BPL 5100 - Quiz
1
, BPL 5100 - Quiz 1
1. the analyses, decisions, and actions an organization undertakes in order to
create and sustain *competitive advantages*: what is strategic management?
2. analyses: analyzing the strategic goals (vision, mission)
decisions: what industries should we compete in? how should we compete in
those industries?
actions: implementing their strategies: elaboarate: analyses, decisions and aci-
tons taken during stratregic management
3. 1. directs the org towards oveall goals/obj
2. inlcudes multiple stakeholders in deicison making
3. needs to incorporate *short and long term perspectives*
4. recog trade-offs between effciency and effectiveness: what are the attributes
of strategic management? (4)
4. performing simliar acitivies *better* than rivals
ex: benchmarking, business process reegineering: what is opeartional effective-
ness
5. T: strategic management can be referred to as the study of why some firms
outperform others (T/F)
6. F
operational effectiveness is doing what everyone else is doing
to gain a sustainable competitve advantage, you must be *different*
*different* = strategy: operationsal effectiveness leads to sustainable competitve
advantages (T/F)
7. T: strategy is all about being different (T/F)
8. strategic analysis
straegic formulation
strategic implementaion: what are the 3 key strategic management processess?
9. you have to analyze
1/6
1
, BPL 5100 - Quiz 1
1. the analyses, decisions, and actions an organization undertakes in order to
create and sustain *competitive advantages*: what is strategic management?
2. analyses: analyzing the strategic goals (vision, mission)
decisions: what industries should we compete in? how should we compete in
those industries?
actions: implementing their strategies: elaboarate: analyses, decisions and aci-
tons taken during stratregic management
3. 1. directs the org towards oveall goals/obj
2. inlcudes multiple stakeholders in deicison making
3. needs to incorporate *short and long term perspectives*
4. recog trade-offs between effciency and effectiveness: what are the attributes
of strategic management? (4)
4. performing simliar acitivies *better* than rivals
ex: benchmarking, business process reegineering: what is opeartional effective-
ness
5. T: strategic management can be referred to as the study of why some firms
outperform others (T/F)
6. F
operational effectiveness is doing what everyone else is doing
to gain a sustainable competitve advantage, you must be *different*
*different* = strategy: operationsal effectiveness leads to sustainable competitve
advantages (T/F)
7. T: strategy is all about being different (T/F)
8. strategic analysis
straegic formulation
strategic implementaion: what are the 3 key strategic management processess?
9. you have to analyze
1/6
