Exam 16: Current Trends in Strategic Management

The first two decades of the 20^th and 21^st centuries were similar in terms of factors that were reshaping the business environment.The most significant of these common factors were:

If competition,market turbulence,and accelerating technological change are increasing the pace at which firms' competitive advantage is eroded,to sustain competitive advantage companies need to:

For shareholder value maximization to be a helpful goal for top management it needs to focus not on stock market value but on the fundamental drivers of value.

According to the economist Brian Arthur,the "second economy" comprises:

The business environment of the 21st century has been characterized by turbulence and unpredictability.

During turbulent times,real options are increasingly important sources of value.The following are strategic measures can create option value for a firm:

The growing interconnectedness of the world economy and human society cannot be regarded as a contributing factor to the increasing volatility and unpredictability of global environment of business.

Complementarity research should not be used by a company as an excuse for not adopting a best practice such as a "six-sigma" quality management systems "lean production" manufacturing processes,or a "360-degree" employee appraisal system.

Organizational identity refers to:

A major implication of corporate scandals,inequality,and environmental sustainability implies that company executives need for firm strategy to pay greater attention to:

Real options theory may change strategic management by:

According to systems theory,high levels of interconnectedness can lead to:

A growing source of competition to western companies has been new computers from emerging market countries which have made the transition from supplying OEM products to Western manufactures and distributors to providing products under their own brand names.

The most effective remedy for the problems that have arisen from top managements' pursuit of shareholder value is likely to be:

According to the predictions of complexity theory,which of the following managerial actions is not likely to promote rapid evolutionary adaptation by an organization?

During 2000-2013,the ratio of CEO compensation to the earnings of production workers among US companies averaged:

The experiences of British retailer Marks & Spencer and chocolate maker Cadbury confirms the fact that commitment to social responsibility and the interests of employees results in a more responsive and adaptable business enterprise.

As organizations and their environments become more complex and less predictable,the kind of leadership that fosters effective organizational adaptation is increasingly characterized by:

Research into leadership generally supports the view that complex organizations facing uncertain environments require leaders that are decisive decision makers rather than humble; empathetic individuals endowed with social and emotional intelligence.

Of the 95 Chinese companies that were members of the Fortune Global 500 in 2015,few were state-owned enterprises.