GEB 4890 EXAM 2 COMPREHENSIVE TEST
2026 FULL ANSWERS REVIEW GRADED A+
◉ specific operating activities with strategic significance. Answer:
quality control, materials purchasing, brand management, internet
sales, etc.
◉ A Strategic Vision '+ Mission '+ Objectives '+ Strategy '=. Answer:
A Strategic Plan
◉ A company's _____ lays out its future direction, business model,
performance targets, and competitive strategy.. Answer: strategic
plan,
◉ What must a company do to achieve operating excellence and to
execute its strategy proficiently?. Answer: Each company manager
has to think through the answer to the question "What needs to be
done in my area to execute my piece of the strategic plan, and what
actions should I take to get the process under way?"
◉ in most situations, managing the strategy execution process
includes the following:. Answer: creating a strategy-supporting
structure, staffing properly, developing/strengthening resources &
capabilities, allocation of resources, ensuring proper
policies/procedures are in place, organizing the work, installing
,proper systems needed, motivating people, creating culture, using
necessary leadership to propel implementation forward.
◉ A company's Board of Directors has 4 important obligations to
fulfill:. Answer: (1) Over see company's financial
accounting/financial reporting practices(CEO, CFO, Audit
committee), (2) Critically appraise company's direction, strategy,
and business approaches, (3) Evaluate the caliber of senior
executives' strategic leadership skills, (4) Institute a compensation
plan for top execs that rewards them for actions and results that
serve stakeholder interests, and most especially those of
shareholders.
◉ An effective corporate governance requires the BOD to:. Answer:
oversee the company's strategic direction, evaluate its senior execs,
handle executive compensation, and oversee financial reporting
practices.
◉ The _____ encompasses the broad environmental context in which
a company's industry is situated.. Answer: macro-environment
◉ _____ can be used to assess the strategic relevance of the six
principal components of the macro-environment.. Answer: PESTEL
analysis
, ◉ P E S T E L. Answer: Political, Economic, Social, Technological,
Environmental, and Legal/regulatory forces.
◉ Proper use of these analytic tools can provide managers with the
understanding needed to craft a strategy that fits the company's
situation within their industry environment:. Answer: five forces
framework, the value net, driving forces, strategic groups,
competitor analysis, and key success factors.
◉ The 5 forces framework holds that competitive pressures on
companies within an industry come from 5 sources these are:.
Answer: (1) rival sellers, (2) competition from potential new
entrants to industry, (3) competition from producers of substitute
products, (4) supplier bargaining power, and (5) customer
bargaining power.
◉ Using the five forces model determines the nature and strength of
competitive pressures in a given industry involves 3 steps:. Answer:
(Step 1) For each of the 5 forces, ID the different parties involved,
along with specific factors that bring about competitive pressures.
(Step 2)Evaluate how strong each of the pressures from each 5 are
(strong, moderate, or weak), (Step 3) Determine whether 5 forces,
overall, are supportive of high industry profitability.
◉ Rivalry increases when. Answer: buyer demand is growing slowly
or declining.
2026 FULL ANSWERS REVIEW GRADED A+
◉ specific operating activities with strategic significance. Answer:
quality control, materials purchasing, brand management, internet
sales, etc.
◉ A Strategic Vision '+ Mission '+ Objectives '+ Strategy '=. Answer:
A Strategic Plan
◉ A company's _____ lays out its future direction, business model,
performance targets, and competitive strategy.. Answer: strategic
plan,
◉ What must a company do to achieve operating excellence and to
execute its strategy proficiently?. Answer: Each company manager
has to think through the answer to the question "What needs to be
done in my area to execute my piece of the strategic plan, and what
actions should I take to get the process under way?"
◉ in most situations, managing the strategy execution process
includes the following:. Answer: creating a strategy-supporting
structure, staffing properly, developing/strengthening resources &
capabilities, allocation of resources, ensuring proper
policies/procedures are in place, organizing the work, installing
,proper systems needed, motivating people, creating culture, using
necessary leadership to propel implementation forward.
◉ A company's Board of Directors has 4 important obligations to
fulfill:. Answer: (1) Over see company's financial
accounting/financial reporting practices(CEO, CFO, Audit
committee), (2) Critically appraise company's direction, strategy,
and business approaches, (3) Evaluate the caliber of senior
executives' strategic leadership skills, (4) Institute a compensation
plan for top execs that rewards them for actions and results that
serve stakeholder interests, and most especially those of
shareholders.
◉ An effective corporate governance requires the BOD to:. Answer:
oversee the company's strategic direction, evaluate its senior execs,
handle executive compensation, and oversee financial reporting
practices.
◉ The _____ encompasses the broad environmental context in which
a company's industry is situated.. Answer: macro-environment
◉ _____ can be used to assess the strategic relevance of the six
principal components of the macro-environment.. Answer: PESTEL
analysis
, ◉ P E S T E L. Answer: Political, Economic, Social, Technological,
Environmental, and Legal/regulatory forces.
◉ Proper use of these analytic tools can provide managers with the
understanding needed to craft a strategy that fits the company's
situation within their industry environment:. Answer: five forces
framework, the value net, driving forces, strategic groups,
competitor analysis, and key success factors.
◉ The 5 forces framework holds that competitive pressures on
companies within an industry come from 5 sources these are:.
Answer: (1) rival sellers, (2) competition from potential new
entrants to industry, (3) competition from producers of substitute
products, (4) supplier bargaining power, and (5) customer
bargaining power.
◉ Using the five forces model determines the nature and strength of
competitive pressures in a given industry involves 3 steps:. Answer:
(Step 1) For each of the 5 forces, ID the different parties involved,
along with specific factors that bring about competitive pressures.
(Step 2)Evaluate how strong each of the pressures from each 5 are
(strong, moderate, or weak), (Step 3) Determine whether 5 forces,
overall, are supportive of high industry profitability.
◉ Rivalry increases when. Answer: buyer demand is growing slowly
or declining.
