Test Bank for Strategic Management Text and Cases 11th Edition Dess-stamped

Version 1 1 Test Bank for Strategic Management Text and Cases 11th Edition Dess Version 1 2 TRUE/FALSE - Write 'T' if the statement is true and 'F' if the statement is false. 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 Question Details AACSB : Knowledge Application Accessibility : Keyboard Navigation Bloom's : Remember Difficulty : 1 Easy Learning Objective : 01-01 Define strategic management and its four key attributes. Topic : Strategy and the Strategic Management Process Source : Chapter 01 Test Bank > TF Qu. 01 The success of Apple under its former CEO, S... 2) Strategic management consists of the analyses, decisions, and actions an organization undertakes in order to create and sustain competitive advantages. ⊚ true ⊚ false Question Details AACSB : Knowledge Application Accessibility : Keyboard Navigation Bloom's : Remember Difficulty : 1 Easy Learning Objective : 01-01 Define strategic management and its four key attributes. Topic : Strategy and the Strategic Management Process Source : Chapter 01 Test Bank > TF Qu. 02 Strategic management consists of the analyse... 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 Question Details AACSB : Analytical Thinking Accessibility : Keyboard Navigation Bloom's : Understand Difficulty : 2 Medium Learning Objective : 01-01 Define strategic management and its four key attributes. Topic : Strategy and the Strategic Management Process Source : Chapter 01 Test Bank > TF Qu. 03 Management innovations such as total quality... Version 1 3 4) Trade-off decisions between effectiveness and efficiency are important in the practice of strategic management. ⊚ true ⊚ false Question Details AACSB : Analytical Thinking Accessibility : Keyboard Navigation Bloom's : Understand Difficulty : 2 Medium Learning Objective : 01-01 Define strategic management and its four key attributes. Topic : Strategy and the Strategic Management Process Source : Chapter 01 Test Bank > TF Qu. 04 Trade-off decisions between effectiveness an... 5) According to the textbook, digitizing existing business processes rarely improves efficiency. ⊚ true ⊚ false Question Details AACSB : Knowledge Application Accessibility : Keyboard Navigation Bloom's : Remember Difficulty : 1 Easy Learning Objective : 01-01 Define strategic management and its four key attributes. Topic : Strategy and the Strategic Management Process Source : Chapter 01 Test Bank > TF Qu. 05 According to the textbook, digitizing existi... 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 Question Details AACSB : Knowledge Application Accessibility : Keyboard Navigation Bloom's : Remember Difficulty : 1 Easy Learning Objective : 01-01 Define strategic management and its four key attributes. Topic : Strategy and the Strategic Management Process Source : Chapter 01 Test Bank > TF Qu. 06 A company that digitizes existing processes ... Version 1 4 7) According to Henry Mintzberg, a management scholar, most firms do not realize their original intended strategy. ⊚ true ⊚ false Question Details AACSB : Analytical Thinking Accessibility : Keyboard Navigation Bloom's : Understand Difficulty : 2 Medium Learning Objective : 01-02 Understand the strategic management process and its three interrelated and Topic : Strategy and the Strategic Management Process Source : Chapter 01 Test Bank > TF Qu. 07 According to Henry Mintzberg, a management s... 8) The final realized strategy of a firm is a combination of deliberate and time-tested strategies only. ⊚ true ⊚ false Question Details AACSB : Knowledge Application Accessibility : Keyboard Navigation Bloom's : Understand Difficulty : 2 Medium Learning Objective : 01-02 Understand the strategic management process and its three interrelated and Topic : Strategy and the Strategic Management Process Source : Chapter 01 Test Bank > TF Qu. 08 The final realized strategy of a firm is a c... 9) Strategy analysis is the study of only the big picture external environments of the firm. ⊚ true ⊚ false Question Details AACSB : Knowledge Application Accessibility : Keyboard Navigation Bloom's : Remember Difficulty : 1 Easy Learning Objective : 01-02 Understand the strategic management process and its three interrelated and Topic : Strategy and the Strategic Management Process Source : Chapter 01 Test Bank > TF Qu. 09 Strategy analysis is the study of only the b... Version 1 5 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 Question Details AACSB : Analytical Thinking Accessibility : Keyboard Navigation Bloom's : Understand Difficulty : 2 Medium Learning Objective : 01-02 Understand the strategic management process and its three interrelated and Topic : Strategy and the Strategic Management Process Source : Chapter 01 Test Bank > TF Qu. 10 All successful firms compete and outperform ... 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 Question Details AACSB : Knowledge Application Accessibility : Keyboard Navigation Bloom's : Understand Difficulty : 2 Medium Learning Objective : 01-03 Identify the vital role of corporate governance and stakeholder management Topic : Corporate Governance Source : Chapter 01 Test Bank > TF Qu. 11 The three primary participants in corporate ... 12) Decisions by boards of directors are always consistent with shareholder interests. ⊚ true ⊚ false Question Details AACSB : Knowledge Application Accessibility : Keyboard Navigation Bloom's : Remember Difficulty : 1 Easy Learning Objective : 01-03 Identify the vital role of corporate governance and stakeholder management Topic : Corporate Governance Source : Chapter 01 Test Bank > TF Qu. 12 Decisions by boards of directors are always ... Version 1 6 13) Ensuring effective corporate governance requires an effective and engaged board of directors, uninvolved shareholders, and proper managerial rewards and incentives. ⊚ true ⊚ false Question Details AACSB : Analytical Thinking Accessibility : Keyboard Navigation Bloom's : Understand Difficulty : 2 Medium Learning Objective : 01-03 Identify the vital role of corporate governance and stakeholder management Topic : Corporate Governance Source : Chapter 01 Test Bank > TF Qu. 13 Ensuring effective corporate governance requ... 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 Question Details AACSB : Knowledge Application Accessibility : Keyboard Navigation Bloom's : Remember Difficulty : 1 Easy Learning Objective : 01-03 Identify the vital role of corporate governance and stakeholder management Topic : Corporate Governance Source : Chapter 01 Test Bank > TF Qu. 14 The core mission of the board of directors i... 15) Social responsibility is the idea that organizations are only accountable to stockholders. ⊚ true ⊚ false Question Details AACSB : Knowledge Application Accessibility : Keyboard Navigation Bloom's : Remember Difficulty : 1 Easy Learning Objective : 01-04 Understand the importance of social responsibility, including environmenta Topic : Corporate Social Responsibility and Sustainability Source : Chapter 01 Test Bank > TF Qu. 15 Social responsibility is the idea that organ... Version 1 7 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 Question Details AACSB : Analytical Thinking Accessibility : Keyboard Navigation Bloom's : Understand Difficulty : 2 Medium Learning Objective : 01-04 Understand the importance of social responsibility, including environmenta Topic : Corporate Social Responsibility and Sustainability Source : Chapter 01 Test Bank > TF Qu. 16 Shell, NEC, and Procter and Gamble have been... 17) Sustainability is being increasingly recognized as a source of cost efficiencies and revenue growth. ⊚ true ⊚ false Question Details AACSB : Analytical Thinking Accessibility : Keyboard Navigation Bloom's : Understand Difficulty : 2 Medium Learning Objective : 01-04 Understand the importance of social responsibility, including environmenta Topic : Corporate Social Responsibility and Sustainability Source : Chapter 01 Test Bank > TF Qu. 17 Sustainability is being increasingly recogni... 