MGM101H5 Study Guide - Midterm Guide: Human Resource Management

• School: UTM
• Department: Management
• Course: MGM101H5
• Professor: Dave Swanston

Document Summary

Test #3 short answer questions section 101: an organization"s strategy should be influenced by their assessment of market conditions and their internal capabilities. Describe your bizcafe team"s strategy, and provide an example of both an internal and external condition present in the simulation that influenced your choice of strategy. (3 marks) One mark for explaining their bizcafe team"s strategy. One mark for identifying an appropriate internal condition and one mark for identifying an appropriate external condition that affected their choice of strategy. Note: many possible answers and looking for responses that demonstrate student"s participation in, and understanding of the simulation. Must be specific and accurate for full marks. Connection between the conditions and their impact on strategy must be made. Strategies could include discount or low price, premium quality or service, welcoming and relaxing atmosphere, etc . Internal conditions could include availability of financial resources, capacity restrictions, management objectives/preferences, etc .