Question 1

The hierarchy of organizational goals is in the following order (least specific to most specific):

Accepted Answer

A)  vision statements, strategic objectives, mission statements. 
B)  mission statements, strategic objectives, vision statements. 
C)  vision statements, mission statements, strategic objectives. 
D)  mission statements, vision statements, strategic objectives. 
A)  vision statements, strategic objectives, mission statements. 
B)  mission statements, strategic objectives, vision statements. 
C)  vision statements, mission statements, strategic objectives. 
D)  mission statements, vision statements, strategic objectives.

Question 2

Local line leaders have ________ responsibility.

Accepted Answer

A)  local 
B)  executive 
C)  profit-and-loss 
D)  no 
A)  local 
B)  executive 
C)  profit-and-loss 
D)  no

Question 3

Ambidextrous behaviors in individuals illustrate how a dual capacity for ________ can be woven into the fabric of an organization at the individual level.

Accepted Answer

A)  alignment and adaptability 
B)  alignment and transparency 
C)  alignment and internal linkages 
D) alignment and efficiency 
A)  alignment and adaptability 
B)  alignment and transparency 
C)  alignment and internal linkages 
D) alignment and efficiency

Question 4

Stakeholders are

Accepted Answer

A)  a new way to describe stockholders. 
B)  individuals, groups, and organizations who have a stake in the success of the organization. 
C)  creditors who hold a lien on the assets of the organization. 
D)  attorneys and their clients who sue the organization. 
A)  a new way to describe stockholders. 
B)  individuals, groups, and organizations who have a stake in the success of the organization. 
C)  creditors who hold a lien on the assets of the organization. 
D)  attorneys and their clients who sue the organization.

Question 5

Nortel, like other firms, suffered from a drop in overall industry demand for telecommunications equipment during 2000 and 2001. According to the text, this would be an example of the "romantic" perspective of leadership.

Accepted Answer

A) True 
 B)False

Question 6

According to the external control view of leadership, which of the following factors would not be considered an external factor that might positively or negatively affect a firm's success?

Accepted Answer

A)  economic downturns 
B)  governmental legislation 
C)  outbreak of war 
D)  company employee morale 
A)  economic downturns 
B)  governmental legislation 
C)  outbreak of war 
D)  company employee morale

Question 7

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. 
A)  reinforcing ideas that did not work. 
B)  creating a learning infrastructure. 
C)  validating their formal authority. 
D)  increasing their personal power.

Question 8

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 pricing 
A)  portfolio 
B)  stock prices 
C)  competitors 
D)  market pricing

Question 9

Internal networks generate their power through the ________ of their ideas.

Accepted Answer

A)  validity and correctness 
B)  conviction and clarity 
C)  validation and recognition 
D)  approval and awareness 
A)  validity and correctness 
B)  conviction and clarity 
C)  validation and recognition 
D)  approval and awareness

Question 10

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 11

According to the text, the strategic management process entails three ongoing processes. They are

Accepted Answer

A)  analyses, actions, and synthesis. 
B)  analyses, decisions, and actions. 
C)  analyses, evaluation, and critique. 
D)  analyses, synthesis, and decisions. 
A)  analyses, actions, and synthesis. 
B)  analyses, decisions, and actions. 
C)  analyses, evaluation, and critique. 
D)  analyses, synthesis, and decisions.

Question 12

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 13

Although such visions cannot be accurately measured by a specific indicator of how well they are being achieved, they do provide a fundamental statement of the ________ of an organization.

Accepted Answer

A)  values, aspirations, and goals 
B)  expected returns and limitations 
C)  outstanding debt 
D)  credibility 
A)  values, aspirations, and goals 
B)  expected returns and limitations 
C)  outstanding debt 
D)  credibility

Question 14

Firms must be aware of goals other than short-term profit maximization. One area of concern should be social responsibility, which is the

Accepted Answer

A)  expectation that business will strive to improve the overall welfare of society. 
B)  idea that organizations are solely responsible to local citizens. 
C)  fact that court costs could impact the financial bottom line. 
D)  idea that businesses are responsible for maintaining a healthy social climate for their employees. 
A)  expectation that business will strive to improve the overall welfare of society. 
B)  idea that organizations are solely responsible to local citizens. 
C)  fact that court costs could impact the financial bottom line. 
D)  idea that businesses are responsible for maintaining a healthy social climate for their employees.

Question 15

Two types of strategic control that firms must exercise for good strategy implementation are

Accepted Answer

A)  informational and confrontational. 
B)  confrontational and behavioral. 
C)  behavioral and financial. 
D)  informational and behavioral. 
A)  informational and confrontational. 
B)  confrontational and behavioral. 
C)  behavioral and financial. 
D)  informational and behavioral.

