Question 1

According to the Level-5 leadership pyramid, a manager in Level 1 typically:

Accepted Answer

A)   makes productive contributions through motivation, talent, knowledge, and skills.
B)   works effectively with others to achieve synergies and team objectives.
C)   presents compelling vision and mission to guide groups toward superior performance.
D)   builds enduring greatness into the organizations he or she leads.E) A) and B)
F) A) and C)

Question 2

Which of the following is a customer-oriented vision?

Accepted Answer

A)   To be the most progressive insurance company
B)   To be the best automobile company in the world
C)   To enable people throughout the globe to identify their capabilities
D)   To manufacture innovative products through continuous learningE) A) and D)
F) B) and D)

Question 3

Who formulates a company's corporate strategy? What is the objective of this strategy?

Accepted Answer

Corporate executives at headquarters for...

Question 4

A _____ is best described as any activity a firm pursues to explore and develop new products and processes, new markets, or new ventures.

Accepted Answer

A)   strategic initiative
B)   value chain
C)   supply chain
D)   corrective actionE) None of the above
F) A) and B)

Question 5

The pharmaceutical company Merck's new drug Vioxx was a blockbuster, generating revenues of $2.5 billion a year by 2002 and growing fast.When allegations began to appear in the medical community, Merck announced the voluntary withdrawal of Vioxx from the market.In this example, Merck provides an example of what can happen if a company deviates from its _____.

Accepted Answer

A)   voluntary responsibilities
B)   realized strategy
C)   core values
D)   strategic decisionsE) B) and C)
F) A) and C)

Question 6

A traditional top-down strategic planning process typically begins with:

Accepted Answer

A)   employees at the operational level identifying problems within an organization.
B)   functional managers formulating functional strategies for their respective departments.
C)   strategic leaders adjusting a company's vision and mission based on environmental analysis.
D)   employees who have close contact with customers taking autonomous actions.E) A) and B)
F) A) and C)

Question 7

Which of the following functions do the general managers in strategic business units primarily perform?

Accepted Answer

A)   Design generic business strategies based on guidelines received from corporate headquarters
B)   Set overarching strategic objectives to unify the entire conglomerate under one mission
C)   Take responsibility for decisions and actions within a single functional area
D)   Allocate scarce resources among different business divisionsE) None of the above
F) All of the above

Question 8

Discuss the role top management teams play in a planned emergence model of strategic management.

Accepted Answer

Although emergent strategies can arise f...

Question 9

According to the Level-5 leadership pyramid, a manager turns into an executive who is capable of building lasting greatness into the organization through a combination of will power and humility when he or she reaches _____.

Accepted Answer

A)   Level 5
B)   Level 3
C)   Level 2
D)   Level 1E) A) and C)
F) A) and B)

Question 10

_____ is best described as a rational process in which executives at a company's headquarters take primary responsibility to program future success of the company they lead.

Accepted Answer

A)   Bottom-up strategic approach
B)   Top-down strategic planning
C)   Reverse mentoring
D)   Emergent strategic planE) A) and B)
F) A) and C)

Question 11

True Help is a non-profit organization that works toward rehabilitating the homeless.The credo of the organization is "help us help you." For an organization like True Help, which of the following statements would make an appropriate mission?

Accepted Answer

A)   Help us help you find a home.
B)   One day, everyone in this nation will have a home to protect themselves.
C)   We help the homeless gain and sustain financial independence by providing employment opportunities.
D)   Our mission is to turn this not-for-profit organization into a for-profit organization so that the stakeholders are benefited.E) A) and C)
F) A) and D)

Question 12

Comment on the statement "Customer-oriented visions do not define how a customer need will be met."

Accepted Answer

It is important not to confuse customer-...

Question 13

Which of the following statements is true of corporate strategy?

Accepted Answer

A)   The objective of corporate-level strategy is to ensure that the sum of the values of individual business units is greater than the overall corporate value.
B)   A corporate strategy must be able to create synergies across business units that are quite different.
C)   Formulating a corporate strategy involves general managers answering questions relating to how to compete in order to achieve superior performance.
D)   Deciding whether to adopt a differentiation or a cost-leadership strategy is part of formulating the corporate strategy.E) A) and B)
F) All of the above

Question 14

Which of the following statements is true of strategic initiatives?

Accepted Answer

A)   Strategic initiatives can be the result of a response to external trends or come from internal sources.
B)   When lower-level employees are less empowered, the possibility of strategic initiatives is higher.
C)   Strategic initiatives result from top-down planning by executives and not through a bottom-up process.
D)   Random events and accidental happenstances reduce the possibility of strategic initiatives in organizations.E) A) and B)
F) A) and C)

Question 15

Lower-level employees focus mainly on _____ when a firm is using top-down or scenario planning as an approach to the strategic management process.

Accepted Answer

A)   strategy formulation
B)   strategy analysis
C)   strategy implementation
D)   strategy initiationE) All of the above
F) A) and B)

Question 16

To implement specific business strategies, general managers of strategic business units rely on:

Accepted Answer

A)   external stakeholders.
B)   corporate executives.
C)   strategic leaders.
D)   functional managers.E) A) and B)
F) A) and C)

Question 17

Who among the following is responsible for making business strategies in a large conglomerate?

Accepted Answer

A)   The board of directors at the headquarters
B)   The shareholder of the company
C)   The lower-level employees in the company
D)   The general managers of individual business unitsE) B) and C)
F) All of the above

Question 18

During an assessment of employees and leaders in a company, Ethan Browne was categorized as a Level-5 manager in the Level-5 leadership pyramid.Which of the following can be inferred from this information?

