Test Bank for Strategic Management Text and Cases 11th Edition Dess-stamped

Test Bank for Strategic Management Text and Cases 11th Edition Dess Version 1 2 TRUE/FALSE - Write 'T' if the statement is true and 'F' if the statement is false. 1) 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 Question Details AACSB : Knowledge Application Accessibility : Keyboard Navigation Bloom's : Remember Difficulty : 1 Easy Learning Objective : 01-01 Define strategic management and its four key attributes. Topic : Strategy and the Strategic Management Process Source : Chapter 01 Test Bank > TF Qu. 01 The success of Apple under its former CEO, S... 2) Strategic management consists of the analyses, decisions, and actions an organization undertakes in order to create and sustain competitive advantages. ⊚ true ⊚ false Question Details AACSB : Knowledge Application Accessibility : Keyboard Navigation Bloom's : Remember Difficulty : 1 Easy Learning Objective : 01-01 Define strategic management and its four key attributes. Topic : Strategy and the Strategic Management Process Source : Chapter 01 Test Bank > TF Qu. 02 Strategic management consists of the analyse... 3) 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 Question Details AACSB : Analytical Thinking Accessibility : Keyboard Navigation Bloom's : Understand Difficulty : 2 Medium Learning Objective : 01-01 Define strategic management and its four key attributes. Topic : Strategy and the Strategic Management Process Source : Chapter 01 Test Bank > TF Qu. 03 Management innovations such as total quality... Version 1 3 4) Trade-off decisions between effectiveness and efficiency are important in the practice of strategic management. ⊚ true ⊚ false Question Details AACSB : Analytical Thinking Accessibility : Keyboard Navigation Bloom's : Understand Difficulty : 2 Medium Learning Objective : 01-01 Define strategic management and its four key attributes. Topic : Strategy and the Strategic Management Process Source : Chapter 01 Test Bank > TF Qu. 04 Trade-off decisions between effectiveness an... 5) According to the textbook, digitizing existing business processes rarely improves efficiency. ⊚ true ⊚ false Question Details AACSB : Knowledge Application Accessibility : Keyboard Navigation Bloom's : Remember Difficulty : 1 Easy Learning Objective : 01-01 Define strategic management and its four key attributes. Topic : Strategy and the Strategic Management Process Source : Chapter 01 Test Bank > TF Qu. 05 According to the textbook, digitizing existi... 6) A company that digitizes existing processes may achieve operational excellence on an outdated value proposition. Airbnb is an example of a company that entered the market with a superior digital offering, competing against hotels that had only digitized processes. ⊚ true ⊚ false Question Details AACSB : Knowledge Application Accessibility : Keyboard Navigation Bloom's : Remember Difficulty : 1 Easy Learning Objective : 01-01 Define strategic management and its four key attributes. Topic : Strategy and the Strategic Management Process Source : Chapter 01 Test Bank > TF Qu. 06 A company that digitizes existing processes ... Version 1 4 7) According to Henry Mintzberg, a management scholar, most firms do not realize their original intended strategy. ⊚ true ⊚ false Question Details AACSB : Analytical Thinking Accessibility : Keyboard Navigation Bloom's : Understand Difficulty : 2 Medium Learning Objective : 01-02 Understand the strategic management process and its three interrelated and Topic : Strategy and the Strategic Management Process Source : Chapter 01 Test Bank > TF Qu. 07 According to Henry Mintzberg, a management s... 8) The final realized strategy of a firm is a combination of deliberate and time-tested strategies only. ⊚ true ⊚ false Question Details AACSB : Knowledge Application Accessibility : Keyboard Navigation Bloom's : Understand Difficulty : 2 Medium Learning Objective : 01-02 Understand the strategic management process and its three interrelated and Topic : Strategy and the Strategic Management Process Source : Chapter 01 Test Bank > TF Qu. 08 The final realized strategy of a firm is a c... 9) Strategy analysis is the study of only the big picture external environments of the firm. ⊚ true ⊚ false Question Details AACSB : Knowledge Application Accessibility : Keyboard Navigation Bloom's : Remember Difficulty : 1 Easy Learning Objective : 01-02 Understand the strategic management process and its three interrelated and Topic : Strategy and the Strategic Management Process Source : Chapter 01 Test Bank > TF Qu. 09 Strategy analysis is the study of only the b... Version 1 5 10) All successful firms compete and outperform their rivals by developing bases for competitive advantage, which can be achieved only through cost leadership. ⊚ true ⊚ false Question Details AACSB : Analytical Thinking Accessibility : Keyboard Navigation Bloom's : Understand Difficulty : 2 Medium Learning Objective : 01-02 Understand the strategic management process and its three interrelated and Topic : Strategy and the Strategic Management Process Source : Chapter 01 Test Bank > TF Qu. 10 All successful firms compete and outperform ... 