Question 1

Entrepreneurial activity aimed at new value creation is not a major engine for economic growth.

Accepted Answer

A) True 
 B)False  False

Question 2

Visions need to be anchored in reality in order to be successful.

Accepted Answer

A) True 
 B)False  True

Question 3

Management innovations such as total quality,just-in-time,benchmarking,business process reengineering,and outsourcing are important,but not enough for building sustainable competitive advantage.

Accepted Answer

A) True 
 B)False  True

Question 4

Shell,NEC,and Procter and Gamble have been measuring their performance according to what has been called a triple bottom line.This technique involves an assessment of financial,social,and environmental performance.

Accepted Answer

A) True 
 B)False

Question 5

Effective mission statements incorporate the concept of stakeholder management,suggesting that organizations must respond to a single constituency.

Accepted Answer

A) True 
 B)False

Question 6

Stockholders,employees,and the community-at-large are among the stakeholders of a firm.

Accepted Answer

A) True 
 B)False

Question 7

Transformational change involves

Accepted Answer

A)  extensive communication. 
B)  little training. 
C)  no employee development. 
D)  few incentives. 
A)  extensive communication. 
B)  little training. 
C)  no employee development. 
D)  few incentives.

Question 8

Strategy implementation involves actions that carry out the formulated strategy including proper strategic controls,organizational designs,and leadership.

Accepted Answer

A) True 
 B)False

Question 9

Internal networks have great positional power and formal authority.

Accepted Answer

A) True 
 B)False

Question 10

International strategy involves decisions concerning appropriate entry strategy and attaining competitive advantage in international markets.

Accepted Answer

A) True 
 B)False

Question 11

To effect transformational change in an organization,managers must communicate extensively and provide incentives,training,and development.

Accepted Answer

A) True 
 B)False

Question 12

Supplier stakeholders are concerned with

Accepted Answer

A)  assurance of a continued relationship with the firm. 
B)  employee benefits. 
C)  safe working conditions. 
D)  capital appreciation. 
A)  assurance of a continued relationship with the firm. 
B)  employee benefits. 
C)  safe working conditions. 
D)  capital appreciation.

Question 13

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 14

Ensuring effective corporate governance requires an effective and engaged board of directors,uninvolved shareholders,and proper managerial rewards and incentives.

Accepted Answer

A) True 
 B)False

Question 15

Effective leadership can play a large role in fostering corporate entrepreneurship.Corporate entrepreneurship can have a very positive impact on the bottom line of a firm.

Accepted Answer

A) True 
 B)False

Question 16

Auditors,banks,and analysts are external control mechanisms to ensure effective corporate governance.

Accepted Answer

A) True 
 B)False

Question 17

For many successful firms,environmental values are not central to the company culture and management processes.

Accepted Answer

A) True 
 B)False

Question 18

The Sustainable Apparel Coalition accounts for more than one-third of the global

Accepted Answer

A)  apparel and washing product industry. 
B)  consumer product industry. 
C)  refinery industry. 
D)  apparel and footwear industry. 
A)  apparel and washing product industry. 
B)  consumer product industry. 
C)  refinery industry. 
D)  apparel and footwear industry.

Question 19

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 20

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.

Entrepreneurial activity aimed at new value creation is not a major engine for economic growth.

Visions need to be anchored in reality in order to be successful.

Management innovations such as total quality,just-in-time,benchmarking,business process reengineering,and outsourcing are important,but not enough for building sustainable competitive advantage.

Shell,NEC,and Procter and Gamble have been measuring their performance according to what has been called a triple bottom line.This technique involves an assessment of financial,social,and environmental performance.

Effective mission statements incorporate the concept of stakeholder management,suggesting that organizations must respond to a single constituency.

Stockholders,employees,and the community-at-large are among the stakeholders of a firm.

Transformational change involves

Strategy implementation involves actions that carry out the formulated strategy including proper strategic controls,organizational designs,and leadership.

Internal networks have great positional power and formal authority.

International strategy involves decisions concerning appropriate entry strategy and attaining competitive advantage in international markets.

To effect transformational change in an organization,managers must communicate extensively and provide incentives,training,and development.

Supplier stakeholders are concerned with

Executive leaders champion and guide ideas by

Ensuring effective corporate governance requires an effective and engaged board of directors,uninvolved shareholders,and proper managerial rewards and incentives.

Effective leadership can play a large role in fostering corporate entrepreneurship.Corporate entrepreneurship can have a very positive impact on the bottom line of a firm.

Auditors,banks,and analysts are external control mechanisms to ensure effective corporate governance.

For many successful firms,environmental values are not central to the company culture and management processes.

The Sustainable Apparel Coalition accounts for more than one-third of the global

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

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

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

Exam 1: Strategic Management: Creating Competitive Advantages

Entrepreneurial activity aimed at new value creation is not a major engine for economic growth.

Visions need to be anchored in reality in order to be successful.

Management innovations such as total quality,just-in-time,benchmarking,business process reengineering,and outsourcing are important,but not enough for building sustainable competitive advantage.

Shell,NEC,and Procter and Gamble have been measuring their performance according to what has been called a triple bottom line.This technique involves an assessment of financial,social,and environmental performance.

Effective mission statements incorporate the concept of stakeholder management,suggesting that organizations must respond to a single constituency.

Stockholders,employees,and the community-at-large are among the stakeholders of a firm.

Transformational change involves

Strategy implementation involves actions that carry out the formulated strategy including proper strategic controls,organizational designs,and leadership.

Internal networks have great positional power and formal authority.

International strategy involves decisions concerning appropriate entry strategy and attaining competitive advantage in international markets.

To effect transformational change in an organization,managers must communicate extensively and provide incentives,training,and development.

Supplier stakeholders are concerned with

Executive leaders champion and guide ideas by

Ensuring effective corporate governance requires an effective and engaged board of directors,uninvolved shareholders,and proper managerial rewards and incentives.

Effective leadership can play a large role in fostering corporate entrepreneurship.Corporate entrepreneurship can have a very positive impact on the bottom line of a firm.

Auditors,banks,and analysts are external control mechanisms to ensure effective corporate governance.

For many successful firms,environmental values are not central to the company culture and management processes.

The Sustainable Apparel Coalition accounts for more than one-third of the global

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

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

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