18) Responsible investment approaches evaluate companies based on environmental, social, and growth criteria (ESG investment trend). ⊚ true ⊚ false Question Details AACSB : Knowledge Application Accessibility : Keyboard Navigation Bloom's : Remember Difficulty : 1 Easy Learning Objective : 01-04 Understand the importance of social responsibility, including environmenta Topic : Corporate Social Responsibility and Sustainability Source : Chapter 01 Test Bank > TF Qu. 18 Responsible investment approaches evaluate c... Version 1 8 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 Question Details AACSB : Analytical Thinking Accessibility : Keyboard Navigation Bloom's : Understand Difficulty : 2 Medium Learning Objective : 01-04 Understand the importance of social responsibility, including environmenta Topic : Corporate Social Responsibility and Sustainability Source : Chapter 01 Test Bank > TF Qu. 19 Focusing on the ESG criteria does not enhanc... 20) Strategic management requires managers at all levels of the organization to take a segregated view of the organization. ⊚ true ⊚ false Question Details AACSB : Knowledge Application Accessibility : Keyboard Navigation Bloom's : Remember Difficulty : 1 Easy Learning Objective : 01-05 Recognize the need for greater empowerment throughout the organization. Topic : Value of Strategic Leadership Source : Chapter 01 Test Bank > TF Qu. 20 Strategic management requires managers at al... 21) The strategic management process should be addressed only by top-level executives. Midlevel and low-level employees are best equipped to implement the strategies of the organization. ⊚ true ⊚ false Question Details AACSB : Analytical Thinking Accessibility : Keyboard Navigation Bloom's : Understand Difficulty : 2 Medium Learning Objective : 01-05 Recognize the need for greater empowerment throughout the organization. Topic : Value of Strategic Leadership Source : Chapter 01 Test Bank > TF Qu. 21 The strategic management process should be a... Version 1 9 22) Richard Branson, the founder of the Virgin Group, is well known for creating an inclusive organizational structure in which anybody in the organization can be involved in generating and acting on new business ideas. ⊚ true ⊚ false Question Details AACSB : Analytical Thinking Accessibility : Keyboard Navigation Bloom's : Understand Difficulty : 2 Medium Learning Objective : 01-05 Recognize the need for greater empowerment throughout the organization. Topic : Value of Strategic Leadership Source : Chapter 01 Test Bank > TF Qu. 22 Richard Branson, the founder of the Virgin G... 23) Managers must create management processes to foster change. In the example of the filming of the movie Gorillas in the Mist, an intern suggested a way to save costs and the film director listened. This is an example of empowerment. ⊚ true ⊚ false Question Details AACSB : Analytical Thinking Accessibility : Keyboard Navigation Bloom's : Understand Difficulty : 2 Medium Learning Objective : 01-05 Recognize the need for greater empowerment throughout the organization. Topic : Value of Strategic Leadership Source : Chapter 01 Test Bank > TF Qu. 23 Managers must create management processes to... 24) As Strategy Spotlight 1.3 indicates, one of the main reasons General Electric started failing in 2016 is because top managers did not listen to the early warning signals being reported by lower levels of the organization and did not take preventative action. ⊚ true ⊚ false Question Details AACSB : Analytical Thinking Accessibility : Keyboard Navigation Bloom's : Understand Difficulty : 2 Medium Learning Objective : 01-05 Recognize the need for greater empowerment throughout the organization. Topic : Value of Strategic Leadership Source : Chapter 01 Test Bank > TF Qu. 24 As Strategy Spotlight 1.3 indicates, one of ... Version 1 10 25) The vision of an organization is at the top level of its hierarchy of organizational goals. The vision statement should be massively inspiring, overarching, and long term. ⊚ true ⊚ false Question Details AACSB : Analytical Thinking Accessibility : Keyboard Navigation Bloom's : Understand Difficulty : 2 Medium Learning Objective : 01-06 Explain how an awareness of a hierarchy of strategic goals can help an org Topic : The Roles of Vision, Mission, and Values in the Strategic Management Process Source : Chapter 01 Test Bank > TF Qu. 25 The vision of an organization is at the top ... 26) Much research has supported the notion that individuals work much harder when they are asked to do their best rather than when they are striving toward a specific goal. ⊚ true ⊚ false Question Details AACSB : Analytical Thinking Accessibility : Keyboard Navigation Bloom's : Understand Difficulty : 2 Medium Learning Objective : 01-06 Explain how an awareness of a hierarchy of strategic goals can help an org Topic : The Roles of Vision, Mission, and Values in the Strategic Management Process Source : Chapter 01 Test Bank > TF Qu. 26 Much research has supported the notion that ... 27) An idealistic vision can arouse employee enthusiasm and therefore is a good vision. ⊚ true ⊚ false Question Details AACSB : Analytical Thinking Accessibility : Keyboard Navigation Bloom's : Understand Difficulty : 2 Medium Learning Objective : 01-06 Explain how an awareness of a hierarchy of strategic goals can help an org Topic : The Roles of Vision, Mission, and Values in the Strategic Management Process Source : Chapter 01 Test Bank > TF Qu. 27 An idealistic vision can arouse employee ent... Version 1 11 MULTIPLE CHOICE - Choose the one alternative that best completes the statement or answers the question. 28) The text addresses two perspectives of leadership as well as their implications. These two perspectives are A) romantic and unromantic. B) romantic and internal control. C) romantic and external control. D) external control and unromantic. Question Details AACSB : Knowledge Application Accessibility : Keyboard Navigation Bloom's : Remember Difficulty : 1 Easy Learning Objective : 01-01 Define strategic management and its four key attributes. Topic : Strategy and the Strategic Management Process Source : Chapter 01 Test Bank > MC Qu. 28 The text addresses two perspectives of leade... 29) In the opening Learning from Mistakes case, in 2017 Luckin Coffee faced challenges from the external environment over which it had little control. Its primary competitor, Starbucks, was strongly entrenched in the Chinese marketplace and intended to continue growing there. By 2020, Luckin Coffee was delisted from the Nasdaq stock exchange. This resulting failure can be attributed largely to A) Luckin Coffee CEO Qian’s leadership. B) Luckin Coffee products not appealing to the consumer. C) Starbucks using shady business practices. D) Chinese market not interested in coffee drinks. Question Details AACSB : Knowledge Application Accessibility : Keyboard Navigation Bloom's : Remember Difficulty : 1 Easy Learning Objective : 01-01 Define strategic management and its four key attributes. Topic : Strategy and the Strategic Management Process Source : Chapter 01 Test Bank > MC Qu. 29 In the opening Learning from Mistakes case, ... Version 1 12 30) When developments in the general environment, such as new technologies, or an outbreak of internal conflict occur, they can greatly restrict the choices that are available to company leaders. This is the________ view of leadership. A) external supply B) internal control C) external control D) internal supply Question Details AACSB : Analytical Thinking Accessibility : Keyboard Navigation Bloom's : Understand Difficulty : 2 Medium Learning Objective : 01-01 Define strategic management and its four key attributes. Topic : Strategy and the Strategic Management Process Source : Chapter 01 Test Bank > MC Qu. 30 When developments in the general environment... 