WPC 480 Midterm
QUESTIONS AND VERIFIED
CORRECT ANSWERS
GRADED A+ LATEST 100%
GUARANTEED PASS
1. Position Power: authority (CEO)
2. Informal Power: Use persuasion to influence
Upper-Echelons Theory - CORRECT ANSWER-organizational outcomes including strategic
choices & performance levels reflect the values of the top management team
The Level 5 Pyramid (Exhibit 2.2) - CORRECT ANSWER-Level 1: "Highly Capable Individual"
makes productive contribution through talent, knowledge, skills
Level 2: "Contributing Team Member" use high level of capability to work effectively with others
in order to achieve team objectives
Level 3: "Competent Manager" efficient & effective in organizing resources to accomplish stated
goals & objectives; 'does things right'
Level 4: "Effective Leader" presents compelling vision & mission to guide groups toward
superior performance; 'does the right things'
, Level 5: "Executive" builds enduring greatness through a combination of willpower & humility
The Strategy Process:
- Corporate
- Business
- & Functional Strategies - CORRECT ANSWER-Corporate:
WHERE to compete
Business:
HOW to compete
Functional:
HOW TO IMPLEMENT the business strategy
Customer Oriented vs Product Oriented Visions - CORRECT ANSWER-Customer: defines a
business in terms of providing solutions to customer needs
*can more easily adapt to changing environments
Product: defines a business in terms of a good or service provided
*forces managers to take a more nearsighted view; much less flexible than customer view/more
likely to fail
The Strategic Management Process
i. Strategic Planning (top down)
ii. Scenario Planning (top down)
iii. Strategy as planned emergence
QUESTIONS AND VERIFIED
CORRECT ANSWERS
GRADED A+ LATEST 100%
GUARANTEED PASS
1. Position Power: authority (CEO)
2. Informal Power: Use persuasion to influence
Upper-Echelons Theory - CORRECT ANSWER-organizational outcomes including strategic
choices & performance levels reflect the values of the top management team
The Level 5 Pyramid (Exhibit 2.2) - CORRECT ANSWER-Level 1: "Highly Capable Individual"
makes productive contribution through talent, knowledge, skills
Level 2: "Contributing Team Member" use high level of capability to work effectively with others
in order to achieve team objectives
Level 3: "Competent Manager" efficient & effective in organizing resources to accomplish stated
goals & objectives; 'does things right'
Level 4: "Effective Leader" presents compelling vision & mission to guide groups toward
superior performance; 'does the right things'
, Level 5: "Executive" builds enduring greatness through a combination of willpower & humility
The Strategy Process:
- Corporate
- Business
- & Functional Strategies - CORRECT ANSWER-Corporate:
WHERE to compete
Business:
HOW to compete
Functional:
HOW TO IMPLEMENT the business strategy
Customer Oriented vs Product Oriented Visions - CORRECT ANSWER-Customer: defines a
business in terms of providing solutions to customer needs
*can more easily adapt to changing environments
Product: defines a business in terms of a good or service provided
*forces managers to take a more nearsighted view; much less flexible than customer view/more
likely to fail
The Strategic Management Process
i. Strategic Planning (top down)
ii. Scenario Planning (top down)
iii. Strategy as planned emergence
