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BPL 5100 Exam Questions and Answers
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BPL 5100 Exam Questions and Answers
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BPL 5100 Exam Questions and AnswersStrategic Management - Answer -Identifying opportunities to create value in dynamic
competitive environments and building the capabilities needed to tackle the
opportunities
Strategic management - Answer -the analyses, decisions, and actions an organization
undertakes in order to create and sustain competitive advantages
shareholder - Answer -owns part of a company through stock ownership
stakeholder - Answer -individuals, groups, and organizations who have a stake in the
success of the organization - ex. owners, employees, customers, suppliers, and the
community at large
Hierarchy of Goals - Vision - Answer -General & Long Term
Hierarchy of Goals - Mission - Answer -B/W General and Specific & B/W Long Term
and Short term
Hierarchy of Goals - Strategic Objectives - Answer -Specific goals & short term
Vision - Answer -Massively inspiring, overarching, and long term
Mission - Answer -Purpose of the firm, basis of competition and competitive advantage
Strategic Objectives - Answer -Operationalization of the mission - SMART
How to fulfill higher goals: - Answer -SMART - Specific, Measurable, Appropriate,
Realistic, Timely
Succesful Strategy - Answer -Long-Term, Simple and Agreed Objectives
Understanding of competitive environment
Understanding of internal resources
Tools for Analyzing the External Environment - Answer -SWOT, Environmental
Analysis, Industry Analysis
SWOT - Answer -Strengths (INDIVIDUAL), Weakness (INDIVIDUAL), Opportunities
(EXTERNAL), Threats (EXTERNAL)
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