Question 1

Most strategic decisions require a tradeoff between ________.

Accepted Answer

A)  vision and mission 
B)  efficiency and effectiveness 
C)  strategic purpose and strategic coherence 
D)  short-term and long-term goals 
A)  vision and mission 
B)  efficiency and effectiveness 
C)  strategic purpose and strategic coherence 
D)  short-term and long-term goals

Question 2

Product-market stakeholders include all of the following except ________.

Accepted Answer

A)  suppliers 
B)  customers 
C)  shareholders 
D)  distributors 
A)  suppliers 
B)  customers 
C)  shareholders 
D)  distributors

Question 3

Leader background differences include ________.

Accepted Answer

A)  gender 
B)  network ties 
C)  religion 
D)  work experience 
A)  gender 
B)  network ties 
C)  religion 
D)  work experience

Question 4

The challenge posed by a strategic purpose is to close the gap between the firm's aspirations and its current ________.

Accepted Answer

A)  capabilities and market positions 
B)  productivity level 
C)  personnel numbers 
D)  return on invested capital (ROI
C)  
A)  capabilities and market positions 
B)  productivity level 
C)  personnel numbers 
D)  return on invested capital (ROI
C)

Question 5

A balanced scorecard is a system for translating vision and strategy into tangible performance measurements.

Accepted Answer

A) True 
 B)False

Question 6

The process of managing a well-planned and well-executed transition from one CEO to another is called ________.

Accepted Answer

A)  human resource planning 
B)  leadership planning 
C)  managerial development 
D)  succession planning 
A)  human resource planning 
B)  leadership planning 
C)  managerial development 
D)  succession planning

Most strategic decisions require a tradeoff between ________.

Product-market stakeholders include all of the following except ________.

Leader background differences include ________.

The challenge posed by a strategic purpose is to close the gap between the firm's aspirations and its current ________.

A balanced scorecard is a system for translating vision and strategy into tangible performance measurements.

The process of managing a well-planned and well-executed transition from one CEO to another is called ________.

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

Most strategic decisions require a tradeoff between ________.

Product-market stakeholders include all of the following except ________.

Leader background differences include ________.

The challenge posed by a strategic purpose is to close the gap between the firm's aspirations and its current ________.

A balanced scorecard is a system for translating vision and strategy into tangible performance measurements.

The process of managing a well-planned and well-executed transition from one CEO to another is called ________.

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