Question 1

Which of these principal factors helps increase shareholder value?

Accepted Answer

A) profitability. 
B) risk factors. 
C) low brand awareness. 
D) government regulations. 
E) high production costs. 
A) profitability. 
B) risk factors. 
C) low brand awareness. 
D) government regulations. 
E) high production costs.

Question 2

A strategy can be defined as a set of related actions that managers take to increase their company's performance.

Accepted Answer

A) True 
 B)False

Question 3

Which of the following statements is true about the feedback loop in the context of strategy implementation?

Accepted Answer

A) It provides managers with input for the next round of strategy formulation and implementation. 
B) It emerges within an organization without prior planning, and in response to unforeseen circumstances. 
C) It cannot reveal whether or not a business model is working. 
D) It carries information from corporate level managers to functional level managers. 
E) It indicates that the strategy implementation process has ended. 
A) It provides managers with input for the next round of strategy formulation and implementation. 
B) It emerges within an organization without prior planning, and in response to unforeseen circumstances. 
C) It cannot reveal whether or not a business model is working. 
D) It carries information from corporate level managers to functional level managers. 
E) It indicates that the strategy implementation process has ended.

Question 4

Roza Munoz oversees the overall operations of Maxwell Coffee House which is one of the divisions of Kraft Foods Company.Roza is also responsible for the overall performance of the business division.Which of the following is not likely to be one of Roza's responsibilities?

Accepted Answer

A) Turning corporate-level strategy into action 
B) Defining Kraft Food's mission statement 
C) Deciding how to compete in the coffee industry 
D) Supervising functional-level managers 
E) Developing a business-level strategy 
A) Turning corporate-level strategy into action 
B) Defining Kraft Food's mission statement 
C) Deciding how to compete in the coffee industry 
D) Supervising functional-level managers 
E) Developing a business-level strategy

Question 5

Evidence suggests that the best way to maximize the long-run return to shareholders is to focus on:

Accepted Answer

A) increasing prices. 
B) research & development goals. 
C) satisfying customer needs and making sure employees are treated fairly. 
D) compensating managers well. 
E) maximizing employee overtime. 
A) increasing prices. 
B) research & development goals. 
C) satisfying customer needs and making sure employees are treated fairly. 
D) compensating managers well. 
E) maximizing employee overtime.

Question 6

Identify and discuss the criticisms of the traditional strategic planning process and why it is useful to view strategy as an emergent process.

Accepted Answer

The traditional planning process is view

Question 7

Rebecca,a manager,was very annoyed after noticing several negligent errors in a critical report.However,while talking to the subordinate who created the report,Rebecca was calm and composed; she did not act impulsively and lose her temper.Which of the following aspects of emotional intelligence is illustrated in this scenario?

Accepted Answer

A) Self-awareness 
B) Self-regulation 
C) Motivation 
D) Empathy 
E) Social skills 
A) Self-awareness 
B) Self-regulation 
C) Motivation 
D) Empathy 
E) Social skills

Question 8

The great virtue of scenario planning is that managers must think outside of the box to anticipate what they might do in different situations.

Accepted Answer

A) True 
 B)False

Question 9

Which of the following statements is true about nonprofit organizations?

Accepted Answer

A) They compete with each other for resources. 
B) Their ultimate aim is to maximize shareholder value in order to attract risk capital. 
C) Their managers do not need to develop careful strategies, because making a profit is not the organization's goal. 
D) They do not have to worry about exceeding budgets. 
E) They seldom set any performance goals like profit-making organizations do. 
A) They compete with each other for resources. 
B) Their ultimate aim is to maximize shareholder value in order to attract risk capital. 
C) Their managers do not need to develop careful strategies, because making a profit is not the organization's goal. 
D) They do not have to worry about exceeding budgets. 
E) They seldom set any performance goals like profit-making organizations do.

Question 10

Which of the following is the organization's principal general manager?

Accepted Answer

A) Line manager 
B) Marketing division head 
C) CFO 
D) CEO 
E) Sales manager 
A) Line manager 
B) Marketing division head 
C) CFO 
D) CEO 
E) Sales manager

Question 11

The mission of a company lays out some desired future state and articulates what the company would like to achieve.

Accepted Answer

A) True 
 B)False

Question 12

A company's mission:

Accepted Answer

A) describes the marketing strategies the company intends to use to sell its products. 
B) outlines the manner in which employees and managers should conduct themselves. 
C) defines the manner in which strategies will be developed and goals achieved. 
D) describes what the company does. 
E) describes the benefits offered to the shareholders. 
A) describes the marketing strategies the company intends to use to sell its products. 
B) outlines the manner in which employees and managers should conduct themselves. 
C) defines the manner in which strategies will be developed and goals achieved. 
D) describes what the company does. 
E) describes the benefits offered to the shareholders.

Question 13

Which of the following is not a cognitive bias?

Accepted Answer

A) Escalating commitment 
B) Reasoning by analogy 
C) Ivory tower thinking 
D) Representativeness 
E) Illusion of control 
A) Escalating commitment 
B) Reasoning by analogy 
C) Ivory tower thinking 
D) Representativeness 
E) Illusion of control

Question 14

Well-constructed goals provide a means by which the performance of managers can be evaluated.

Accepted Answer

A) True 
 B)False

Question 15

Which of the following statements is true about strategic leadership?

Accepted Answer

A) It is the primary responsibility of the functional managers of an organization. 
B) It does not take into account the task of maximizing shareholder value. 
C) It is involved with making decisions regarding how to create a competitive advantage. 
D) It is a concept that does not apply to multidivisional companies with several business units. 
E) It is essentially about supervising workers at a manufacturing unit of an organization. 
A) It is the primary responsibility of the functional managers of an organization. 
B) It does not take into account the task of maximizing shareholder value. 
C) It is involved with making decisions regarding how to create a competitive advantage. 
D) It is a concept that does not apply to multidivisional companies with several business units. 
E) It is essentially about supervising workers at a manufacturing unit of an organization.

