Question 1

Shareholders expect only short-term value and therefore good managers should only focus on meeting short-term performance targets.

Accepted Answer

A) True 
 B)False

Question 2

In the strategic management process,only local line leaders and executive leaders are needed.

Accepted Answer

A) True 
 B)False

Question 3

Hewlett-Packard's failure and success under the leadership first of Carly Fiorina and then of Mark Hurd was said to be a direct result of the quality of leadership of each of these CEOs.According to the text,this would be an example of the "romantic" perspective of leadership.

Accepted Answer

A) True 
 B)False

Question 4

The four key attributes of strategic management include all of the following except

Accepted Answer

A)  including multiple stakeholder interests in decision making. 
B)  incorporating both short-term and long-term perspectives. 
C)  recognizing the trade-offs between effectiveness and efficiency. 
D)  emphasis on the attainment of short-term objectives. 
A)  including multiple stakeholder interests in decision making. 
B)  incorporating both short-term and long-term perspectives. 
C)  recognizing the trade-offs between effectiveness and efficiency. 
D)  emphasis on the attainment of short-term objectives.

Question 5

Local line leaders are key in setting the tone for the empowerment of employees.

Accepted Answer

A) True 
 B)False

Question 6

According to the CEO of IDEO,Tim Brown,spotting and promoting at any level in the firm is important.

Accepted Answer

A) True 
 B)False

Question 7

Much research has supported the notion that individuals work much harder when they are asked to do their best rather than when they are striving toward a specific goal.

Accepted Answer

A) True 
 B)False

Question 8

Methods by which successful executives show their interest in learning what others are thinking include

Accepted Answer

A)  holding town hall meetings and consulting employees on what they would do if in charge. 
B)  holding town hall meetings and consulting bankers on what they would do if in charge. 
C)  holding retreats and consulting rivals on what they would do if in charge. 
D)  consulting rivals and consulting investment bankers. 
A)  holding town hall meetings and consulting employees on what they would do if in charge. 
B)  holding town hall meetings and consulting bankers on what they would do if in charge. 
C)  holding retreats and consulting rivals on what they would do if in charge. 
D)  consulting rivals and consulting investment bankers.

Question 9

Tim Brown,CEO of IDEO,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 10

A mission statement encompasses both the purpose of the organization as well as its basis of competition,and the basis of its competitive advantage.

Accepted Answer

A) True 
 B)False

Question 11

Nancy Snyder,corporate vice president of Whirlpool,shifted the reputation of the firm to that of an innovator by investing financially in capital spending.

Accepted Answer

A) True 
 B)False

Question 12

The three interrelated and principal activities of strategic management are: strategy analysis,strategy formulation,and strategy implementation.

Accepted Answer

A) True 
 B)False

Question 13

Procter and Gamble has perfected a technique for compacting cleaning powder into a liquid concentration.Consumers,retailers,shipping and wholesalers,and environmentalists all have benefited from the resulting change in consumer shopping habits and the revolution in industry supply-chain economics.According to the text,this is an example of

Accepted Answer

A)  zero-sum relationship among stakeholders. 
B)  stakeholder symbiosis. 
C)  rewarding stakeholders. 
D)  emphasizing financial returns. 
A)  zero-sum relationship among stakeholders. 
B)  stakeholder symbiosis. 
C)  rewarding stakeholders. 
D)  emphasizing financial returns.

Question 14

Organizational goals and objectives should be vague in order to allow for changes in strategy.

Accepted Answer

A) True 
 B)False

Question 15

There is a positive influence of CSR on the consumer evaluation of companies and their purchasing decisions,according to recent studies.

Accepted Answer

A) True 
 B)False

Question 16

Decisions by boards of directors are always consistent with shareholder interests.

Accepted Answer

A) True 
 B)False

Question 17

Richard Branson,the founder of the Virgin Group,is well known for creating an inclusive organizational structure in which anybody in the organization can be involved in generating and activating upon new business ideas.

Accepted Answer

A) True 
 B)False

Question 18

Business-level strategy focuses on (1)what businesses to compete in and (2)the management of the business portfolio to create synergy among its businesses.