31) Borders and Waldenbooks were quickly overtaken by Amazon, largely due to the shift from brick-and-mortar bookstores to online book buying. This exemplifies the________ view of leadership. A) romantic B) financial C) strategic D) external control Question Details AACSB : Knowledge Application Accessibility : Keyboard Navigation Bloom's : Remember Difficulty : 1 Easy Learning Objective : 01-01 Define strategic management and its four key attributes. Topic : Strategy and the Strategic Management Process Source : Chapter 01 Test Bank > MC Qu. 31 Borders and Waldenbooks were quickly overtak... Version 1 13 32) In the Learning from Mistakes case discussion of Luckin Coffee, which view of leadership most accurately describes the reason it was eventually delisted from the Nasdaq stock exchange in June 2020? A) romantic B) external control C) internal control D) financial Question Details AACSB : Analytical Thinking Accessibility : Keyboard Navigation Bloom's : Understand Difficulty : 2 Medium Learning Objective : 01-01 Define strategic management and its four key attributes. Topic : Strategy and the Strategic Management Process Source : Chapter 01 Test Bank > MC Qu. 32 In the Learning from Mistakes case discussio... 33) When a CEO makes many mistakes in assessing the market and the competitive conditions and improperly redesigns the organization into numerous business units, these errors lead to significant performance declines. According to the text, this example illustrates the________ perspective of leadership. A) external control B) romantic C) internal mechanism D) operational Question Details AACSB : Analytical Thinking Accessibility : Keyboard Navigation Bloom's : Understand Difficulty : 2 Medium Learning Objective : 01-01 Define strategic management and its four key attributes. Topic : Strategy and the Strategic Management Process Source : Chapter 01 Test Bank > MC Qu. 33 When a CEO makes many mistakes in assessing ... Version 1 14 34) According to the external control view of leadership, which of the following factors would not be considered an external factor that might positively or negatively affect a firm’s success? A) economic downturns B) governmental legislation C) outbreak of war D) company employee morale Question Details AACSB : Analytical Thinking Accessibility : Keyboard Navigation Bloom's : Understand Difficulty : 2 Medium Learning Objective : 01-01 Define strategic management and its four key attributes. Topic : Strategy and the Strategic Management Process Source : Chapter 01 Test Bank > MC Qu. 34 According to the external control view of le... 35) According to the text, the strategic management process entails three ongoing processes. They are A) analyses, actions, and synthesis. B) analyses, synthesis, and decisions. C) analyses, evaluation, and critique. D) analyses, decisions, and actions. Question Details AACSB : Knowledge Application Accessibility : Keyboard Navigation Bloom's : Remember Difficulty : 1 Easy Learning Objective : 01-01 Define strategic management and its four key attributes. Topic : Strategy and the Strategic Management Process Source : Chapter 01 Test Bank > MC Qu. 35 According to the text, the strategic managem... Version 1 15 36) Management innovations such as total quality, benchmarking, and business process reengineering cannot lead to sustainable competitive advantage because A) companies that have implemented these techniques have lost money. B) there is no proof that these techniques work. C) they cost too much money and effort to implement. D) many companies are trying to implement them. Question Details AACSB : Analytical Thinking Accessibility : Keyboard Navigation Bloom's : Understand Difficulty : 2 Medium Learning Objective : 01-01 Define strategic management and its four key attributes. Topic : Strategy and the Strategic Management Process Source : Chapter 01 Test Bank > MC Qu. 36 Management innovations such as total quality... 37) The organizational versus the individual rationality perspective suggests that objectives that are A) good for a functional area are always good for the overall organization. B) good for the overall organization are always best for a functional area. C) best for a functional area may not be best for the overall organization. D) best for one functional area will never be best for all functional areas. Question Details AACSB : Analytical Thinking Accessibility : Keyboard Navigation Bloom's : Understand Difficulty : 2 Medium Learning Objective : 01-01 Define strategic management and its four key attributes. Topic : Strategy and the Strategic Management Process Source : Chapter 01 Test Bank > MC Qu. 37 The organizational versus the individual rat... Version 1 16 38) The four key attributes of strategic management include the idea that strategy must A) be directed toward overall organizational goals and objectives. B) be focused only on long-term objectives. C) be focused on only one specific area of an organization. D) focus only on competitor strengths. Question Details AACSB : Analytical Thinking Accessibility : Keyboard Navigation Bloom's : Understand Difficulty : 2 Medium Learning Objective : 01-01 Define strategic management and its four key attributes. Topic : Strategy and the Strategic Management Process Source : Chapter 01 Test Bank > MC Qu. 38 The four key attributes of strategic managem... 39) The four key attributes of strategic management include all of the following except A) including multiple stakeholder interests in decision making. B) incorporating both short-term and long-term perspectives. C) recognizing the trade-offs between effectiveness and efficiency. D) emphasis on the attainment of short-term objectives. Question Details AACSB : Knowledge Application Accessibility : Keyboard Navigation Bloom's : Understand Difficulty : 2 Medium Learning Objective : 01-01 Define strategic management and its four key attributes. Topic : Strategy and the Strategic Management Process Source : Chapter 01 Test Bank > MC Qu. 39 The four key attributes of strategic managem... 40) Effectiveness is often defined as A) doing the right thing. B) doing things right. C) stakeholder satisfaction. D) productivity enhancement. Question Details AACSB : Knowledge Application Accessibility : Keyboard Navigation Bloom's : Remember Difficulty : 1 Easy Learning Objective : 01-01 Define strategic management and its four key attributes. Topic : Strategy and the Strategic Management Process Source : Chapter 01 Test Bank > MC Qu. 40 Effectiveness is often defined as Version 1 17 41) In choosing to focus on stakeholders, which of the following will not lead to success for a manager? A) shareholders and employees B) employees and suppliers C) customers and the community at large D) customers only Question Details AACSB : Analytical Thinking Accessibility : Keyboard Navigation Bloom's : Understand Difficulty : 2 Medium Learning Objective : 01-01 Define strategic management and its four key attributes. Topic : Strategy and the Strategic Management Process Source : Chapter 01 Test Bank > MC Qu. 41 In choosing to focus on stakeholders, which ... 