Exam 2: Leading Strategically Through Effective Vision and Mission

What should vision and mission statements encompass?

In terms of strategic and ethical decision making, explain how ethnocentrism and stereotyping can have disastrous results.

Executive activities can be divided into three basic areas that include interpersonal, informational, and ________.

Firms seek competitive advantage through the quality of their human capital.

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

As liaisons, top executives maintain relationships with external stakeholders by serving on boards of directors and participating in civic organizations.

The entrepreneurial role focuses on both voluntary and proactive initiatives.

Why are vision and mission statements not a substitute for strategy?

What is the definition of ethnocentrism?

People tend to give themselves less credit than they deserve and give others more credit than they deserve.

According to level 2 in the Level 5 Hierarchy, senior managers need to show the ability to manage other people.

Succession planning is typically overseen by the board of directors, often with an outside consulting firm, and usually involves which of the following company employees?

A simplified, widely shared model of an organization and its future, including anticipated changes in its environment, is called ________.

Level 5 leaders tend to be arrogant and egotistical.

The terms leadership and strategic leadership may be used interchangeably.

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

The best description of goals is which of the following?

The steps in stakeholder planning include all but which of the following?

A firm's decision to grow rapidly through acquisitions is consistent with a corporate strategy aimed at differentiating its product line.

Social capital is the money invested in business-related social functions.