TEST BANK
Strategic Management Text and Cases,
11th Edition by Gregory Dess
Complete Chapters Test Bank
are included (Ch 1 to 12)
** Immediate Download
** Swift Response
** All Chapters included
,Chap 01 11e
1) The success of Apple under its former CEO, Steve Jobs, was largely attributed to the quality
of its leader. According to the text, this would be an example of the “romantic” perspective of
leadership.
⊚ true
⊚ false
2) Strategic management consists of the analyses, decisions, and actions an organization
undertakes in order to create and sustain competitive advantages.
⊚ true
⊚ false
3) Management innovations such as total quality, just-in-time, benchmarking, business process
reengineering, and outsourcing are important but not enough for building sustainable
competitive advantage.
⊚ true
⊚ false
4) Trade-off decisions between effectiveness and efficiency are important in the practice of
strategic management.
⊚ true
⊚ false
5) According to the textbook, digitizing existing business processes rarely improves efficiency.
⊚ true
⊚ false
6) A company that digitizes existing processes may achieve operational excellence on an
outdated value proposition. Airbnb is an example of a company that entered the market with
a superior digital offering, competing against hotels that had only digitized processes.
⊚ true
⊚ false
1
,7) According to Henry Mintzberg, a management scholar, most firms do not realize their
original intended strategy.
⊚ true
⊚ false
8) The final realized strategy of a firm is a combination of deliberate and time-tested strategies
only.
⊚ true
⊚ false
9) Strategy analysis is the study of only the big picture external environments of the firm.
⊚ true
⊚ false
10) All successful firms compete and outperform their rivals by developing bases for competitive
advantage, which can be achieved only through cost leadership.
⊚ true
⊚ false
11) The three primary participants in corporate governance are: (1) the shareholders, (2) the
management (led by the chief executive officer), and (3) the employees.
⊚ true
⊚ false
12) Decisions by boards of directors are always consistent with shareholder interests.
⊚ true
⊚ false
13) Ensuring effective corporate governance requires an effective and engaged board of
directors, uninvolved shareholders, and proper managerial rewards and incentives.
⊚ true
⊚ false
2
, 14) The core mission of the board of directors is to provide strong oversight and strategic support
for employee efforts to receive maximum financial and monetary equivalent benefits.
⊚ true
⊚ false
15) Social responsibility is the idea that organizations are only accountable to stockholders.
⊚ true
⊚ false
16) Shell, NEC, and Procter and Gamble have been measuring their performance according to
what has been called a triple bottom line. This technique involves an assessment of financial,
social, and environmental performance.
⊚ true
⊚ false
17) Sustainability is being increasingly recognized as a source of cost efficiencies and revenue
growth.
⊚ true
⊚ false
18) Responsible investment approaches evaluate companies based on environmental, social, and
growth criteria (ESG investment trend).
⊚ true
⊚ false
19) Focusing on the ESG criteria does not enhance corporate financial performance, because it
does NOT benefit society or investors who support ESG funds.
⊚ true
⊚ false
3
Strategic Management Text and Cases,
11th Edition by Gregory Dess
Complete Chapters Test Bank
are included (Ch 1 to 12)
** Immediate Download
** Swift Response
** All Chapters included
,Chap 01 11e
1) The success of Apple under its former CEO, Steve Jobs, was largely attributed to the quality
of its leader. According to the text, this would be an example of the “romantic” perspective of
leadership.
⊚ true
⊚ false
2) Strategic management consists of the analyses, decisions, and actions an organization
undertakes in order to create and sustain competitive advantages.
⊚ true
⊚ false
3) Management innovations such as total quality, just-in-time, benchmarking, business process
reengineering, and outsourcing are important but not enough for building sustainable
competitive advantage.
⊚ true
⊚ false
4) Trade-off decisions between effectiveness and efficiency are important in the practice of
strategic management.
⊚ true
⊚ false
5) According to the textbook, digitizing existing business processes rarely improves efficiency.
⊚ true
⊚ false
6) A company that digitizes existing processes may achieve operational excellence on an
outdated value proposition. Airbnb is an example of a company that entered the market with
a superior digital offering, competing against hotels that had only digitized processes.
⊚ true
⊚ false
1
,7) According to Henry Mintzberg, a management scholar, most firms do not realize their
original intended strategy.
⊚ true
⊚ false
8) The final realized strategy of a firm is a combination of deliberate and time-tested strategies
only.
⊚ true
⊚ false
9) Strategy analysis is the study of only the big picture external environments of the firm.
⊚ true
⊚ false
10) All successful firms compete and outperform their rivals by developing bases for competitive
advantage, which can be achieved only through cost leadership.
⊚ true
⊚ false
11) The three primary participants in corporate governance are: (1) the shareholders, (2) the
management (led by the chief executive officer), and (3) the employees.
⊚ true
⊚ false
12) Decisions by boards of directors are always consistent with shareholder interests.
⊚ true
⊚ false
13) Ensuring effective corporate governance requires an effective and engaged board of
directors, uninvolved shareholders, and proper managerial rewards and incentives.
⊚ true
⊚ false
2
, 14) The core mission of the board of directors is to provide strong oversight and strategic support
for employee efforts to receive maximum financial and monetary equivalent benefits.
⊚ true
⊚ false
15) Social responsibility is the idea that organizations are only accountable to stockholders.
⊚ true
⊚ false
16) Shell, NEC, and Procter and Gamble have been measuring their performance according to
what has been called a triple bottom line. This technique involves an assessment of financial,
social, and environmental performance.
⊚ true
⊚ false
17) Sustainability is being increasingly recognized as a source of cost efficiencies and revenue
growth.
⊚ true
⊚ false
18) Responsible investment approaches evaluate companies based on environmental, social, and
growth criteria (ESG investment trend).
⊚ true
⊚ false
19) Focusing on the ESG criteria does not enhance corporate financial performance, because it
does NOT benefit society or investors who support ESG funds.
⊚ true
⊚ false
3
