,Page vb2 vbof
697
,Strategic vbManagement: vbText vband vbCases, vb14e vb(Dess)
Chapter vb1 v b v b Strategic vbManagement: vbCreating vbCompetitive vbAdvantages
1) Lands' vbEnd's vbfailure vbunder vbthe vbleadership vbof vbMs. vbFrederica vbMarchionni vbwas vbsaid vbto vbbe
vba vbdirect vbresult vbof vbthe vbquality vbof vbher vbleadership. vbAccording vbto vbthe vbtext, vbthis vbwould vbbe
vban vbexample vbof vbthe vb"romantic" vbperspective vbof vbleadership.
Answer: v b TRUE
Explanation: v b In vbthe vbromantic vbview vbof vbleadership, vbthe vbimplicit vbassumption vbis vbthat vbthe
vbleader vbis vbthe vbkey vbforce vbin vbdetermining vban vborganization's vbsuccess vbor vblack vbthereof. vbUnder
vbMs. vbMarchionni's vbleadership, vbthe vbcompany vbreported vba vb19.5-million-dollar vbloss vbfor vb2016
vbafter vbhaving vbreported vba vb73.8-million-dollar vbprofit vbfor vbthe vbprevious vbyear vbunder vbits
vbprevious vbCEO.
Difficulty: vb2 vbMedium
Topic: v b Strategy vband vbthe vbStrategic vbManagement vbProcess
Learning vbObjective: v b 01-01 vbThe vbdefinition vbof vbstrategic vbmanagement vband vbits vbfour vbkey
vbattributes. vbBloom's: v b Understand
AACSB: v b Analytical vbThinking
vbAccessibility: v b Keyboard
vbNavigation
2) Strategic vbmanagement vbconsists vbof vbthe vbanalyses, vbdecisions, vband vbactions vban
vborganization vbundertakes vbin vborder vbto vbcreate vband vbsustain vbcompetitive vbadvantages.
Answer: v b TRUE
Explanation: v b According vbto vbthe vbtextbook, vbthis vbis vbthe vbdefinition vbof vbstrategic vbmanagement.
vbDifficulty: vb1 vbEasy
Topic: v b Strategy vband vbthe vbStrategic vbManagement vbProcess
Learning vbObjective: v b 01-01 vbThe vbdefinition vbof vbstrategic vbmanagement vband vbits vbfour vbkey
vbattributes. vbBloom's: v b Remember
AACSB: v b Knowledge vbApplication
vbAccessibility: v b Keyboard
vbNavigation
3) Management vbinnovations vbsuch vbas vbtotal vbquality, vbjust-in-time, vbbenchmarking, vbbusiness
vbprocess vbreengineering, vband vboutsourcing vbare vbimportant vbbut vbnot vbenough vbfor vbbuilding
vbsustainable vbcompetitive vbadvantage.
Answer: v b TRUE
Explanation: v b Sustainable vbcompetitive vbadvantage vbcannot vbbe vbachieved vbthrough vboperational
vbeffectiveness vbalone. vbPopular vbmanagement vbinnovations vbof vbthe vblast vbtwo vbdecades vblike vbtotal
vbquality, vbjust-in-time, vbbenchmarking, vbbusiness vbprocess vbreengineering, vband vboutsourcing vbare
vbconcerned vbwith vboperational vbeffectiveness.
Difficulty: vb2 vbMedium
Topic: v b Strategy vband vbthe vbStrategic vbManagement vbProcess
Learning vbObjective: v b 01-01 vbThe vbdefinition vbof vbstrategic vbmanagement vband vbits vbfour vbkey
vbattributes. vbBloom's: v b Understand
AACSB: v b Analytical vbThinking
vbAccessibility: v b Keyboard
vbNavigation
4) Trade-off vbdecisions vbbetween vbeffectiveness vband vbefficiency vbare vbimportant vbin vbthe vbpractice vbof
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697
, strategic vbmanagement.
Answer: v b TRUE
Explanation: v b The vbfourth vbattribute vbof vbstrategic vbmanagement vbis vbthat vbit vbinvolves vbthe
vbrecognition vbof vbtrade-offs vbbetween vbeffectiveness vband vbefficiency. vbSome vbauthors vbhave
vbreferred vbto vbthis vbas vbthe vbdifference vbbetween vbdoing vbthe vbright vbthing vb(effectiveness) vband
vbdoing vbthings vbright vb(efficiency).
Difficulty: vb2 vbMedium
Topic: v b Strategy vband vbthe vbStrategic vbManagement vbProcess
Learning vbObjective: v b 01-01 vbThe vbdefinition vbof vbstrategic vbmanagement vband vbits vbfour vbkey
vbattributes. vbBloom's: v b Understand
AACSB: v b Analytical vbThinking
vbAccessibility: v b Keyboard
vbNavigation
5) According vbto vbHenry vbMintzberg, vba vbmanagement vbscholar, vbmost vbfirms vbdo vbnot vbrealize vbtheir
vboriginal vbintended vbstrategy.
