofl thel organizationl tol supportl thel organization'sl businessl strategy.
Q:l Strategyl Implementationl Steps
Answer:
Stepl 1:l Definel strategicl tasks.l Articulatel inl simplel languagel whatl al particularl businessl mustl dol tol createl orl sustainl al competitivel advantage.l Definel strategicl tasksl tol helpl employeesl understandl howl theyl contributel tol thel organization,l includingl redefiningl relationshipsl amongl thel partsl ofl thel organization.
Stepl 2:l Assessl organizationl capabilities.l Evaluatel thel organization'sl abilityl tol implementl thel strategicl tasks.l Al taskl forcel typicallyl interviewsl employeesl andl managersl tol identifyl specificl issuesl thatl helpl orl hinderl effectivel implementation.l Thenl thel resultsl arel 1 / 3
summarizedl forl topl management.l Inl thel coursel ofl yourl career,l youl willl likelyl bel askedl tol participatel inl al taskl force.l
Stepl 3:l Developl anl implementationl agenda.l Managementl decidesl howl itl willl changel itsl ownl activitiesl andl procedures;l howl criticall inter-dependenciesl willl bel managed;l whatl skillsl andl individualsl arel neededl inl keyl roles;l andl whatl structures,l measures,l information,l andl rewardsl mightl ultimatelyl supportl thel neededl behavior.l Al philosophyl statement,l communicatedl inl termsl ofl value,l isl thel outcomel ofl thisl process.
Stepl 4:l Createl anl implementationl plan.l Thel topl managementl team,l thel employeel taskl force,l andl othersl developl thel implementationl plan.l Thel topl managementl teaml thenl monitorsl progress.l Thel employeel taskl forcel continuesl itsl workl byl providingl feedbackl aboutl howl othersl inl thel organizationl arel respondingl tol thel changes.
Q:l Strategicl controll system
Answer:
Al systeml designedl tol supportl managersl inl evaluatingl thel organization'sl progressl regardingl itsl strategyl and,l whenl discrepanciesl exist,l takingl correctivel action
Q:l Situationall analysis
Answer:
Al processl plannersl use,l withinl timel andl resourcel constraints,l tol gather,l interpret,l andl summarizel alll informationl relevantl tol thel planningl issuel underl consideration
Q:l Thel Basicl Planningl Process
Answer:
Stepl 1:l Situationall Analysis
Stepl 2:l Alternativel Goalsl andl Plans
Stepl 3:l Goall andl Planl Evaluationl
Stepl 4:l Goall andl Planl Selection 2 / 3
Stepl 5:l Implementation
Stepl 6:l Monitorl andl Control
Q:l Contingencyl plans
Answer:
Setsl ofl actionsl tol bel takenl whenl al company'sl initiall plansl havel notl workedl welll orl ifl eventsl inl thel externall environmentl requirel al suddenl change.
Q:l Thel planningl levell withl thel shortestl timel horizonl isl knownl asl _____l planning.
Answer:
Operationall (<1l year)
Q:l Thel planningl levell withl thel longestl timel horizonl isl knownl asl _____l planning.
Answer:
Strategicl (3-7l years)
Q:l Thel planningl levell withl al moderatel timel horizonl isl knownl asl _____l planning.
Answer:
Tacticall (1-2l years)
Q:l Inl al SWOTl analysis,l thel absencel ofl reliablel suppliersl wouldl bel consideredl asl
a(n):
- / 3