Question 1

In contrast to the vision of an organization, its mission should

Accepted Answer

A)   be shorter in length.
B)   encompass both the purpose of the company as well as the basis of competition.
C)   encompass all the major rules and regulations of the corporate work force.
D)   be less detailed.E) A) and C)
F) A) and D)

Question 2

Executive leaders champion and guide ideas by

Accepted Answer

A)   reinforcing ideas that did not work.
B)   creating a learning infrastructure.
C)   validating their formal authority.
D)   increasing their personal power.E) A) and B)
F) B) and C)

Question 3

Ambidextrous behaviors in individuals illustrate how a dual capacity for ________ can be woven into the fabric of an organization at the individual level.

Accepted Answer

A)   alignment and adaptability
B)   alignment and transparency
C)   alignment and internal linkages
D)  alignment and efficiencyE) B) and C)
F) A) and B)

Question 4

According to a CEO survey by Accenture, ________ are not mutually exclusive corporate goals.

Accepted Answer

A)   quality and profitability
B)   sustainability and profitability
C)   ROI and quality
D)   availability and ROIE) B) and D)
F) B) and C)

Question 5

According to Henry Mintzberg, a management scholar, most firms do not realize their original intended strategy.

Accepted Answer

A) True 
 B)False

Question 6

Corporate-level strategy looks at how to manage the ________ of its businesses to create synergies.

Accepted Answer

A)   portfolio
B)   stock prices
C)   competitors
D)   market pricingE) A) and B)
F) A) and C)

Question 7

Internal networks generate their power through the ________ of their ideas.

Accepted Answer

A)   validity and correctness
B)   conviction and clarity
C)   validation and recognition
D)   approval and awarenessE) A) and B)
F) A) and D)

Question 8

The hierarchy of organizational goals is in the following order (least specific to most specific) :

Accepted Answer

A)   vision statements, strategic objectives, mission statements.
B)   mission statements, strategic objectives, vision statements.
C)   vision statements, mission statements, strategic objectives.
D)   mission statements, vision statements, strategic objectives.E) A) and B)
F) A) and C)

Question 9

In the interview with Admiral William H.McRaven, he suggests that several duties, responsibilities and organizational relationships are similar between his military career activity andhisrole as chancellor. He says that he is a servant leader. Which of the following lessons is not one from his military career?

Accepted Answer

A)   Change cannot be made without understanding the organizational environment.
B)   A leader must establish relationships early by reaching out to stakeholders within and external to the organization.
C)   Communication and collaboration need to be reinforced by the organizational culture.
D)   Actions must be moral, legal, ethical, and judgmental.E) B) and D)
F) A) and B)

Question 10

Richard Branson of the Virgin Group believes that the ________ of a person should not dictate the level of influence their ideas should be accorded.

Accepted Answer

A)   age
B)   seniority
C)   position
D)   educationE) B) and D)
F) All of the above

Question 11

Stakeholders are

Accepted Answer

A)   a new way to describe stockholders.
B)   individuals, groups, and organizations who have a stake in the success of the organization.
C)   creditors who hold a lien on the assets of the organization.
D)   attorneys and their clients who sue the organization.E) None of the above
F) A) and B)

Question 12

According to the text, the strategic management process entails three ongoing processes. They are

Accepted Answer

A)   analyses, actions, and synthesis.
B)   analyses, decisions, and actions.
C)   analyses, evaluation, and critique.
D)   analyses, synthesis, and decisions.E) None of the above
F) B) and C)

Question 13

Although such visions cannot be accurately measured by a specific indicator of how well they are being achieved, they do provide a fundamental statement of the ________ of an organization.

Accepted Answer

A)   values, aspirations, and goals
B)   expected returns and limitations
C)   outstanding debt
D)   credibilityE) A) and B)
F) A) and C)

Question 14

Local line leaders have ________ responsibility.

Accepted Answer

A)   local
B)   executive
C)   profit-and-loss
D)   noE) B) and C)
F) A) and D)

Question 15

Community stakeholders are concerned primarily with

Accepted Answer

A)   product warranties.
B)   corporate citizenship behavior.
C)   capital appreciation.
D)   repayment of principal.E) C) and D)
F) B) and D)

Question 16

Nortel, like other firms, suffered from a drop in overall industry demand for telecommunications equipment during 2000 and 2001. According to the text, this would be an example of the "romantic" perspective of leadership.

Accepted Answer

A) True 
 B)False

Question 17

According to the external control view of leadership, which of the following factors would not be considered an external factor that might positively or negatively affect a firm's success?

