Strategic Leadership Exam 1
What are the 8 key strategic leadership capabilities? - correct answer 1) adaptability
2) develop communication & establish vision
3) global mindset
4) culture of innovation
5) resource management human & social capital
6) execution
7) ethical decision making
What is the role of the strategic leader? - correct answer to develop and lead firms to fulfill their
mission, vision, and strategy
what is strategy? - correct answer central integrated, externally oriented concept of how firm
will achieve objects; (Porter 1996) involves forging a unique valuable proposition, involving
trade-offs, aligning company activities to reinforce each other in support of goals, continual
evaluation and adjustment
what 3 things feed into strategy? - correct answer mission, objectives, and strategic analysis
what is mission composed of? - correct answer fundamental purpose and values
what are objectives? - correct answer specific targets
what makes up strategic analysis? - correct answer industry analysis, customer/market trends,
environmental forecast, competitor analysis, internal assessment
what does strategy feed into? - correct answer organizational support
,Strategic Leadership Exam 1
what composes organizational support? - correct answer structure, process, functional policies,
rewards, peoples, symbols, activities
what are the 5 key elements of strategy? - correct answer 1) arena - where will the firm be
active, with how much emphasis?
2) vehicles - how will the firm get there?
3) differentiation - how will the firm win?
4) staging - what are the speed and sequence of moves?
5) economic logic - how will the firm obtain returns?
what are the 3 interpersonal roles a strategic leader can take? - correct answer figurehead -
symbolic, ceremonial duties
leader - administrative responsibilities, motivates & encourages subordinates
liaison - maintains external network
what are the 3 informational roles that a leader can take? - correct answer monitor - scans
environment for info, receives internal & external info
disseminator - communicates info to subordinates
spokesperson - communicates info to external entities
what are the 4 decisional roles a leader can take? - correct answer entrepreneur - seeks
improvement opportunities
, Strategic Leadership Exam 1
disturbance handler - respond to external disturbances
resources allocator - making/approving decisions
negotiator - represent org in negotiations
what are the 3 basic dimensions of the job? - correct answer 1) strategy formulation,
implement, context creation
2) external & internal environments
3) substance and symbols
what does the upper echelons theory describe? - correct answer leaders make decisions based
on personal experiences, operating in environments that are both ambiguous and complex.
decisions usually occur in weak situations opposed to strong situations
what is bounded rationality? - correct answer decision making is limited by the limited info
available, cognitive limitations, time available to make the decision
what are the 2 arguments for leader control? - correct answer 1) leaders have a lot of influence
over what happens to their org, or 2) they are swept up by market/externals
what are 4 factors that determine decision making? - correct answer managerial
discretion/latitude of action, executive job demands, power distribution, behavioral integration
What are the 8 key strategic leadership capabilities? - correct answer 1) adaptability
2) develop communication & establish vision
3) global mindset
4) culture of innovation
5) resource management human & social capital
6) execution
7) ethical decision making
What is the role of the strategic leader? - correct answer to develop and lead firms to fulfill their
mission, vision, and strategy
what is strategy? - correct answer central integrated, externally oriented concept of how firm
will achieve objects; (Porter 1996) involves forging a unique valuable proposition, involving
trade-offs, aligning company activities to reinforce each other in support of goals, continual
evaluation and adjustment
what 3 things feed into strategy? - correct answer mission, objectives, and strategic analysis
what is mission composed of? - correct answer fundamental purpose and values
what are objectives? - correct answer specific targets
what makes up strategic analysis? - correct answer industry analysis, customer/market trends,
environmental forecast, competitor analysis, internal assessment
what does strategy feed into? - correct answer organizational support
,Strategic Leadership Exam 1
what composes organizational support? - correct answer structure, process, functional policies,
rewards, peoples, symbols, activities
what are the 5 key elements of strategy? - correct answer 1) arena - where will the firm be
active, with how much emphasis?
2) vehicles - how will the firm get there?
3) differentiation - how will the firm win?
4) staging - what are the speed and sequence of moves?
5) economic logic - how will the firm obtain returns?
what are the 3 interpersonal roles a strategic leader can take? - correct answer figurehead -
symbolic, ceremonial duties
leader - administrative responsibilities, motivates & encourages subordinates
liaison - maintains external network
what are the 3 informational roles that a leader can take? - correct answer monitor - scans
environment for info, receives internal & external info
disseminator - communicates info to subordinates
spokesperson - communicates info to external entities
what are the 4 decisional roles a leader can take? - correct answer entrepreneur - seeks
improvement opportunities
, Strategic Leadership Exam 1
disturbance handler - respond to external disturbances
resources allocator - making/approving decisions
negotiator - represent org in negotiations
what are the 3 basic dimensions of the job? - correct answer 1) strategy formulation,
implement, context creation
2) external & internal environments
3) substance and symbols
what does the upper echelons theory describe? - correct answer leaders make decisions based
on personal experiences, operating in environments that are both ambiguous and complex.
decisions usually occur in weak situations opposed to strong situations
what is bounded rationality? - correct answer decision making is limited by the limited info
available, cognitive limitations, time available to make the decision
what are the 2 arguments for leader control? - correct answer 1) leaders have a lot of influence
over what happens to their org, or 2) they are swept up by market/externals
what are 4 factors that determine decision making? - correct answer managerial
discretion/latitude of action, executive job demands, power distribution, behavioral integration
