LSUS MBA 701 COMPREHENSIVE STUDY GUIDE 2026
FULL QUESTIONS AND SOLUTIONS GRADED A+
● Resource-Based View. Answer: Strategic perspective viewing firm as bundle of resources
and capabilities driving competitive advantage
● Business Strategy. Answer: Long-term plan defining how organization will compete,
achieve objectives, and create value for stakeholders
● MBA 701. Answer: Louisiana State University Shreveport foundational graduate business
course covering core management concepts, theories, and analytical frameworks
● Bargaining Power of Suppliers. Answer: Extent to which suppliers can influence terms,
prices, and conditions affecting company costs
● Core Competencies. Answer: Unique capabilities and resources providing competitive
advantage and difficult for competitors to imitate
● Servant Leadership. Answer: Philosophy prioritizing employee development and welfare
to achieve organizational goals
● Threat of New Entrants. Answer: Likelihood of new competitors entering market
influenced by barriers to entry and incumbent reactions
● Horizontal Integration. Answer: Acquiring or merging with competitors at same industry
level expanding market share
● Internal Analysis. Answer: Examination of organization's resources, capabilities, core
competencies, and value chain activities
● Positioning. Answer: Creating distinct image and identity in customers' minds relative to
competitors
● Corporate Strategy. Answer: Overarching approach determining which businesses to
compete in and how to manage portfolio
● Threat of Substitutes. Answer: Risk of alternative products or services satisfying same
customer needs differently
, ● Value Creation. Answer: Process of generating worth exceeding costs through products,
services, or business model innovation
● Merger. Answer: Combination of two companies forming new legal entity sharing
ownership and operations
● SWOT Analysis. Answer: Strategic planning technique identifying Strengths, Weaknesses,
Opportunities, and Threats affecting organization
● Leadership. Answer: Process of influencing and guiding people toward achieving
organizational goals through vision and motivation
● Sustaining Innovation. Answer: Incremental improvements to existing products
maintaining market leadership
● Functional Structure. Answer: Organization design grouping employees by specialized
functions or departments
● PESTEL Analysis. Answer: Framework examining Political, Economic, Social,
Technological, Environmental, and Legal factors affecting business
● Inorganic Growth. Answer: Expansion through mergers, acquisitions, or partnerships
rather than internal development
● Organizational Culture. Answer: Shared values, beliefs, and norms influencing behavior
and decision-making throughout company
● Cash Flow Statement. Answer: Report tracking cash inflows and outflows from operating,
investing, and financing activities
● Industry Analysis. Answer: Systematic examination of industry structure, trends,
profitability, and competitive dynamics
● Corporate Governance. Answer: System of rules, practices, and processes directing and
controlling company
● Red Ocean Strategy. Answer: Competing in existing market space with known boundaries
and competitive rules
● External Analysis. Answer: Assessment of industry structure, competitive forces, market
trends, and macro-environmental factors
FULL QUESTIONS AND SOLUTIONS GRADED A+
● Resource-Based View. Answer: Strategic perspective viewing firm as bundle of resources
and capabilities driving competitive advantage
● Business Strategy. Answer: Long-term plan defining how organization will compete,
achieve objectives, and create value for stakeholders
● MBA 701. Answer: Louisiana State University Shreveport foundational graduate business
course covering core management concepts, theories, and analytical frameworks
● Bargaining Power of Suppliers. Answer: Extent to which suppliers can influence terms,
prices, and conditions affecting company costs
● Core Competencies. Answer: Unique capabilities and resources providing competitive
advantage and difficult for competitors to imitate
● Servant Leadership. Answer: Philosophy prioritizing employee development and welfare
to achieve organizational goals
● Threat of New Entrants. Answer: Likelihood of new competitors entering market
influenced by barriers to entry and incumbent reactions
● Horizontal Integration. Answer: Acquiring or merging with competitors at same industry
level expanding market share
● Internal Analysis. Answer: Examination of organization's resources, capabilities, core
competencies, and value chain activities
● Positioning. Answer: Creating distinct image and identity in customers' minds relative to
competitors
● Corporate Strategy. Answer: Overarching approach determining which businesses to
compete in and how to manage portfolio
● Threat of Substitutes. Answer: Risk of alternative products or services satisfying same
customer needs differently
, ● Value Creation. Answer: Process of generating worth exceeding costs through products,
services, or business model innovation
● Merger. Answer: Combination of two companies forming new legal entity sharing
ownership and operations
● SWOT Analysis. Answer: Strategic planning technique identifying Strengths, Weaknesses,
Opportunities, and Threats affecting organization
● Leadership. Answer: Process of influencing and guiding people toward achieving
organizational goals through vision and motivation
● Sustaining Innovation. Answer: Incremental improvements to existing products
maintaining market leadership
● Functional Structure. Answer: Organization design grouping employees by specialized
functions or departments
● PESTEL Analysis. Answer: Framework examining Political, Economic, Social,
Technological, Environmental, and Legal factors affecting business
● Inorganic Growth. Answer: Expansion through mergers, acquisitions, or partnerships
rather than internal development
● Organizational Culture. Answer: Shared values, beliefs, and norms influencing behavior
and decision-making throughout company
● Cash Flow Statement. Answer: Report tracking cash inflows and outflows from operating,
investing, and financing activities
● Industry Analysis. Answer: Systematic examination of industry structure, trends,
profitability, and competitive dynamics
● Corporate Governance. Answer: System of rules, practices, and processes directing and
controlling company
● Red Ocean Strategy. Answer: Competing in existing market space with known boundaries
and competitive rules
● External Analysis. Answer: Assessment of industry structure, competitive forces, market
trends, and macro-environmental factors
