Exam 2: Strategic Leadership: Managing the Strategy Process

Which of the following is a top-down approach to the development of strategy that involves asking "what if" questions to anticipate plausible futures?

_____ are best described as the ethical standards and norms that govern the behavior of individuals within a firm.

Which of the following is an accurate description of a Level 1 manager?

Which of the following functions do the general managers in strategic business units primarily perform?

The management team at Clear Solutions,Inc.decided to build a branch office in Memphis,Tennessee.Which of the following terms correctly describes this action?

Which of the following strategies best illustrates a functional strategy?

Which of the following statements is true of top-down strategic planning?

Strategic leadership pertains to the use of power and influence by _____ to direct the activities of others when pursuing an organization's goals.

Strategic thinking is different from strategic planning in that

Scenario planning typically begins with managers

Why is it better for firms to keep their vision statements customer-oriented rather than product-oriented?

Handy Pro,Inc.is a company that manufactures electric tools like drills,screwdrivers,and saws.Which of the following best illustrates a product-oriented vision for Handy Pro?

The production head at the canned juice unit of True Candy Inc.would frequently stay back after office hours and experiment with new organic hard candy flavors even though this was part of the new product development team's job.As a result of these experiments,he came up with two new flavors of organic hard candy,raspberry-apricot and strawberry-apple.After rigorous test marketing,which proved that the market would accept the new candy,the product variants were successfully launched.Which of the following strategies does this scenario best illustrate?

Strategies developed at the departmental level,such as the accounting,human resources,production,and marketing departments,within a strategic business unit are referred to as _____ strategies.

Which of the following reasons justifies the view that functional managers should be allowed to initiate strategic initiatives based on autonomous actions?

The production department at Coral Cements that is a subsidiary of the large conglomerate Five East Corp.has decided to adopt the FIFO (first in,first out)method of inventory to dispatch its cement bags.Which of the following strategies does this scenario best illustrate?

A customer-oriented vision statement focuses employees to think about how best to

Executives whose vision and actions enable their organizations to achieve competitive advantage demonstrate

Strategic flexibility is achieved when managers

A(n)_____ is best described as the strategic option that top managers decide most closely matches the current reality and which is then executed.