Exam 13: Creating Vision and Strategic Direction

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A leader using the approach of excellence focuses on finding or creating something new.

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Focusing on core competencies and attaining synergy help companies create value for their customers.

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Briefly describe strategic leadership.

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Strategic leadership means the ability to anticipate and envision the future, maintain flexibility, think strategically, and initiate changes that will create a competitive advantage for the organization in the future. In a fast-changing world, leaders are faced with a bewildering array of complex and ambiguous information, and no two leaders will see things the same way or make the same choices.

Ivan wants to identify his company's core competence so he can develop successful strategies. His company hires highly qualified people to provide computer repairs for its customers. Every repair worker goes to customer sites with as much equipment as possible to quickly complete repairs. Unlike other computer repair companies in town, Ivan guarantees same-day repair. If repairs can't be completed on the same day, Ivan's company will probably lose that dissatisfied customer's business. What is Ivan's company's core competence?

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Briefly explain the principle of self-reference.

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In an organization, when every person understands and embraces a vision _____.

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A leader who is all action and little vision is actually uninvolved.

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Which of the following statements is true of strategy?

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List the techniques that can help leaders effectively implement strategy.

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Briefly describe how vision works in a number of important ways.

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To improve strategic leadership, leaders can:

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The purpose of _____ inspires people to see the adventure in their work and experience the joy of a pioneering or entrepreneurial spirit.

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To be a(n) _____, one dreams big and transforms those dreams into significant strategic action, either through one's own activities or by hiring other leaders who can effectively execute the vision and strategy.

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"The increase of knowledge" is an example of a _____.

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Describe the four themes that are common to powerful, effective visions.

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_____ integrates knowledge of the environment, vision, and mission with the company's core competence in such a way as to attain synergy and create value for customers.

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Which of the following is a difference between strategies and execution?

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Samuel heads a company that manufactures cell phones. He places emphasis on innovation and creation of new products and features rather than imitation of competitors' products. This instance shows that Samuel uses the _____ approach to frame the purpose of his organization.

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An effective mission statement:

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In companies with excellence as a guiding purpose, _____.

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