OSC 5660 Exam with all Correct & 100% Verified Answers
|Actual Complete Exam |Already Graded A+
What is the company's number one asset? ✔Correct Answer-The people
Why is it important to utilize the company's number one asset? ✔Correct Answer-Because
they are the ones doing the day to day functions
Why is it important to have a clear vision and strategy for a company? ✔Correct Answer-A
clear vision helps ensure that everyone is in working on the same goal
What are the stages of team formation? ✔Correct Answer-Forming, Storming, Norming and
Performing
What is a paradigm? ✔Correct Answer-A set of assumptions, concepts, values, and practices
that constitutes a way of viewing reality for the community that shares them, especially in an
intellectual discipline.
What is the paradigm problem? ✔Correct Answer-We tend to reject anything beyond our
own paradigm.
What model in the business world will bring the most success to a company? ✔Correct
Answer-Problem solving model.
What is the leader's Role during the forming stage? ✔Correct Answer-To Explain.
What is the leaders' role during the storming stage of team development? ✔Correct Answer-
To demonstrate.
What is the leaders' role during the Norming stage of team development? ✔Correct Answer-
To guide.
What is the leaders' role during the performing stage of team development? ✔Correct
Answer-To empower
Productivity is its highest when the team is formed. (T/F) ✔Correct Answer-False
Paradigms begin to align during the norming stage of team development (T/F) ✔Correct
Answer-True
What is the companies greatest asset? ✔Correct Answer-The People
What are the Key Characteristics of a high-performance team?
,-The team is able to problem solve using the right methods effectively without external
supervision.
-The team focuses on the goal rather than the differences in opinions of how to achieve the
goal.
-They function as a unit without the leader present.
-All of the Above ✔Correct Answer-All of the above
In the end, it is important to remember that we cannot become what we need to be by
________________ what we are. -Max De Pree, CEO of Herman Miller, in Leadership Is an Art
- demonstrating
-showing
-remaining
-becoming ✔Correct Answer-remaining
What industry did Masco try to buy their way into?
-Furniture industry
-Automotive industry
-Plumbing industry
-Hard drive industry ✔Correct Answer-Furniture industry
"Viable purposes, worthy of guiding everything else that happens in a company, must matter
not only to you but also to those with whom you do business. Creating _____________ for
others is the surest way to capture some yourself." Cynthia A. Montgomery, The Strategist
-opportunities
-money
-value
-sales ✔Correct Answer-value
"The Big Idea, It's a system of value creations, a set of mutually reinforcing parts. Anchored by a
compelling _________________, it tells you where a company will play, how it will play, and
what it will accomplish." Cynthia A. Montgomery, The Strategist
-leader
-purpose
-focus
-opportunity ✔Correct Answer-purpose
"The problems often begin right at the start. If leaders lack a clear idea about what they want
their business to be, they cannot build coherent ______________ of ____________ creation
because they don't know what they should be designed to do exactly or how their success
should be measured." Cynthia A. Montgomery, The Strategist
,-products, value
-systems, value
-purpose, sales
-process, value ✔Correct Answer-systems, value
"A trio of economists -Adam Brandenburger, Barry Nalebuff, and Harborne Stuart-who study
game theory suggest a wider angle. They remind us that managers need to think not only about
what's best for their own firms, but also about how what they do affects others. This involves
the two outer lines: Customer' Willingness to Pay ( essentially customers' satisfaction with a
good or service) and Suppliers' Willingness to supply (essentially their opportunity cost- the
lowest price at which they would be willing to sell a particular firm). It's when a company drives
a wider wedge between these lines- expanding the total ________ created- that its existence
matters in an industry. When it does so, it is much more likely to be able to claim some of the
__________ for itself-i.e., increase its own profitability- without making its partners in trade less
well off. "Cynthia A. Montgomery, The Strategist
- sales
-money
-value
- ✔Correct Answer-value
What is IKEA's vision or "purpose" statement?
-To create a better life for the many people
-To improve lives everyday for the many people
-Improving Lives
-To create a better everyday life for the many people ✔Correct Answer-To create a better
everyday life for the many people
Vision: An aspirational description of what an organization would like to achieve or accomplish
in the mid-term or long-term future. It is intended to serve as a clear guide for choosing current
and future courses of action. (T/F) ✔Correct Answer-True
Cynthia A. Montgomery suggested in her book "The Strategist": To visualize and record a system
of value creation backs up a firm's purpose, I use a time-honored approach that has come to be
known as the....
-value creation wheel
-strategy wheel
-round wheel
-vision wheel ✔Correct Answer-strategy wheel
, Cynthia A. Montgomery suggested in her book "The Strategist": "The _____________ in the
center says why you exist -what you do differently or better than others...
- strategy
-purpose
-value creation
-vision ✔Correct Answer-purpose
"Each system of value creation will be different because every organization has its own purpose
and unique sets of activities that drive that purpose. " "The point of this work isn't about
"checking boxes" or "getting all the way around the wheel. It's about spending the time and
thinking about your business and challenging yourself to see what's really there and envisioning
what could be there." " The ___________ is a lot like putting together a jigsaw puzzle. Each
piece must work with the others, coming together to create a picture of what your business can
be. " Cynthia A. Montgomery
-value creation
-process
-strategy
-purpose ✔Correct Answer-process
You could have a vision of improving the lives of your employees your customers, your
shareholder, and your community. To do this you must have to have a solid _______________
engine to carry out the vision.
-fast
-built
-economic
-running ✔Correct Answer-economic
To break the process down further a good ____________ statement articulates a company's
purpose, its means of competition, and its unique advantages by answering the most basic
questions about what a company does and how it does it.
