MBA EXIT PRACTICE SOLUTION TEST 2026
COMPLETE QUESTIONS AND ANSWERS
GRADED A+
●● Strategy Formulation.
Answer: What we are going to do
●● Strategy Implementation.
Answer: How we are going to do it
●● what questions are asked during the design phase of strategy
formulation (4).
Answer: where will we compete?
how will we compete?
how will we make money?
what advantage will we build?
●● strategy formulation produces what product.
Answer: strategy diamond
●● do firms typically fail in strategy formulation or strategy
implementation.
,Answer: strategy implementation
●● turning strategic choices into operational reality is ....
Answer: strategy implementaiton
●● strategy formulation is about ....
Answer: choosing a different position, not just doing the same thing
better
●● strategy implementation is about ....
Answer: aligning the organization to support that position
●● business strategy is.
Answer: the way a firm achieves its objectives within a particular
industry or segment
●● core question of business strategy.
Answer: how do we compete within a particular industry
●● core question of corporate strategy.
Answer: in what businesses should we compete
●● what must corporate strategy do that business strategy cant.
,Answer: corporate strategy must add value beyond what the businesses
could achieve independently
●● business strategy (game analogy).
Answer: competing within the game
●● corporate strategy (game analogy).
Answer: choosing which games to play
●● the strategic management process explains what 3 things about
strategy.
Answer: how it ...
designed
evaluated
implemented
●● 7 step timeline of strategic management process.
Answer: vision
goals
external analysis
internal analysis
strategy diamond
implementation
, performance
●● strategic management process:
vision & mission (3).
Answer: fundamental purpose
why we exist
values
●● strategic management process:
goals & objetives (2).
Answer: specific targets
measureable outcomes
●● strategic management process:
strategic analysis (2).
Answer: external analysis
internal analysis
●● what part of the strategic management process houses five forces,
RBV/VRIO, and competive advantage.
Answer: strategic analysis
COMPLETE QUESTIONS AND ANSWERS
GRADED A+
●● Strategy Formulation.
Answer: What we are going to do
●● Strategy Implementation.
Answer: How we are going to do it
●● what questions are asked during the design phase of strategy
formulation (4).
Answer: where will we compete?
how will we compete?
how will we make money?
what advantage will we build?
●● strategy formulation produces what product.
Answer: strategy diamond
●● do firms typically fail in strategy formulation or strategy
implementation.
,Answer: strategy implementation
●● turning strategic choices into operational reality is ....
Answer: strategy implementaiton
●● strategy formulation is about ....
Answer: choosing a different position, not just doing the same thing
better
●● strategy implementation is about ....
Answer: aligning the organization to support that position
●● business strategy is.
Answer: the way a firm achieves its objectives within a particular
industry or segment
●● core question of business strategy.
Answer: how do we compete within a particular industry
●● core question of corporate strategy.
Answer: in what businesses should we compete
●● what must corporate strategy do that business strategy cant.
,Answer: corporate strategy must add value beyond what the businesses
could achieve independently
●● business strategy (game analogy).
Answer: competing within the game
●● corporate strategy (game analogy).
Answer: choosing which games to play
●● the strategic management process explains what 3 things about
strategy.
Answer: how it ...
designed
evaluated
implemented
●● 7 step timeline of strategic management process.
Answer: vision
goals
external analysis
internal analysis
strategy diamond
implementation
, performance
●● strategic management process:
vision & mission (3).
Answer: fundamental purpose
why we exist
values
●● strategic management process:
goals & objetives (2).
Answer: specific targets
measureable outcomes
●● strategic management process:
strategic analysis (2).
Answer: external analysis
internal analysis
●● what part of the strategic management process houses five forces,
RBV/VRIO, and competive advantage.
Answer: strategic analysis