Question 16

Emergent strategies arise from within the company as a result of prior planning.

Accepted Answer

A) True 
 B)False

Question 17

In a typical scenario planning exercise:

Accepted Answer

A) managers entirely depend on employee feedback. 
B) managers try to come up with alternative plans after a business model has failed. 
C) managers formulate plans based on 'what-if' situations about the future. 
D) managers do a 'postmortem' to understand what went wrong with a strategy. 
E) the corporate-level management sets targets for functional-level managers. 
A) managers entirely depend on employee feedback. 
B) managers try to come up with alternative plans after a business model has failed. 
C) managers formulate plans based on 'what-if' situations about the future. 
D) managers do a 'postmortem' to understand what went wrong with a strategy. 
E) the corporate-level management sets targets for functional-level managers.

Question 18

Devil's advocacy:

Accepted Answer

A) involves generating a plan and a counter-plan that reflects plausible conflicting courses of action. 
B) is an example of ivory tower planning. 
C) hides the possible perils of a recommended course of action. 
D) involves generating a plan, and a critical analysis of that plan. 
E) includes downplaying the problems that could result from implementing a particular plan . 
A) involves generating a plan and a counter-plan that reflects plausible conflicting courses of action. 
B) is an example of ivory tower planning. 
C) hides the possible perils of a recommended course of action. 
D) involves generating a plan, and a critical analysis of that plan. 
E) includes downplaying the problems that could result from implementing a particular plan .

Question 19

Which of the following is not a characteristic of emotional intelligence?

Accepted Answer

A) Self-awareness 
B) Self-regulation 
C) Escalating commitment 
D) Empathy 
E) Social skills 
A) Self-awareness 
B) Self-regulation 
C) Escalating commitment 
D) Empathy 
E) Social skills

Question 20

The concepts vision and mission can be used interchangeably.

Accepted Answer

A) True 
 B)False

Which of these principal factors helps increase shareholder value?

A strategy can be defined as a set of related actions that managers take to increase their company's performance.

Which of the following statements is true about the feedback loop in the context of strategy implementation?

Roza Munoz oversees the overall operations of Maxwell Coffee House which is one of the divisions of Kraft Foods Company.Roza is also responsible for the overall performance of the business division.Which of the following is not likely to be one of Roza's responsibilities?

Evidence suggests that the best way to maximize the long-run return to shareholders is to focus on:

Identify and discuss the criticisms of the traditional strategic planning process and why it is useful to view strategy as an emergent process.

The great virtue of scenario planning is that managers must think outside of the box to anticipate what they might do in different situations.

Which of the following statements is true about nonprofit organizations?

Which of the following is the organization's principal general manager?

The mission of a company lays out some desired future state and articulates what the company would like to achieve.

A company's mission:

Which of the following is not a cognitive bias?

Well-constructed goals provide a means by which the performance of managers can be evaluated.

Which of the following statements is true about strategic leadership?

Emergent strategies arise from within the company as a result of prior planning.

In a typical scenario planning exercise:

Devil's advocacy:

Which of the following is not a characteristic of emotional intelligence?

The concepts vision and mission can be used interchangeably.

External Analysis: The Identification of Opportunities and Threats

Internal Analysis: Resources and Competitive Advantage

Building Competitive Advantage Through Functional Level Strategies

Business Level Strategy

Business Level Strategy and the Industry Environment

Strategy and Technology

Strategy in the Global Environment

Corporate-Level Strategy: Horizontal Integration, Vertical Integration, and Strategic Outsourcing

Corporate Level Strategy: Related and Unrelated Diversification

Corporate Performance, Governance, and Business Ethics

Implementing Strategy Through Organization

Filters

Exam 1: Strategic Leadership: Managing the Strategy Making Process for Competitive Advantage

Which of these principal factors helps increase shareholder value?

A strategy can be defined as a set of related actions that managers take to increase their company's performance.

Which of the following statements is true about the feedback loop in the context of strategy implementation?

Roza Munoz oversees the overall operations of Maxwell Coffee House which is one of the divisions of Kraft Foods Company.Roza is also responsible for the overall performance of the business division.Which of the following is not likely to be one of Roza's responsibilities?

Evidence suggests that the best way to maximize the long-run return to shareholders is to focus on:

Identify and discuss the criticisms of the traditional strategic planning process and why it is useful to view strategy as an emergent process.

The great virtue of scenario planning is that managers must think outside of the box to anticipate what they might do in different situations.

Which of the following statements is true about nonprofit organizations?

Which of the following is the organization's principal general manager?

The mission of a company lays out some desired future state and articulates what the company would like to achieve.

A company's mission:

Which of the following is not a cognitive bias?

Well-constructed goals provide a means by which the performance of managers can be evaluated.

Which of the following statements is true about strategic leadership?

Emergent strategies arise from within the company as a result of prior planning.

In a typical scenario planning exercise:

Devil's advocacy:

Which of the following is not a characteristic of emotional intelligence?

The concepts vision and mission can be used interchangeably.

External Analysis: The Identification of Opportunities and Threats

Internal Analysis: Resources and Competitive Advantage

Building Competitive Advantage Through Functional Level Strategies

Business Level Strategy

Business Level Strategy and the Industry Environment

Strategy and Technology

Strategy in the Global Environment

Corporate-Level Strategy: Horizontal Integration, Vertical Integration, and Strategic Outsourcing

Corporate Level Strategy: Related and Unrelated Diversification

Corporate Performance, Governance, and Business Ethics

Implementing Strategy Through Organization

Filters