Chapter 01 - 11e
1. Award: 10.00 points
The success of Apple under its former CEO, Steve Jobs, was largely attributed to the quality of its
leader. According to the text, this would be an example of the “romantic” perspective of leadership.
True
False
In the romantic view of leadership, the implicit assumption is that the leader is the key force in
determining an organization’s success or lack thereof. Consider, for example, the credit that has
been bestowed on leaders such as Bill Gates, Andrew Grove, and Jeff Bezos for the tremendous
accomplishments when they led their firms: Microsoft, Intel, and Amazon, respectively. Similarly, the
emergence of Apple as one of the most valuable firms in the world has been attributed almost
entirely to the late Steve Jobs, its former CEO, who died on October 5, 2011.
References
True / False Difficulty: 1 Easy Learning Objective: 01-01 Define strategic
management and its four key attributes.
2. Award: 10.00 points
Strategic management consists of the analyses, decisions, and actions an organization undertakes
in order to create and sustain competitive advantages.
True
False
According to the textbook, this is the definition of strategic management.
References
True / False Difficulty: 1 Easy Learning Objective: 01-01 Define strategic
management and its four key attributes.
, 3. Award: 10.00 points
Management innovations such as total quality, just-in-time, benchmarking, business process
reengineering, and outsourcing are important but not enough for building sustainable competitive
advantage.
True
False
Sustainable competitive advantage cannot be achieved through operational effectiveness alone.
Popular management innovations of the last two decades like total quality, just-in-time,
benchmarking, business process reengineering, and outsourcing are concerned with operational
effectiveness.
References
True / False Difficulty: 2 Medium Learning Objective: 01-01 Define strategic
management and its four key attributes.
4. Award: 10.00 points
Trade-off decisions between effectiveness and efficiency are important in the practice of strategic
management.
True
False
The fourth attribute of strategic management is that it involves the recognition of trade-offs between
effectiveness and efficiency. Some authors have referred to this as the difference between doing
the right thing (effectiveness) and doing things right (efficiency).
References
True / False Difficulty: 2 Medium Learning Objective: 01-01 Define strategic
management and its four key attributes.
1. Award: 10.00 points
The success of Apple under its former CEO, Steve Jobs, was largely attributed to the quality of its
leader. According to the text, this would be an example of the “romantic” perspective of leadership.
True
False
In the romantic view of leadership, the implicit assumption is that the leader is the key force in
determining an organization’s success or lack thereof. Consider, for example, the credit that has
been bestowed on leaders such as Bill Gates, Andrew Grove, and Jeff Bezos for the tremendous
accomplishments when they led their firms: Microsoft, Intel, and Amazon, respectively. Similarly, the
emergence of Apple as one of the most valuable firms in the world has been attributed almost
entirely to the late Steve Jobs, its former CEO, who died on October 5, 2011.
References
True / False Difficulty: 1 Easy Learning Objective: 01-01 Define strategic
management and its four key attributes.
2. Award: 10.00 points
Strategic management consists of the analyses, decisions, and actions an organization undertakes
in order to create and sustain competitive advantages.
True
False
According to the textbook, this is the definition of strategic management.
References
True / False Difficulty: 1 Easy Learning Objective: 01-01 Define strategic
management and its four key attributes.
, 3. Award: 10.00 points
Management innovations such as total quality, just-in-time, benchmarking, business process
reengineering, and outsourcing are important but not enough for building sustainable competitive
advantage.
True
False
Sustainable competitive advantage cannot be achieved through operational effectiveness alone.
Popular management innovations of the last two decades like total quality, just-in-time,
benchmarking, business process reengineering, and outsourcing are concerned with operational
effectiveness.
References
True / False Difficulty: 2 Medium Learning Objective: 01-01 Define strategic
management and its four key attributes.
4. Award: 10.00 points
Trade-off decisions between effectiveness and efficiency are important in the practice of strategic
management.
True
False
The fourth attribute of strategic management is that it involves the recognition of trade-offs between
effectiveness and efficiency. Some authors have referred to this as the difference between doing
the right thing (effectiveness) and doing things right (efficiency).
References
True / False Difficulty: 2 Medium Learning Objective: 01-01 Define strategic
management and its four key attributes.
