BST REVIEW 2026 COMPREHENSIVE
EXAMINATION SET UPDATED 100%
CORRECT.
◉ what is the emergent strategy? Ans- - Organisation learns from
feedbacks and adjusts direction
consists of:
- Responsive to signals
- Bottom-up learning
- dynamic environment assumed
◉ what is the positioning view? Ans- - competitive advantage from
external market position
- e.g. a supermarket competing on price in a saturated market
◉ what is a resource based view (RBV)? Ans- - competitive advantage
from rare, valuable internal resources
-e.g. tesla's battery IP enabling lower unit costs than rivals
,◉ what should you link ESG to in exam question? Ans- - Long term
performance
- whether ESG is being used due to compliance vs as strategy
◉ What is a company's mission statement? Ans- the organization's
purpose, what it wants to accomplish in the larger environment
◉ what is the general mission statement for NFPs? Ans- meeting
stakeholder objectives
◉ what are some examples of and interests of:
(i) internal stakeholders
(ii) connected stakeholders
(iii) external stakeholders. Ans- (i)
- Employees (job security, pay, conditions)
- Managers (autonomy, bonuses)
(ii)
- Investors (return on capital, dividends)
- Lenders (repayment, interest coverage)
(iii)
, - Customers (value, quality, service)
- Suppliers (fair terms, long term contracts)
◉ what is an example of a stakeholder conflict b/w consumers and
employees? Ans- - cutting staff costs to lower prices -> consumers
happy with lower prices but at expense of employee wages (may cause
fall in productivity)
◉ what is an example of stakeholder power regarding employees? Ans-
- employees can strike
- which can mean production halts
◉ what is Mendelow's power-interest matrix? Ans- Key players (High
power, high interest) - Engage closely, involve in decisions
Keep satisfied (High power, low interest) - Meet needs without
overwhelming them
Keep informed (Low power, high interest) - Communicate regularly
Minimal effort (Low power, low interest)- Monitor only
EXAMINATION SET UPDATED 100%
CORRECT.
◉ what is the emergent strategy? Ans- - Organisation learns from
feedbacks and adjusts direction
consists of:
- Responsive to signals
- Bottom-up learning
- dynamic environment assumed
◉ what is the positioning view? Ans- - competitive advantage from
external market position
- e.g. a supermarket competing on price in a saturated market
◉ what is a resource based view (RBV)? Ans- - competitive advantage
from rare, valuable internal resources
-e.g. tesla's battery IP enabling lower unit costs than rivals
,◉ what should you link ESG to in exam question? Ans- - Long term
performance
- whether ESG is being used due to compliance vs as strategy
◉ What is a company's mission statement? Ans- the organization's
purpose, what it wants to accomplish in the larger environment
◉ what is the general mission statement for NFPs? Ans- meeting
stakeholder objectives
◉ what are some examples of and interests of:
(i) internal stakeholders
(ii) connected stakeholders
(iii) external stakeholders. Ans- (i)
- Employees (job security, pay, conditions)
- Managers (autonomy, bonuses)
(ii)
- Investors (return on capital, dividends)
- Lenders (repayment, interest coverage)
(iii)
, - Customers (value, quality, service)
- Suppliers (fair terms, long term contracts)
◉ what is an example of a stakeholder conflict b/w consumers and
employees? Ans- - cutting staff costs to lower prices -> consumers
happy with lower prices but at expense of employee wages (may cause
fall in productivity)
◉ what is an example of stakeholder power regarding employees? Ans-
- employees can strike
- which can mean production halts
◉ what is Mendelow's power-interest matrix? Ans- Key players (High
power, high interest) - Engage closely, involve in decisions
Keep satisfied (High power, low interest) - Meet needs without
overwhelming them
Keep informed (Low power, high interest) - Communicate regularly
Minimal effort (Low power, low interest)- Monitor only
