Question 1

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. 
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.

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

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) operational 
A) external control 
B) romantic 
C) internal mechanism 
D) operational

Question 4

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. 
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.

Question 5

Vision statements are used to create a better understanding of the overall purpose and direction of the organization.Vision statements

Accepted Answer

A) are very specific. 
B) provide specific objectives. 
C) set organizational structure. 
D) are massively inspiring. 
A) are very specific. 
B) provide specific objectives. 
C) set organizational structure. 
D) are massively inspiring.

Question 6

Strategy implementation can be the most difficult part of the strategic management process.Which of the following is not likely to be a cause of implementation failure?

Accepted Answer

A) leadership 
B) competition 
C) coordination and integration of activities within and outside of the firm 
D) organizational commitment to excellence 
A) leadership 
B) competition 
C) coordination and integration of activities within and outside of the firm 
D) organizational commitment to excellence

Question 7

Leadership is a necessary (but not sufficient)condition for organizational success.Leaders should emerge at which level(s)of an organization?

Accepted Answer

A) only at the top 
B) in the middle 
C) throughout the organization 
D) only during times of change 
A) only at the top 
B) in the middle 
C) throughout the organization 
D) only during times of change

Question 8

________ may be considered the advance work that must be done in order to effectively formulate and implement strategies.

Accepted Answer

A) Goal setting 
B) Corporate entrepreneurship 
C) Strategy analysis 
D) Organizational design 
A) Goal setting 
B) Corporate entrepreneurship 
C) Strategy analysis 
D) Organizational design

Question 9

WellPoint Health Network states: WellPoint will redefine our industry through a new generation of consumer-friendly products that put individuals back in control of their future.This is an example of a

Accepted Answer

A) strategic objective. 
B) vision statement. 
C) vague statement of direction. 
D) line manager's individual goal. 
A) strategic objective. 
B) vision statement. 
C) vague statement of direction. 
D) line manager's individual goal.

Question 10

Strategies should be formulated that enhance foremost the ________ capacity of a firm.

Accepted Answer

A) innovative 
B) learning 
C) implementation 
D) business-level 
A) innovative 
B) learning 
C) implementation 
D) business-level

Question 11

An idealistic vision can arouse employee enthusiasm and therefore is a good vision.

Accepted Answer

A) True 
 B)False

Question 12

Peter Senge,of MIT,recognized three types of leaders.Which of the following describes individuals who champion and guide ideas,create learning infrastructure,and establish a domain for taking action?

Accepted Answer

A) local line leaders 
B) executive leaders 
C) internal networkers 
D) shop floor leaders 
A) local line leaders 
B) executive leaders 
C) internal networkers 
D) shop floor leaders

Question 13

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

Accepted Answer

A) True 
 B)False

Question 14

Richard Branson of the Virgin Group believes that the ________ of a person should not dictate the level of influence their ideas should be accorded.

Accepted Answer

A) age 
B) seniority 
C) position 
D) education 
A) age 
B) seniority 
C) position 
D) education

Question 15

The organizational versus the individual rationality perspective suggests that objectives that are

Accepted Answer

A) good for a functional area are always good for the overall organization. 
B) good for the overall organization are always best for a functional area. 
C) best for a functional area may not be best for the overall organization. 
D) best for one functional area will never be best for all functional areas. 
A) good for a functional area are always good for the overall organization. 
B) good for the overall organization are always best for a functional area. 
C) best for a functional area may not be best for the overall organization. 
D) best for one functional area will never be best for all functional areas.

Question 16

The final realized strategy of a firm is a combination of deliberate and time-tested strategies only.

Accepted Answer

A) True 
 B)False

Question 17

Our goal is to help save 100,000 more lives each year.(Varian Medical Systems)This is an example of a

Accepted Answer

A) nonfinancial strategic objective. 
B) financial strategic objective. 
C) vision statement. 
D) mission statement. 
A) nonfinancial strategic objective. 
B) financial strategic objective. 
C) vision statement. 
D) mission statement.

Question 18

Strategy formulation at the business level addresses best how to compete in a given business

Accepted Answer

A) to attain competitive advantage. 
B) to reduce costs. 
C) to decrease buyer power. 
D) to thwart entry of new rivals. 
A) to attain competitive advantage. 
B) to reduce costs. 
C) to decrease buyer power. 
D) to thwart entry of new rivals.