Answer: v b TRUE
Explanation: v b Henry vbMintzberg vbstates vbthat vbthe vbintended vbstrategy vbrarely vbsurvives vbin vbits
vboriginal vbform. vbUnforeseen vbenvironmental vbdevelopments, vbunanticipated vbresource vbconstraints,
vbor vbchanges vbin vbmanagerial vbpreferences vbmay vbresult vbin vbat vbleast vbsome vbparts vbof vbthe vbintended
vbstrategy vbremaining vbunrealized. vbOn vbthe vbother vbhand, vbgood vbmanagers vbwill vbwant vbto vbtake
vbadvantage vbof vba vbnew vbopportunity vbpresented vbby vbthe vbenvironment, vbeven vbif vbit vbwas vbnot vbpart
vbof vbthe vboriginal vbset vbof vbintentions.
Difficulty: vb2 vbMedium
Topic: v b Strategy vband vbthe vbStrategic vbManagement vbProcess
Learning vbObjective: v b 01-02 vbThe vbstrategic vbmanagement vbprocess vband vbits vbthree vbinterrelated vband
vbprincipal vbactivities.
Bloom's: v b Understand
vbAACSB: v b Analytical
vbThinking
Accessibility: v b Keyboard vbNavigation
6) The vbfinal vbrealized vbstrategy vbof vba vbfirm vbis vba vbcombination vbof vbdeliberate vband vbtime-tested
vbstrategies vbonly.
Answer: v b FALSE
Explanation: v b Realized vbstrategy vbis vbthat vbstrategy vbof vba vbfirm vbin vbwhich vborganizational vbdecisions
vbare vbdetermined vbby vbboth vbanalysis vband vbunforeseen vbenvironmental vbdevelopments, vbunanticipated
vbresource vbconstraints, vband/or vbchanges vbin vbmanagerial vbpreferences.
Difficulty: vb2 vbMedium
Topic: v b Strategy vband vbthe vbStrategic vbManagement vbProcess
Learning vbObjective: v b 01-02 vbThe vbstrategic vbmanagement vbprocess vband vbits vbthree vbinterrelated vband
vbprincipal vbactivities.
Bloom's: v b Understand
AACSB: v b Knowledge vbApplication
vbAccessibility: v b Keyboard
vbNavigation
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697
697
,Strategic vbManagement: vbText vband vbCases, vb14e vb(Dess)
Chapter vb1 v b v b Strategic vbManagement: vbCreating vbCompetitive vbAdvantages
1) Lands' vbEnd's vbfailure vbunder vbthe vbleadership vbof vbMs. vbFrederica vbMarchionni vbwas vbsaid vbto vbbe
vba vbdirect vbresult vbof vbthe vbquality vbof vbher vbleadership. vbAccording vbto vbthe vbtext, vbthis vbwould vbbe
vban vbexample vbof vbthe vb"romantic" vbperspective vbof vbleadership.
Answer: v b TRUE
Explanation: v b In vbthe vbromantic vbview vbof vbleadership, vbthe vbimplicit vbassumption vbis vbthat vbthe
vbleader vbis vbthe vbkey vbforce vbin vbdetermining vban vborganization's vbsuccess vbor vblack vbthereof. vbUnder
vbMs. vbMarchionni's vbleadership, vbthe vbcompany vbreported vba vb19.5-million-dollar vbloss vbfor vb2016
vbafter vbhaving vbreported vba vb73.8-million-dollar vbprofit vbfor vbthe vbprevious vbyear vbunder vbits
vbprevious vbCEO.
Difficulty: vb2 vbMedium
Topic: v b Strategy vband vbthe vbStrategic vbManagement vbProcess
Learning vbObjective: v b 01-01 vbThe vbdefinition vbof vbstrategic vbmanagement vband vbits vbfour vbkey
vbattributes. vbBloom's: v b Understand
AACSB: v b Analytical vbThinking
vbAccessibility: v b Keyboard
vbNavigation
2) Strategic vbmanagement vbconsists vbof vbthe vbanalyses, vbdecisions, vband vbactions vban
vborganization vbundertakes vbin vborder vbto vbcreate vband vbsustain vbcompetitive vbadvantages.
Answer: v b TRUE
Explanation: v b According vbto vbthe vbtextbook, vbthis vbis vbthe vbdefinition vbof vbstrategic vbmanagement.
vbDifficulty: vb1 vbEasy
Topic: v b Strategy vband vbthe vbStrategic vbManagement vbProcess
Learning vbObjective: v b 01-01 vbThe vbdefinition vbof vbstrategic vbmanagement vband vbits vbfour vbkey
vbattributes. vbBloom's: v b Remember
AACSB: v b Knowledge vbApplication
vbAccessibility: v b Keyboard
vbNavigation
3) Management vbinnovations vbsuch vbas vbtotal vbquality, vbjust-in-time, vbbenchmarking, vbbusiness
vbprocess vbreengineering, vband vboutsourcing vbare vbimportant vbbut vbnot vbenough vbfor vbbuilding
vbsustainable vbcompetitive vbadvantage.
