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Exam 2: Strategic Leadership: Managing the Strategy Process

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Question 61

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Which of the following is an example of an organizational value?

A) Burtell Oil, Inc. increases the inspection of pipelines above the legal requirement to prevent oil spills.
B) Burtell Oil, Inc. lowers gas prices to gain an advantage over their closest competitor.
C) Burtell Oil, Inc. finances research for finding oil deposits within the United States.
D) Burtell Oil, Inc. launches an ad campaign that promotes the company as being environmentally friendly.

E) C) and D)
F) None of the above

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Question 62

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

A) strategy formulation
B) strategy analysis
C) strategy implementation
D) strategy initiation

E) A) and D)
F) A) and C)

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Question 63

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According to the upper-echelons theory,the organizational outcomes of a company primarily reflect the values of the

Understanding the Resource Allocation Process (RAP) will have large effects on shaping a firm's realized strategy.Which of the following is an example of such an allocation of resources?

The CEO of Juliet Computers was the child of parents who had difficulty making enough money to support their family.As a result,he and his siblings did not have access to many advantages that children from wealthier families had.This CEO,therefore,emphasized making affordable computers that could be bought by low-income households.Which of the following does this example demonstrate?

As the CEO of a conglomerate,Juana Mark exhibited her strong commitment toward the company's core value that customers' well-being is more important than profit when she decided to liquidate the company's tobacco subsidiary.The tobacco brand sold by her company was a major revenue earner in lesser-developed nations.However,Juana believed that her company had to be responsible toward society.In this scenario,Juana has demonstrated

Customer-oriented visions do not

Any unplanned strategic initiative undertaken by mid-level employees of their own volition is a(n)

Which of the following is an assumption that top-down strategic planning rests on?

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 willpower and humility when he or she reaches