Who we serve
With what sort of products or services
What we do that's different or better
What enables us to do that
-motto
-example
-problem
-vision ✔Correct Answer-vision
|Actual Complete Exam |Already Graded A+
What is the company's number one asset? ✔Correct Answer-The people
Why is it important to utilize the company's number one asset? ✔Correct Answer-Because
they are the ones doing the day to day functions
Why is it important to have a clear vision and strategy for a company? ✔Correct Answer-A
clear vision helps ensure that everyone is in working on the same goal
What are the stages of team formation? ✔Correct Answer-Forming, Storming, Norming and
Performing
What is a paradigm? ✔Correct Answer-A set of assumptions, concepts, values, and practices
that constitutes a way of viewing reality for the community that shares them, especially in an
intellectual discipline.
What is the paradigm problem? ✔Correct Answer-We tend to reject anything beyond our
own paradigm.
What model in the business world will bring the most success to a company? ✔Correct
Answer-Problem solving model.
What is the leader's Role during the forming stage? ✔Correct Answer-To Explain.
What is the leaders' role during the storming stage of team development? ✔Correct Answer-
To demonstrate.
What is the leaders' role during the Norming stage of team development? ✔Correct Answer-
To guide.
What is the leaders' role during the performing stage of team development? ✔Correct
Answer-To empower
Productivity is its highest when the team is formed. (T/F) ✔Correct Answer-False
Paradigms begin to align during the norming stage of team development (T/F) ✔Correct
Answer-True
What is the companies greatest asset? ✔Correct Answer-The People
What are the Key Characteristics of a high-performance team?
,-The team is able to problem solve using the right methods effectively without external
supervision.
-The team focuses on the goal rather than the differences in opinions of how to achieve the
goal.
-They function as a unit without the leader present.
-All of the Above ✔Correct Answer-All of the above
In the end, it is important to remember that we cannot become what we need to be by
________________ what we are. -Max De Pree, CEO of Herman Miller, in Leadership Is an Art
- demonstrating
-showing
-remaining
-becoming ✔Correct Answer-remaining
What industry did Masco try to buy their way into?
-Furniture industry
-Automotive industry
-Plumbing industry
-Hard drive industry ✔Correct Answer-Furniture industry
"Viable purposes, worthy of guiding everything else that happens in a company, must matter
not only to you but also to those with whom you do business. Creating _____________ for
others is the surest way to capture some yourself." Cynthia A. Montgomery, The Strategist
-opportunities
-money
-value
-sales ✔Correct Answer-value
"The Big Idea, It's a system of value creations, a set of mutually reinforcing parts. Anchored by a
compelling _________________, it tells you where a company will play, how it will play, and
what it will accomplish." Cynthia A. Montgomery, The Strategist
-leader
-purpose
-focus
-opportunity ✔Correct Answer-purpose
"The problems often begin right at the start. If leaders lack a clear idea about what they want
their business to be, they cannot build coherent ______________ of ____________ creation
because they don't know what they should be designed to do exactly or how their success
should be measured." Cynthia A. Montgomery, The Strategist
,-products, value
-systems, value
-purpose, sales
-process, value ✔Correct Answer-systems, value
"A trio of economists -Adam Brandenburger, Barry Nalebuff, and Harborne Stuart-who study
game theory suggest a wider angle. They remind us that managers need to think not only about
what's best for their own firms, but also about how what they do affects others. This involves
the two outer lines: Customer' Willingness to Pay ( essentially customers' satisfaction with a
good or service) and Suppliers' Willingness to supply (essentially their opportunity cost- the
lowest price at which they would be willing to sell a particular firm). It's when a company drives
a wider wedge between these lines- expanding the total ________ created- that its existence
matters in an industry. When it does so, it is much more likely to be able to claim some of the
__________ for itself-i.e., increase its own profitability- without making its partners in trade less
well off. "Cynthia A. Montgomery, The Strategist
- sales
-money
-value
- ✔Correct Answer-value
What is IKEA's vision or "purpose" statement?
-To create a better life for the many people
-To improve lives everyday for the many people
-Improving Lives
-To create a better everyday life for the many people ✔Correct Answer-To create a better
everyday life for the many people
Vision: An aspirational description of what an organization would like to achieve or accomplish
in the mid-term or long-term future. It is intended to serve as a clear guide for choosing current
and future courses of action. (T/F) ✔Correct Answer-True
Cynthia A. Montgomery suggested in her book "The Strategist": To visualize and record a system
of value creation backs up a firm's purpose, I use a time-honored approach that has come to be
known as the....
-value creation wheel
-strategy wheel
-round wheel
-vision wheel ✔Correct Answer-strategy wheel
, Cynthia A. Montgomery suggested in her book "The Strategist": "The _____________ in the
center says why you exist -what you do differently or better than others...
- strategy
-purpose
-value creation
-vision ✔Correct Answer-purpose
"Each system of value creation will be different because every organization has its own purpose
and unique sets of activities that drive that purpose. " "The point of this work isn't about
"checking boxes" or "getting all the way around the wheel. It's about spending the time and
thinking about your business and challenging yourself to see what's really there and envisioning
what could be there." " The ___________ is a lot like putting together a jigsaw puzzle. Each
piece must work with the others, coming together to create a picture of what your business can
be. " Cynthia A. Montgomery
-value creation
-process
-strategy
-purpose ✔Correct Answer-process
You could have a vision of improving the lives of your employees your customers, your
shareholder, and your community. To do this you must have to have a solid _______________
engine to carry out the vision.
-fast
-built
-economic
-running ✔Correct Answer-economic
To break the process down further a good ____________ statement articulates a company's
purpose, its means of competition, and its unique advantages by answering the most basic
questions about what a company does and how it does it.
Who we serve
With what sort of products or services
What we do that's different or better
What enables us to do that
-motto
-example
-problem
-vision ✔Correct Answer-vision