42) In strategic management, both the short-term and long-term perspectives need to be considered because A) shareholder value is only measured by short-term returns. B) shareholders only care about long-term returns. C) long-term vision precludes the analysis of present operating needs. D) the creative tension between the two forces managers to develop more successful strategy. Question Details AACSB : Analytical Thinking Accessibility : Keyboard Navigation Bloom's : Understand Difficulty : 2 Medium Learning Objective : 01-01 Define strategic management and its four key attributes. Topic : Strategy and the Strategic Management Process Source : Chapter 01 Test Bank > MC Qu. 42 In strategic management, both the short-term... Version 1 18 43) Strategic management involves the recognition of trade-offs between effectiveness and A) cost. B) value. C) return on investment. D) efficiency. Question Details AACSB : Analytical Thinking Accessibility : Keyboard Navigation Bloom's : Understand Difficulty : 2 Medium Learning Objective : 01-01 Define strategic management and its four key attributes. Topic : Strategy and the Strategic Management Process Source : Chapter 01 Test Bank > MC Qu. 43 Strategic management involves the recognitio... 44) Digital technologies, when used to digitize existing businesses, can improve efficiency. Which of the following is an example of improved efficiency as a result of using digital technologies? A) artificial intelligence used to automate repetitive data entry tasks B) replacement of human heart with the heart of a pig C) elimination of digital apps and replacement with brick-and-mortar solutions D) replacement of 3D imaging with manual drawings Question Details AACSB : Analytical Thinking Accessibility : Keyboard Navigation Bloom's : Understand Difficulty : 2 Medium Learning Objective : 01-01 Define strategic management and its four key attributes. Topic : Strategy and the Strategic Management Process Source : Chapter 01 Test Bank > MC Qu. 44 Digital technologies, when used to digitize ... Version 1 19 45) All the following are ambidextrous behaviors except A) taking initiative and being alert to opportunities beyond the job description. B) being cooperative and seeking opportunities to combine personal efforts with that of others. C) intensely focusing on the responsibilities of one individual and maximizing the output of the department in the organization in which that individual works. D) being brokers, always looking to build internal linkages. Question Details AACSB : Analytical Thinking Accessibility : Keyboard Navigation Bloom's : Understand Difficulty : 2 Medium Learning Objective : 01-01 Define strategic management and its four key attributes. Topic : Strategy and the Strategic Management Process Source : Chapter 01 Test Bank > MC Qu. 45 All the following are ambidextrous behaviors... 46) Ambidextrous behaviors in individuals illustrate how a dual capacity for________ can be woven into the fabric of an organization at the individual level. A) alignment and adaptability B) alignment and transparency C) alignment and internal linkages D) alignment and efficiency Question Details AACSB : Analytical Thinking Accessibility : Keyboard Navigation Bloom's : Understand Difficulty : 2 Medium Learning Objective : 01-01 Define strategic management and its four key attributes. Topic : Strategy and the Strategic Management Process Source : Chapter 01 Test Bank > MC Qu. 46 Ambidextrous behaviors in individuals illust... Version 1 20 47) The innovation paradox implies that consistency in products and services provokes a tension with the need for new products. This results in a conflict between A) stability and change. B) structure and culture. C) rewards and metrics. D) stability and metrics. Question Details AACSB : Analytical Thinking Accessibility : Keyboard Navigation Bloom's : Understand Difficulty : 2 Medium Learning Objective : 01-01 Define strategic management and its four key attributes. Topic : Strategy and the Strategic Management Process Source : Chapter 01 Test Bank > MC Qu. 47 The innovation paradox implies that consiste... 48) According to Henry Mintzberg, the final realized strategy of a firm is A) a combination of deliberate and emergent strategies. B) a combination of deliberate and differentiation strategies. C) not deliberate. D) a result of unrealized intended strategy. Question Details AACSB : Knowledge Application Accessibility : Keyboard Navigation Bloom's : Remember Difficulty : 1 Easy Learning Objective : 01-02 Understand the strategic management process and its three interrelated and Topic : Strategy and the Strategic Management Process Source : Chapter 01 Test Bank > MC Qu. 48 According to Henry Mintzberg, the final real... Version 1 21 49) ________ may be considered the advance work that must be done in order to effectively formulate and implement strategies. A) Goal setting B) Corporate entrepreneurship C) Strategy analysis D) Organizational design Question Details AACSB : Knowledge Application Accessibility : Keyboard Navigation Bloom's : Remember Difficulty : 1 Easy Learning Objective : 01-02 Understand the strategic management process and its three interrelated and Topic : Strategy and the Strategic Management Process Source : Chapter 01 Test Bank > MC Qu. 49 ________ may be considered the advance work ... 50) Strategy analysis is the starting point of the strategic management process and consists of the A) analysis only of the vision, mission, and objectives of the firm. B) analysis of the relevant internal and external environmental factors only. C) analysis of relevant competitors only. D) matching of vision, mission, and objectives with the relevant internal and external environmental factors. Question Details AACSB : Knowledge Application Accessibility : Keyboard Navigation Bloom's : Remember Difficulty : 1 Easy Learning Objective : 01-02 Understand the strategic management process and its three interrelated and Topic : Strategy and the Strategic Management Process Source : Chapter 01 Test Bank > MC Qu. 50 Strategy analysis is the starting point of t... Version 1 22 51) Strategy formulation at the business level addresses best how to compete in a given business A) to attain competitive advantage. B) to reduce costs. C) to decrease buyer power. D) to thwart entry of new rivals. Question Details AACSB : Analytical Thinking Accessibility : Keyboard Navigation Bloom's : Understand Difficulty : 2 Medium Learning Objective : 01-02 Understand the strategic management process and its three interrelated and Topic : Strategy and the Strategic Management Process Source : Chapter 01 Test Bank > MC Qu. 51 Strategy formulation at the business level a... 52) Corporate-level strategy focuses on what businesses to compete in and A) how business can be managed to achieve synergy. B) how business can be managed to reduce synergy. C) how the firm can work as a stand-alone entity. D) how the firm can create more value by operating alone. Question Details AACSB : Analytical Thinking Accessibility : Keyboard Navigation Bloom's : Understand Difficulty : 2 Medium Learning Objective : 01-02 Understand the strategic management process and its three interrelated and Topic : Strategy and the Strategic Management Process Source : Chapter 01 Test Bank > MC Qu. 52 Corporate-level strategy focuses on what bus... Version 1 23 53) Corporate-level strategy looks at how to manage the________ of its businesses to create synergies. A) market pricing B) stock prices C) competitors D) portfolio Question Details AACSB : Knowledge Application Accessibility : Keyboard Navigation Bloom's : Remember Difficulty : 1 Easy Learning Objective : 01-02 Understand the strategic management process and its three interrelated and Topic : Strategy and the Strategic Management Process Source : Chapter 01 Test Bank > MC Qu. 53 Corporate-level strategy looks at how to man... 54) Entering foreign