Question 1

It is important for organizations to primarily focus on financial objectives and be less concerned about other objectives and goals.

Accepted Answer

A) True 
 B)False

Question 2

Social responsibility for Suncor Energy of Calgary means accountability to customers but NOT to employees.

Accepted Answer

A) True 
 B)False

Question 3

According to the text,formulating strategy includes taking into consideration strategy at the business,international,digital,and corporate levels.

Accepted Answer

A) True 
 B)False

Question 4

Shareholders,employees,and the community at large are among a firm's stakeholders.

Accepted Answer

A) True 
 B)False

Question 5

Vision statements are used to create a better understanding of the organization's overall purpose and direction.Vision statements

Accepted Answer

A)  are very specific. 
B)  provide specific objectives. 
C)  set organizational structure. 
D)  evoke powerful and compelling mental images. 
A)  are very specific. 
B)  provide specific objectives. 
C)  set organizational structure. 
D)  evoke powerful and compelling mental images.

Question 6

Globalization is impacting most firms today.Discuss what "globalization" means and how and why it impacts today's firms.

Accepted Answer

Globalization involves the movement of g

Question 7

The text argues that a strategic perspective in an organization should be emphasized

Accepted Answer

A)  at the top of the organization. 
B)  at the middle of the organization. 
C)  throughout the organization. 
D)  from the bottom up. 
A)  at the top of the organization. 
B)  at the middle of the organization. 
C)  throughout the organization. 
D)  from the bottom up.

Question 8

Which "organizational vision" did the text credit belonging to BCE Bell Canada Enterprises?

Accepted Answer

A)  "Restoring patients to full life." 
B)  "Providing Canadians with a one-stop destination in meeting their needs." 
C)  "Clear, Simple, First, True, Profitable, Proud." 
D)  "The world's best quick service restaurant." 
A)  "Restoring patients to full life." 
B)  "Providing Canadians with a one-stop destination in meeting their needs." 
C)  "Clear, Simple, First, True, Profitable, Proud." 
D)  "The world's best quick service restaurant."

Question 9

The text discusses several characteristics of effective strategic objectives.List several of these and discuss why a firm's strategic objectives should meet these criteria.

Accepted Answer

To be effective,strategic objectives mus

Question 10

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

Accepted Answer

A) True 
 B)False

Question 11

Operational effectiveness includes all except

Accepted Answer

A)  benchmarking. 
B)  performing different activities than rivals. 
C)  business process re-engineering. 
D)  just-in-time. 
A)  benchmarking. 
B)  performing different activities than rivals. 
C)  business process re-engineering. 
D)  just-in-time.

Question 12

The four key attributes of strategic management include the idea that a

Accepted Answer

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

Question 13

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

Accepted Answer

A) True 
 B)False

Question 14

Effective vision statements include

Accepted Answer

A)  all strategic directions of the organization. 
B)  a brief statement of the company's direction. 
C)  strategic posturing and future objectives. 
D)  financial objectives and projected figures. 
A)  all strategic directions of the organization. 
B)  a brief statement of the company's direction. 
C)  strategic posturing and future objectives. 
D)  financial objectives and projected figures.

Question 15

Sears has developed a sophisticated quantitative model that can predict the relationship between employee satisfaction,customer satisfaction,and financial results.This is an example of a symbiotic approach to strategic management.

Accepted Answer

A) True 
 B)False

Question 16

Members of boards of directors are

Accepted Answer

A)  appointed by the Securities and Exchange Commission. 
B)  elected by the shareholders as their representatives. 
C)  elected by the public. 
D)  only allowed to serve one term of four years. 
A)  appointed by the Securities and Exchange Commission. 
B)  elected by the shareholders as their representatives. 
C)  elected by the public. 
D)  only allowed to serve one term of four years.

It is important for organizations to primarily focus on financial objectives and be less concerned about other objectives and goals.

Social responsibility for Suncor Energy of Calgary means accountability to customers but NOT to employees.

According to the text,formulating strategy includes taking into consideration strategy at the business,international,digital,and corporate levels.

Shareholders,employees,and the community at large are among a firm's stakeholders.

Vision statements are used to create a better understanding of the organization's overall purpose and direction.Vision statements

Globalization is impacting most firms today.Discuss what "globalization" means and how and why it impacts today's firms.

The text argues that a strategic perspective in an organization should be emphasized

Which "organizational vision" did the text credit belonging to BCE Bell Canada Enterprises?

The text discusses several characteristics of effective strategic objectives.List several of these and discuss why a firm's strategic objectives should meet these criteria.

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

Operational effectiveness includes all except

The four key attributes of strategic management include the idea that a

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

Effective vision statements include

Sears has developed a sophisticated quantitative model that can predict the relationship between employee satisfaction,customer satisfaction,and financial results.This is an example of a symbiotic approach to strategic management.

Members of boards of directors are

Analyzing the External Environment of the Firm

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

It is important for organizations to primarily focus on financial objectives and be less concerned about other objectives and goals.

Social responsibility for Suncor Energy of Calgary means accountability to customers but NOT to employees.

According to the text,formulating strategy includes taking into consideration strategy at the business,international,digital,and corporate levels.

Shareholders,employees,and the community at large are among a firm's stakeholders.

Vision statements are used to create a better understanding of the organization's overall purpose and direction.Vision statements

Globalization is impacting most firms today.Discuss what "globalization" means and how and why it impacts today's firms.

The text argues that a strategic perspective in an organization should be emphasized

Which "organizational vision" did the text credit belonging to BCE Bell Canada Enterprises?

The text discusses several characteristics of effective strategic objectives.List several of these and discuss why a firm's strategic objectives should meet these criteria.

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

Operational effectiveness includes all except

The four key attributes of strategic management include the idea that a

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

Effective vision statements include

Sears has developed a sophisticated quantitative model that can predict the relationship between employee satisfaction,customer satisfaction,and financial results.This is an example of a symbiotic approach to strategic management.

Members of boards of directors are

Analyzing the External Environment of the Firm

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