Bpl 5100 Study guides, Class notes & Summaries

The text addresses two perspectives of leadership as well as their implications. These two perspectives are D. romantic and external control. 93. A CEO made a lot of mistakes in assessing the market and the competitive conditions and improperly redesigning the organization into numerous business units. Such errors led to significant performance declines. According to the text, this example illustrates the __________ perspective of leadership. B. romantic 94. According to the external contr...

Successful Strategy correct answers Long-term, simple and agreed-upon objectives Profound understanding of competitive environment Objective appraisal of resources romantic view of leadership correct answers leader is the force in determining company's success external control view of leadership correct answers external forces determine org success, leader has limited influence ex, technological advancements, economic downturns, war Strategic management correct answers consists of ...

Studying the total business enterprise/Broad topics (Chapter 1) correct answers Environmental Forces: Macro-economic Industry competitive Firm: Managers/Strategists Decisions and actions Effective leadership Resources Capabilities Org. culture Strategy (Chapter 1) correct answers Tactics the govern an individual to make wiser decisions Goals of an organization (Chapter 1) correct answers Firms manage their resources, competitive environment effectively while managing their...

True correct answers Lands' End's failure under the leadership of Ms. Frederica Marchionni was said to be a direct result of the quality of her leadership. According to the text, this would be an example of the "romantic" perspective of leadership. (T/F) True correct answers Strategic management consists of the analyses, decisions, and actions an organization undertakes in order to create and sustain competitive advantages. (t/f) True correct answers Management innovations such as tota...

Strategic management correct answers the analysis, decisions, and actions an organization undertakes in order to create and sustain competitive advantage Strategy correct answers ideas. decisions, and actions that enable a firm to succeed. (Analyze, formulate, implementate, evaluate) Levels of strategy correct answers 1. corporate (where we going, businesses?) 2. competitive (how are we going to compete?) 3. Functional (resources/capabilities) Effective Strategic leadership correct an...

To create a competitive edge companies need to focus on ________________ correct answers customers' evolving wants and needs Porter's three generic strategies: correct answers 1. Overall Cost Leadership 2. Differentiation 3. Focus Differentiation is perceived from the____________ correct answers client/customer Differentiated goods are the opposite of__________ correct answers luxury goods Luxury goods are only for__________. Differentiated goods are marketed to ____________ corr...

external control view of leadership correct answers situations in which external forces - where the leader has limited influence - determine the organization's success Strategic Management correct answers the analyses, decisions, and actions an organization undertakes in order to create and sustain competitive advantages. competitive advantage correct answers a firm's resources and capabilities that enable it to overcome the competitive forces in its industry Operational Effectiveness...

what 3 activities should be considered when creating strategic leadership? correct answers 1. Setting a direction 2. designing the orginization 3. nuriting a culture decided to excellence/ethics high performing organizations direclty link leadership strategy to oragnzational strategy (T/F) correct answers T what are the 2 roles of corporate strcuture? correct answers 1. differentiation 2. integration explain: differentiation correct answers creating distinct tasks among invi...

what is strategic management? correct answers the analyses, decisions, and actions an organization undertakes in order to create and sustain *competitive advantages* elaboarate: analyses, decisions and acitons taken during stratregic management correct answers analyses: analyzing the strategic goals (vision, mission) decisions: what industries should we compete in? how should we compete in those industries? actions: implementing their strategies what are the attributes of strategic m...

Globalization correct answers a term that has two meanings (1) the increase in international exchange, including trade in goods and services as well as exchange of money, ideas, and information (2) the growing similarity of laws, rules, norms, values, and ideas across countries *The source of national advantage; that is, why an industry in a given country is more (or less) successful than the some industry in another country *The sources of national advantage; that is, why an industry in a g...