11) The three primary participants in corporate governance are: (1) the shareholders, (2) the management (led by the chief executive officer), and (3) the employees. ⊚ true ⊚ false Question Details AACSB : Knowledge Application Accessibility : Keyboard Navigation Bloom's : Understand Difficulty : 2 Medium Learning Objective : 01-03 Identify the vital role of corporate governance and stakeholder management Topic : Corporate Governance Source : Chapter 01 Test Bank > TF Qu. 11 The three primary participants in corporate ... 12) Decisions by boards of directors are always consistent with shareholder interests. ⊚ true ⊚ false Question Details AACSB : Knowledge Application Accessibility : Keyboard Navigation Bloom's : Remember Difficulty : 1 Easy Learning Objective : 01-03 Identify the vital role of corporate governance and stakeholder management Topic : Corporate Governance Source : Chapter 01 Test Bank > TF Qu. 12 Decisions by boards of directors are always ... Version 1 6 13) Ensuring effective corporate governance requires an effective and engaged board of directors, uninvolved shareholders, and proper managerial rewards and incentives. ⊚ true ⊚ false Question Details AACSB : Analytical Thinking Accessibility : Keyboard Navigation Bloom's : Understand Difficulty : 2 Medium Learning Objective : 01-03 Identify the vital role of corporate governance and stakeholder management Topic : Corporate Governance Source : Chapter 01 Test Bank > TF Qu. 13 Ensuring effective corporate governance requ... 14) The core mission of the board of directors is to provide strong oversight and strategic support for employee efforts to receive maximum financial and monetary equivalent benefits. ⊚ true ⊚ false Question Details AACSB : Knowledge Application Accessibility : Keyboard Navigation Bloom's : Remember Difficulty : 1 Easy Learning Objective : 01-03 Identify the vital role of corporate governance and stakeholder management Topic : Corporate Governance Source : Chapter 01 Test Bank > TF Qu. 14 The core mission of the board of directors i... 15) Social responsibility is the idea that organizations are only accountable to stockholders. ⊚ true ⊚ false Question Details AACSB : Knowledge Application Accessibility : Keyboard Navigation Bloom's : Remember Difficulty : 1 Easy Learning Objective : 01-04 Understand the importance of social responsibility, including environmenta Topic : Corporate Social Responsibility and Sustainability Source : Chapter 01 Test Bank > TF Qu. 15 Social responsibility is the idea that organ... Version 1 7 16) Shell, NEC, and Procter and Gamble have been measuring their performance according to what has been called a triple bottom line. This technique involves an assessment of financial, social, and environmental performance. ⊚ true ⊚ false Question Details AACSB : Analytical Thinking Accessibility : Keyboard Navigation Bloom's : Understand Difficulty : 2 Medium Learning Objective : 01-04 Understand the importance of social responsibility, including environmenta Topic : Corporate Social Responsibility and Sustainability Source : Chapter 01 Test Bank > TF Qu. 16 Shell, NEC, and Procter and Gamble have been... 17) Sustainability is being increasingly recognized as a source of cost efficiencies and revenue growth. ⊚ true ⊚ false Question Details AACSB : Analytical Thinking Accessibility : Keyboard Navigation Bloom's : Understand Difficulty : 2 Medium Learning Objective : 01-04 Understand the importance of social responsibility, including environmenta Topic : Corporate Social Responsibility and Sustainability Source : Chapter 01 Test Bank > TF Qu. 17 Sustainability is being increasingly recogni... 18) Responsible investment approaches evaluate companies based on environmental, social, and growth criteria (ESG investment trend). ⊚ true ⊚ false Question Details AACSB : Knowledge Application Accessibility : Keyboard Navigation Bloom's : Remember Difficulty : 1 Easy Learning Objective : 01-04 Understand the importance of social responsibility, including environmenta Topic : Corporate Social Responsibility and Sustainability Source : Chapter 01 Test Bank > TF Qu. 18 Responsible investment approaches evaluate c... Version 1 8 19) Focusing on the ESG criteria does not enhance corporate financial performance, because it does NOT benefit society or investors who support ESG funds. ⊚ true ⊚ false Question Details AACSB : Analytical Thinking Accessibility : Keyboard Navigation Bloom's : Understand Difficulty : 2 Medium Learning Objective : 01-04 Understand the importance of social responsibility, including environmenta Topic : Corporate Social Responsibility and Sustainability Source : Chapter 01 Test Bank > TF Qu. 19 Focusing on the ESG criteria does not enhanc... 