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Exam 10: Strategic Control and Corporate Governance

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Question 31

Multiple Choice

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Which of the following approaches to behavioural strategic control should be utilized least in an organization in which there is a great need for innovation and a high degree of autonomy?

A) Culture
B) Rewards
C) Boundaries
D) Profits

E) A) and C)
F) A) and B)

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Question 32

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Once a strong and healthy organizational culture has been established, it becomes self-sustaining.

A) True
B) False

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Question 33

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Discuss the contingent nature of strategic controls. How would controls be different for firms pursuing overall low costs strategies versus differentiation strategies?

"Contemporary" strategic controls involve comparing actual performance to predetermined goals.

Stock analysts generally issue more "sell" recommendations than "buy" recommendations.

An organization's reward system is typically a weak method of motivating employees.

What are the four characteristics of effective contemporary control systems?

Examples of firms that have built a culture around product quality are

In a corporation, the primary participants include all of the following, except

In terms of building a strong and effective corporate culture, Canada's Cirque du Soleil was described as focusing on

Outline some of the reasons that might compel organizations to traditional feedback system.

Effective short-term objectives have all of the following priorities, except

Auditors are appointed by the Securities and Exchange Commission to audit a company's financial statements.

Reward systems that reinforce an organization's core values and contribute to organizational cohesiveness are the least effective type.

Short-term objectives and action plans are types of boundaries that channel the efforts of employees toward goal accomplishment.

Unexpected events such as changes in consumer preference or new government regulations have little effect on short-term objectives that need to remain fixed to be effective.

External control mechanisms include all of the following, except

The Sarbanes-Oxley Act of 2002 requires that CEOs and CFOs of publicly-listed companies must reveal off-balance-sheet finances and vouch for the accuracy of information provided.

What are the characteristics of short-term objectives? Provide examples of practical applications of these characteristics by organizations.

Which of the following is one of the leading indicators of concentrated ownership?