Which of the following is not a key strategy question?
a. Who are our target customers?
b. What value do we offer them?
c. How can we create and deliver that value effectively and efficiently?
d. Will this strategy capture a dominant share of the market?
e. All are key strategy questions.
D
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Give an example of a country where significant regional differences have major implications for employment.
a. Africa b. United States c. China d. Mexico
Which of the following contributes to high project risk?
a. Probability of failure is low. b. If the project fails, the results can be easily rectified. c. The project is fully insured against failure. d. Consequences of project failure are serious.
A ________ team is one that consists of people from many different areas of expertise
A) Dispersed B) Dynamic C) Diverse D) None of the above
Highland Construction works primarily on new home construction but has become aware of new and potentially profitable construction activities in multi-home structures such as 20-unit apartment buildings
This type of construction would be a new activity for the firm. The President of the firm believes the firm could do a number of things related to this opportunity: 1. Do nothing, 2. Purchase new equipment to efficiently construct the larger buildings, 3. Lend their name to sub-contractors who would in turn do all of the construction but pay a royalty fee, or 4. Hire a larger work force to undertake the new projects in addition to their existing projects. If no additional work has been done regarding this new opportunity, what stage of the decision-making framework has been reached by the firm? A) Define the decision to be made and any related issues B) Determine the criteria to be used when evaluating alternatives C) Generate alternatives D) Decide on an alternative and begin implementation