Accepted Answer

A)   economic downturns
B)   governmental legislation
C)   outbreak of war
D)   company employee moraleE) B) and C)
F) None of the above

Question 18

Two types of strategic control that firms must exercise for good strategy implementation are

Accepted Answer

A)   informational and confrontational.
B)   confrontational and behavioral.
C)   behavioral and financial.
D)   informational and behavioral.E) A) and C)
F) A) and B)

Question 19

For strategic management to be effective in achieving organizational goals,

Accepted Answer

A)   people throughout the organization must work in isolation.
B)   top managers only take an integrative, strategic perspective.
C)   leaders alone are responsible for the organizational outcome.
D)   people throughout the organization must strive toward overall goals.E) None of the above
F) A) and B)

Question 20

Firms must be aware of goals other than short-term profit maximization. One area of concern should be social responsibility, which is the

Accepted Answer

A)   expectation that business will strive to improve the overall welfare of society.
B)   idea that organizations are solely responsible to local citizens.
C)   fact that court costs could impact the financial bottom line.
D)   idea that businesses are responsible for maintaining a healthy social climate for their employees.E) All of the above
F) B) and C)

Exam 1: Strategic Management Creating Competitive Advantages

Correct Answer
verified

According to the external control view of leadership, which of the following factors would not be considered an external factor that might positively or negatively affect a firm's success?

Correct Answer
verified

Two types of strategic control that firms must exercise for good strategy implementation are

Correct Answer
verified

Internal networks generate their power through the ________ of their ideas.

Correct Answer
verified

Richard Branson of the Virgin Group believes that the ________ of a person should not dictate the level of influence their ideas should be accorded.

Correct Answer
verified

Firms must be aware of goals other than short-term profit maximization. One area of concern should be social responsibility, which is the

Correct Answer
verified

Nortel, like other firms, suffered from a drop in overall industry demand for telecommunications equipment during 2000 and 2001. According to the text, this would be an example of the "romantic" perspective of leadership.

Correct Answer
verified

Corporate-level strategy looks at how to manage the ________ of its businesses to create synergies.

Correct Answer
verified

Community stakeholders are concerned primarily with

Correct Answer
verified

According to Henry Mintzberg, a management scholar, most firms do not realize their original intended strategy.

Correct Answer
verified

For strategic management to be effective in achieving organizational goals,

Correct Answer
verified

According to a CEO survey by Accenture, ________ are not mutually exclusive corporate goals.

Correct Answer
verified

According to the text, the strategic management process entails three ongoing processes. They are

Correct Answer
verified

Ambidextrous behaviors in individuals illustrate how a dual capacity for ________ can be woven into the fabric of an organization at the individual level.

Correct Answer
verified

Stakeholders are

Correct Answer
verified

Local line leaders have ________ responsibility.

Correct Answer
verified

The hierarchy of organizational goals is in the following order (least specific to most specific) :

Correct Answer
verified

In contrast to the vision of an organization, its mission should

Correct Answer
verified

Executive leaders champion and guide ideas by

Correct Answer
verified

Although such visions cannot be accurately measured by a specific indicator of how well they are being achieved, they do provide a fundamental statement of the ________ of an organization.

Correct Answer
verified

Exam 1: Strategic Management Creating Competitive Advantages

Correct AnswerverifiedShow Answer

According to the external control view of leadership, which of the following factors would not be considered an external factor that might positively or negatively affect a firm's success?

Correct AnswerverifiedShow Answer

Two types of strategic control that firms must exercise for good strategy implementation are

Correct AnswerverifiedShow Answer

Internal networks generate their power through the ________ of their ideas.

Correct AnswerverifiedShow Answer

Richard Branson of the Virgin Group believes that the ________ of a person should not dictate the level of influence their ideas should be accorded.

Correct AnswerverifiedShow Answer

Firms must be aware of goals other than short-term profit maximization. One area of concern should be social responsibility, which is the

Correct AnswerverifiedShow Answer

Nortel, like other firms, suffered from a drop in overall industry demand for telecommunications equipment during 2000 and 2001. According to the text, this would be an example of the "romantic" perspective of leadership.

Correct AnswerverifiedShow Answer

Corporate-level strategy looks at how to manage the ________ of its businesses to create synergies.

Correct AnswerverifiedShow Answer

Community stakeholders are concerned primarily with

Correct AnswerverifiedShow Answer

According to Henry Mintzberg, a management scholar, most firms do not realize their original intended strategy.

Correct AnswerverifiedShow Answer

For strategic management to be effective in achieving organizational goals,

Correct AnswerverifiedShow Answer

According to a CEO survey by Accenture, ________ are not mutually exclusive corporate goals.

Correct AnswerverifiedShow Answer

According to the text, the strategic management process entails three ongoing processes. They are

Correct AnswerverifiedShow Answer

Ambidextrous behaviors in individuals illustrate how a dual capacity for ________ can be woven into the fabric of an organization at the individual level.

Correct AnswerverifiedShow Answer

Stakeholders are

Correct AnswerverifiedShow Answer

Local line leaders have ________ responsibility.

Correct AnswerverifiedShow Answer

The hierarchy of organizational goals is in the following order (least specific to most specific) :

Correct AnswerverifiedShow Answer

In contrast to the vision of an organization, its mission should

Correct AnswerverifiedShow Answer

Executive leaders champion and guide ideas by

Correct AnswerverifiedShow Answer

Although such visions cannot be accurately measured by a specific indicator of how well they are being achieved, they do provide a fundamental statement of the ________ of an organization.

Correct AnswerverifiedShow Answer

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