MGMT2140 PracTice exaM 2 –
ManaGeMenT Theory and
evoluTion exaM PracTice
QuesTions and correcT answers
(verified answers) Plus
raTionale 2026 Q&a| insTanT
download Pdf
Strategy - answers 100% correct✔✔A comprehensive plan of
action for accomplishing an organization's goals.
,Aspects of Superior Performance - answers 100%
correct✔✔High Profitability
Growth in profits over time
Corporate Level Strategy - answers 100% correct✔✔Answers
the questions: "What business or businesses are we in or
should we be in?"
The 5 Step Corporate Level Strategic Management Process -
answers 100% correct✔✔1. Establish the mission, vision, and
values statement
2. Assess the current reality
3. Formulate the grand strategy
4. Implement the strategy
5. Maintain strategic control
,Mission - answers 100% correct✔✔An organization's basic
purpose & scope of operations; should describe ends, not
means, imply effort, activity, be unique and brief
Vision - answers 100% correct✔✔The long term direction &
strategic intent of a company that points to the future; should
inspire org employees offering a worthwhile target to achieve
together
Values - answers 100% correct✔✔The philosophical properties
to which management is committed; should provide the
reasoning for action
SWOT Analysis - answers 100% correct✔✔Internal Strengths
Internal Weaknesses
External Opportunities
External Threats
, 3 Common Grand Strategies - answers 100% correct✔✔Growth
Stability
Defensive
3 Corporate Level Strategic Choices - answers 100% correct✔✔-
Single-product strategy (simplicity)
-Related diversification (synergy)
-Unrelated diversification (risk/return)
Vertical Integration - answers 100% correct✔✔Firm expands
into businesses that provide the supplies it needs to make its
products or that distribute and sell its products
Why does diversification happen? - answers 100% correct✔✔-
Boost performance by leveraging distinctive competencies
-Create a competitive advantage in a new business by using the
competencies that enabled the original business to gain a
competitive advantage
ManaGeMenT Theory and
evoluTion exaM PracTice
QuesTions and correcT answers
(verified answers) Plus
raTionale 2026 Q&a| insTanT
download Pdf
Strategy - answers 100% correct✔✔A comprehensive plan of
action for accomplishing an organization's goals.
,Aspects of Superior Performance - answers 100%
correct✔✔High Profitability
Growth in profits over time
Corporate Level Strategy - answers 100% correct✔✔Answers
the questions: "What business or businesses are we in or
should we be in?"
The 5 Step Corporate Level Strategic Management Process -
answers 100% correct✔✔1. Establish the mission, vision, and
values statement
2. Assess the current reality
3. Formulate the grand strategy
4. Implement the strategy
5. Maintain strategic control
,Mission - answers 100% correct✔✔An organization's basic
purpose & scope of operations; should describe ends, not
means, imply effort, activity, be unique and brief
Vision - answers 100% correct✔✔The long term direction &
strategic intent of a company that points to the future; should
inspire org employees offering a worthwhile target to achieve
together
Values - answers 100% correct✔✔The philosophical properties
to which management is committed; should provide the
reasoning for action
SWOT Analysis - answers 100% correct✔✔Internal Strengths
Internal Weaknesses
External Opportunities
External Threats
, 3 Common Grand Strategies - answers 100% correct✔✔Growth
Stability
Defensive
3 Corporate Level Strategic Choices - answers 100% correct✔✔-
Single-product strategy (simplicity)
-Related diversification (synergy)
-Unrelated diversification (risk/return)
Vertical Integration - answers 100% correct✔✔Firm expands
into businesses that provide the supplies it needs to make its
products or that distribute and sell its products
Why does diversification happen? - answers 100% correct✔✔-
Boost performance by leveraging distinctive competencies
-Create a competitive advantage in a new business by using the
competencies that enabled the original business to gain a
competitive advantage
