MGT 401 EXAM 1 COMPLETE EXAM
PREP STUDY GUIDE WITH PRACTICE
QUESTIONS, ANSWERS AND
COMPREHENSIVE MANAGEMENT
REVIEW
Updated 2026 Questions and Answers | 100% Verified
Exam Prep
, Strategic management process knowledge, creativity, relationships, leadership, risk taking, research, analysis,
presentation and writing as well as selling
What is a big trend in strategic management Hiring a CSO - chief strategy officer
Why did Mcdonalds hire a CSO Portfolio increase - diversification, acquisitions increase, alliances increase, size of
company increase, interdependence of top mgmt increase
Strategic Initiative requires 4 things what we are, who will lead the effort, scope of where we are targeting, and goal of the
strategy
Analysis starts with what two frameworks AFI and SWOT
AFI Analyze, Formulate, Implement
SWOT strengths, weaknesses, opportunities, threats
When setting strategic direction always consider what? the influencing variables on the organization especially the lessons learned from failures
As organizations identify leadership teams (including they must always consider the constitution of their client base and mirror that assemble
management teams) to lead the strategic effort what should of key stakeholders with their own key leadership selections
organizations do?
4 things to look at when choosing strategic leadership 1. IQ/EQ (situation driven) 2. Participative or directive (situational traits) 3. Heterogeneous
or Homogeneous (MGT team), 4. Corporate Governance (makes all major decisions)
what does organizational identity have to be understood by? External and internal stakeholders
3 bottom line goals of stakeholder stratgey sustainable CA, Employee engagement, and customer satisfaction
Daniel Goleman 5 attributes of successful leadership self awareness, self regulation, motivation, empathy, and social skills
3 internal areas employees, board members, and stockholders
Goal of external environment Higher sustainable CA
PREP STUDY GUIDE WITH PRACTICE
QUESTIONS, ANSWERS AND
COMPREHENSIVE MANAGEMENT
REVIEW
Updated 2026 Questions and Answers | 100% Verified
Exam Prep
, Strategic management process knowledge, creativity, relationships, leadership, risk taking, research, analysis,
presentation and writing as well as selling
What is a big trend in strategic management Hiring a CSO - chief strategy officer
Why did Mcdonalds hire a CSO Portfolio increase - diversification, acquisitions increase, alliances increase, size of
company increase, interdependence of top mgmt increase
Strategic Initiative requires 4 things what we are, who will lead the effort, scope of where we are targeting, and goal of the
strategy
Analysis starts with what two frameworks AFI and SWOT
AFI Analyze, Formulate, Implement
SWOT strengths, weaknesses, opportunities, threats
When setting strategic direction always consider what? the influencing variables on the organization especially the lessons learned from failures
As organizations identify leadership teams (including they must always consider the constitution of their client base and mirror that assemble
management teams) to lead the strategic effort what should of key stakeholders with their own key leadership selections
organizations do?
4 things to look at when choosing strategic leadership 1. IQ/EQ (situation driven) 2. Participative or directive (situational traits) 3. Heterogeneous
or Homogeneous (MGT team), 4. Corporate Governance (makes all major decisions)
what does organizational identity have to be understood by? External and internal stakeholders
3 bottom line goals of stakeholder stratgey sustainable CA, Employee engagement, and customer satisfaction
Daniel Goleman 5 attributes of successful leadership self awareness, self regulation, motivation, empathy, and social skills
3 internal areas employees, board members, and stockholders
Goal of external environment Higher sustainable CA
