Question 1

Strategic objectives are more specific than vision statements.

Accepted Answer

A) True 
 B)False

Question 2

According to the text,a mission statement is an overarching statement that is massively inspiring,long term,and only discusses the purpose of the company.

Accepted Answer

A) True 
 B)False

Question 3

Objectives in organizations should be clear,stated,and known by employees throughout the organization.

Accepted Answer

A) True 
 B)False

Question 4

A key stakeholder group that appears to be particularly susceptible to corporate social responsibility (CSR)initiatives is customers.

Accepted Answer

A) True 
 B)False

Question 5

Strategic management consists of the analyses,decisions,and actions an organization undertakes in order to create and sustain competitive advantages.

Accepted Answer

A) True 
 B)False

Question 6

The intangible benefits of sustainability projects,such as reducing risks,staying ahead of regulations,pleasing communities,and enhancing employee morale,are substantial even when they are difficult to quantify.

Accepted Answer

A) True 
 B)False

Question 7

In strategic management,both the short-term and long-term perspectives need to be considered because

Accepted Answer

A)  shareholder value is only measured by short-term returns. 
B)  shareholders only care about long-term returns. 
C)  long-term vision precludes the analysis of present operating needs. 
D)  the creative tension between the two forces managers to develop more successful strategy. 
A)  shareholder value is only measured by short-term returns. 
B)  shareholders only care about long-term returns. 
C)  long-term vision precludes the analysis of present operating needs. 
D)  the creative tension between the two forces managers to develop more successful strategy.

Question 8

In large organizations,conflicts can arise between functional areas.In order to resolve these conflicts,strategic objectives

Accepted Answer

A)  put financial objectives above human considerations. 
B)  align departments toward departmental goals. 
C)  help resolve conflicts through their common purpose. 
D)  cause debate and increase conflict. 
A)  put financial objectives above human considerations. 
B)  align departments toward departmental goals. 
C)  help resolve conflicts through their common purpose. 
D)  cause debate and increase conflict.

Question 9

Environmental sustainability is a value embraced by the most competitive and successful multinational companies.

Accepted Answer

A) True 
 B)False

Question 10

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 11

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 12

Corporate level strategy focuses on what businesses to compete in and

Accepted Answer

A)  how business can be managed to achieve synergy. 
B)  how business can be managed to reduce synergy. 
C)  how the firm can work as a stand-alone entity. 
D)  how the firm can create more value by operating alone. 
A)  how business can be managed to achieve synergy. 
B)  how business can be managed to reduce synergy. 
C)  how the firm can work as a stand-alone entity. 
D)  how the firm can create more value by operating alone.

Question 13

Many of the benefits from sustainability projects are intangible,making it difficult to calculate the ROI.

Accepted Answer

A) True 
 B)False

Question 14

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 15

According to Henry Mintzberg,a management scholar,most firms realize their original intended strategy.

Accepted Answer

A) True 
 B)False

Question 16

Sustainability programs often find their success beyond company boundaries,thus ______ systems and _____ metrics cannot capture all of the relevant numbers.

Accepted Answer

A)  external; bio 
B)  internal; process 
C)  external; external 
D)  internal; internal 
A)  external; bio 
B)  internal; process 
C)  external; external 
D)  internal; internal

Question 17

Making trade-off decisions between effectiveness and efficiency is central to the practice of strategic management.

Accepted Answer

A) True 
 B)False

Question 18

The Clorox Green Works line of plant-based cleaning materials captured 42 percent of the natural cleaning products market in its first year.This is an example of the benefit of

Accepted Answer

A)  sustainability efforts. 
B)  cost reduction efforts. 
C)  marketing programs. 
D)  process management. 
A)  sustainability efforts. 
B)  cost reduction efforts. 
C)  marketing programs. 
D)  process management.

Question 19

The three primary participants in corporate governance are: (1)the shareholders, (2)the management (led by the chief executive officer),and (3)the employees.

Accepted Answer

A) True 
 B)False

Question 20

Social responsibility is the idea that organizations are not only accountable to stockholders but also to the community-at-large.

Accepted Answer

A) True 
 B)False

Strategic objectives are more specific than vision statements.

According to the text,a mission statement is an overarching statement that is massively inspiring,long term,and only discusses the purpose of the company.

Objectives in organizations should be clear,stated,and known by employees throughout the organization.

A key stakeholder group that appears to be particularly susceptible to corporate social responsibility (CSR)initiatives is customers.

Strategic management consists of the analyses,decisions,and actions an organization undertakes in order to create and sustain competitive advantages.

The intangible benefits of sustainability projects,such as reducing risks,staying ahead of regulations,pleasing communities,and enhancing employee morale,are substantial even when they are difficult to quantify.

In strategic management,both the short-term and long-term perspectives need to be considered because

In large organizations,conflicts can arise between functional areas.In order to resolve these conflicts,strategic objectives

Environmental sustainability is a value embraced by the most competitive and successful multinational companies.

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

Local line leaders have __________ responsibility.

Corporate level strategy focuses on what businesses to compete in and

Many of the benefits from sustainability projects are intangible,making it difficult to calculate the ROI.

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

According to Henry Mintzberg,a management scholar,most firms realize their original intended strategy.

Sustainability programs often find their success beyond company boundaries,thus __ systems and _ metrics cannot capture all of the relevant numbers.

Making trade-off decisions between effectiveness and efficiency is central to the practice of strategic management.

The Clorox Green Works line of plant-based cleaning materials captured 42 percent of the natural cleaning products market in its first year.This is an example of the benefit of

The three primary participants in corporate governance are: (1)the shareholders, (2)the management (led by the chief executive officer),and (3)the employees.

Social responsibility is the idea that organizations are not only accountable to stockholders but also to the community-at-large.

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

Strategic objectives are more specific than vision statements.

According to the text,a mission statement is an overarching statement that is massively inspiring,long term,and only discusses the purpose of the company.

Objectives in organizations should be clear,stated,and known by employees throughout the organization.

A key stakeholder group that appears to be particularly susceptible to corporate social responsibility (CSR)initiatives is customers.

Strategic management consists of the analyses,decisions,and actions an organization undertakes in order to create and sustain competitive advantages.

The intangible benefits of sustainability projects,such as reducing risks,staying ahead of regulations,pleasing communities,and enhancing employee morale,are substantial even when they are difficult to quantify.

In strategic management,both the short-term and long-term perspectives need to be considered because

In large organizations,conflicts can arise between functional areas.In order to resolve these conflicts,strategic objectives

Environmental sustainability is a value embraced by the most competitive and successful multinational companies.

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

Local line leaders have __________ responsibility.

Corporate level strategy focuses on what businesses to compete in and

Many of the benefits from sustainability projects are intangible,making it difficult to calculate the ROI.

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

According to Henry Mintzberg,a management scholar,most firms realize their original intended strategy.

Sustainability programs often find their success beyond company boundaries,thus ______ systems and _____ metrics cannot capture all of the relevant numbers.

Making trade-off decisions between effectiveness and efficiency is central to the practice of strategic management.

The Clorox Green Works line of plant-based cleaning materials captured 42 percent of the natural cleaning products market in its first year.This is an example of the benefit of

The three primary participants in corporate governance are: (1)the shareholders, (2)the management (led by the chief executive officer),and (3)the employees.

Social responsibility is the idea that organizations are not only accountable to stockholders but also to the community-at-large.

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

Sustainability programs often find their success beyond company boundaries,thus __ systems and _ metrics cannot capture all of the relevant numbers.