MGT 5 - 3DIAMT2 Quiz

It is one of the elements of strategic management wherein a company has to continually make adjustments to its strategic management process, even if its goal is to maintain its current level of profitability.

• External Factors

• Forecasting

• Finance

• Process

It is an ongoing iterative process of implementing an organization's strategies through proper analysis and evaluation to achieve goals and gain competitive edge.

• Strategic Management

• Strategy

• Goal Setting

• Analysis

It is the process of managing change in a structured, thoughtful way in order to meet organizational goals, objectives, and missions.

• Strategy Formulation

• Strategic Management

• Strategic Change Management

• Strategy Evaluation

It is a framework used to evaluate a company's competitive position.

• PESTLE Analysis

• SWOT Analysis

• Kotter's Change Model

• Strategy Model

It is a technique producers use to forecast and plan how to satisfy customers' demand for various goods or services.

• Benefits Management

• Strategic Management

• Demand Management

• Change Management

It is one of the characteristics of Demand Management wherein technique producers use to forecast and plan how to satisfy customers' demand for various goods or services.

• Planning

• Forecasting

• Evaluation

• Formulation

It can be defined as the study of the decision-making behaviour of individuals, companies, and households regarding allocating their resources.

• Macroeconomics

• Microeconomics

• Economics

• Entrepreneurship

It is the process of identifying, defining, planning, tracking, and realising these advantages. It is all about making sure that you extract perks from the outputs and outcomes of your project.

• Demand Management

• Benefits Management

• Strategic Management

• Business Management

A person who is responsible for directing and overseeing transitional arrangements into business as usual, and embedding new capability to deliver anticipated benefits.

• Business Change Agent

• Project Manager

• Senior Responsible Owner

• Board Member

It the application of processes, methods, skills, knowledge and experience to achieve specific project objectives according to the project acceptance criteria within agreed parameters.

• Benefits Management

• Demand Management

• Project Management

• Strategic Management