MAN 4720 – Strategic Management Part 2 (2025/2026) – 100 Exam Questions & Answers on Competitive Rivalry, Corporate-Level Strategies, Diversification & Synergy

This document contains 100 fully solved and verified exam questions with correct answers for MAN 4720 – Strategic Management Part 2, updated for the 2025/2026 academic cycle. It focuses on competitive rivalry and dynamics, explaining when and how firms balance strategic and tactical actions, the roles of first movers, second movers, and actors, and the importance of service quality dimensions such as timeliness, courtesy, consistency, and convenience. The guide covers corporate-level strategies including single-business, dominant-business, related and unrelated diversification, vertical integration, and economies of scope. It explains how firms create operational relatedness, transfer core competencies, and achieve synergy when business units collaborate effectively. It also addresses financial strategies such as using free cash flows for new opportunities, managing financial economies, and complying with antitrust laws to prevent excessive market power concentration. This resource is highly relevant for business administration students, MBA candidates, strategic management majors, and aspiring executives who want a detailed understanding of competitive dynamics, diversification, and corporate synergy. It also serves as a practical reference for managers and strategists working on multi-business operations and resource allocation decisions. Keywords: competitive rivalry, competitive dynamics, first mover, second mover, tactical action, strategic action, corporate-level strategy, diversification, single-business, dominant-business, related diversification, unrelated diversification, vertical integration, economies of scope, operational relatedness, synergy, core competencies, free cash flow, antitrust laws, financial economies