Question 16

For strategic management to be effective in achieving organizational goals,

Accepted Answer

A)  people throughout the organization must work in isolation. 
B)  top managers only take an integrative, strategic perspective. 
C)  leaders alone are responsible for the organizational outcome. 
D)  people throughout the organization must strive toward overall goals. 
A)  people throughout the organization must work in isolation. 
B)  top managers only take an integrative, strategic perspective. 
C)  leaders alone are responsible for the organizational outcome. 
D)  people throughout the organization must strive toward overall goals.

Question 17

According to a CEO survey by Accenture, ________ are not mutually exclusive corporate goals.

Accepted Answer

A)  quality and profitability 
B)  sustainability and profitability 
C)  ROI and quality 
D)  availability and ROI 
A)  quality and profitability 
B)  sustainability and profitability 
C)  ROI and quality 
D)  availability and ROI

Question 18

In the interview with Admiral William H.McRaven, he suggests that several duties, responsibilities and organizational relationships are similar between his military career activity andhisrole as chancellor. He says that he is a servant leader. Which of the following lessons is not one from his military career?

Accepted Answer

A)  Change cannot be made without understanding the organizational environment. 
B)  A leader must establish relationships early by reaching out to stakeholders within and external to the organization. 
C)  Communication and collaboration need to be reinforced by the organizational culture. 
D)  Actions must be moral, legal, ethical, and judgmental. 
A)  Change cannot be made without understanding the organizational environment. 
B)  A leader must establish relationships early by reaching out to stakeholders within and external to the organization. 
C)  Communication and collaboration need to be reinforced by the organizational culture. 
D)  Actions must be moral, legal, ethical, and judgmental.

Question 19

Community stakeholders are concerned primarily with

Accepted Answer

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

Question 20

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

Accepted Answer

A) True 
 B)False

The hierarchy of organizational goals is in the following order (least specific to most specific):

Local line leaders have ________ responsibility.

Ambidextrous behaviors in individuals illustrate how a dual capacity for ________ can be woven into the fabric of an organization at the individual level.

Stakeholders are

Nortel, like other firms, suffered from a drop in overall industry demand for telecommunications equipment during 2000 and 2001. According to the text, this would be an example of the "romantic" perspective of leadership.

According to the external control view of leadership, which of the following factors would not be considered an external factor that might positively or negatively affect a firm's success?

Executive leaders champion and guide ideas by

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

Internal networks generate their power through the ________ of their ideas.

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

According to the text, the strategic management process entails three ongoing processes. They are

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

Although such visions cannot be accurately measured by a specific indicator of how well they are being achieved, they do provide a fundamental statement of the ________ of an organization.

Firms must be aware of goals other than short-term profit maximization. One area of concern should be social responsibility, which is the

Two types of strategic control that firms must exercise for good strategy implementation are

For strategic management to be effective in achieving organizational goals,

According to a CEO survey by Accenture, ________ are not mutually exclusive corporate goals.

Community stakeholders are concerned primarily with

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

Analyzing the External Environment of the Firm Creating Competitive Advantages

Assessing the Internal Environment of the Firm

Recognizing a Firm's Intellectual Assets Moving beyond a Firm's 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

The hierarchy of organizational goals is in the following order (least specific to most specific):

Local line leaders have ________ responsibility.

Ambidextrous behaviors in individuals illustrate how a dual capacity for ________ can be woven into the fabric of an organization at the individual level.

Stakeholders are

Nortel, like other firms, suffered from a drop in overall industry demand for telecommunications equipment during 2000 and 2001. According to the text, this would be an example of the "romantic" perspective of leadership.

According to the external control view of leadership, which of the following factors would not be considered an external factor that might positively or negatively affect a firm's success?

Executive leaders champion and guide ideas by

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

Internal networks generate their power through the ________ of their ideas.

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

According to the text, the strategic management process entails three ongoing processes. They are

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

Although such visions cannot be accurately measured by a specific indicator of how well they are being achieved, they do provide a fundamental statement of the ________ of an organization.

Firms must be aware of goals other than short-term profit maximization. One area of concern should be social responsibility, which is the

Two types of strategic control that firms must exercise for good strategy implementation are

For strategic management to be effective in achieving organizational goals,

According to a CEO survey by Accenture, ________ are not mutually exclusive corporate goals.

Community stakeholders are concerned primarily with

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

Analyzing the External Environment of the Firm Creating Competitive Advantages

Assessing the Internal Environment of the Firm

Recognizing a Firm's Intellectual Assets Moving beyond a Firm's 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