Question 1

Stakeholder analysis is an important input into both strategy formulation and implementation.

Accepted Answer

A) True 
 B)False

Question 2

Who are an organization's external stakeholders?

Accepted Answer

External stakeholders include

Question 3

What is the definition of succession planning?

Accepted Answer

Succession planning is the pro

Question 4

Mission statements generally express long-term action horizons and are ambiguous and ambitious by design.

Accepted Answer

A) True 
 B)False

Question 5

A hallmark of a great leader is knowing when and how to follow the lead of others.

Accepted Answer

A) True 
 B)False

Question 6

An effective executive team relies partly on the division of labor.

Accepted Answer

A) True 
 B)False

Question 7

Goals and objectives are statements of organizational identity and purpose that can guide executives in making corporate decisions.

Accepted Answer

A) True 
 B)False

Question 8

Demographics refers to all but which of the following?

Accepted Answer

A)  education 
B)  gender 
C)  nationality 
D)  race 
A)  education 
B)  gender 
C)  nationality 
D)  race

Question 9

The role of liaison represents a vertical relationship.

Accepted Answer

A) True 
 B)False

Question 10

Succession planning is the process of managing a well-planned and well-executed transition from one CEO to the next.

Accepted Answer

A) True 
 B)False

Question 11

When the succession process founders, it can destroy the CEO's legacy by all but which of the following?

Accepted Answer

A)  undermining investor confidence 
B)  depressing the stock price 
C)  creating dissention on the board 
D)  causing an inferior CEO to be hired 
A)  undermining investor confidence 
B)  depressing the stock price 
C)  creating dissention on the board 
D)  causing an inferior CEO to be hired

Question 12

All of the following are examples of a leader's interpersonal roles except ________.

Accepted Answer

A)  liaison 
B)  monitor 
C)  leader 
D)  figurehead 
A)  liaison 
B)  monitor 
C)  leader 
D)  figurehead

Question 13

The mission statement is the declaration of what a firm is and its fundamental values and purposes.

Accepted Answer

A) True 
 B)False

Question 14

Clearly articulated vision and mission statements may be used as substitutes for strategy.

Accepted Answer

A) True 
 B)False

Question 15

What is strategic coherence?

Accepted Answer

Strategic coherence is the symmetrical c

Question 16

Effective strategic leaders craft vision and mission statements because ________.

Accepted Answer

A)  they provide measurable outcomes 
B)  they are the basis for a balanced scorecard 
C)  they influence strategy formulation and implementation 
D)  they provide a rigid framework for strategic management 
A)  they provide measurable outcomes 
B)  they are the basis for a balanced scorecard 
C)  they influence strategy formulation and implementation 
D)  they provide a rigid framework for strategic management

Question 17

The theory of "natural" leaders suggest that leaders can be classified according to ________.

Accepted Answer

A)  personality differences 
B)  education 
C)  work experience 
D)  demographics 
A)  personality differences 
B)  education 
C)  work experience 
D)  demographics

Question 18

Decision-making bias under which people are willing to commit additional resources to a failing course of action is called ________.

Accepted Answer

A)  illusion of control 
B)  self-serving fairness bias 
C)  illusion of optimism 
D)  escalation of commitment 
A)  illusion of control 
B)  self-serving fairness bias 
C)  illusion of optimism 
D)  escalation of commitment

Question 19

The text discusses three sets of theories about the conditions under which we make decisions. These theories are about ________.

Accepted Answer

A)  ourselves, other people, and our world 
B)  ourselves, our government, and our environment 
C)  other people, our world, and our families 
D)  other people, ourselves, and our families 
A)  ourselves, other people, and our world 
B)  ourselves, our government, and our environment 
C)  other people, our world, and our families 
D)  other people, ourselves, and our families

Question 20

According to the text, executives tend to be reactive and defensive in their decisions when their firms don't have which of the following?

Accepted Answer

A)  leadership training 
B)  skilled personnel 
C)  positive net worth 
D)  clear strategies 
A)  leadership training 
B)  skilled personnel 
C)  positive net worth 
D)  clear strategies

Stakeholder analysis is an important input into both strategy formulation and implementation.

Who are an organization's external stakeholders?

What is the definition of succession planning?

Mission statements generally express long-term action horizons and are ambiguous and ambitious by design.

A hallmark of a great leader is knowing when and how to follow the lead of others.

An effective executive team relies partly on the division of labor.

Goals and objectives are statements of organizational identity and purpose that can guide executives in making corporate decisions.

Demographics refers to all but which of the following?

The role of liaison represents a vertical relationship.

Succession planning is the process of managing a well-planned and well-executed transition from one CEO to the next.

When the succession process founders, it can destroy the CEO's legacy by all but which of the following?

All of the following are examples of a leader's interpersonal roles except ________.

The mission statement is the declaration of what a firm is and its fundamental values and purposes.

Clearly articulated vision and mission statements may be used as substitutes for strategy.

What is strategic coherence?

Effective strategic leaders craft vision and mission statements because ________.

The theory of "natural" leaders suggest that leaders can be classified according to ________.

Decision-making bias under which people are willing to commit additional resources to a failing course of action is called ________.

The text discusses three sets of theories about the conditions under which we make decisions. These theories are about ________.

According to the text, executives tend to be reactive and defensive in their decisions when their firms don't have which of the following?

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

Stakeholder analysis is an important input into both strategy formulation and implementation.

Who are an organization's external stakeholders?

What is the definition of succession planning?

Mission statements generally express long-term action horizons and are ambiguous and ambitious by design.

A hallmark of a great leader is knowing when and how to follow the lead of others.

An effective executive team relies partly on the division of labor.

Goals and objectives are statements of organizational identity and purpose that can guide executives in making corporate decisions.

Demographics refers to all but which of the following?

The role of liaison represents a vertical relationship.

Succession planning is the process of managing a well-planned and well-executed transition from one CEO to the next.

When the succession process founders, it can destroy the CEO's legacy by all but which of the following?

All of the following are examples of a leader's interpersonal roles except ________.

The mission statement is the declaration of what a firm is and its fundamental values and purposes.

Clearly articulated vision and mission statements may be used as substitutes for strategy.

What is strategic coherence?

Effective strategic leaders craft vision and mission statements because ________.

The theory of "natural" leaders suggest that leaders can be classified according to ________.

Decision-making bias under which people are willing to commit additional resources to a failing course of action is called ________.

The text discusses three sets of theories about the conditions under which we make decisions. These theories are about ________.

According to the text, executives tend to be reactive and defensive in their decisions when their firms don't have which of the following?

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