BA 453 EXAM QUESTIONS AND ANSWERS
100% SOLVED (Newest 2025) Strategic managers may believe that they have to choose between what is best for the shareholders vs. what is best for its customers and employees to achieve a competitive advantage. However, there is good evidence to suggest that the best way to maximize the return to shareholders is to focus on the customers and employees. Which of these scenarios is an illustration of that evidence? - Correct Answers ✅c. A tech company determines that it should pay its top-performing employees above-market wages, decreasing shareholder returns in the short-term. But the employee longevity pays off through sustained research & development and breakthrough products that result in sales growth and lower recruitment costs.Lisa is the vice president of sales and marketing for a software development company. She's been working with her sales force in recent months to develop a promotion strategy to sell obsolete software quickly at a reduced price, rather than the original suggested price. Which strategic manager role is Lisa fulfilling with this approach? - Correct Answers ✅Functional-level manage Which of these could be a definition of a competitive advantage? - Correct Answers ✅. The ability of a firm to outperform its rivals by achieving greater profitability and growth than others in the industry "Robert is the manager of sales and marketing for one of the products offered by his organization. He was invited to 1 / 4
BA 453 EXAM QUESTIONS AND ANSWERS
100% SOLVED (Newest 2025) participate in the strategic planning process for launching a new type of sunglasses to the millennial market. Robert, age 25, was excited to be able to contribute to this product because he liked these new sunglasses and, when he showed them to his three best buddies, they also liked them. During the planning session, Robert convinced the team that they did not need to conduct expensive focus groups to test the viability of the sunglasses. He was convinced the glasses would sell because every time he wore a pilot pair of the sunglasses, he got lots of compliments on them. Ultimately, the management team decided to go with his strategy and they did not do focus groups and launched the new product.Which cognitive bias was at work in this situation?" - Correct Answers ✅c. Representativeness Which of these is characteristic of a well-constructed goal? - Correct Answers ✅. My company has set a goal of launching five new products each year for the next five years through at least a 10% annual investment in research & development.Compare these four companies. Which of these companies has achieved a sustained competitive advantage? - Correct Answers ✅a. A company in the airline industry with an ROIC recorded above 25% in each of the last five years An HVAC contractor is considering expanding into a new business line, offering commercial facility maintenance and service in addition to construction contracting services. As 2 / 4
BA 453 EXAM QUESTIONS AND ANSWERS
100% SOLVED (Newest 2025) they consider this potential strategy, they are conducting a strategic planning process for this business unit, analyzing external and internal factors. Which of these can be classified as a part of the external operating environment of the company? - Correct Answers ✅. Local commercial properties are most often served by one of three big national HVAC service firms and a handful of local smaller firms.Which of these is a definition for an Emergent Strategy Making process? - Correct Answers ✅b. Strategies that evolve as the unplanned responses to unforeseen circumstances, arising from autonomous action by individual managers, serendipitous events and changed circumstances Michael is the CEO of a multidivisional company who has determined that it is time for his company to revisit its Strategic Plan. He is working on the agenda for the meeting and is beginning with a review of the company's mission, vision and values. On day 2, he plans to conduct an analysis of internal and external forces affecting the company. His invitee list for the strategic planning session includes the CFO, the COO, the Vice President of Human Resources and the Vice President of Sales. He believes this smaller team will be able to reach a greater consensus and be efficient in developing the Strategic Plan for the next five years. Which potential pitfall could impact the strategic plan for this company? - Correct Answers ✅a. An "ivory tower" approach could lead the executive team to a plan created in a vacuum without an understanding of current operating realities. 3 / 4
BA 453 EXAM QUESTIONS AND ANSWERS
100% SOLVED (Newest 2025) The idea that the strategy-making process is constantly ongoing and adapting over time with the input of additional
information is: - Correct Answers ✅the feedback loop
Bhascar was recently named general manager of a newly created business unit of a multidivisional company. His first order of business will be to implement the new division's strategic plan. Which of these statements about Bhascar's responsibilities for the company is true? - Correct Answers ✅c. Bhascar should spend the majority of his time concerned with the human resources operations of his business unit, focusing on the employee team.Which of these is not a cognitive bias that can lead to poor
strategic decisions: - Correct Answers ✅Willingness to
delegate In a SWOT Analysis, the primary objective of managers
participating in this exercise is to: - Correct Answers ✅.
identify strategies that exploit external opportunities, counter threats, build on strengths and eradicate weaknesses Why should strategic managers pay attention to cognitive biases and be able to recognize them in their strategic planning process? - Correct Answers ✅c. So that they can identify them when they are having an impact on the planning process and analyze whether the decision is being
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