markets requires firms to ascertain foremost how they will attain A) market share. B) competitive advantage. C) low costs. D) low returns on investment. Question Details AACSB : Analytical Thinking Accessibility : Keyboard Navigation Bloom's : Understand Difficulty : 2 Medium Learning Objective : 01-02 Understand the strategic management process and its three interrelated and Topic : Strategy and the Strategic Management Process Source : Chapter 01 Test Bank > MC Qu. 54 Entering foreign markets requires firms to a... Version 1 24 55) New value creation is a major engine for economic growth and is the main focus of________ strategy. A) portfolio B) corporate-level C) business-level D) entrepreneurial Question Details AACSB : Knowledge Application Accessibility : Keyboard Navigation Bloom's : Understand Difficulty : 2 Medium Learning Objective : 01-02 Understand the strategic management process and its three interrelated and Topic : Strategy and the Strategic Management Process Source : Chapter 01 Test Bank > MC Qu. 55 New value creation is a major engine for eco... 56) Two types of strategic control that firms must exercise for good strategy implementation are________ and________. A) informational; confrontational B) informational; behavioral C) behavioral; financial D) confrontational; behavioral Question Details AACSB : Knowledge Application Accessibility : Keyboard Navigation Bloom's : Understand Difficulty : 2 Medium Learning Objective : 01-02 Understand the strategic management process and its three interrelated and Topic : Strategy and the Strategic Management Process Source : Chapter 01 Test Bank > MC Qu. 56 Two types of strategic control that firms mu... Version 1 25 57) Effective organizational design means that firms must have________ and________ that are consistent with their strategy. A) designs; plans B) adopters; plans C) adopters; designs D) organizational structures; designs Question Details AACSB : Analytical Thinking Accessibility : Keyboard Navigation Bloom's : Understand Difficulty : 2 Medium Learning Objective : 01-02 Understand the strategic management process and its three interrelated and Topic : Strategy and the Strategic Management Process Source : Chapter 01 Test Bank > MC Qu. 57 Effective organizational design means that f... 58) Learning organizations permit the entire organization to benefit from________ and________ talents. A) internal; external B) external; individual C) individual; collective D) internal; collective Question Details AACSB : Knowledge Application Accessibility : Keyboard Navigation Bloom's : Remember Difficulty : 1 Easy Learning Objective : 01-02 Understand the strategic management process and its three interrelated and Topic : Strategy and the Strategic Management Process Source : Chapter 01 Test Bank > MC Qu. 58 Learning organizations permit the entire org... Version 1 26 59) Effective leaders set a direction and develop an organization so that it is committed to excellence and________ behavior. A) performant B) strategic C) ethical D) positive Question Details AACSB : Knowledge Application Accessibility : Keyboard Navigation Bloom's : Remember Difficulty : 1 Easy Learning Objective : 01-02 Understand the strategic management process and its three interrelated and Topic : Strategy and the Strategic Management Process Source : Chapter 01 Test Bank > MC Qu. 59 Effective leaders set a direction and develo... 60) Strategies should be formulated that enhance foremost the________ capacity of a firm. A) innovative B) learning C) implementation D) business-level Question Details AACSB : Analytical Thinking Accessibility : Keyboard Navigation Bloom's : Understand Difficulty : 2 Medium Learning Objective : 01-02 Understand the strategic management process and its three interrelated and Topic : Strategy and the Strategic Management Process Source : Chapter 01 Test Bank > MC Qu. 60 Strategies should be formulated that enhance... Version 1 27 61) Strategy implementation can be the most difficult part of the strategic management process. Which of the following is not likely to be a cause of implementation failure? A) leadership B) competition C) coordination and integration of activities within and outside of the firm D) organizational commitment to excellence Question Details AACSB : Analytical Thinking Accessibility : Keyboard Navigation Bloom's : Understand Difficulty : 2 Medium Learning Objective : 01-02 Understand the strategic management process and its three interrelated and Topic : Strategy and the Strategic Management Process Source : Chapter 01 Test Bank > MC Qu. 61 Strategy implementation can be the most diff... 62) In the interview with Usman Ghani, Chairman of ConfluCore, he finds that key attributes of successful strategies include all but which of the following? A) Considered strategic processes are applied. B) Strategies display systematic adaptability. C) Customer offerings are effectively differentiated by the organizations. D) To ensure that customer offerings are differentiated, management need not be assessed regularly. Question Details AACSB : Knowledge Application Accessibility : Keyboard Navigation Bloom's : Remember Difficulty : 1 Easy Learning Objective : 01-02 Understand the strategic management process and its three interrelated and Topic : Strategy and the Strategic Management Process Source : Chapter 01 Test Bank > MC Qu. 62 In the interview with Usman Ghani, Chairman ... Version 1 28 63) The three participants in corporate governance are the shareholders, A) board of directors, and employees. B) labor unions, and employees. C) board of directors, and management. D) banks and lending institutions, and management. Question Details AACSB : Knowledge Application Accessibility : Keyboard Navigation Bloom's : Remember Difficulty : 1 Easy Learning Objective : 01-02 Understand the strategic management process and its three interrelated and Topic : Strategy and the Strategic Management Process Source : Chapter 01 Test Bank > MC Qu. 63 The three participants in corporate governan... 64) While working to prioritize and fulfill their responsibilities, members of the board of directors of an organization should A) represent their own interests. B) represent the interests of the shareholders. C) direct all actions of the CEO. D) emphasize the importance of short-term goals. Question Details AACSB : Analytical Thinking Accessibility : Keyboard Navigation Bloom's : Understand Difficulty : 2 Medium Learning Objective : 01-03 Identify the vital role of corporate governance and stakeholder management Topic : Corporate Governance Source : Chapter 01 Test Bank > MC Qu. 64 While working to prioritize and fulfill thei... Version 1 29 65) Members of boards of directors are A) appointed by the Securities and Exchange Commission. B) elected by the shareholders as their representatives. C) elected by the public. D) only allowed to serve one term of four years. Question Details AACSB : Knowledge Application Accessibility : Keyboard Navigation Bloom's : Remember Difficulty : 1 Easy Learning Objective : 01-03 Identify the vital role of corporate governance and stakeholder management Topic : Corporate Governance Source : Chapter 01 Test Bank > MC Qu. 65 Members of boards of directors are 66) An organization is responsible to many different entities. In order to meet the demands of these groups, organizations must participate in stakeholder management. Stakeholder management means that A) interests of the stockholders are not the only interests that matter. B) stakeholders are second in importance to the stockholders. C) stakeholders and managers inevitably work at cross-purposes. D) all stakeholders receive financial rewards. Question Details AACSB : Knowledge Application Accessibility : Keyboard Navigation Bloom's : Remember Difficulty : 1 Easy Learning Objective : 01-03 Identify the vital role of corporate governance and stakeholder management Topic : Corporate Governance Source : Chapter 01 Test Bank > MC Qu. 66 An organization is responsible to many diffe... Version 1 30 67) Stakeholders are A) a new way to describe stockholders. B) individuals, groups, and organizations who have a stake in the success of the organization. C) creditors who hold a lien on the assets of the organization. D) attorneys and their clients who sue the organization. Question Details AACSB : Analytical Thinking Accessibility : Keyboard Navigation Bloom's : Remember Difficulty : 1 Easy Learning Objective : 01-03 Identify the vital role of corporate governance and stakeholder management Topic : Corporate Governance Source : Chapter 01 Test Bank > MC Qu. 67 Stakeholders are 68) Procter and Gamble has perfected a technique for compacting cleaning powder into a liquid concentration. Consumers, retailers, shipping and wholesalers, and environmentalists all have benefited from the resulting change in consumer shopping habits and the revolution in industry supply-chain economics. According to the text, this is an example of A) zero-sum relationship among stakeholders. B) stakeholder symbiosis. C) rewarding stakeholders. D) emphasizing financial returns. Question Details AACSB : Analytical Thinking Accessibility : Keyboard Navigation Bloom's : Understand Difficulty : 2 Medium Learning Objective : 01-03 Identify the vital role of corporate governance and stakeholder management Topic : Corporate Governance Source : Chapter 01 Test Bank > MC Qu. 68 Procter and Gamble has perfected a technique... Version 1 31 69) There are several perspectives of competition. One perspective is zero-sum thinking. Zerosum thinking means that A) all parts of the organization gain at no loss. B) in order for someone to gain others must experience no gain or benefit. C) everyone in the organization shares gains and losses equally. D) one can only gain at the expense of someone else. Question Details AACSB : Analytical Thinking Accessibility : Keyboard Navigation Bloom's : Understand Difficulty : 2 Medium Learning Objective : 01-03 Identify the vital role of corporate governance and stakeholder management Topic : Corporate Governance Source : Chapter 01 Test Bank > MC Qu. 69 There are several perspectives of competitio... 70) Managers should do more than focus on short-term financial performance. One concept that helps managers do this is stakeholder symbiosis. This means that A) stakeholders look out for their individual interests. B) stakeholders are dependent on each other for their success. C) one can only gain at the expense of someone else. D) all stakeholders want to maximize shareholder returns. Question Details AACSB : Analytical Thinking Accessibility : Keyboard Navigation Bloom's : Understand Difficulty : 2 Medium Learning Objective : 01-03 Identify the vital role of corporate governance and stakeholder management Topic : Corporate Governance Source : Chapter 01 Test Bank > MC Qu. 70 Managers should do more than focus on short-... Version 1 32 71) Employee stakeholders are concerned with A) wages, benefits, and job security. B) taxes, warranties, and regulations. C) good citizenship behavior. D) dividends. Question Details AACSB : Analytical Thinking Accessibility : Keyboard Navigation Bloom's : Understand Difficulty : 2 Medium Learning Objective : 01-03 Identify the vital role of corporate governance and stakeholder management Topic : Corporate Governance Source : Chapter 01 Test Bank > MC Qu. 71 Employee stakeholders are concerned with 72) Stockholders as a stakeholder group are interested primarily in A) payment of interest and repayment of principal. B) dividends and capital appreciation. C) value and warranties D) taxes and compliance with regulations. Question Details AACSB : Knowledge Application Accessibility : Keyboard Navigation Bloom's : Remember Difficulty : 1 Easy Learning Objective : 01-03 Identify the vital role of corporate governance and stakeholder management Topic : Corporate Governance Source : Chapter 01 Test Bank > MC Qu. 72 Stockholders as a stakeholder group are inte... 73) Supplier stakeholders are concerned with A) capital appreciation. B) employee benefits. C) safe working conditions. D) assurance of a continued relationship with the firm. Question Details AACSB : Analytical Thinking Accessibility : Keyboard Navigation Bloom's : Understand Difficulty : 2 Medium Learning Objective : 01-03 Identify the vital role of corporate governance and stakeholder management Topic : Corporate Governance Source : Chapter 01 Test Bank > MC Qu. 73 Supplier stakeholders are concerned with Version 1 33 74) Community stakeholders are concerned primarily with A) product warranties. B) corporate citizenship behavior. C) capital appreciation. D) repayment of principal. Question Details AACSB : Analytical Thinking Accessibility : Keyboard Navigation Bloom's : Understand Difficulty : 2 Medium Learning Objective : 01-03 Identify the vital role of corporate governance and stakeholder management Topic : Corporate Governance Source : Chapter 01 Test Bank > MC Qu. 74 Community stakeholders are concerned primari... 75) Firms must be aware of goals other than short-term profit maximization. One area of concern should be social responsibility, which is the A) idea that businesses are responsible for maintaining a healthy social climate for their employees. B) idea that organizations are solely responsible to local citizens. C) fact that court costs could impact the financial bottom line. D) expectation that business will strive to improve the overall welfare of society. Question Details AACSB : Analytical Thinking Accessibility : Keyboard Navigation Bloom's : Understand Difficulty : 2 Medium Learning Objective : 01-04 Understand the importance of social responsibility, including environmenta Topic : Corporate Governance Source : Chapter 01 Test Bank > MC Qu. 75 Firms must be aware of goals other than shor... Version 1 34 76) According to the text, the triple bottom line approach to corporate accounting includes which three components? A) financial, environmental, and customer B) financial, organizational, and customer C) financial, environmental, and social D) financial, organizational, and psychological Question Details AACSB : Analytical Thinking Accessibility : Keyboard Navigation Bloom's : Understand Difficulty : 2 Medium Learning Objective : 01-04 Understand the importance of social responsibility, including environmenta Topic : Corporate Social Responsibility and Sustainability Source : Chapter 01 Test Bank > MC Qu. 76 According to the text, the triple bottom lin... 77) A key stakeholder group that is particularly susceptible to corporate social responsibility (CSR) initiatives is A) suppliers. B) consumers. C) government agencies. D) rivals. Question Details AACSB : Knowledge Application Accessibility : Keyboard Navigation Bloom's : Remember Difficulty : 1 Easy Learning Objective : 01-04 Understand the importance of social responsibility, including environmenta Topic : Corporate Social Responsibility and Sustainability Source : Chapter 01 Test Bank > MC Qu. 77 A key stakeholder group that is particularly... Version 1 35 78) According to the corporate citizenship poll conducted by Cone Communications, most Americans say they would be likely to switch brands to one associated with a good cause, if there are similarities between________ and________. A) price; availability B) price; quality C) availability; quality D) price; durability Question Details AACSB : Knowledge Application Accessibility : Keyboard Navigation Bloom's : Remember Difficulty : 1 Easy Learning Objective : 01-04 Understand the importance of social responsibility, including environmenta Topic : Corporate Social Responsibility and Sustainability Source : Chapter 01 Test Bank > MC Qu. 78 According to the corporate citizenship poll ... 79) According to a CEO survey by Accenture,________ and________ are not mutually exclusive corporate goals. A) sustainability; profitability B) quality; profitability C) ROI; quality D) availability; ROI Question Details AACSB : Knowledge Application Accessibility : Keyboard Navigation Bloom's : Remember Difficulty : 1 Easy Learning Objective : 01-04 Understand the importance of social responsibility, including environmenta Topic : Corporate Social Responsibility and Sustainability Source : Chapter 01 Test Bank > MC Qu. 79 According to a CEO survey by Accenture, ____... Version 1 36 80) Responsible investment approaches evaluate companies based on________,________, and________ criteria (ESG). A) environmental; social; growth B) external; social; growth C) environmental; strategic; growth D) environmental; social; governance Question Details AACSB : Knowledge Application Accessibility : Keyboard Navigation Bloom's : Understand Difficulty : 2 Medium Learning Objective : 01-04 Understand the importance of social responsibility, including environmenta Topic : Corporate Social Responsibility and Sustainability Source : Chapter 01 Test Bank > MC Qu. 80 Responsible investment approaches evaluate c... 81) Focusing on ESG criteria can enhance corporate financial performance. This, in turn, can benefit________,________, and________. A) society, environment, ESG fund investors B) competitors, environment, consumers C) competitors, environment, ESG fund investors D) society, global competitors, stakeholders Question Details AACSB : Knowledge Application Accessibility : Keyboard Navigation Bloom's : Understand Difficulty : 2 Medium Learning Objective : 01-04 Understand the importance of social responsibility, including environmenta Topic : Corporate Social Responsibility and Sustainability Source : Chapter 01 Test Bank > MC Qu. 81 Focusing on ESG criteria can enhance corpora... Version 1 37 82) The ROI on sustainability efforts can be difficult to quantify because A) an excess of necessary data for accurate calculation is readily available. B) benefits from such projects are tangible. C) the payback period is on the same time frame. D) the payback period is on a different time frame. Question Details AACSB : Analytical Thinking Accessibility : Keyboard Navigation Bloom's : Understand Difficulty : 2 Medium Learning Objective : 01-04 Understand the importance of social responsibility, including environmenta Topic : Corporate Social Responsibility and Sustainability Source : Chapter 01 Test Bank > MC Qu. 82 The ROI on sustainability efforts can be dif... 83) Sustainability programs often find their success beyond company boundaries, thus________ systems and________ metrics cannot capture all of the relevant numbers. A) external; bio B) internal; internal C) external; external D) internal; process Question Details AACSB : Analytical Thinking Accessibility : Keyboard Navigation Bloom's : Understand Difficulty : 2 Medium Learning Objective : 01-04 Understand the importance of social responsibility, including environmenta Topic : Corporate Social Responsibility and Sustainability Source : Chapter 01 Test Bank > MC Qu. 83 Sustainability programs often find their suc... Version 1 38 84) Traditional financial models are built around relatively easy-to-measure, monetized results; whereas the benefits of sustainability projects involve A) clear tangibles. B) fuzzy intangibles. C) fuzzy tangibles. D) clear intangibles. Question Details AACSB : Analytical Thinking Accessibility : Keyboard Navigation Bloom's : Understand Difficulty : 2 Medium Learning Objective : 01-04 Understand the importance of social responsibility, including environmenta Topic : Corporate Social Responsibility and Sustainability Source : Chapter 01 Test Bank > MC Qu. 84 Traditional financial models are built aroun... 85) The case for sustainability projects needs to be made on the basis of a more holistic and comprehensive understanding of all the________ and________ benefits. A) measurable; physical B) tangible; intangible C) financial; physical D) measurable; unmeasurable Question Details AACSB : Analytical Thinking Accessibility : Keyboard Navigation Bloom's : Understand Difficulty : 2 Medium Learning Objective : 01-04 Understand the importance of social responsibility, including environmenta Topic : Corporate Social Responsibility and Sustainability Source : Chapter 01 Test Bank > MC Qu. 85 The case for sustainability projects needs t... Version 1 39 86) Some benefits of sustainability projects include A) reducing risks. B) lagging behind regulations. C) displeasing communities. D) ignoring employee morale. Question Details AACSB : Knowledge Application Accessibility : Keyboard Navigation Bloom's : Remember Difficulty : 1 Easy Learning Objective : 01-04 Understand the importance of social responsibility, including environmenta Topic : Corporate Social Responsibility and Sustainability Source : Chapter 01 Test Bank > MC Qu. 86 Some benefits of sustainability projects inc... 87) ESG funds in the United States state that they invest in ethical firms and projects. In Europe ESG funds assure substantial compliance with the ideas of ESG investing by A) measuring the return on investment. B) detailing how the fund addresses stakeholder expectations of return on investment. C) describing exactly how the fund addresses the social and environmental issues. D) monitoring the size of the investment fund. Question Details AACSB : Analytical Thinking Accessibility : Keyboard Navigation Bloom's : Understand Difficulty : 2 Medium Learning Objective : 01-04 Understand the importance of social responsibility, including environmenta Topic : Corporate Social Responsibility and Sustainability Source : Chapter 01 Test Bank > MC Qu. 87 ESG funds in the United States state that th... Version 1 40 88) Many organizations have a large number of functional areas with very diverse and sometimes competing interests. Such organizations will be most effective if A) each functional area focuses on achieving their own goals. B) goals are defined at the bottom and implemented at the top. C) management and employees have separate goals. D) functional areas work together to attain overall goals. Question Details AACSB : Analytical Thinking Accessibility : Keyboard Navigation Bloom's : Understand Difficulty : 2 Medium Learning Objective : 01-05 Recognize the need for greater empowerment throughout the organization. Topic : Value of Strategic Leadership Source : Chapter 01 Test Bank > MC Qu. 88 Many organizations have a large number of fu... 89) Strategy formulation and implementation is a challenging ongoing process. To be effective, it should not involve A) the CEO and the board of directors. B) the board of directors, CEO, and CFO. C) rivals. D) line and staff managers. Question Details AACSB : Analytical Thinking Accessibility : Keyboard Navigation Bloom's : Understand Difficulty : 2 Medium Learning Objective : 01-05 Recognize the need for greater empowerment throughout the organization. Topic : Value of Strategic Leadership Source : Chapter 01 Test Bank > MC Qu. 89 Strategy formulation and implementation is a... Version 1 41 90) The text argues that a strategic perspective in an organization should be emphasized A) at the top of the organization. B) throughout the organization. C) at the middle of the organization. D) from the bottom up. Question Details AACSB : Analytical Thinking Accessibility : Keyboard Navigation Bloom's : Understand Difficulty : 2 Medium Learning Objective : 01-05 Recognize the need for greater empowerment throughout the organization. Topic : Value of Strategic Leadership Source : Chapter 01 Test Bank > MC Qu. 90 The text argues that a strategic perspective... 