Question 1

Stockholders as a stakeholder group are interested primarily by

Accepted Answer

A)  payment of interest and repayment of principal. 
B)  value and warranties. 
C)  dividends and capital appreciation. 
D)  taxes and compliance with regulations. 
A)  payment of interest and repayment of principal. 
B)  value and warranties. 
C)  dividends and capital appreciation. 
D)  taxes and compliance with regulations.

Question 2

Successful organizations are effective in motivating people.Employees work best when

Accepted Answer

A)  they are asked to do their best. 
B)  work requirements are vague and unclear. 
C)  they are striving toward specific goals. 
D)  they are guided by an abstract mission statement. 
A)  they are asked to do their best. 
B)  work requirements are vague and unclear. 
C)  they are striving toward specific goals. 
D)  they are guided by an abstract mission statement.

Question 3

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 4

Northrup Grumman saved $2 million in energy costs at a single facility by installing reflective roofs and fluorescent lighting,replacing old equipment,and making minor temperature and humidity-level adjustments.This is an example of the benefit of

Accepted Answer

A)  increasing revenue efforts. 
B)  marketing programs. 
C)  sustainability efforts. 
D)  process management. 
A)  increasing revenue efforts. 
B)  marketing programs. 
C)  sustainability efforts. 
D)  process management.

Question 5

Showing interest in learning what others are thinking is a leadership weakness.

Accepted Answer

A) True 
 B)False

Question 6

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 7

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

Accepted Answer

A) True 
 B)False

Question 8

Richard Branson,founder of the Virgin Group,empowers his companies through a(n)_______ structure in which anyone can bring forth new ideas.

Accepted Answer

A)  formal 
B)  hierarchal 
C)  multi-level 
D)  informal 
A)  formal 
B)  hierarchal 
C)  multi-level 
D)  informal

Question 9

According to Peter Senge,a leading strategic management author,creative tension results from the need to incorporate both short-term and long-term perspectives in strategic management.

Accepted Answer

A) True 
 B)False

Question 10

Strategic management requires managers at all levels of the organization to take a segregated view of the organization.

Accepted Answer

A) True 
 B)False

Question 11

Whirlpool's transformation under corporate vice president Nancy Snyder included financial investments in

Accepted Answer

A)  shareholder dividends. 
B)  capital spending. 
C)  community development. 
D)  paying down borrowed debt. 
A)  shareholder dividends. 
B)  capital spending. 
C)  community development. 
D)  paying down borrowed debt.

Question 12

In the Mintzberg model,organizational decisions determined only by analysis are intended strategy.

Accepted Answer

A) True 
 B)False

Question 13

Strategy analysis is the starting point of the strategic management process and consists of the

Accepted Answer

A)  analysis only of the vision, mission, and objectives of the firm. 
B)  analysis of the relevant internal and external environmental factors only. 
C)  analysis of relevant competitors only. 
D)  matching of vision, mission, and objectives with the relevant internal and external environmental factors. 
A)  analysis only of the vision, mission, and objectives of the firm. 
B)  analysis of the relevant internal and external environmental factors only. 
C)  analysis of relevant competitors only. 
D)  matching of vision, mission, and objectives with the relevant internal and external environmental factors.

Question 14

Sustainability initiatives rarely have difficulty making it through the conventional approval process within corporations because managers are not concerned about their return on investment.

Accepted Answer

A) True 
 B)False

Question 15

The four key attributes of strategic management include the idea that strategy must

Accepted Answer

A)  be directed toward overall organizational goals and objectives. 
B)  be focused only on long-term objectives. 
C)  be focused on only one specific area of an organization. 
D)  focus only on competitor strengths. 
A)  be directed toward overall organizational goals and objectives. 
B)  be focused only on long-term objectives. 
C)  be focused on only one specific area of an organization. 
D)  focus only on competitor strengths.

Question 16

Learning organizations permit the entire organization to benefit from ____________ talents.

Accepted Answer

A)  internal and external 
B)  individual and collective 
C)  internal and collective 
D)  external and individual 
A)  internal and external 
B)  individual and collective 
C)  internal and collective 
D)  external and individual

Question 17

To inculcate a strategic management perspective,managers must often make a major effort to effect transformational change.

Accepted Answer

A) True 
 B)False

Question 18

In choosing to focus on stakeholders,which of the following will not lead to success for a manager?

Accepted Answer

A)  shareholders and employees 
B)  employees and suppliers 
C)  customers and the community at large 
D)  customers only 
A)  shareholders and employees 
B)  employees and suppliers 
C)  customers and the community at large 
D)  customers only

Question 19

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 20

Strategic management is only concerned with short-term perspectives.

Accepted Answer

A) True 
 B)False

Stockholders as a stakeholder group are interested primarily by

Successful organizations are effective in motivating people.Employees work best when

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

Northrup Grumman saved $2 million in energy costs at a single facility by installing reflective roofs and fluorescent lighting,replacing old equipment,and making minor temperature and humidity-level adjustments.This is an example of the benefit of

Showing interest in learning what others are thinking is a leadership weakness.

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

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

Richard Branson,founder of the Virgin Group,empowers his companies through a(n)_______ structure in which anyone can bring forth new ideas.

According to Peter Senge,a leading strategic management author,creative tension results from the need to incorporate both short-term and long-term perspectives in strategic management.

Strategic management requires managers at all levels of the organization to take a segregated view of the organization.

Whirlpool's transformation under corporate vice president Nancy Snyder included financial investments in

In the Mintzberg model,organizational decisions determined only by analysis are intended strategy.

Strategy analysis is the starting point of the strategic management process and consists of the

Sustainability initiatives rarely have difficulty making it through the conventional approval process within corporations because managers are not concerned about their return on investment.

The four key attributes of strategic management include the idea that strategy must

Learning organizations permit the entire organization to benefit from ____________ talents.

To inculcate a strategic management perspective,managers must often make a major effort to effect transformational change.

In choosing to focus on stakeholders,which of the following will not lead to success for a manager?

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

Strategic management is only concerned with short-term perspectives.

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

Stockholders as a stakeholder group are interested primarily by

Successful organizations are effective in motivating people.Employees work best when

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

Northrup Grumman saved $2 million in energy costs at a single facility by installing reflective roofs and fluorescent lighting,replacing old equipment,and making minor temperature and humidity-level adjustments.This is an example of the benefit of

Showing interest in learning what others are thinking is a leadership weakness.

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

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

Richard Branson,founder of the Virgin Group,empowers his companies through a(n)_______ structure in which anyone can bring forth new ideas.

According to Peter Senge,a leading strategic management author,creative tension results from the need to incorporate both short-term and long-term perspectives in strategic management.

Strategic management requires managers at all levels of the organization to take a segregated view of the organization.

Whirlpool's transformation under corporate vice president Nancy Snyder included financial investments in

In the Mintzberg model,organizational decisions determined only by analysis are intended strategy.

Strategy analysis is the starting point of the strategic management process and consists of the

Sustainability initiatives rarely have difficulty making it through the conventional approval process within corporations because managers are not concerned about their return on investment.

The four key attributes of strategic management include the idea that strategy must

Learning organizations permit the entire organization to benefit from ____________ talents.

To inculcate a strategic management perspective,managers must often make a major effort to effect transformational change.

In choosing to focus on stakeholders,which of the following will not lead to success for a manager?

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

Strategic management is only concerned with short-term perspectives.

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