Bpl 5100 2 exam Study guides, Class notes & Summaries

BPL 5100 2 Exam Questions with Correct Answers Harvesting strategy - Answer-a strategy of wringing as much profit as possible out of a business in the short to medium term by reducing costs Consolidation strategy - Answer-a firm's acquiring or merging with other firms in an industry in order to enhance market power and gain valuable assets Turnaround strategy - Answer-a strategy that reverses a firm's decline in performance and returns it to growth and profitability corporate level s...

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BPL 5100 Chap 1 & 2 Exam Questions and Answers

BPL 5100 Exam Questions with Correct Answers traditional approach to strategic control - Answer-a sequential method of organizational control in which 1) strategies are formulated and top management sets goals, 2) strategies are implemented and 3) actual performance is measured against the predetermined goal set. - Based largely on the feedback approach(from strategic control to strategy formulation) - Little or no action taken to revise strategies, goals and objectives until the end of the...

BPL 5100 Quiz 2 Exam Questions Marking Scheme Current Update How to overcome the five forces and achieve competitive advantage? - Answer -Porter's three generic strategies Porter's Three generic strategies - Answer -1. Overall Cost Leadership 2. Differentiation 3. Focus Overall Cost leadership involes - Answer -- aggressive construction of efficient scale facilities - vigorous pursuit of cost reductions from experience - tight cost and overhead control - avoidance of margina...

BPL 5100 FINAL EXAM QUESTIONS WITH ANSWERS ALL CORRECT MC 3 elements of moral responsibility? a) Causality b) Knowledge c) Freedom d) A & C e) All of the above - Answer-All of the above (CAUSALITY, KNOWLEDGE, FREEDOM) Five reasons for diversification mentioned in the textbook are A) market maturity, risk, excess resources, market power, and economies of scope b) outsourcing, long term contract vertical alliance, barrier of entry, exit strategy c) a only D) all of the above -...

BPL 5100 - Quiz 1 Exam Questions All Correct Answers Current Update what is strategic management? - Answer -the analyses, decisions, and actions an organization undertakes in order to create and sustain *competitive advantages* elaboarate: analyses, decisions and acitons taken during stratregic management - Answer -analyses: analyzing the strategic goals (vision, mission) decisions: what industries should we compete in? how should we compete in those industries? actions: implementing...

BPL 5100 Exam Questions Marking Scheme Current Update business level strategy - Answer -a strategy designed for a firm or a division of a firm that competes within a single business Generic Strategies - Answer -basic types of business level strategies based on breadth of target market (industrywide versus narrow market segment) and type of competitive advantage (low cost versus uniqueness) overall cost leadership - Answer -a firm's generic strategy based on appeal to the industrywide m...