Exam 1: Strategic Management: Creating Competitive Advantages

Ms.Frederica Marchionni became CEO of Land's End in February 2015 when the company showed a 73.8 million-dollar profit.By mid-June of 2016,the company had lost 27.2 million dollars.What went wrong?

(Multiple Choice)

4.9/5

(30)

Question 41

New value creation is a major engine for economic growth and is the main focus of ________ strategy.

(Multiple Choice)

4.8/5

(43)

Question 42

The vision of an organization is at the top level of its hierarchy of organizational goals.The vision statement should be massively inspiring,overarching,and long term.

(True/False)

4.7/5

(36)

Question 43

Managers should do more than focus on short-term financial performance.One concept that helps managers do this is stakeholder symbiosis.This means that

(Multiple Choice)

4.7/5

(30)

Question 44

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

(True/False)

4.8/5

(43)

Question 45

Strategic coherence is an essential element for assuring that a company's mission/vision is realized.Describe the factors that are involved in creating strategic coherence.Use an industry example to support your description and explain how the objectives meet the SMART criteria (Specific,Measurable,Appropriate,Realistic,Timely).

(Essay)

4.8/5

(39)

Question 46

An idealistic vision can arouse employee enthusiasm and therefore is a good vision.

(True/False)

4.9/5

(46)

Question 47

Effectiveness is often defined as

(Multiple Choice)

4.9/5

(42)

Question 48

Strategy implementation can be the most difficult part of the strategic management process.Which of the following is not likely to be a cause of implementation failure?

(Multiple Choice)

5.0/5

(30)

Question 49

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

(True/False)

4.9/5

(37)

Question 50

Entering foreign markets requires firms to ascertain foremost how they will attain

(Multiple Choice)

4.9/5

(39)

Question 51

All the following are ambidextrous behaviors except

(Multiple Choice)

4.8/5

(35)

Question 52

The three participants in corporate governance are the shareholders,

(Multiple Choice)

4.8/5

(33)

Question 53

The case for sustainability projects needs to be made on the basis of a more holistic and comprehensive understanding of all the ________ benefits.

(Multiple Choice)

4.8/5

(40)

Question 54

Local line leaders have ________ responsibility.

(Multiple Choice)

4.8/5

(39)

Question 55

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

(Multiple Choice)

4.9/5

(36)

Question 56

Effective organizational design means that firms must have ________ that are consistent with their strategy.

(Multiple Choice)

4.8/5

(35)

Question 57

Which of the following is not an example of a financial strategic objective?

(Multiple Choice)

4.7/5

(38)

Question 58

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

(Multiple Choice)

4.8/5

(42)

Question 59

Supplier stakeholders are concerned with

(Multiple Choice)

4.9/5

(42)

Question 60

Showing 41 - 60 of 106

Ms.Frederica Marchionni became CEO of Land's End in February 2015 when the company showed a 73.8 million-dollar profit.By mid-June of 2016,the company had lost 27.2 million dollars.What went wrong?

New value creation is a major engine for economic growth and is the main focus of ________ strategy.

The vision of an organization is at the top level of its hierarchy of organizational goals.The vision statement should be massively inspiring,overarching,and long term.

Managers should do more than focus on short-term financial performance.One concept that helps managers do this is stakeholder symbiosis.This means that

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

An idealistic vision can arouse employee enthusiasm and therefore is a good vision.

Effectiveness is often defined as

Strategy implementation can be the most difficult part of the strategic management process.Which of the following is not likely to be a cause of implementation failure?

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

Entering foreign markets requires firms to ascertain foremost how they will attain

All the following are ambidextrous behaviors except

The three participants in corporate governance are the shareholders,

The case for sustainability projects needs to be made on the basis of a more holistic and comprehensive understanding of all the ________ benefits.

Local line leaders have ________ responsibility.

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

Effective organizational design means that firms must have ________ that are consistent with their strategy.

Which of the following is not an example of a financial strategic objective?

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

Supplier stakeholders are concerned with

Analyzing the External Environment of the Firm: Creating Competitive Advantages

Assessing the Internal Environment of the Firm

Recognizing a Firm's Intellectual Assets: Moving Beyond a Firm's 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