Accepted Answer

A)   Ethan is currently a team lead in the company.
B)   Ethan shows no signs of being a good leader.
C)   Ethan is a top management executive in the company.
D)   Ethan has just started his career as a member of a team in the company.E) All of the above
F) B) and D)

Question 19

Which of the following statements about product-oriented visions is true?

Accepted Answer

A)   They tend to force managers to take a myopic view of the landscape.
B)   They allow companies to effectively adapt to changing environments.
C)   They define a business in terms of providing solutions to customers.
D)   They allow firms to take a need-based approach to their goals.E) A) and B)
F) None of the above

Question 20

A company's strategic business unit:

Accepted Answer

A)   does not need to adopt the overall corporate strategy.
B)   is responsible for its own profit and loss.
C)   is a division solely created to design strategies during turbulent times.
D)   decides which industries and markets to compete in for an entire conglomerate.E) All of the above
F) B) and C)

Exam 2: Strategic Leadership: Managing the Strategy Process

During an assessment of employees and leaders in a company, Ethan Browne was categorized as a Level-5 manager in the Level-5 leadership pyramid.Which of the following can be inferred from this information?

Correct Answer
verified

_____ is best described as a rational process in which executives at a company's headquarters take primary responsibility to program future success of the company they lead.

Correct Answer
verified

To implement specific business strategies, general managers of strategic business units rely on:

Correct Answer
verified

According to the Level-5 leadership pyramid, a manager turns into an executive who is capable of building lasting greatness into the organization through a combination of will power and humility when he or she reaches _____.

Correct Answer
verified

Which of the following statements is true of corporate strategy?

Correct Answer
verified

True Help is a non-profit organization that works toward rehabilitating the homeless.The credo of the organization is "help us help you." For an organization like True Help, which of the following statements would make an appropriate mission?

Correct Answer
verified

Who among the following is responsible for making business strategies in a large conglomerate?

Correct Answer
verified

Which of the following statements about product-oriented visions is true?

Correct Answer
verified

Discuss the role top management teams play in a planned emergence model of strategic management.

Correct Answer
verified
Although emergent strategies can arise f...
View Answer

Which of the following statements is true of strategic initiatives?

Correct Answer
verified

A company's strategic business unit:

Correct Answer
verified

Lower-level employees focus mainly on _____ when a firm is using top-down or scenario planning as an approach to the strategic management process.

Correct Answer
verified

Who formulates a company's corporate strategy? What is the objective of this strategy?

Correct Answer
verified
Corporate executives at headquarters for...
View Answer

A traditional top-down strategic planning process typically begins with:

Correct Answer
verified

Which of the following functions do the general managers in strategic business units primarily perform?

Correct Answer
verified

According to the Level-5 leadership pyramid, a manager in Level 1 typically:

Correct Answer
verified

Which of the following is a customer-oriented vision?

Correct Answer
verified

Comment on the statement "Customer-oriented visions do not define how a customer need will be met."

Correct Answer
verified
It is important not to confuse customer-...
View Answer

A _____ is best described as any activity a firm pursues to explore and develop new products and processes, new markets, or new ventures.

Correct Answer
verified

Correct Answer
verified

Exam 2: Strategic Leadership: Managing the Strategy Process

During an assessment of employees and leaders in a company, Ethan Browne was categorized as a Level-5 manager in the Level-5 leadership pyramid.Which of the following can be inferred from this information?

Correct AnswerverifiedShow Answer

_____ is best described as a rational process in which executives at a company's headquarters take primary responsibility to program future success of the company they lead.

Correct AnswerverifiedShow Answer

To implement specific business strategies, general managers of strategic business units rely on:

Correct AnswerverifiedShow Answer

According to the Level-5 leadership pyramid, a manager turns into an executive who is capable of building lasting greatness into the organization through a combination of will power and humility when he or she reaches _____.

Correct AnswerverifiedShow Answer

Which of the following statements is true of corporate strategy?

Correct AnswerverifiedShow Answer

True Help is a non-profit organization that works toward rehabilitating the homeless.The credo of the organization is "help us help you." For an organization like True Help, which of the following statements would make an appropriate mission?

Correct AnswerverifiedShow Answer

Who among the following is responsible for making business strategies in a large conglomerate?

Correct AnswerverifiedShow Answer

Which of the following statements about product-oriented visions is true?

Correct AnswerverifiedShow Answer

Discuss the role top management teams play in a planned emergence model of strategic management.

Correct AnswerverifiedAlthough emergent strategies can arise f...View AnswerShow Answer

Which of the following statements is true of strategic initiatives?

Correct AnswerverifiedShow Answer

A company's strategic business unit:

Correct AnswerverifiedShow Answer

Lower-level employees focus mainly on _____ when a firm is using top-down or scenario planning as an approach to the strategic management process.

Correct AnswerverifiedShow Answer

Who formulates a company's corporate strategy? What is the objective of this strategy?

Correct AnswerverifiedCorporate executives at headquarters for...View AnswerShow Answer

A traditional top-down strategic planning process typically begins with:

Correct AnswerverifiedShow Answer

Which of the following functions do the general managers in strategic business units primarily perform?

Correct AnswerverifiedShow Answer

According to the Level-5 leadership pyramid, a manager in Level 1 typically:

Correct AnswerverifiedShow Answer

Which of the following is a customer-oriented vision?

Correct AnswerverifiedShow Answer

Comment on the statement "Customer-oriented visions do not define how a customer need will be met."

Correct AnswerverifiedIt is important not to confuse customer-...View AnswerShow Answer

A _____ is best described as any activity a firm pursues to explore and develop new products and processes, new markets, or new ventures.

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Correct Answer
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Correct Answer
verified

Correct Answer
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Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
Although emergent strategies can arise f...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
Corporate executives at headquarters for...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
It is important not to confuse customer-...
View Answer

Correct Answer
verified

Correct Answer
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