BPL 5100 EXAM SCRIPT 2026 COMPLETE
QUESTIONS SOLUTIONS VERIFIED GRADED A+
◉ Strategy. Answer: ideas. decisions, and actions that enable a firm
to succeed. (Analyze, formulate, implementate, evaluate)
◉ Levels of strategy. Answer: 1. corporate (where we going,
businesses?)
2. competitive (how are we going to compete?)
3. Functional (resources/capabilities)
◉ Effective Strategic leadership. Answer: 1. set vision
2. exploiting core competencies
3. develop human capital
4. creating strong org. culture
5. balanced controls
6. ethical practices
◉ Competitive advantage. Answer: a firm's resources and
capabilities that enable it to overcome the competitive forces in its
industry
, ◉ Strategic Competitiveness. Answer: 1. internal org: What a firm
can do (challenge: managers face uncertainty, proprietary tech,
changes in economic & politics, societal values, environment)
2. External envir: firm might do
◉ Core Competence. Answer: Unique set of lasting capabilities that a
co. relies on to achieve competitive adv. and add value (must be:
Valuable, rare, costly-to-imitate, non-substitutable capabilities).
◉ Operational effectiveness. Answer: performing similar activities
better than rivals
◉ External control view of leadership. Answer: situations in which
external forces- where the leader has limited influence determine
the organization's success
◉ Romantic view of leadership. Answer: situations in which the
leader is the key force determining the organization's success -or
lack thereof
◉ 4 Key attributes of Strategic Management. Answer: -Directs the
organization toward overall goals and objectives
-Includes multiple stakeholders in decision-making
-Needs to incorporate sh-term l-term perspectives
QUESTIONS SOLUTIONS VERIFIED GRADED A+
◉ Strategy. Answer: ideas. decisions, and actions that enable a firm
to succeed. (Analyze, formulate, implementate, evaluate)
◉ Levels of strategy. Answer: 1. corporate (where we going,
businesses?)
2. competitive (how are we going to compete?)
3. Functional (resources/capabilities)
◉ Effective Strategic leadership. Answer: 1. set vision
2. exploiting core competencies
3. develop human capital
4. creating strong org. culture
5. balanced controls
6. ethical practices
◉ Competitive advantage. Answer: a firm's resources and
capabilities that enable it to overcome the competitive forces in its
industry
, ◉ Strategic Competitiveness. Answer: 1. internal org: What a firm
can do (challenge: managers face uncertainty, proprietary tech,
changes in economic & politics, societal values, environment)
2. External envir: firm might do
◉ Core Competence. Answer: Unique set of lasting capabilities that a
co. relies on to achieve competitive adv. and add value (must be:
Valuable, rare, costly-to-imitate, non-substitutable capabilities).
◉ Operational effectiveness. Answer: performing similar activities
better than rivals
◉ External control view of leadership. Answer: situations in which
external forces- where the leader has limited influence determine
the organization's success
◉ Romantic view of leadership. Answer: situations in which the
leader is the key force determining the organization's success -or
lack thereof
◉ 4 Key attributes of Strategic Management. Answer: -Directs the
organization toward overall goals and objectives
-Includes multiple stakeholders in decision-making
-Needs to incorporate sh-term l-term perspectives
