Exam 12: Strategic Leadership

The firm of Bergeron has existed for hundreds of years, having made exquisite clocks and watches.In its advertising it refers to clocks the firm made for such past royalty as Marie Antoinette and the czars of Russia.Employees are constantly reminded of the firm's rich history and its long tradition of excellence of design and execution.As part of its long-term strategic direction, Bergeron is motivating its employees through its:

Which of the following is NOT related to a CEO having long tenure in his or her position?

Strategic control focuses on the content of strategic actions rather than their outcomes.

Which of the following is MOST important for developing and using core competencies? What aspect of exploiting and maintaining core competencies relates directly to the effective use of human capital?

The __________ is a tool firms use to determine if they are achieving an appropriate balance when using strategic and financial controls as a means of positively influencing performance.

An example of the external labor market is the situation where:

A CEO may gain power by holding the titles of both CEO and chairman of the board.

The experience that results from long tenure in a firm is known to extend the breadth of an executive's knowledge base.

The balanced scorecard focuses on both financial and nonfinancial controls.

The training of future strategic leaders yields a competitive advantage for a firm, in part because knowledge and skills are necessary for successful execution of strategy.

Including talent from both the internal and external labor markets increases the likelihood that the firm will be able to form an effective top management team.

Compared to homogeneous top management teams, heterogeneous top management teams with an internally promoted CEO are more likely to change their firm's strategies when necessary and to support innovation.

The firm's core ideology motivates the firm's employees through the company's heritage.

An internal managerial labor market consists of a firm's opportunities for managerial positions and the qualified employees within that firm.

A characteristic of the manager that may affect managerial discretion is his/her:

Normally, the more involved a board of directors is in shaping the firm's strategic direction, the:

What condition suggests that it would be appropriate for a firm to hire a CEO from outside the firm?

When the new CEO is from inside the firm and a heterogeneous top management team is in place, the strategy may not change, but innovation is likely to continue.

Firm size, firm age, the executive's tolerance for ambiguity, and his or her commitment to strategic outcomes are all factors that may affect managerial discretion.

To successfully implement a firm's strategy, the workforce must be viewed as a: