PRINCIPLES OF STRATEGIC MANAGEMENT AND
OPERATIONS STRATEGY 2025 UPDATE QUESTIONS
WITH CORRECT ANSWERS
Competitive Advantage Elements - ✔✔ Factors that contribute to an organization's competitive
advantage
Corporate Level Strategy - ✔✔ Strategic decisions for the entire organization
Business Level Strategy - ✔✔ Strategic decisions for individual business units or product lines
Functional Level Strategy - ✔✔ Strategic decisions for major functional departments within a
business unit
Porter's 5 Forces Model - ✔✔ Framework for analyzing industry competition and developing
strategies
Differentiation Strategy - ✔✔ Creating unique and distinctive products or services
Cost Leadership Strategy - ✔✔ Achieving low costs and prices compared to competitors
Focus Strategy - ✔✔ Concentrating on a specific market segment or niche
, Operations Management - ✔✔ Managing resources for production and delivery of products and
services
Managing - ✔✔ Planning, controlling, and overseeing operational processes
Operations Management Cycle - ✔✔ Series of activities for managing operations
Operations Strategy - ✔✔ Decisions shaping long-term capabilities and market requirements
Market Requirements - ✔✔ Customer demands and internal competencies
Corporate Objectives - ✔✔ Goals and targets set by the organization
Marketing Strategy - ✔✔ Plan for promoting and selling products or services
Qualifiers and Order Winners - ✔✔ Competitive priorities that determine success in the market
Operations Design Choices - ✔✔ Decisions related to facilities, capacity, process technology,
and supply network
Infrastructural Decisions - ✔✔ Decisions related to planning, control, quality improvement,
innovation, job design, and failure prevention
OPERATIONS STRATEGY 2025 UPDATE QUESTIONS
WITH CORRECT ANSWERS
Competitive Advantage Elements - ✔✔ Factors that contribute to an organization's competitive
advantage
Corporate Level Strategy - ✔✔ Strategic decisions for the entire organization
Business Level Strategy - ✔✔ Strategic decisions for individual business units or product lines
Functional Level Strategy - ✔✔ Strategic decisions for major functional departments within a
business unit
Porter's 5 Forces Model - ✔✔ Framework for analyzing industry competition and developing
strategies
Differentiation Strategy - ✔✔ Creating unique and distinctive products or services
Cost Leadership Strategy - ✔✔ Achieving low costs and prices compared to competitors
Focus Strategy - ✔✔ Concentrating on a specific market segment or niche
, Operations Management - ✔✔ Managing resources for production and delivery of products and
services
Managing - ✔✔ Planning, controlling, and overseeing operational processes
Operations Management Cycle - ✔✔ Series of activities for managing operations
Operations Strategy - ✔✔ Decisions shaping long-term capabilities and market requirements
Market Requirements - ✔✔ Customer demands and internal competencies
Corporate Objectives - ✔✔ Goals and targets set by the organization
Marketing Strategy - ✔✔ Plan for promoting and selling products or services
Qualifiers and Order Winners - ✔✔ Competitive priorities that determine success in the market
Operations Design Choices - ✔✔ Decisions related to facilities, capacity, process technology,
and supply network
Infrastructural Decisions - ✔✔ Decisions related to planning, control, quality improvement,
innovation, job design, and failure prevention
