Exam 1: Strategic Leadership: Managing the Strategy Making Process for Competitive Advantage

The planning model suggests that a company's strategies are the result of a plan from a highly structured process orchestrated by top management.

Which of the following statements is true about functional-level managers?

Which of the following is not a characteristic of well-constructed goals?

In the context of strategic management of a company,_____ have profit-and-loss responsibility for a product,a business,or the company as a whole.

An important first step in the process of formulating a company's mission is to answer the question:

Which of the following dimensions is encompassed by a company's business model?

ROIC is a measure of how efficiently and effectively managers use the capital at their disposal to produce profitability.

Jeffrey Pfeffer believes that a manager's power comes from his or her:

Explain the difference between general and functional managers.Provide an example of each from your college or university.

Systematic errors in the decision-making process are most often caused by:

Which of the following statements is true about a SWOT analysis?

A SWOT analysis is implemented to fine-tune strategies.

Identify the levels of strategic managers and discuss their role in the strategic management process.

Scenario planning is a technique for coping with the problem of:

A business model is managers' conception of how the set of strategies their company pursues should mesh together into a congruent whole,thus enabling the company to gain a competitive advantage and achieve superior profitability and profit growth.

The first component of the strategic management process is:

If a company focuses on its customers and creates incentives for employee productivity,the company will likely be successful in delivering shareholder value.

A general manager announces a new policy that includes an end-of-the year bonus for all employees if the company achieves its overall productivity goal.This is an example of a manager:

Good strategic leaders:

Which of the following statements is true about emergent strategies?