Question 1

Vision and mission statements express all but which of the following?

Accepted Answer

A)  fundamental purpose 
B)  values 
C)  organizational hierarchy 
D)  view of the future 
A)  fundamental purpose 
B)  values 
C)  organizational hierarchy 
D)  view of the future C

Question 2

Discuss the three informational roles of a leader.

Accepted Answer

The three information roles are monitor, disseminator, and spokesperson. As monitor, the executive taps into a network of contacts to collect the information needed to understand the organization and its environment. As disseminator, executives pass along necessary information to internal stakeholders. As spokesperson, executives pass along necessary information to external stakeholders.

Question 3

The technique used to identify key people who have to be won over for an organization to be successful is called ________.

Accepted Answer

A)  dimensional analysis 
B)  stakeholder analysis 
C)  psycho-social analysis 
D)  human resources analysis 
A)  dimensional analysis 
B)  stakeholder analysis 
C)  psycho-social analysis 
D)  human resources analysis B

Question 4

Different stakeholders place similar emphasis on organizational outcomes because of similar priorities.

Accepted Answer

A) True 
 B)False

Question 5

Which of the following is not a nonfinancial performance metric?

Accepted Answer

A)  customer retention 
B)  employee turnover 
C)  inventory turn 
D)  new products released 
A)  customer retention 
B)  employee turnover 
C)  inventory turn 
D)  new products released

Question 6

An individual with a high tolerance of ambiguity would be extremely uncomfortable in a situation with little information and a great deal of uncertainty.

Accepted Answer

A) True 
 B)False

Question 7

An effective strategic purpose must be tied to a coherent set of activities, goals, and objectives anchored in measurable strategic outcomes.

Accepted Answer

A) True 
 B)False

Question 8

Charisma and emotional intelligence are required to be a leader within an organization.

Accepted Answer

A) True 
 B)False

Question 9

The stakeholder group composed of the CEO and the members of the top-management team is important for which of the following reasons?

Accepted Answer

A)  its responsibility for formulating a strategy that realizes the vision and mission 
B)  its influence over the shareholders and board of directors 
C)  its role in environmental scanning 
D)  its responsibility for encouraging teamwork 
A)  its responsibility for formulating a strategy that realizes the vision and mission 
B)  its influence over the shareholders and board of directors 
C)  its role in environmental scanning 
D)  its responsibility for encouraging teamwork

Question 10

Escalation of commitment is a person's belief that he or she is in greater control of a situation than rational analysis would support.

Accepted Answer

A) True 
 B)False

Question 11

The strategic leader emphasizes the efficient execution of a given plan.

Accepted Answer

A) True 
 B)False

Question 12

A system for translating vision and strategy into tangible performance measured by criteria such as sales growth and customer retention is called a(n) ________.

Accepted Answer

A)  objective 
B)  balanced scorecard 
C)  stakeholder analysis 
D)  goal analysis 
A)  objective 
B)  balanced scorecard 
C)  stakeholder analysis 
D)  goal analysis

Question 13

The best scorecards let managers know how the strategy is going before they see the company's ________.

Accepted Answer

A)  growth projections 
B)  financial numbers 
C)  customer totals 
D)  vendor totals 
A)  growth projections 
B)  financial numbers 
C)  customer totals 
D)  vendor totals

Question 14

Because they are general and ambiguous, mission and vision statements serve little strategic purpose.

Accepted Answer

A) True 
 B)False

Question 15

Homogeneous groups tend to make better decisions because all group members have similar backgrounds and see things in similar ways.

Accepted Answer

A) True 
 B)False

Question 16

The top-management team is an important stakeholder group because of their ultimate role in strategy implementation.

Accepted Answer

A) True 
 B)False

Question 17

Research suggests that the best way to understand the effectiveness of CEOs is by examining their actions.

Accepted Answer

A) True 
 B)False

Question 18

As negotiator, the CEO designs the firm's strategy and supervises its implementation.

Accepted Answer

A) True 
 B)False

Question 19

Organizational performance is positively correlated with the integration of internal stakeholders.

Accepted Answer

A) True 
 B)False

Question 20

Strategic coherence is best demonstrated by firms that move in and out of new businesses.

