Strategic Mgmt EXAM QUESTIONS WITH COMPLETE SOLUTION GUIDE (
GRADED VERIFIED) LATEST VERSION 2025!!
Study online at https://quizlet.com/_i5c2nh
1. Deming's PDSA cycle is a practical life and work method that enables us to use
a form of the scientific method to drive our learning and improvement, both
personally and professionally. It incorporates the deductive-inductive interplay
necessary for learning, as required in the scientific method. As you iteratively
cycle through PDSA on an area of personal or professional focus, you learn;
that is, you gain knowledge and you improve in a specific manner under certain
conditions. But further, as you build your knowledge, a thoughtful and careful
use of PDSA will enable you to be able to predict whether a given "change" will
result in real "improvement" under different conditions that you may face in
the future.: True
2. Each of the Five P's of strategy --- plan, ploy, pattern, position, and perspective
--- that is, each of these five ways of thinking about strategy is necessary for
understanding what strategy is, but none of them alone is sufficient to master
the concept.: True
3. From the Aristotelian logic of ancient times, through the middle ages and
early renaissance, the nature of scientific thinking and learning was largely
rational and deductive, like mathematics, namely, we learned new truths by
logical deduction from a priori or self-evident first premises. Beginning with
Francis Bacon (1620), a new development in scientific thinking occurred. Bacon
believed that learning and knowledge creation ...: a) should be methodical, i.e., follow a
planned structure or procedure
b) should proceed through inductive reasoning, i.e., from observations of experience to axiom to law
c) should involve an interplay between deductive (rationalism) and inductive (empiricism) logic
d) All of the above
4. The terms intellectual capital and intangible assets are synonyms of one
another.: True
5. Strategic plans and business models are not the same thing. A firm's
strategic plan should include its business model, which can be defined as
___________________________________________________.: a description of the process through which
a firm hopes to earn profits.
1/9
, Strategic Mgmt EXAM QUESTIONS WITH COMPLETE SOLUTION GUIDE (
GRADED VERIFIED) LATEST VERSION 2025!!
Study online at https://quizlet.com/_i5c2nh
6. The Five P's are strategy as plan, ploy, position, pattern, and perspective.
These are competing schools of thought about effective strategic manage-
ment. Carefully examined, they are logically exclusive of one another, rather
than interdependent. As the book proceeds, it will develop the case for strategy
as the right perspective that leads to success.: False
7. David Garvin of Harvard Business School argues that real learning does not
truly occur, whether we are speaking of individuals or organizations, unless
they acquire reliable information, separate the "signals" from the "noise," and
then interpret the relevance and usefulness of that information in practice.
If we exercise the necessary methodologies and disciplines to do this, we
learn. Otherwise, we delude ourselves into thinking that our knowledge has
increased.: False
8. Systems thinking tends to emphasize the nature of mind and time & sees the
self-referential place of the knower in knowing. This is why it is so important to
cultivate the skill of systems thinking for those who wish to lead and manage
people in organizations' strategic journey from the past, through the present,
and into the future.: False
9. Understanding organizations as systems, we realize that as individuals we
are often unaware of our mental models. We need one another to surface,
evaluate, and improve our internal pictures of how the world works. Team
learning is one of the disciplines of the learning organization that enables us
to do this. The key tools for team learning are discussion and dialogue, which
constitute a social system feedback mechanism. We should emphasize the use
of these tools, instead of the growing number of dashboards and MIS reporting
devices sprouting up in many organizations today, which inescapably are tools
of top-down, command-and-control management systems.: False
10. When an organization's environment is stable and predictable, strategic
planning can provide enough of a strategy for the organization to gain and
maintain success. The executives leading the organization can simply create
a plan and execute it, and they can be confident that their plan will not
be undermined by changes over time. But as experience shows, only a few
2/9
GRADED VERIFIED) LATEST VERSION 2025!!
Study online at https://quizlet.com/_i5c2nh
1. Deming's PDSA cycle is a practical life and work method that enables us to use
a form of the scientific method to drive our learning and improvement, both
personally and professionally. It incorporates the deductive-inductive interplay
necessary for learning, as required in the scientific method. As you iteratively
cycle through PDSA on an area of personal or professional focus, you learn;
that is, you gain knowledge and you improve in a specific manner under certain
conditions. But further, as you build your knowledge, a thoughtful and careful
use of PDSA will enable you to be able to predict whether a given "change" will
result in real "improvement" under different conditions that you may face in
the future.: True
2. Each of the Five P's of strategy --- plan, ploy, pattern, position, and perspective
--- that is, each of these five ways of thinking about strategy is necessary for
understanding what strategy is, but none of them alone is sufficient to master
the concept.: True
3. From the Aristotelian logic of ancient times, through the middle ages and
early renaissance, the nature of scientific thinking and learning was largely
rational and deductive, like mathematics, namely, we learned new truths by
logical deduction from a priori or self-evident first premises. Beginning with
Francis Bacon (1620), a new development in scientific thinking occurred. Bacon
believed that learning and knowledge creation ...: a) should be methodical, i.e., follow a
planned structure or procedure
b) should proceed through inductive reasoning, i.e., from observations of experience to axiom to law
c) should involve an interplay between deductive (rationalism) and inductive (empiricism) logic
d) All of the above
4. The terms intellectual capital and intangible assets are synonyms of one
another.: True
5. Strategic plans and business models are not the same thing. A firm's
strategic plan should include its business model, which can be defined as
___________________________________________________.: a description of the process through which
a firm hopes to earn profits.
1/9
, Strategic Mgmt EXAM QUESTIONS WITH COMPLETE SOLUTION GUIDE (
GRADED VERIFIED) LATEST VERSION 2025!!
Study online at https://quizlet.com/_i5c2nh
6. The Five P's are strategy as plan, ploy, position, pattern, and perspective.
These are competing schools of thought about effective strategic manage-
ment. Carefully examined, they are logically exclusive of one another, rather
than interdependent. As the book proceeds, it will develop the case for strategy
as the right perspective that leads to success.: False
7. David Garvin of Harvard Business School argues that real learning does not
truly occur, whether we are speaking of individuals or organizations, unless
they acquire reliable information, separate the "signals" from the "noise," and
then interpret the relevance and usefulness of that information in practice.
If we exercise the necessary methodologies and disciplines to do this, we
learn. Otherwise, we delude ourselves into thinking that our knowledge has
increased.: False
8. Systems thinking tends to emphasize the nature of mind and time & sees the
self-referential place of the knower in knowing. This is why it is so important to
cultivate the skill of systems thinking for those who wish to lead and manage
people in organizations' strategic journey from the past, through the present,
and into the future.: False
9. Understanding organizations as systems, we realize that as individuals we
are often unaware of our mental models. We need one another to surface,
evaluate, and improve our internal pictures of how the world works. Team
learning is one of the disciplines of the learning organization that enables us
to do this. The key tools for team learning are discussion and dialogue, which
constitute a social system feedback mechanism. We should emphasize the use
of these tools, instead of the growing number of dashboards and MIS reporting
devices sprouting up in many organizations today, which inescapably are tools
of top-down, command-and-control management systems.: False
10. When an organization's environment is stable and predictable, strategic
planning can provide enough of a strategy for the organization to gain and
maintain success. The executives leading the organization can simply create
a plan and execute it, and they can be confident that their plan will not
be undermined by changes over time. But as experience shows, only a few
2/9
