Question 1

In the Mintzberg model, organizational decisions determined only by analysis are intended strategy.

Accepted Answer

A) True 
 B)False

Question 2

Transformational change involves

Accepted Answer

A)  extensive communication.
B)  little training.
C)  no employee development.
D)  few incentives.E) A) and C)
F) B) and C)

Question 3

Traditional financial models are built around relatively easy-to-measure, monetized results; whereas, the benefits of sustainability projects involve

Accepted Answer

A)  clear tangibles.
B)  clear intangibles.
C)  fuzzy tangibles.
D)  fuzzy intangibles.E) A) and C)
F) B) and C)

Question 4

Sustainability is being increasingly recognized as a source of cost efficiencies and revenue growth.

Accepted Answer

A) True 
 B)False

Question 5

Entering foreign markets requires firms to ascertain foremost how they will attain

Accepted Answer

A)  market share.
B)  low costs.
C)  competitive advantage.
D)  low returns on investment.E) A) and B)
F) A) and C)

Question 6

According to a CEO survey by Accenture, __________________ are not mutually exclusive corporate goals.

Accepted Answer

A)  quality and profitability
B)  sustainability and profitability
C)  ROI and quality
D)  availability and ROIE) B) and C)
F) C) and D)

Question 7

Some benefits of sustainability projects include

Accepted Answer

A)  reducing risks.
B)  lagging behind regulations.
C)  displeasing communities.
D)  ignoring employee morale.E) B) and D)
F) A) and C)

Question 8

We want to be the top-ranked supplier to our customers. (PPG)  This is an example of a

Accepted Answer

A)  nonfinancial strategic objective.
B)  financial strategic objective.
C)  vision statement.
D)  mission statement.E) A) and B)
F) A) and C)

Question 9

In large organizations, the potential exists for different parts of an organization to pursue its own goals rather than the overall company goals. Proper _______ can help to resolve conflicts when they arise.

Accepted Answer

A)  mission statements
B)  vision statements
C)  organization structure
D)  objectivesE) A) and C)
F) A) and D)

Question 10

According to the CEO of IDEO, Tim Brown, spotting and promoting at any level in the firm is important.

Accepted Answer

A) True 
 B)False

Question 11

Two types of strategic control that firms must exercise for good strategy implementation are

Accepted Answer

A)  informational and confrontational.
B)  confrontational and behavioral.
C)  behavioral and financial.
D)  informational and behavioral.E) All of the above
F) A) and B)

Question 12

Local line leaders are key in setting the tone for the empowerment of employees.

Accepted Answer

A) True 
 B)False

Question 13

Hewlett-Packard's failure and success under the leadership first of Carly Fiorina and then of Mark Hurd was said to be a direct result of the quality of leadership of each of these CEOs. According to the text, this would be an example of the "romantic" perspective of leadership.

Accepted Answer

A) True 
 B)False

Question 14

Strategic management is concerned with the analysis of strategic goals as stated in the vision, mission, and strategic objectives of a firm.

Accepted Answer

A) True 
 B)False

Question 15

Strategic management is only concerned with short-term perspectives.

Accepted Answer

A) True 
 B)False

Question 16

Effectiveness is often defined as

Accepted Answer

A)  doing things right.
B)  stakeholder satisfaction.
C)  doing the right thing.
D)  productivity enhancement.E) B) and C)
F) A) and B)

Question 17

When formulating strategic objectives, managers need to remember that too many objectives can result in a lack of focus and diminished results.

Accepted Answer

A) True 
 B)False

Question 18

Internal networks generate their power through the _____________ of their ideas.

Accepted Answer

A)  validity and correctness
B)  conviction and clarity
C)  validation and recognition
D)  approval and awarenessE) A) and D)
F) All of the above

Question 19

In contrast to the vision of an organization, its mission should

Accepted Answer

A)  be shorter in length.
B)  encompass both the purpose of the company as well as the basis of competition.
C)  encompass all the major rules and regulations of the corporate work force.
D)  be less detailed.E) C) and D)
F) A) and D)

Question 20

Executive leaders champion and guide ideas by

Accepted Answer

A)  reinforcing ideas that did not work.
B)  creating a learning infrastructure.
C)  validating their formal authority.
D)  increasing their personal power.E) None of the above
F) A) and D)

Exam 1: Strategic Management: Creating Competitive Advantages

Two types of strategic control that firms must exercise for good strategy implementation are

Correct AnswerverifiedShow Answer

Strategic management is only concerned with short-term perspectives.

Correct AnswerverifiedShow Answer

In large organizations, the potential exists for different parts of an organization to pursue its own goals rather than the overall company goals. Proper _______ can help to resolve conflicts when they arise.

Correct AnswerverifiedShow Answer

In contrast to the vision of an organization, its mission should

Correct AnswerverifiedShow Answer

Transformational change involves

Correct AnswerverifiedShow Answer

Effectiveness is often defined as

Correct AnswerverifiedShow Answer

Entering foreign markets requires firms to ascertain foremost how they will attain

Correct AnswerverifiedShow Answer

Executive leaders champion and guide ideas by

Correct AnswerverifiedShow Answer

Hewlett-Packard's failure and success under the leadership first of Carly Fiorina and then of Mark Hurd was said to be a direct result of the quality of leadership of each of these CEOs. According to the text, this would be an example of the "romantic" perspective of leadership.

Correct AnswerverifiedShow Answer

Strategic management is concerned with the analysis of strategic goals as stated in the vision, mission, and strategic objectives of a firm.

Correct AnswerverifiedShow Answer

Local line leaders are key in setting the tone for the empowerment of employees.

Correct AnswerverifiedShow Answer

Some benefits of sustainability projects include

Correct AnswerverifiedShow Answer

We want to be the top-ranked supplier to our customers. (PPG) This is an example of a

Correct AnswerverifiedShow Answer

According to a CEO survey by Accenture, __________________ are not mutually exclusive corporate goals.

Correct AnswerverifiedShow Answer

Internal networks generate their power through the _____________ of their ideas.

Correct AnswerverifiedShow Answer

Sustainability is being increasingly recognized as a source of cost efficiencies and revenue growth.

Correct AnswerverifiedShow Answer

Traditional financial models are built around relatively easy-to-measure, monetized results; whereas, the benefits of sustainability projects involve

Correct AnswerverifiedShow Answer

According to the CEO of IDEO, Tim Brown, spotting and promoting at any level in the firm is important.

Correct AnswerverifiedShow Answer

In the Mintzberg model, organizational decisions determined only by analysis are intended strategy.

Correct AnswerverifiedShow Answer

When formulating strategic objectives, managers need to remember that too many objectives can result in a lack of focus and diminished results.

Correct AnswerverifiedShow Answer

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