BPL 5100 STUDY GUIDE EXAM 2026
QUESTIONS WITH SOLUTIONS GRADED A+
◉ elaboarate: analyses, decisions and acitons taken during stratregic
management Answer: analyses: analyzing the strategic goals (vision,
mission)
decisions: what industries should we compete in? how should we
compete in those industries?
actions: implementing their strategies
◉ what are the attributes of strategic management? (4) Answer: 1.
directs the org towards oveall goals/obj
2.inlcudes multiple stakeholders in deicison making
3.needs to incorporate *short and long term perspectives*
4.recog trade-offs between effciency and effectiveness
, ◉ what is opeartional effectiveness Answer: performing simliar
acitivies *better* than rivals
ex: benchmarking, business process reegineering
◉ strategic management can be referred to as the study of why some
firms outperform others (T/F) Answer: T
◉ operationsal effectiveness leads to sustainable competitve
advantages (T/F) Answer: F
operational effectiveness is doing what everyone else is doing
to gain a sustainable competitve advantage, you must be *different*
*different* = strategy
◉ strategy is all about being different (T/F) Answer: T
◉ what are the 3 key strategic management processess? Answer:
strategic analysis
straegic formulation
QUESTIONS WITH SOLUTIONS GRADED A+
◉ elaboarate: analyses, decisions and acitons taken during stratregic
management Answer: analyses: analyzing the strategic goals (vision,
mission)
decisions: what industries should we compete in? how should we
compete in those industries?
actions: implementing their strategies
◉ what are the attributes of strategic management? (4) Answer: 1.
directs the org towards oveall goals/obj
2.inlcudes multiple stakeholders in deicison making
3.needs to incorporate *short and long term perspectives*
4.recog trade-offs between effciency and effectiveness
, ◉ what is opeartional effectiveness Answer: performing simliar
acitivies *better* than rivals
ex: benchmarking, business process reegineering
◉ strategic management can be referred to as the study of why some
firms outperform others (T/F) Answer: T
◉ operationsal effectiveness leads to sustainable competitve
advantages (T/F) Answer: F
operational effectiveness is doing what everyone else is doing
to gain a sustainable competitve advantage, you must be *different*
*different* = strategy
◉ strategy is all about being different (T/F) Answer: T
◉ what are the 3 key strategic management processess? Answer:
strategic analysis
straegic formulation
