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In a mixing bowl, combine the cream of mushroom soup, beef broth, Worcestershire sauce, onion soup mix, garlic powder, and black pepper. Stir until smooth.
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Place the beef tips (and onions or mushrooms, if using) into the baking dish.
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Pour the soup mixture evenly over the beef. Stir gently to coat all the pieces.
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Cover tightly with foil or a fitted lid. This is key — do not open or peek while baking!
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Bake for 2.5 to 3 hours, until the beef is melt-in-your-mouth tender and the sauce is rich and thick.
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Remove from oven and give it a quick stir. Serve hot over mashed potatoes, rice, or egg noodles.
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