Saylor BUS300 Module 2 Course
Materials/Study Guide Exam Questions and
Answers with Verified Solutions | Latest
Updated 2026
Strategic Business Unit (SBU) A semi-autonomous unit that is usually
responsible
for its own budgeting, new product
decisions,
hiring decisions, and price setting.
What are the two main The Industrial Organization Approach and
approaches the
to strategic management? Sociological Approach
Industrial Organizational Approach Based on economic theory - deals with
issues like
competitive rivalry, resource allocation,
economies
of scale. Assumes rationality, self
discipline
behavior, profit maximization.
Sociological Approach Deals primarily with human interactions.
Assumes
bounded rationality, satisfying behavior,
profit sub-
optimality.
, Strategic management The broadest level of management within
an
organization in that it covers all aspects of
an
organization's operations.
What are the five steps of strategic Analysis, Strategy Formation, Goal Setting
management? (Formulation), Structure, and Feedback
(Implementation)
What is the role of a Board in Traditionally, boards have become
strategy development? involved in
strategy mainly when there were specific
reasons
for them to do so. However, as regulatory
and
other pressures increased, many boards
have
sought to become more deeply involved
and
create an ongoing strategic role,
Strategic Architecture A tool used to resolve specific issues and
guide the
performance of an entire strategy. It should
be
focused on flow rates.
What is the function of a strategic It is a way to understand and control the
architecture? complexities of an organization.
Materials/Study Guide Exam Questions and
Answers with Verified Solutions | Latest
Updated 2026
Strategic Business Unit (SBU) A semi-autonomous unit that is usually
responsible
for its own budgeting, new product
decisions,
hiring decisions, and price setting.
What are the two main The Industrial Organization Approach and
approaches the
to strategic management? Sociological Approach
Industrial Organizational Approach Based on economic theory - deals with
issues like
competitive rivalry, resource allocation,
economies
of scale. Assumes rationality, self
discipline
behavior, profit maximization.
Sociological Approach Deals primarily with human interactions.
Assumes
bounded rationality, satisfying behavior,
profit sub-
optimality.
, Strategic management The broadest level of management within
an
organization in that it covers all aspects of
an
organization's operations.
What are the five steps of strategic Analysis, Strategy Formation, Goal Setting
management? (Formulation), Structure, and Feedback
(Implementation)
What is the role of a Board in Traditionally, boards have become
strategy development? involved in
strategy mainly when there were specific
reasons
for them to do so. However, as regulatory
and
other pressures increased, many boards
have
sought to become more deeply involved
and
create an ongoing strategic role,
Strategic Architecture A tool used to resolve specific issues and
guide the
performance of an entire strategy. It should
be
focused on flow rates.
What is the function of a strategic It is a way to understand and control the
architecture? complexities of an organization.
