Question 1

The four key attributes of strategic management include the idea that strategy must

Accepted Answer

A)  be directed toward overall organizational goals and objectives.
B)  be focused only on long-term objectives.
C)  be focused on only one specific area of an organization.
D)  focus only on competitor strengths.E) B) and C)
F) C) and D)

Question 2

Effective leadership can play a large role in fostering corporate entrepreneurship. Corporate entrepreneurship can have a very positive impact on the bottom line of a firm.

Accepted Answer

A) True 
 B)False

Question 3

In the strategic management process, only local line leaders and executive leaders are needed.

Accepted Answer

A) True 
 B)False

Question 4

A key stakeholder group that is particularly susceptible to corporate social responsibility (CSR)  initiatives is

Accepted Answer

A)  suppliers.
B)  rivals.
C)  government agencies.
D)  consumers.E) None of the above
F) A) and C)

Question 5

The ROI on a sustainability project generally is easy to quantify.

Accepted Answer

A) True 
 B)False

Question 6

The hierarchy of organizational goals is in this order (least specific to most specific) :

Accepted Answer

A)  vision statements, strategic objectives, mission statements
B)  mission statements, strategic objectives, vision statements
C)  vision statements, mission statements, strategic objectives
D)  mission statements, vision statements, strategic objectivesE) B) and C)
F) A) and B)

Question 7

Strategic objectives should be measurable, specific, appropriate, and realistic, but not constrained by time deadlines.

Accepted Answer

A) True 
 B)False

Question 8

Decisions by boards of directors are always consistent with shareholder interests.

Accepted Answer

A) True 
 B)False

Question 9

Sustainability projects often require shorter-term payback windows than other projects.

Accepted Answer

A) True 
 B)False

Question 10

The strategic management process should be addressed only by top-level executives. Mid-level and low-level employees are best equipped to implement the strategies of the organization.

Accepted Answer

A) True 
 B)False

Question 11

Strategic management is not concerned with how to create competitive advantage in the marketplace.

Accepted Answer

A) True 
 B)False

Question 12

The four key attributes of strategic management include all of the following except

Accepted Answer

A)  including multiple stakeholder interests in decision making.
B)  incorporating both short-term and long-term perspectives.
C)  recognizing the trade-offs between effectiveness and efficiency.
D)  emphasis on the attainment of short-term objectives.E) A) and D)
F) B) and D)

Question 13

As a stakeholder group, creditors are interested in taxes and compliance with regulations.

Accepted Answer

A) True 
 B)False

Question 14

The Higgs Index enables companies to compare environmental performance outcomes in order to improve their environmental impact and is an example of how rivals work together to resolve complex problems.

Accepted Answer

A) True 
 B)False

Exam 1: Strategic Management: Creating Competitive Advantages

The Higgs Index enables companies to compare environmental performance outcomes in order to improve their environmental impact and is an example of how rivals work together to resolve complex problems.

Correct Answer
verified

The strategic management process should be addressed only by top-level executives. Mid-level and low-level employees are best equipped to implement the strategies of the organization.

Correct Answer
verified

Strategic management is not concerned with how to create competitive advantage in the marketplace.

Correct Answer
verified

A key stakeholder group that is particularly susceptible to corporate social responsibility (CSR) initiatives is

Correct Answer
verified

The four key attributes of strategic management include the idea that strategy must

Correct Answer
verified

Sustainability projects often require shorter-term payback windows than other projects.

Correct Answer
verified

Decisions by boards of directors are always consistent with shareholder interests.

Correct Answer
verified

Strategic objectives should be measurable, specific, appropriate, and realistic, but not constrained by time deadlines.

Correct Answer
verified

The hierarchy of organizational goals is in this order (least specific to most specific) :

Correct Answer
verified

In the strategic management process, only local line leaders and executive leaders are needed.

Correct Answer
verified

The ROI on a sustainability project generally is easy to quantify.

Correct Answer
verified

As a stakeholder group, creditors are interested in taxes and compliance with regulations.

Correct Answer
verified

Effective leadership can play a large role in fostering corporate entrepreneurship. Corporate entrepreneurship can have a very positive impact on the bottom line of a firm.

Correct Answer
verified

The four key attributes of strategic management include all of the following except

Correct Answer
verified

Exam 1: Strategic Management: Creating Competitive Advantages

The Higgs Index enables companies to compare environmental performance outcomes in order to improve their environmental impact and is an example of how rivals work together to resolve complex problems.

Correct AnswerverifiedShow Answer

The strategic management process should be addressed only by top-level executives. Mid-level and low-level employees are best equipped to implement the strategies of the organization.

Correct AnswerverifiedShow Answer

Strategic management is not concerned with how to create competitive advantage in the marketplace.

Correct AnswerverifiedShow Answer

A key stakeholder group that is particularly susceptible to corporate social responsibility (CSR) initiatives is

Correct AnswerverifiedShow Answer

The four key attributes of strategic management include the idea that strategy must

Correct AnswerverifiedShow Answer

Sustainability projects often require shorter-term payback windows than other projects.

Correct AnswerverifiedShow Answer

Decisions by boards of directors are always consistent with shareholder interests.

Correct AnswerverifiedShow Answer

Strategic objectives should be measurable, specific, appropriate, and realistic, but not constrained by time deadlines.

Correct AnswerverifiedShow Answer

The hierarchy of organizational goals is in this order (least specific to most specific) :

Correct AnswerverifiedShow Answer

In the strategic management process, only local line leaders and executive leaders are needed.

Correct AnswerverifiedShow Answer

The ROI on a sustainability project generally is easy to quantify.

Correct AnswerverifiedShow Answer

As a stakeholder group, creditors are interested in taxes and compliance with regulations.

Correct AnswerverifiedShow Answer

Effective leadership can play a large role in fostering corporate entrepreneurship. Corporate entrepreneurship can have a very positive impact on the bottom line of a firm.

Correct AnswerverifiedShow Answer

The four key attributes of strategic management include all of the following except

Correct AnswerverifiedShow Answer

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Correct Answer
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