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+--- Thread: Business Policy TECEP feedback (/Thread-Business-Policy-TECEP-feedback)
Business Policy TECEP feedback - Kelsey - 04-12-2011
Hey Y'all!
I am no longer subscribed to Instantcert, so could someone please add this feedback to the Specific Exam section for others to view! Thank you in advance!
I took this TECEP last Friday. It was my first TECEP, so I was a little nervous about it. I used the recommended text - Crafting and Executing Strategy: The Quest for Competitive Advantage. I believe I used the 17th edition. I found the test to be similar to what I expected. The format for the test is the same with 30 m/c, 5 short answer, and 3 essay questions. The most recent feedback for the test is still applicable. Here is a list of what I would suggest studying and what I remember from this TECEP.
- Definition of Corporate Culture and Subculture
- Vision vs. Mission
- 3 steps in creating competitive advantage/ 4 steps in managing the process (Must know all steps for essay!)
- 5 forces model of competition and 3 steps that go along with that
- Global vs. Multicountry Strategy
- Strategic Plan = Vision + Objectives + Strategy
- Strategic Alliances -- Benefits, Reasons for entering, reasons for failure, etc.
- Mergers and Acquisitions -- Benefits, Failures, etc.
- International Diversification and Unrelated vs. Related diversification
- Know definition of Fragmented industry and also an example of that industry
- There were several M/C questions that asked for the definition of certain topics such as the Strategic Plan or Fragmented Industry
- Emerging Industries
- Several of the questions asked you to "give 3 benefits of..." or "give 3 reasons for failure" etc. These questions were used widely throughout the essay and short answer questions, especially pertaining to mergers, strategic alliances, emerging industries, etc.
I brought 3 sharpened pencils which was enough for me! There is a lot of writing and my hand was getting a little tired near the end. I finished in about 2 hours and 15 minutes, so I had enough time to check answers and correct the essays. I feel confident that I passed, but I guess I will know for sure in about 3 weeks or so! I hope someone finds this information helfpful! Concentrate solely on the book, especially know the steps to certain processes, and you should pass! Good Luck to all future test takers!
~Kelsey
P.S. My next TECEP is Financial markets and Institutions so if anyone can provide any helpful feedback, I would appreciate it! If not, I will post my feedback when I take it in a few months.