MAN 4720 – Strategic Management (2025/2026) – 100 Exam Questions & Answers on Competitive Advantage, Globalization, Resources, Core Competencies & Strategic Process

This document contains 100 fully solved and verified exam questions with correct answers for MAN 4720 – Strategic Management, updated for the 2025/2026 academic year. It provides an in-depth review of the competitive landscape, covering digitalization, globalization, technology trends, and the challenges of competing in global markets such as the “liability of foreignness.” Students will learn both the industrial organization (I/O) model and the resource-based model, including how resources, capabilities, and core competencies form the foundation of sustainable competitive advantage. The guide explores the general environment (demographic, economic, political/legal, sociocultural, technological, global, and sustainable physical segments) and the industry environment through the five forces model—threat of new entrants, bargaining power of buyers and suppliers, rivalry, and substitutes. It explains strategic tools such as environmental scanning, monitoring, forecasting, and assessing, as well as concepts like economies of scale, product differentiation, and complementors. Key internal analysis topics include tangible and intangible resources, capability development, value chain activities, social capital, outsourcing, and offshoring. The document also covers the strategic management process, stakeholder analysis, global mindset, and conditions affecting decision-making (uncertainty, complexity, intraorganizational conflict). This resource is ideal for business administration students, MBA candidates, strategic management majors, and aspiring executives preparing for exams or seeking practical strategy frameworks. Keywords: strategic management, competitive advantage, globalization, digitalization, industrial organization model, resource-based model, general environment, industry environment, five forces, economies of scale, product differentiation, core competencies, tangible resources, intangible resources, value chain, social capital, outsourcing, offshoring, global mindset, strategic management process