Answer: v b TRUE
Explanation: v b Sustainable vbcompetitive vbadvantage vbcannot vbbe vbachieved vbthrough vboperational
vbeffectiveness vbalone. vbPopular vbmanagement vbinnovations vbof vbthe vblast vbtwo vbdecades vblike vbtotal
vbquality, vbjust-in-time, vbbenchmarking, vbbusiness vbprocess vbreengineering, vband vboutsourcing vbare
vbconcerned vbwith vboperational vbeffectiveness.
Difficulty: vb2 vbMedium
Topic: v b Strategy vband vbthe vbStrategic vbManagement vbProcess
Learning vbObjective: v b 01-01 vbThe vbdefinition vbof vbstrategic vbmanagement vband vbits vbfour vbkey
vbattributes. vbBloom's: v b Understand
AACSB: v b Analytical vbThinking
vbAccessibility: v b Keyboard
vbNavigation
4) Trade-off vbdecisions vbbetween vbeffectiveness vband vbefficiency vbare vbimportant vbin vbthe vbpractice vbof
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697
, strategic vbmanagement.
Answer: v b TRUE
Explanation: v b The vbfourth vbattribute vbof vbstrategic vbmanagement vbis vbthat vbit vbinvolves vbthe
vbrecognition vbof vbtrade-offs vbbetween vbeffectiveness vband vbefficiency. vbSome vbauthors vbhave
vbreferred vbto vbthis vbas vbthe vbdifference vbbetween vbdoing vbthe vbright vbthing vb(effectiveness) vband
vbdoing vbthings vbright vb(efficiency).
Difficulty: vb2 vbMedium
Topic: v b Strategy vband vbthe vbStrategic vbManagement vbProcess
Learning vbObjective: v b 01-01 vbThe vbdefinition vbof vbstrategic vbmanagement vband vbits vbfour vbkey
vbattributes. vbBloom's: v b Understand
AACSB: v b Analytical vbThinking
vbAccessibility: v b Keyboard
vbNavigation
5) According vbto vbHenry vbMintzberg, vba vbmanagement vbscholar, vbmost vbfirms vbdo vbnot vbrealize vbtheir
vboriginal vbintended vbstrategy.
Answer: v b TRUE
Explanation: v b Henry vbMintzberg vbstates vbthat vbthe vbintended vbstrategy vbrarely vbsurvives vbin vbits
vboriginal vbform. vbUnforeseen vbenvironmental vbdevelopments, vbunanticipated vbresource vbconstraints,
vbor vbchanges vbin vbmanagerial vbpreferences vbmay vbresult vbin vbat vbleast vbsome vbparts vbof vbthe vbintended
vbstrategy vbremaining vbunrealized. vbOn vbthe vbother vbhand, vbgood vbmanagers vbwill vbwant vbto vbtake
vbadvantage vbof vba vbnew vbopportunity vbpresented vbby vbthe vbenvironment, vbeven vbif vbit vbwas vbnot vbpart
vbof vbthe vboriginal vbset vbof vbintentions.
Difficulty: vb2 vbMedium
Topic: v b Strategy vband vbthe vbStrategic vbManagement vbProcess
Learning vbObjective: v b 01-02 vbThe vbstrategic vbmanagement vbprocess vband vbits vbthree vbinterrelated vband
vbprincipal vbactivities.
Bloom's: v b Understand
vbAACSB: v b Analytical
vbThinking
Accessibility: v b Keyboard vbNavigation
6) The vbfinal vbrealized vbstrategy vbof vba vbfirm vbis vba vbcombination vbof vbdeliberate vband vbtime-tested
vbstrategies vbonly.
Answer: v b FALSE
Explanation: v b Realized vbstrategy vbis vbthat vbstrategy vbof vba vbfirm vbin vbwhich vborganizational vbdecisions
vbare vbdetermined vbby vbboth vbanalysis vband vbunforeseen vbenvironmental vbdevelopments, vbunanticipated
vbresource vbconstraints, vband/or vbchanges vbin vbmanagerial vbpreferences.
Difficulty: vb2 vbMedium
Topic: v b Strategy vband vbthe vbStrategic vbManagement vbProcess
Learning vbObjective: v b 01-02 vbThe vbstrategic vbmanagement vbprocess vband vbits vbthree vbinterrelated vband
vbprincipal vbactivities.
Bloom's: v b Understand
AACSB: v b Knowledge vbApplication
vbAccessibility: v b Keyboard
vbNavigation
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