Accepted Answer

A) True 
 B)False

Question 19

The Fairmont Royal York in Toronto invested $25,000 in an energy conservation program to replace leaky steam traps and fix leaks,which resulted in an annual savings of over $200,000.This is an example of a sustainability effort to

Accepted Answer

A)  increase innovation. 
B)  decrease revenue. 
C)  lower costs. 
D)  increase customers. 
A)  increase innovation. 
B)  decrease revenue. 
C)  lower costs. 
D)  increase customers.

Question 20

Demands for greater corporate responsibility are decreasing today.

Accepted Answer

A) True 
 B)False

Shareholders expect only short-term value and therefore good managers should only focus on meeting short-term performance targets.

In the strategic management process,only local line leaders and executive leaders are needed.

Hewlett-Packard's failure and success under the leadership first of Carly Fiorina and then of Mark Hurd was said to be a direct result of the quality of leadership of each of these CEOs.According to the text,this would be an example of the "romantic" perspective of leadership.

The four key attributes of strategic management include all of the following except

Local line leaders are key in setting the tone for the empowerment of employees.

According to the CEO of IDEO,Tim Brown,spotting and promoting at any level in the firm is important.

Much research has supported the notion that individuals work much harder when they are asked to do their best rather than when they are striving toward a specific goal.

Methods by which successful executives show their interest in learning what others are thinking include

Tim Brown,CEO of IDEO,believes that the ________ of a person should not dictate the level of influence their ideas should be accorded.

A mission statement encompasses both the purpose of the organization as well as its basis of competition,and the basis of its competitive advantage.

Nancy Snyder,corporate vice president of Whirlpool,shifted the reputation of the firm to that of an innovator by investing financially in capital spending.

The three interrelated and principal activities of strategic management are: strategy analysis,strategy formulation,and strategy implementation.

Organizational goals and objectives should be vague in order to allow for changes in strategy.

There is a positive influence of CSR on the consumer evaluation of companies and their purchasing decisions,according to recent studies.

Decisions by boards of directors are always consistent with shareholder interests.

Richard Branson,the founder of the Virgin Group,is well known for creating an inclusive organizational structure in which anybody in the organization can be involved in generating and activating upon new business ideas.

Business-level strategy focuses on (1)what businesses to compete in and (2)the management of the business portfolio to create synergy among its businesses.

The Fairmont Royal York in Toronto invested $25,000 in an energy conservation program to replace leaky steam traps and fix leaks,which resulted in an annual savings of over $200,000.This is an example of a sustainability effort to

Demands for greater corporate responsibility are decreasing today.

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

Shareholders expect only short-term value and therefore good managers should only focus on meeting short-term performance targets.

In the strategic management process,only local line leaders and executive leaders are needed.

Hewlett-Packard's failure and success under the leadership first of Carly Fiorina and then of Mark Hurd was said to be a direct result of the quality of leadership of each of these CEOs.According to the text,this would be an example of the "romantic" perspective of leadership.

The four key attributes of strategic management include all of the following except

Local line leaders are key in setting the tone for the empowerment of employees.

According to the CEO of IDEO,Tim Brown,spotting and promoting at any level in the firm is important.

Much research has supported the notion that individuals work much harder when they are asked to do their best rather than when they are striving toward a specific goal.

Methods by which successful executives show their interest in learning what others are thinking include

Tim Brown,CEO of IDEO,believes that the ________ of a person should not dictate the level of influence their ideas should be accorded.

A mission statement encompasses both the purpose of the organization as well as its basis of competition,and the basis of its competitive advantage.

Nancy Snyder,corporate vice president of Whirlpool,shifted the reputation of the firm to that of an innovator by investing financially in capital spending.

The three interrelated and principal activities of strategic management are: strategy analysis,strategy formulation,and strategy implementation.

Organizational goals and objectives should be vague in order to allow for changes in strategy.

There is a positive influence of CSR on the consumer evaluation of companies and their purchasing decisions,according to recent studies.

Decisions by boards of directors are always consistent with shareholder interests.

Richard Branson,the founder of the Virgin Group,is well known for creating an inclusive organizational structure in which anybody in the organization can be involved in generating and activating upon new business ideas.

Business-level strategy focuses on (1)what businesses to compete in and (2)the management of the business portfolio to create synergy among its businesses.

The Fairmont Royal York in Toronto invested $25,000 in an energy conservation program to replace leaky steam traps and fix leaks,which resulted in an annual savings of over $200,000.This is an example of a sustainability effort to

Demands for greater corporate responsibility are decreasing today.

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