20) Strategic management requires managers at all levels of the organization to take a segregated view of the organization. ⊚ true ⊚ false Question Details AACSB : Knowledge Application Accessibility : Keyboard Navigation Bloom's : Remember Difficulty : 1 Easy Learning Objective : 01-05 Recognize the need for greater empowerment throughout the organization. Topic : Value of Strategic Leadership Source : Chapter 01 Test Bank > TF Qu. 20 Strategic management requires managers at al... 21) The strategic management process should be addressed only by top-level executives. Midlevel and low-level employees are best equipped to implement the strategies of the organization. ⊚ true ⊚ false Question Details AACSB : Analytical Thinking Accessibility : Keyboard Navigation Bloom's : Understand Difficulty : 2 Medium Learning Objective : 01-05 Recognize the need for greater empowerment throughout the organization. Topic : Value of Strategic Leadership Source : Chapter 01 Test Bank > TF Qu. 21 The strategic management process should be a... Version 1 9 22) Richard Branson, the founder of the Virgin Group, is well known for creating an inclusive organizational structure in which anybody in the organization can be involved in generating and acting on new business ideas. ⊚ true ⊚ false Question Details AACSB : Analytical Thinking Accessibility : Keyboard Navigation Bloom's : Understand Difficulty : 2 Medium Learning Objective : 01-05 Recognize the need for greater empowerment throughout the organization. Topic : Value of Strategic Leadership Source : Chapter 01 Test Bank > TF Qu. 22 Richard Branson, the founder of the Virgin G... 23) Managers must create management processes to foster change. In the example of the filming of the movie Gorillas in the Mist, an intern suggested a way to save costs and the film director listened. This is an example of empowerment. ⊚ true ⊚ false Question Details AACSB : Analytical Thinking Accessibility : Keyboard Navigation Bloom's : Understand Difficulty : 2 Medium Learning Objective : 01-05 Recognize the need for greater empowerment throughout the organization. Topic : Value of Strategic Leadership Source : Chapter 01 Test Bank > TF Qu. 23 Managers must create management processes to... 24) As Strategy Spotlight 1.3 indicates, one of the main reasons General Electric started failing in 2016 is because top managers did not listen to the early warning signals being reported by lower levels of the organization and did not take preventative action. ⊚ true ⊚ false Question Details AACSB : Analytical Thinking Accessibility : Keyboard Navigation Bloom's : Understand Difficulty : 2 Medium Learning Objective : 01-05 Recognize the need for greater empowerment throughout the organization. Topic : Value of Strategic Leadership Source : Chapter 01 Test Bank > TF Qu. 24 As Strategy Spotlight 1.3 indicates, one of ... Version 1 10 25) The vision of an organization is at the top level of its hierarchy of organizational goals. The vision statement should be massively inspiring, overarching, and long term. ⊚ true ⊚ false Question Details AACSB : Analytical Thinking Accessibility : Keyboard Navigation Bloom's : Understand Difficulty : 2 Medium Learning Objective : 01-06 Explain how an awareness of a hierarchy of strategic goals can help an org Topic : The Roles of Vision, Mission, and Values in the Strategic Management Process Source : Chapter 01 Test Bank > TF Qu. 25 The vision of an organization is at the top ... 26) Much research has supported the notion that individuals work much harder when they are asked to do their best rather than when they are striving toward a specific goal. ⊚ true ⊚ false Question Details AACSB : Analytical Thinking Accessibility : Keyboard Navigation Bloom's : Understand Difficulty : 2 Medium Learning Objective : 01-06 Explain how an awareness of a hierarchy of strategic goals can help an org Topic : The Roles of Vision, Mission, and Values in the Strategic Management Process Source : Chapter 01 Test Bank > TF Qu. 26 Much research has supported the notion that ... 27) An idealistic vision can arouse employee enthusiasm and therefore is a good vision. ⊚ true ⊚ false Question Details AACSB : Analytical Thinking Accessibility : Keyboard Navigation Bloom's : Understand Difficulty : 2 Medium Learning Objective : 01-06 Explain how an awareness of a hierarchy of strategic goals can help an org Topic : The Roles of Vision, Mission, and Values in the Strategic Management Process Source : Chapter 01 Test Bank > TF Qu. 27 An idealistic vision can arouse employee ent... Version 1 11 MULTIPLE CHOICE - Choose the one alternative that best completes the statement or answers the question. 28) The text addresses two perspectives of leadership as well as their implications. These two perspectives are A) romantic and unromantic. B) romantic and internal control. C) romantic and external control. D) external control and unromantic. Question Details AACSB : Knowledge Application Accessibility : Keyboard Navigation Bloom's : Remember Difficulty : 1 Easy Learning Objective : 01-01 Define strategic management and its four key attributes. Topic : Strategy and the Strategic Management Process Source : Chapter 01 Test Bank > MC Qu. 28 The text addresses two perspectives of leade... 