91) Peter Senge, of MIT, recognized three types of leaders.________ are individuals that, although having little positional power and formal authority, generate their power through the conviction and clarity of their ideas. A) Local line leaders B) Executive leaders C) Internal networkers D) Shop floor leaders Question Details AACSB : Knowledge Application Accessibility : Keyboard Navigation Bloom's : Remember Difficulty : 1 Easy Learning Objective : 01-05 Recognize the need for greater empowerment throughout the organization. Topic : Value of Strategic Leadership Source : Chapter 01 Test Bank > MC Qu. 91 Peter Senge, of MIT, recognized three types ... Version 1 42 92) Peter Senge, of MIT, recognized three types of leaders. Which of the following describes individuals who champion and guide ideas, create learning infrastructure, and establish a domain for taking action? A) local line leaders B) executive leaders C) internal networkers D) shop floor leaders Question Details AACSB : Knowledge Application Accessibility : Keyboard Navigation Bloom's : Remember Difficulty : 1 Easy Learning Objective : 01-05 Recognize the need for greater empowerment throughout the organization. Topic : Value of Strategic Leadership Source : Chapter 01 Test Bank > MC Qu. 92 Peter Senge, of MIT, recognized three types ... 93) Leadership is a necessary (but not sufficient) condition for organizational success. Leaders should emerge at which level(s) of an organization? A) throughout the organization B) in the middle C) only at the top D) only during times of change Question Details AACSB : Analytical Thinking Accessibility : Keyboard Navigation Bloom's : Understand Difficulty : 2 Medium Learning Objective : 01-05 Recognize the need for greater empowerment throughout the organization. Topic : Value of Strategic Leadership Source : Chapter 01 Test Bank > MC Qu. 93 Leadership is a necessary (but not sufficien... Version 1 43 94) Local line leaders have________ responsibility. A) local B) executive C) no D) profit-and-loss Question Details AACSB : Knowledge Application Accessibility : Keyboard Navigation Bloom's : Remember Difficulty : 1 Easy Learning Objective : 01-05 Recognize the need for greater empowerment throughout the organization. Topic : Value of Strategic Leadership Source : Chapter 01 Test Bank > MC Qu. 94 Local line leaders have ________ responsibil... 95) Internal networks generate their power through the________and________ of their ideas. A) validity; correctness B) conviction; clarity C) validation; recognition D) approval; awareness Question Details AACSB : Knowledge Application Accessibility : Keyboard Navigation Bloom's : Understand Difficulty : 2 Medium Learning Objective : 01-05 Recognize the need for greater empowerment throughout the organization. Topic : Value of Strategic Leadership Source : Chapter 01 Test Bank > MC Qu. 95 Internal networks generate their power throu... 96) Executive leaders champion and guide ideas by A) reinforcing ideas that did not work. B) increasing their personal power. C) validating their formal authority. D) creating a learning infrastructure. Question Details AACSB : Analytical Thinking Accessibility : Keyboard Navigation Bloom's : Understand Difficulty : 2 Medium Learning Objective : 01-05 Recognize the need for greater empowerment throughout the organization. Topic : Value of Strategic Leadership Source : Chapter 01 Test Bank > MC Qu. 96 Executive leaders champion and guide ideas b... Version 1 44 97) Richard Branson, founder of the Virgin Group, empowers his companies through a(n)________ structure in which anyone can bring forth new ideas. A) formal B) hierarchal C) multi-level D) informal Question Details AACSB : Analytical Thinking Accessibility : Keyboard Navigation Bloom's : Understand Difficulty : 2 Medium Learning Objective : 01-05 Recognize the need for greater empowerment throughout the organization. Topic : Value of Strategic Leadership Source : Chapter 01 Test Bank > MC Qu. 97 Richard Branson, founder of the Virgin Group... 98) To inculcate a strategic management perspective, managers must create management________ to foster change. A) processes B) buy-back C) structures D) edicts Question Details AACSB : Analytical Thinking Accessibility : Keyboard Navigation Bloom's : Understand Difficulty : 2 Medium Learning Objective : 01-05 Recognize the need for greater empowerment throughout the organization. Topic : Value of Strategic Leadership Source : Chapter 01 Test Bank > MC Qu. 98 To inculcate a strategic management perspect... Version 1 45 99) Netflix inculcates a strategic management perspective by A) emphasizing transparency. B) creating an environment of non-sharing. C) obliging a top-down management style. D) training only high potential employees. Question Details AACSB : Analytical Thinking Accessibility : Keyboard Navigation Bloom's : Understand Difficulty : 2 Medium Learning Objective : 01-05 Recognize the need for greater empowerment throughout the organization. Topic : Value of Strategic Leadership Source : Chapter 01 Test Bank > MC Qu. 99 Netflix inculcates a strategic management pe... 100) For strategic management to be effective in achieving organizational goals, A) people throughout the organization must work in isolation. B) top managers only take an integrative, strategic perspective. C) leaders alone are responsible for the organizational outcome. D) people throughout the organization must strive toward overall goals. Question Details AACSB : Analytical Thinking Accessibility : Keyboard Navigation Bloom's : Understand Difficulty : 2 Medium Learning Objective : 01-05 Recognize the need for greater empowerment throughout the organization. Topic : Value of Strategic Leadership Source : Chapter 01 Test Bank > MC Qu. 100 For strategic management to be effective in ... Version 1 46 101) Richard Branson of the Virgin Group believes that the________ of a person should not dictate the level of influence their ideas should be accorded. A) age B) seniority C) position D) education Question Details AACSB : Analytical Thinking Accessibility : Keyboard Navigation Bloom's : Understand Difficulty : 2 Medium Learning Objective : 01-05 Recognize the need for greater empowerment throughout the organization. Topic : Value of Strategic Leadership Source : Chapter 01 Test Bank > MC Qu. 101 Richard Branson of the Virgin Group believes... 102) In the 1.3 Strategy Spotlight regarding performance problems at General Electric, which of the following contributed significantly to the downfall of GE and eventually saw it split into three companies? A) Top executives presented gloomy sales statistics. B) Low-level executives were overpaid. C) Top-level executives encouraged top-down and bottom-up communication. D) Top-level executives ignored lower-level executive poor performance warnings. Question Details AACSB : Knowledge Application Accessibility : Keyboard Navigation Bloom's : Remember Difficulty : 1 Easy Learning Objective : 01-05 Recognize the need for greater empowerment throughout the organization. Topic : Value of Strategic Leadership Source : Chapter 01 Test Bank > MC Qu. 102 In the 1.3 Strategy Spotlight regarding perf... Version 1 47 103) The hierarchy of organizational goals is in the following order (least specific to most specific): A) vision statements, strategic objectives, mission statements. B) vision statements, mission statements, strategic objectives. C) mission statement