MGRADES
MBA COMP EXAM UPDATED ACTUAL
Exam Questions and CORRECT Answers
westpoint played a crucial role in developing u.s. Mgmt - CORRECT ANSWER - Hoskins
& macve
Strategy as practice (sap)-write the role of the strategist back into analysis - CORRECT
ANSWER - Whittington
resource based view - CORRECT ANSWER - Penrose
advocated that Henry ford would have failed if hesitated out in the industrial west midlands
because of the lack of a strong diamond for mass production there - CORRECT
ANSWER - clark
rational planning model - CORRECT ANSWER - Ansoff
linked ordinal strategy with strategy constructed by others - CORRECT ANSWER - Hatch
and Schultz
two ways of managing implementation: planned/unplanned - CORRECT ANSWER -
hickson
strategy exists dependently on a set of practices that form its base; judge people by their deeds; -
CORRECT ANSWER - veye
Knowledge mgmt - CORRECT ANSWER - nonoka&takeuchi
5 views of the structure of the global political environment - CORRECT ANSWER -
Behrendt
,MGRADES
Key Performance Indicators - CORRECT ANSWER - Pitsis
Stressed virtues of resources being available at a specific point in time as well as opportunism in
their use - CORRECT ANSWER - Weick
treat strategy as important social practice
Strategy as practice (sap)-write the role of the strategist back into analysis - CORRECT
ANSWER - Whittington
strategy forms the plan of the war and to this end it links together the series of acts which are to
lead to a final decision - CORRECT ANSWER - Clausewitz
a cluster of related competicienties allows an industry to flourish - CORRECT ANSWER -
Marshall
principles of revolutionary strategy - CORRECT ANSWER - Hamel
advocated that Henry ford would have failed if hesitated out in the industrial west midlands
because of the lack of a strong diamond for mass production there - CORRECT
ANSWER - Clark
link ordinal strategy with strategy constructed by others - CORRECT ANSWER - Hatch
and Schultz
Ansoff's Product-Market Growth Matrix- was - CORRECT ANSWER - A marketing tool
that outlines the different strategies a company can use in order to increase market share or
introduce a new product. The strategy that a company uses depends on whether or not a company
or product is already present in a market. The four main strategies are market penetration,
product development, market development and diversification.
, MGRADES
Diversification strategies - CORRECT ANSWER - -horizontal:The company adds new
products or services that are often technologically or commercially unrelated to current products
but that may appeal to current customers.
-vertical: integrating business along your value chain, both upstream and downstream, so that
one efficiently feeds the other
-concentric:This means that there is a technological similarity between the industries, which
means that the firm is able to leverage its technical know-how to gain some advantage.
-conglomerate:The company markets new products or services that have no technological or
commercial synergies with current products but that may appeal to new groups of customers. T
Ansoff's rational planning model - CORRECT ANSWER - process of realizing a problem,
establishing and evaluating planning criteria, creating alternatives, implementing alternatives,
and monitoring progress of the alternatives
Chandler's structure follows strategy means - CORRECT ANSWER - strategy is driven by
environmental changes (This means, a corporate structure is created in order to implement a
given corporate strategy.)
Simon's Bounded rationality- - CORRECT ANSWER - was the idea that in decision-
making, rationality of individuals is limited by the information they have, the cognitive
limitations of their minds, and the finite amount of time they have to make a decision.
Jarzabkowski's strategic achievement - CORRECT ANSWER - comes from the balance
that universities attain when they gain "strength" through strong leadership combined with
excellent performance in research ranking and income-geration
Mintzberg's emerging strategy - CORRECT ANSWER - helped him to understand how
organizational structures change over time to respond to market and company life cycles, and
thus adjust to strategic change.
MBA COMP EXAM UPDATED ACTUAL
Exam Questions and CORRECT Answers
westpoint played a crucial role in developing u.s. Mgmt - CORRECT ANSWER - Hoskins
& macve
Strategy as practice (sap)-write the role of the strategist back into analysis - CORRECT
ANSWER - Whittington
resource based view - CORRECT ANSWER - Penrose
advocated that Henry ford would have failed if hesitated out in the industrial west midlands
because of the lack of a strong diamond for mass production there - CORRECT
ANSWER - clark
rational planning model - CORRECT ANSWER - Ansoff
linked ordinal strategy with strategy constructed by others - CORRECT ANSWER - Hatch
and Schultz
two ways of managing implementation: planned/unplanned - CORRECT ANSWER -
hickson
strategy exists dependently on a set of practices that form its base; judge people by their deeds; -
CORRECT ANSWER - veye
Knowledge mgmt - CORRECT ANSWER - nonoka&takeuchi
5 views of the structure of the global political environment - CORRECT ANSWER -
Behrendt
,MGRADES
Key Performance Indicators - CORRECT ANSWER - Pitsis
Stressed virtues of resources being available at a specific point in time as well as opportunism in
their use - CORRECT ANSWER - Weick
treat strategy as important social practice
Strategy as practice (sap)-write the role of the strategist back into analysis - CORRECT
ANSWER - Whittington
strategy forms the plan of the war and to this end it links together the series of acts which are to
lead to a final decision - CORRECT ANSWER - Clausewitz
a cluster of related competicienties allows an industry to flourish - CORRECT ANSWER -
Marshall
principles of revolutionary strategy - CORRECT ANSWER - Hamel
advocated that Henry ford would have failed if hesitated out in the industrial west midlands
because of the lack of a strong diamond for mass production there - CORRECT
ANSWER - Clark
link ordinal strategy with strategy constructed by others - CORRECT ANSWER - Hatch
and Schultz
Ansoff's Product-Market Growth Matrix- was - CORRECT ANSWER - A marketing tool
that outlines the different strategies a company can use in order to increase market share or
introduce a new product. The strategy that a company uses depends on whether or not a company
or product is already present in a market. The four main strategies are market penetration,
product development, market development and diversification.
, MGRADES
Diversification strategies - CORRECT ANSWER - -horizontal:The company adds new
products or services that are often technologically or commercially unrelated to current products
but that may appeal to current customers.
-vertical: integrating business along your value chain, both upstream and downstream, so that
one efficiently feeds the other
-concentric:This means that there is a technological similarity between the industries, which
means that the firm is able to leverage its technical know-how to gain some advantage.
-conglomerate:The company markets new products or services that have no technological or
commercial synergies with current products but that may appeal to new groups of customers. T
Ansoff's rational planning model - CORRECT ANSWER - process of realizing a problem,
establishing and evaluating planning criteria, creating alternatives, implementing alternatives,
and monitoring progress of the alternatives
Chandler's structure follows strategy means - CORRECT ANSWER - strategy is driven by
environmental changes (This means, a corporate structure is created in order to implement a
given corporate strategy.)
Simon's Bounded rationality- - CORRECT ANSWER - was the idea that in decision-
making, rationality of individuals is limited by the information they have, the cognitive
limitations of their minds, and the finite amount of time they have to make a decision.
Jarzabkowski's strategic achievement - CORRECT ANSWER - comes from the balance
that universities attain when they gain "strength" through strong leadership combined with
excellent performance in research ranking and income-geration
Mintzberg's emerging strategy - CORRECT ANSWER - helped him to understand how
organizational structures change over time to respond to market and company life cycles, and
thus adjust to strategic change.
