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+--- Thread: Business Policy (/Thread-Business-Policy)
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Business Policy - ShotoJuku - 12-30-2006
ChristaKB Wrote:Uhm, just got my grade back and need to mention I scored a 60!:o
But, I guess a pass is a pass LOL!hilarious
[SIZE="4"][COLOR="Blue"]Congrats!!
Yes, a "Pass is a Pass!"
Happy 2007!!![/COLOR][/SIZE]
Yes, a "Pass is a Pass!"
Happy 2007!!![/COLOR][/SIZE]
Business Policy - Kiwi Lover - 02-21-2007
Hi everyone,
I am VERY happy to report that I passed the TECEP Business Policy exam with room to spare! Thank God!!!
It âonlyâ took 3 weeks to get my score, rather than the usual 4 to 5 weeks. Anyway, I wanted to add a few study tips for this exam so youâll know some of the areas you need to focus on more than others.Besides understanding the entire strategic management process (environmental scanning, strategy formulation, strategy implementation & evaluation and control), make sure you learn about:
⢠SWOT (strengths, weaknesses, opportunities, threats)
⢠PEST analysis (political, economic, socio-cultural, technological)
⢠Porterâs strategies
⢠The five generic competitive strategies
⢠Related diversification and unrelated diversification
⢠When a company should diversify
⢠Cross-market subsidization
⢠Long-term objectives
⢠Multi-domestic industries
⢠The value chain
⢠Fragmented industries
⢠Corporate culture
⢠Subcultures
⢠Entry barriers
⢠Expanding internationally
⢠When a company transitions to maturity
⢠Inside stakeholders
⢠Benchmarking
⢠Outsourcing
⢠Vision
I used both books recommended on TESCâs exam guide: âCrafting & Executing Strategyâ by Thompson, Strickland & Gamble (I used this book more than the other one), and âStrategic Management & Business Policyâ by Wheelan & Hunger.
One final word of advice: take a good mechanical pencil with you with lots of extra lead because youâre going to need it!!! As others have said before me, there is a ton of writing on this exam, and you donât get the luxury of typing in your answers!
JoAnne :p
Business Policy - SimonTam - 02-22-2007
[SIZE="3"]
Outstanding JoAnne! Glad to hear you passed it!
[/SIZE]
Business Policy - Librevore - 02-22-2007
[SIZE="2"]Yea!!! That's fantastic news, JoAnne.
[/SIZE]
Business Policy - bluetooth - 02-22-2007
I took this class at TESC. It required tons of writing for essays in addition to the exam as well. I got an A, but it wasn't without significant effort. And the professor was as uninvolved as they come.
I feel like I understand this materially naturally after having spent 10 years in the real world of business, but the contents of the course smelled more of malarkey than anything else.