Strategy - correct answer Central, integrated externally oriented concept of how a firm will
achieve objectives
Strategic Analysis - correct answer Industry analysis, customer trends, environment
Porter's Five Forces - correct answer Trade-offs, aligning activities, evaluation, adjustment
Key elements of strategy - correct answer Arena, vehicles, differentiation, staging, economic
logic
21st century strategic leadership capabilities - correct answer Establish vision
global mindset
culture of innovation
resource management
execution
ethical decision making
adaptability
Roles of strategic leaders - correct answer Interpersonal roles
Informational roles
Decisional roles
Interpersonal roles - correct answer Figurehead, Leader, and Liaison.
Figurehead - correct answer symbolic leader, ceremonial duties
Leader - correct answer administrative, motivates and encourages
, Strategic Leadership Midterm
Liaison - correct answer maintains external network to press and competitors
Informational roles - correct answer monitor, disseminator, spokesperson
Monitor - correct answer scan environment for info and receives internal and external info
Disseminator - correct answer communications info to subordinates
Spokesperson - correct answer communicate info to extern entities
Decisional roles - correct answer entrepreneur, disturbance handler, resource allocator,
negotiator
Entrepreneur - correct answer seeks improvement and opportunities
Disturbance handler - correct answer respond to external disturbances
Resource allocator - correct answer making/approving resources
Negotiator - correct answer represent org in negotiations
upper-echelons theory - correct answer A conceptual framework that views organizational
outcomes—strategic choices and performance levels—as reflections of the values of the
members of the top management team.