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Exam (elaborations)

Strategic Mgmt EXAM QUESTIONS WITH COMPLETE SOLUTIONS

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Strategic Mgmt EXAM QUESTIONS WITH COMPLETE SOLUTIONS

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Institution
Strategic MGMT
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Strategic MGMT

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Uploaded on
December 17, 2025
Number of pages
29
Written in
2025/2026
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Strategic Mgmt EXAM QUESTIONS WITH
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Terms in this set (51)

,Deming's PDSA cycle is a True
practical life and work
method that enables us to
use a form of the scientific
method to drive our
learning and
improvement, both
personally and
professionally. It
incorporates the
deductive-inductive
interplay necessary for
learning, as required in the
scientific method. As you
iteratively cycle through
PDSA on an area of
personal or professional
focus, you learn; that is,
you gain knowledge and
you improve in a specific
manner under certain
conditions. But further, as
you build your knowledge,
a thoughtful and careful
use of PDSA will enable
you to be able to predict
whether a given "change"
will result in real
"improvement" under
different conditions that
you may face in the future.

, Each of the Five P's of True
strategy --- plan, ploy,
pattern, position, and
perspective --- that is,
each of these five ways of
thinking about strategy is
necessary for
understanding what
strategy is, but none of
them alone is sufficient to
master the concept.

From the Aristotelian logic a) should be methodical, i.e., follow a planned
of ancient times, through structure or procedure
the middle ages and early b) should proceed through inductive reasoning, i.e.,
renaissance, the nature of from observations of experience to axiom to law
scientific thinking and c) should involve an interplay between deductive
learning was largely (rationalism) and inductive (empiricism) logic
rational and deductive, d) All of the above
like mathematics, namely,
we learned new truths by
logical deduction from a
priori or self-evident first
premises. Beginning with
Francis Bacon (1620), a
new development in
scientific thinking
occurred. Bacon believed
that learning and
knowledge creation ...

The terms intellectual True
capital and intangible
assets are synonyms of
one another.

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