Strategic Management: Text and Cases (10th Edition) by Dess, McNamara & Eisner – Complete Test Bank

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[TEST BANK] STRATEGIC MANAGEMENT,
TEXT AND CASES 10TH
EDITION BY DESS, MCNAMARA, EISNER




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Strategic Management: Text and Cases, 10e (Dess) go go go go go go




Chapter 1 Strategic Management: Creating Competitive Advantages go gog o go go go go




1) Lands' End's failure under the leadership of Ms. Frederica Marchionni was said to be a direct re
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sult of the quality of her leadership. According to the text, this would be an example of the "roman
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tic" perspective of leadership.
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Answer: TRUE g o




Explanation: In the romantic view of leadership, the implicit assumption is that the leader is the ke
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y force in determining an organization's success or lack thereof. Under Ms. Marchionni's leadershi
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p, the company reported a 19.5-million-dollar loss for 2016 after having reported a 73.8-million-
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dollar profit for the previous year under its previous CEO.
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Difficulty: 2 Medium go go




Topic: Strategy and the Strategic Management Process
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Learning Objective: 01- go g o




01 The definition of strategic management and its four key attributes. Bloom's: Understand
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AACSB: Analytical Thinking Acces g o go g o




sibility: Keyboard Navigation g o go




2) Strategic management consists of the analyses, decisions, and actions an organization
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undertakes in order to create and sustain competitive advantages. go go go go go go go go




Answer: TRUE g o




Explanation: According to the textbook, this is the definition of strategic management. Difficulty g o go go go go go go go go go go g o




: 1 Easy
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Topic: Strategy and the Strategic Management Process
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Learning Objective: 01- go g o




01 The definition of strategic management and its four key attributes. Bloom's: Remember
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AACSB: Knowledge Application A g o go g o




ccessibility: Keyboard Navigation g o go




3) Management innovations such as total quality, just-in- go go go go go go




time, benchmarking, business process reengineering, and outsourcing are important but not enoug
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h for building sustainable competitive advantage.
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Answer: TRUE g o




Explanation: Sustainable competitive advantage cannot be achieved through operational effectiv g o go go go go go go go g o




eness alone. Popular management innovations of the last two decades like total quality, just-in-
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time, benchmarking, business process reengineering, and outsourcing are concerned with operatio
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naleffectiveness. go




Difficulty: 2 Medium go go




Topic: Strategy and the Strategic Management Process
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Learning Objective: 01- go g o




01 The definition of strategic management and its four key attributes. Bloom's: Understand
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AACSB: Analytical Thinking Acces g o go g o




sibility: Keyboard Navigation g o go




4) Trade-off decisions between effectiveness and efficiency are important in the practice of go go go go go go go go go go go




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strategicmanagement. go




Answer: TRUE g o




Explanation: The fourth attribute of strategic management is that it involves the recognition of tr
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ade-
offs between effectiveness and efficiency. Some authors have referred to this as the difference bet
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ween doing the right thing (effectiveness) and doing things right (efficiency).
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Difficulty: 2 Medium go go




Topic: Strategy and the Strategic Management Process
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Learning Objective: 01- go g o




01 The definition of strategic management and its four key attributes. Bloom's: Understand
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AACSB: Analytical Thinking Acces g o go g o




sibility: Keyboard Navigation g o go




5) According to Henry Mintzberg, a management scholar, most firms do not realize their original i go go go go go go go go go go go go go g o




ntended strategy. go




Answer: TRUE g o




Explanation: Henry Mintzberg states that the intended strategy rarely survives in its original form
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. Unforeseen environmental developments, unanticipated resource constraints, or changes in man
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agerial preferences may result in at least some parts of the intended strategy remaining unrealized.
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On the other hand, good managers will want to take advantage of a new opportunity presented by t
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he environment, even if it was not part of the original set of intentions.
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Difficulty: 2 Medium go go




Topic: Strategy and the Strategic Management Process
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Learning Objective: 01- go g o




02 The strategic management process and its three interrelated and principal activities.
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Bloom's: Understand AACS g o g o




B: Analytical Thinking
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Accessibility: Keyboard Navigation g o go




6) The final realized strategy of a firm is a combination of deliberate and time-
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tested strategies only. go g o




Answer: FALSE g o




Explanation: Realized strategy is that strategy of a firm in which organizational decisions are det
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ermined by both analysis and unforeseen environmental developments, unanticipated resource con
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straints, and/or changes in managerial preferences.
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Difficulty: 2 Medium go go




Topic: Strategy and the Strategic Management Process
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Learning Objective: 01- go g o




02 The strategic management process and its three interrelated and principal activities.
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Bloom's: Understand g o




AACSB: Knowledge Application A g o go g o




ccessibility: Keyboard Navigation g o go




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