Accepted Answer

A) True 
 B)False

Vision and mission statements express all but which of the following?

Discuss the three informational roles of a leader.

The technique used to identify key people who have to be won over for an organization to be successful is called ________.

Different stakeholders place similar emphasis on organizational outcomes because of similar priorities.

Which of the following is not a nonfinancial performance metric?

An individual with a high tolerance of ambiguity would be extremely uncomfortable in a situation with little information and a great deal of uncertainty.

An effective strategic purpose must be tied to a coherent set of activities, goals, and objectives anchored in measurable strategic outcomes.

Charisma and emotional intelligence are required to be a leader within an organization.

The stakeholder group composed of the CEO and the members of the top-management team is important for which of the following reasons?

Escalation of commitment is a person's belief that he or she is in greater control of a situation than rational analysis would support.

The strategic leader emphasizes the efficient execution of a given plan.

A system for translating vision and strategy into tangible performance measured by criteria such as sales growth and customer retention is called a(n) ________.

The best scorecards let managers know how the strategy is going before they see the company's ________.

Because they are general and ambiguous, mission and vision statements serve little strategic purpose.

Homogeneous groups tend to make better decisions because all group members have similar backgrounds and see things in similar ways.

The top-management team is an important stakeholder group because of their ultimate role in strategy implementation.

Research suggests that the best way to understand the effectiveness of CEOs is by examining their actions.

As negotiator, the CEO designs the firm's strategy and supervises its implementation.

Organizational performance is positively correlated with the integration of internal stakeholders.

Strategic coherence is best demonstrated by firms that move in and out of new businesses.

Introducing Strategic Management

Examining the Internal Environment: Resources

Exploring the External Environment: Macro Industry and Dynamics

Creating Business Strategies

Crafting Business Strategy of Dynamic Contexts

Developing Corporate Strategy

Looking at International Strategies

Understanding Alliances and Cooperative Strategies

Studying Merges and Acquisitions

Organizational Structure, Systems, and Processes

Considering New Ventures and Corporate Renewal

Corporate Governance in the Twenty-First Century

Filters

Exam 2: Leading Strategically Through Effective Vision and Mission

Vision and mission statements express all but which of the following?

Discuss the three informational roles of a leader.

The technique used to identify key people who have to be won over for an organization to be successful is called ________.

Different stakeholders place similar emphasis on organizational outcomes because of similar priorities.

Which of the following is not a nonfinancial performance metric?

An individual with a high tolerance of ambiguity would be extremely uncomfortable in a situation with little information and a great deal of uncertainty.

An effective strategic purpose must be tied to a coherent set of activities, goals, and objectives anchored in measurable strategic outcomes.

Charisma and emotional intelligence are required to be a leader within an organization.

The stakeholder group composed of the CEO and the members of the top-management team is important for which of the following reasons?

Escalation of commitment is a person's belief that he or she is in greater control of a situation than rational analysis would support.

The strategic leader emphasizes the efficient execution of a given plan.

A system for translating vision and strategy into tangible performance measured by criteria such as sales growth and customer retention is called a(n) ________.

The best scorecards let managers know how the strategy is going before they see the company's ________.

Because they are general and ambiguous, mission and vision statements serve little strategic purpose.

Homogeneous groups tend to make better decisions because all group members have similar backgrounds and see things in similar ways.

The top-management team is an important stakeholder group because of their ultimate role in strategy implementation.

Research suggests that the best way to understand the effectiveness of CEOs is by examining their actions.

As negotiator, the CEO designs the firm's strategy and supervises its implementation.

Organizational performance is positively correlated with the integration of internal stakeholders.

Strategic coherence is best demonstrated by firms that move in and out of new businesses.

Introducing Strategic Management

Examining the Internal Environment: Resources

Exploring the External Environment: Macro Industry and Dynamics

Creating Business Strategies

Crafting Business Strategy of Dynamic Contexts

Developing Corporate Strategy

Looking at International Strategies

Understanding Alliances and Cooperative Strategies

Studying Merges and Acquisitions

Organizational Structure, Systems, and Processes

Considering New Ventures and Corporate Renewal

Corporate Governance in the Twenty-First Century

Filters