29) In the opening Learning from Mistakes case, in 2017 Luckin Coffee faced challenges from the external environment over which it had little control. Its primary competitor, Starbucks, was strongly entrenched in the Chinese marketplace and intended to continue growing there. By 2020, Luckin Coffee was delisted from the Nasdaq stock exchange. This resulting failure can be attributed largely to A) Luckin Coffee CEO Qian’s leadership. B) Luckin Coffee products not appealing to the consumer. C) Starbucks using shady business practices. D) Chinese market not interested in coffee drinks. Question Details AACSB : Knowledge Application Accessibility : Keyboard Navigation Bloom's : Remember Difficulty : 1 Easy Learning Objective : 01-01 Define strategic management and its four key attributes. Topic : Strategy and the Strategic Management Process Source : Chapter 01 Test Bank > MC Qu. 29 In the opening Learning from Mistakes case, ... Version 1 12 30) When developments in the general environment, such as new technologies, or an outbreak of internal conflict occur, they can greatly restrict the choices that are available to company leaders. This is the________ view of leadership. A) external supply B) internal control C) external control D) internal supply Question Details AACSB : Analytical Thinking Accessibility : Keyboard Navigation Bloom's : Understand Difficulty : 2 Medium Learning Objective : 01-01 Define strategic management and its four key attributes. Topic : Strategy and the Strategic Management Process Source : Chapter 01 Test Bank > MC Qu. 30 When developments in the general environment... 31) Borders and Waldenbooks were quickly overtaken by Amazon, largely due to the shift from brick-and-mortar bookstores to online book buying. This exemplifies the________ view of leadership. A) romantic B) financial C) strategic D) external control Question Details AACSB : Knowledge Application Accessibility : Keyboard Navigation Bloom's : Remember Difficulty : 1 Easy Learning Objective : 01-01 Define strategic management and its four key attributes. Topic : Strategy and the Strategic Management Process Source : Chapter 01 Test Bank > MC Qu. 31 Borders and Waldenbooks were quickly overtak... Version 1 13 32) In the Learning from Mistakes case discussion of Luckin Coffee, which view of leadership most accurately describes the reason it was eventually delisted from the Nasdaq stock exchange in June 2020? A) romantic B) external control C) internal control D) financial Question Details AACSB : Analytical Thinking Accessibility : Keyboard Navigation Bloom's : Understand Difficulty : 2 Medium Learning Objective : 01-01 Define strategic management and its four key attributes. Topic : Strategy and the Strategic Management Process Source : Chapter 01 Test Bank > MC Qu. 32 In the Learning from Mistakes case discussio... 33) When a CEO makes many mistakes in assessing the market and the competitive conditions and improperly redesigns the organization into numerous business units, these errors lead to significant performance declines. According to the text, this example illustrates the________ perspective of leadership. A) external control B) romantic C) internal mechanism D) operational Question Details AACSB : Analytical Thinking Accessibility : Keyboard Navigation Bloom's : Understand Difficulty : 2 Medium Learning Objective : 01-01 Define strategic management and its four key attributes. Topic : Strategy and the Strategic Management Process Source : Chapter 01 Test Bank > MC Qu. 33 When a CEO makes many mistakes in assessing ... Version 1 14 34) According to the external control view of leadership, which of the following factors would not be considered an external factor that might positively or negatively affect a firm’s success? A) economic downturns B) governmental legislation C) outbreak of war D) company employee morale Question Details AACSB : Analytical Thinking Accessibility : Keyboard Navigation Bloom's : Understand Difficulty : 2 Medium Learning Objective : 01-01 Define strategic management and its four key attributes. Topic : Strategy and the Strategic Management Process Source : Chapter 01 Test Bank > MC Qu. 34 According to the external control view of le... 35) According to the text, the strategic management process entails three ongoing processes. They are A) analyses, actions, and synthesis. B) analyses, synthesis, and decisions. C) analyses, evaluation, and critique. D) analyses, decisions, and actions. Question Details AACSB : Knowledge Application Accessibility : Keyboard Navigation Bloom's : Remember Difficulty : 1 Easy Learning Objective : 01-01 Define strategic management and its four key attributes. Topic : Strategy and the Strategic Management Process Source : Chapter 01 Test Bank > MC Qu. 35 According to the text, the strategic managem