Strategic Management and Product Attribute Design

1359 WordsOct 19, 20146 Pages
WPC EXAM 1 WISH YOU GOOD LUCK! (Q1) According to the lecture on Scenario Development, what are the two basic methods of obtaining an informational interview? Correct Answer: Be referred and a cold call based on research (Q2) According to the lecture on Product Attribute Design, the “product test market” portion of the Career Cycle involves: Correct Answer: Getting your first job (Q3) Which of the following terms BEST fits the following definition by Anders Ericsson: "an action or practice designed to improve specific parts of a performance”? Correct Answer: deliberate practice Q4 According to the lecture on Product Attribute Design, which of the following are listed on the National Association of…show more content…
The Threat of Exit Once you land a job, thank the people that helped you in your job search process. True Q41 The strategy founded by former venture capitalist Peter Sims to try many, low-risk approaches and learning from feedback is known as little bets According to the article on Strategic Planning, at what point in the strategic process do many plans fail? Monitoring plan implementation The musician Jordan’s practice approach is BEST described as repeating the same material for years until he has completely mastered it. False Which of the following descriptions best defines a “job” according to organizational behaviorist Amy Wrzesniewski? work obtained simply for financial security Which of the following terms best summarizes the idea that money indicates success and value? financial viability rule According to the lecture on Applied Strategic Thinking, an ‘Essential Question’ to ask is “Why Am I Doing This?” True According to the article Five Years to B-School, by the end of your first year you should have? Found a few mentors who have given you a better idea about the jobs you might like to do in the future In the article on Strategic Planning, what company’s mission statement is used as a good example of business purpose? Nike According to the lecture on Product Attribute Design, which of these is NOT a component
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