GBA LATEST EXAM PREP QUESTIONS AND
ANSWERS PDF 2026
▶ network structure. Answer: a configuration composed of a number of
independent organizations engaged in some common undertaking, with
one firm typically taking on a more central role
▶ company's strategic priorities. Answer: must drive how capital
allocations are made and the size of each unit's operating budgets
▶ company's policies and procedures. Answer: provide a set of well-
honored routines for running the company and executing the strategy
▶ policies and procedures. Answer: provide top down guidance regarding
how things need to be done, help ensure consistency in how execution-
critical activities are performed, and promote creation of a work climate that
facilitates good strategy execution
▶ middle ground approach. Answer: Prescribe enough policies to give
organization members clear direction and to place reasonable boundaries
on their actions; then empower them to act within these boundaries in
pursuit of company goals.
▶ business process reengineering. Answer: involves radically redesigning
and streamlining how an activity is performed, with the intent of achieving
quantum improvements in performance
▶ total quality management. Answer: entails creating a total quality
culture, involving managers and employees at all levels, bent on
continuously improving the performance of every value chain activity
▶ kaizen. Answer: making little steps forward each day
▶ six sigma programs. Answer: utilize advanced statistical methods to
improve quality by reducing defects and variability in the performance of
business processes
ANSWERS PDF 2026
▶ network structure. Answer: a configuration composed of a number of
independent organizations engaged in some common undertaking, with
one firm typically taking on a more central role
▶ company's strategic priorities. Answer: must drive how capital
allocations are made and the size of each unit's operating budgets
▶ company's policies and procedures. Answer: provide a set of well-
honored routines for running the company and executing the strategy
▶ policies and procedures. Answer: provide top down guidance regarding
how things need to be done, help ensure consistency in how execution-
critical activities are performed, and promote creation of a work climate that
facilitates good strategy execution
▶ middle ground approach. Answer: Prescribe enough policies to give
organization members clear direction and to place reasonable boundaries
on their actions; then empower them to act within these boundaries in
pursuit of company goals.
▶ business process reengineering. Answer: involves radically redesigning
and streamlining how an activity is performed, with the intent of achieving
quantum improvements in performance
▶ total quality management. Answer: entails creating a total quality
culture, involving managers and employees at all levels, bent on
continuously improving the performance of every value chain activity
▶ kaizen. Answer: making little steps forward each day
▶ six sigma programs. Answer: utilize advanced statistical methods to
improve quality by reducing defects and variability in the performance of
business processes
