Question 1

Management innovations such as total quality,just-in-time,benchmarking,business process reengineering,and outsourcing are important but not enough for building sustainable competitive advantage.

Accepted Answer

A) True 
 B)False

Question 2

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

Accepted Answer

A) True 
 B)False

Question 3

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) B) and D)
F) A) and B)

Question 4

Why do organizations need three types of leaders (local line leaders,executive leaders,internal networkers)? Use industry examples to support your answer.

Accepted Answer

Organizations need three types of leader...

Question 5

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) C) and D)

Question 6

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 B)
F) None of the above

Question 7

Community stakeholders are concerned primarily with

Accepted Answer

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

Question 8

The vision and mission statements of a company set the overall direction of the organization.Strategic objectives serve what role?

Accepted Answer

A)   operationalize the mission statement
B)   modify the mission statement
C)   are a shorter version of the mission statement
D)   are only clarified by the board of directorsE) A) and D)
F) All of the above

Question 9

Do corporate mission statements really matter? Justify your response with concrete industry examples.

Accepted Answer

Yes, corporate mission statements do mat...

Question 10

Social responsibility is the idea that organizations are only accountable to stockholders.

Accepted Answer

A) True 
 B)False

Question 11

According to Henry Mintzberg,the final realized strategy of a firm is

Accepted Answer

A)   a combination of deliberate and emergent strategies.
B)   a combination of deliberate and differentiation strategies.
C)   not deliberate.
D)   a result of unrealized intended strategy.E) A) and B)
F) A) and D)

Question 12

Employee stakeholders are concerned with

Accepted Answer

A)   taxes, warranties, and regulations.
B)   wages, benefits, and job security.
C)   good citizenship behavior.
D)   dividends.E) A) and C)
F) B) and C)

Question 13

Some benefits of sustainability projects include

Accepted Answer

A)   reducing risks.
B)   lagging behind regulations.
C)   displeasing communities.
D)   ignoring employee morale.E) All of the above
F) C) and D)

Question 14

Strategy formulation and implementation is a challenging ongoing process.To be effective,it should not involve

Accepted Answer

A)   the CEO and the board of directors.
B)   the board of directors, CEO, and CFO.
C)   rivals.
D)   line and staff managers.E) B) and C)
F) C) and D)

Question 15

Lands' End's failure under the leadership of Ms.Frederica Marchionni was said to be a direct result of the quality of her leadership.According to the text,this would be an example of the "romantic" perspective of leadership.

Accepted Answer

A) True 
 B)False

Question 16

Sustainability is being increasingly recognized as a source of cost efficiencies and revenue growth.

Accepted Answer

A) True 
 B)False

Question 17

Effective vision statements include

Accepted Answer

A)   all strategic directions of the organization.
B)   a brief statement of the company's direction.
C)   strategic posturing and future objectives.
D)   financial objectives and projected figures.E) B) and C)
F) All of the above

Question 18

The text addresses two perspectives of leadership as well as their implications.These two perspectives are

Accepted Answer

A)   romantic and unromantic.
B)   romantic and internal control.
C)   external control and unromantic.
D)   romantic and external control.E) All of the above
F) B) and D)

Question 19

Wall Street executives have received excessive bonus pay in the past.This concerns which of the following stakeholder groups most directly?

Accepted Answer

A)   government
B)   suppliers
C)   creditors
D)   stockholdersE) None of the above
F) B) and D)

Question 20

A CEO made a lot of mistakes in assessing the market and the competitive conditions and improperly redesigning the organization into numerous business units.Such errors led to significant performance declines.According to the text,this example illustrates the ________ perspective of leadership.

Accepted Answer

A)   external control
B)   romantic
C)   internal mechanism
D)   operationalE) A) and D)
F) A) and B)

Exam 1: Strategic Management: Creating Competitive Advantages

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

Correct AnswerverifiedShow Answer

Executive leaders champion and guide ideas by

Correct AnswerverifiedShow Answer

Employee stakeholders are concerned with

Correct AnswerverifiedShow Answer

Wall Street executives have received excessive bonus pay in the past.This concerns which of the following stakeholder groups most directly?

Correct AnswerverifiedShow Answer

Why do organizations need three types of leaders (local line leaders,executive leaders,internal networkers)? Use industry examples to support your answer.

Correct AnswerAnswered by ExamLex AIOrganizations need three types of leader...View AnswerShow Answer

Do corporate mission statements really matter? Justify your response with concrete industry examples.

Correct AnswerAnswered by ExamLex AIYes, corporate mission statements do mat...View AnswerShow Answer

The text addresses two perspectives of leadership as well as their implications.These two perspectives are

Correct AnswerverifiedShow Answer

Strategy formulation and implementation is a challenging ongoing process.To be effective,it should not involve

Correct AnswerverifiedShow Answer

Sustainability is being increasingly recognized as a source of cost efficiencies and revenue growth.

Correct AnswerverifiedShow Answer

The vision and mission statements of a company set the overall direction of the organization.Strategic objectives serve what role?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Lands' End's failure under the leadership of Ms.Frederica Marchionni was said to be a direct result of the quality of her leadership.According to the text,this would be an example of the "romantic" perspective of leadership.

Correct AnswerverifiedShow Answer

Management innovations such as total quality,just-in-time,benchmarking,business process reengineering,and outsourcing are important but not enough for building sustainable competitive advantage.

Correct AnswerverifiedShow Answer

According to Henry Mintzberg,the final realized strategy of a firm is

Correct AnswerverifiedShow Answer

A CEO made a lot of mistakes in assessing the market and the competitive conditions and improperly redesigning the organization into numerous business units.Such errors led to significant performance declines.According to the text,this example illustrates the ________ perspective of leadership.

Correct AnswerverifiedShow Answer

Effective vision statements include

Correct AnswerverifiedShow Answer

Social responsibility is the idea that organizations are only accountable to stockholders.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Community stakeholders are concerned primarily with

Correct AnswerverifiedShow Answer

Some benefits of sustainability projects include

Correct AnswerverifiedShow Answer

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Answered by ExamLex AI
Organizations need three types of leader...
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Answered by ExamLex AI
Yes, corporate mission statements do mat...
View Answer

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