Question 19

Netflix inculcates a strategic management perspective by

Accepted Answer

A) emphasizing transparency. 
B) creating an environment of non-sharing. 
C) obliging a top-down management style. 
D) training only high potential employees. 
A) emphasizing transparency. 
B) creating an environment of non-sharing. 
C) obliging a top-down management style. 
D) training only high potential employees.

Question 20

Decisions by boards of directors are always consistent with shareholder interests.

Accepted Answer

A) True 
 B)False

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

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

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.

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

Vision statements are used to create a better understanding of the overall purpose and direction of the organization.Vision statements

Strategy implementation can be the most difficult part of the strategic management process.Which of the following is not likely to be a cause of implementation failure?

Leadership is a necessary (but not sufficient)condition for organizational success.Leaders should emerge at which level(s)of an organization?

________ may be considered the advance work that must be done in order to effectively formulate and implement strategies.

WellPoint Health Network states: WellPoint will redefine our industry through a new generation of consumer-friendly products that put individuals back in control of their future.This is an example of a

Strategies should be formulated that enhance foremost the ________ capacity of a firm.

An idealistic vision can arouse employee enthusiasm and therefore is a good vision.

Peter Senge,of MIT,recognized three types of leaders.Which of the following describes individuals who champion and guide ideas,create learning infrastructure,and establish a domain for taking action?

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

Richard Branson of the Virgin Group believes that the ________ of a person should not dictate the level of influence their ideas should be accorded.

The organizational versus the individual rationality perspective suggests that objectives that are

The final realized strategy of a firm is a combination of deliberate and time-tested strategies only.

Our goal is to help save 100,000 more lives each year.(Varian Medical Systems)This is an example of a

Strategy formulation at the business level addresses best how to compete in a given business

Netflix inculcates a strategic management perspective by

Decisions by boards of directors are always consistent with shareholder interests.

Analyzing the External Environment of the Firm: Creating Competitive Advantages

Assessing the Internal Environment of the Firm

Recognizing a Firms Intellectual Assets: Moving Beyond a Firms Tangible Resources

Business-Level Strategy: Creating and Sustaining Competitive Advantages

Corporate-Level Strategy: Creating Value Through Diversification

International Strategy: Creating Value in Global Markets

Entrepreneurial Strategy and Competitive Dynamics

Strategic Control and Corporate Governance

Creating Effective Organizational Designs

Strategic Leadership: Creating a Learning Organization and an Ethical Organization

Managing Innovation and Fostering Corporate Entrepreneurship

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Exam 1: Strategic Management: Creating Competitive Advantages

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

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

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.

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

Vision statements are used to create a better understanding of the overall purpose and direction of the organization.Vision statements

Strategy implementation can be the most difficult part of the strategic management process.Which of the following is not likely to be a cause of implementation failure?

Leadership is a necessary (but not sufficient)condition for organizational success.Leaders should emerge at which level(s)of an organization?

________ may be considered the advance work that must be done in order to effectively formulate and implement strategies.

WellPoint Health Network states: WellPoint will redefine our industry through a new generation of consumer-friendly products that put individuals back in control of their future.This is an example of a

Strategies should be formulated that enhance foremost the ________ capacity of a firm.

An idealistic vision can arouse employee enthusiasm and therefore is a good vision.

Peter Senge,of MIT,recognized three types of leaders.Which of the following describes individuals who champion and guide ideas,create learning infrastructure,and establish a domain for taking action?

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

Richard Branson of the Virgin Group believes that the ________ of a person should not dictate the level of influence their ideas should be accorded.

The organizational versus the individual rationality perspective suggests that objectives that are

The final realized strategy of a firm is a combination of deliberate and time-tested strategies only.

Our goal is to help save 100,000 more lives each year.(Varian Medical Systems)This is an example of a

Strategy formulation at the business level addresses best how to compete in a given business

Netflix inculcates a strategic management perspective by

Decisions by boards of directors are always consistent with shareholder interests.

Analyzing the External Environment of the Firm: Creating Competitive Advantages

Assessing the Internal Environment of the Firm

Recognizing a Firms Intellectual Assets: Moving Beyond a Firms Tangible Resources

Business-Level Strategy: Creating and Sustaining Competitive Advantages

Corporate-Level Strategy: Creating Value Through Diversification

International Strategy: Creating Value in Global Markets

Entrepreneurial Strategy and Competitive Dynamics

Strategic Control and Corporate Governance

Creating Effective Organizational Designs

Strategic Leadership: Creating a Learning Organization and an Ethical Organization

Managing Innovation and Fostering Corporate Entrepreneurship

Filters