BUSINESS STRATEGY STRATEGIC ANALYSIS
AND INDUSTRY POSITIONING STUDY GUIDE
2026
◉ When crafting and executing strategy, good managers need to
Multiple select question.
- upgrade resources and capabilities as necessary.
- rely on top frontline employees to put the appropriate resources in
place.
- put the resources and capabilities in place that will enable the
strategy to succeed.
- resist modifying resources and capabilities when market
conditions evolve.
Answer: - upgrade resources and capabilities as necessary.
- put the resources and capabilities in place that will enable the
strategy to succeed.
◉ A substandard management team is likely to
Multiple choice question.
- build a culture that motivates people to deliver results.
,- waste the effort of the people working under them.
- allocate resources efficiently.
- meet all internal deadlines.
Answer: waste the effort of the people working under them.
◉ The structural organization of a firm
Multiple select question.
- reflects prior organizational patterns and internal circumstances.
- is, in part, a product of executive judgments.
- has minimal impact on how strategy is executed.
- is unaffected by staff politics and reporting relationships.
Answer: - reflects prior organizational patterns and internal
circumstances.
- is, in part, a product of executive judgments.
◉ Which of the following is an action that is likely to be taken by a
strong manager?
Multiple choice question.
- making an abrupt adjustment when frontline employees show
initial resistance to change
, - hiring a person for a mid-level position based solely on the
recommendation of a former associate
- scheduling a weekly meeting with mid-level managers to check on
the progress of frontline employees
- waiting a week to respond to an email concerning a workflow issue
Answer: scheduling a weekly meeting with mid-level managers to
check on the progress of frontline employees
◉ A company may choose to outsource certain value chain activities
because
Multiple select question.
- outsourcing an activity may allow a company to concentrate its
efforts on activities that are at the core of its strategy.
- another company may have the capability to perform those
activities more efficiently.
- a company will likely find it beneficial to turn core strategy
activities over to another company.
- outsourcing may add costs to the final price of goods and services.
Answer: - outsourcing an activity may allow a company to
concentrate its efforts on activities that are at the core of its strategy.
- another company may have the capability to perform those
activities more efficiently.
AND INDUSTRY POSITIONING STUDY GUIDE
2026
◉ When crafting and executing strategy, good managers need to
Multiple select question.
- upgrade resources and capabilities as necessary.
- rely on top frontline employees to put the appropriate resources in
place.
- put the resources and capabilities in place that will enable the
strategy to succeed.
- resist modifying resources and capabilities when market
conditions evolve.
Answer: - upgrade resources and capabilities as necessary.
- put the resources and capabilities in place that will enable the
strategy to succeed.
◉ A substandard management team is likely to
Multiple choice question.
- build a culture that motivates people to deliver results.
,- waste the effort of the people working under them.
- allocate resources efficiently.
- meet all internal deadlines.
Answer: waste the effort of the people working under them.
◉ The structural organization of a firm
Multiple select question.
- reflects prior organizational patterns and internal circumstances.
- is, in part, a product of executive judgments.
- has minimal impact on how strategy is executed.
- is unaffected by staff politics and reporting relationships.
Answer: - reflects prior organizational patterns and internal
circumstances.
- is, in part, a product of executive judgments.
◉ Which of the following is an action that is likely to be taken by a
strong manager?
Multiple choice question.
- making an abrupt adjustment when frontline employees show
initial resistance to change
, - hiring a person for a mid-level position based solely on the
recommendation of a former associate
- scheduling a weekly meeting with mid-level managers to check on
the progress of frontline employees
- waiting a week to respond to an email concerning a workflow issue
Answer: scheduling a weekly meeting with mid-level managers to
check on the progress of frontline employees
◉ A company may choose to outsource certain value chain activities
because
Multiple select question.
- outsourcing an activity may allow a company to concentrate its
efforts on activities that are at the core of its strategy.
- another company may have the capability to perform those
activities more efficiently.
- a company will likely find it beneficial to turn core strategy
activities over to another company.
- outsourcing may add costs to the final price of goods and services.
Answer: - outsourcing an activity may allow a company to
concentrate its efforts on activities that are at the core of its strategy.
- another company may have the capability to perform those
activities more efficiently.
