Exam 7: Management Preference Analysis

Strategy modification through persuasion and changes in job context can be used to resolve strategy/managerial preference conflicts.

Corporate controls on the actions of managers are supported by

A frozen preference occurs when a manager

In highly politicized firms, managers often have hidden agendas that could compromise the strategic planning process.

Underperforming firms are pressured to achieve their potential by

One of the mechanisms used to align management interests with those of the shareholders is

Managers with a strong need for achievement are most likely to favour

A compromise solution is often used to address moderate conflicts between required and observed managerial preferences.

Job context defines the scope and nature of a manager's responsibilities.

Corporate performance crises are the result of failures in judgment on the part of senior management.

The objective of management preference analysis is to

Having openly endorsed a strategic option, managers will find it difficult to modify their position.

When persuasion fails to resolve moderate conflict between required and observed managerial preferences, modifying the strategy may not be the best solution because the new proposal

Corporate governance is the mechanism that

When it is not possible to find a workable solution to conflicts between strategy and managerial preferences, the manager may need to be reassigned.

Corporate social responsibility refers to a corporation's duty to

Strategic proposals that call for new ways of thinking about the business are likely to be contentious.

Good managers engage in candid introspection with respect to the strategic choice processes of the organization.

The interests of shareholders, employees, and customers are readily reconciled as all three parties want the organization to succeed.

Persuasion and changes in job context are examples of