Question 1

As a strategic leader, what actions could you take to establish and emphasize ethical practices in your firm?

Accepted Answer

Ethical practices should be institutiona

Question 2

The CEO is the individual with primary responsibility for effective strategic leadership within an organization.

Accepted Answer

A) True 
 B)False

Question 3

The more heterogeneous the top management team, the:

Accepted Answer

A)  more difficult it will be for the team to implement strategies. 
B)  more likely it is that the team will be cohesive. 
C)  less innovative the team's decisions will tend to be. 
D)  less diverse the team membership will be. 
A)  more difficult it will be for the team to implement strategies. 
B)  more likely it is that the team will be cohesive. 
C)  less innovative the team's decisions will tend to be. 
D)  less diverse the team membership will be.

Question 4

Determining the strategic direction of a firm involves:

Accepted Answer

A)  implementation of a balanced scorecard. 
B)  developing an entrepreneurial mind-set. 
C)  specifying the vision and the strategy to achieve that vision. 
D)  exploiting and maintaining core competencies. 
A)  implementation of a balanced scorecard. 
B)  developing an entrepreneurial mind-set. 
C)  specifying the vision and the strategy to achieve that vision. 
D)  exploiting and maintaining core competencies.

Question 5

The top management team at Ingenuity, Inc., has assigned a team of scientists to a multiyear project to investigate the viability of growing large amounts of fur from cloned cells of minks and foxes to produce no-kill fur products for coats and other clothing items.This idea would satisfy all of the following dimensions of the entrepreneurial mind-set EXCEPT:

Accepted Answer

A)  innovativeness. 
B)  risk taking. 
C)  proactiveness. 
D)  competitive autonomy. 
A)  innovativeness. 
B)  risk taking. 
C)  proactiveness. 
D)  competitive autonomy.

Question 6

Discuss how the managerial succession process and the composition of the top management team interact to affect strategy.

Accepted Answer

Internal labor markets represent the opp

Question 7

Which of the following is NOT a benefit to the firm using the internal labor market to select a new CEO?

Accepted Answer

A)  Internal hiring results in an increased level of innovation. 
B)  Insiders are familiar with the firm's products, markets, technologies, and operating procedures. 
C)  Use of the internal labor market reduces turnover among existing employees. 
D)  Insiders are more familiar with a firm's operating procedures. 
A)  Internal hiring results in an increased level of innovation. 
B)  Insiders are familiar with the firm's products, markets, technologies, and operating procedures. 
C)  Use of the internal labor market reduces turnover among existing employees. 
D)  Insiders are more familiar with a firm's operating procedures.

Question 8

Typically, a vice president would NOT be considered to hold a high enough position to be included in the top management team of an organization.

Accepted Answer

A) True 
 B)False

Question 9

Criteria for reevaluating internal business processes using the balanced scorecard include all of the following EXCEPT:

Accepted Answer

A)  asset utilization improvements. 
B)  improvements in employee morale. 
C)  increases in employee skills. 
D)  changes in turnover rates. 
A)  asset utilization improvements. 
B)  improvements in employee morale. 
C)  increases in employee skills. 
D)  changes in turnover rates.

Question 10

The decision-making discretion of top-level managers is determined partly by external environmental sources such as the industry structure, the rate of market growth in the firm's primary industry, and the degree to which products can be differentiated.

Accepted Answer

A) True 
 B)False

Question 11

A CEO gains power from all of the following circumstances EXCEPT:

Accepted Answer

A)  when many of the outside directors are appointed by the CEO. 
B)  when the CEO is also the chairman of the board. 
C)  when tenure of the top management team is shorter than the tenure of the board. 
D)  the fact that inside board members report to the CEO. 
A)  when many of the outside directors are appointed by the CEO. 
B)  when the CEO is also the chairman of the board. 
C)  when tenure of the top management team is shorter than the tenure of the board. 
D)  the fact that inside board members report to the CEO.

Question 12

Strategic leaders are most likely to integrate ethical values into their decisions when the company has explicit ethics codes that are integrated into the business through extensive ethics training.

Accepted Answer

A) True 
 B)False

Question 13

Strategic leadership is the ability to anticipate, envision, maintain flexibility, and empower others to create strategic change as necessary.

Accepted Answer

A) True 
 B)False

Question 14

Chaymark Ltd.has successfully shared complementary resources with other firms.Chaymark has achieved a level of transparency with those firms that has created trust and will enable additional sharing of resources in the future.What type of capital has Chaymark developed and used?

Accepted Answer

A)  Human 
B)  Social 
C)  Financial 
D)  Organizational 
A)  Human 
B)  Social 
C)  Financial 
D)  Organizational

Question 15

For 15 years, Edward was a compensation specialist at a mid-sized firm.He was laid off when the firm experienced financial setbacks.Edward has decided to open his own business as a compensation consultant to small firms.He can expect that his main source of human capital will be a bank line of credit.

Accepted Answer

A) True 
 B)False

Question 16

As the dynamics of competition accelerate, people become a highly significant source of competitive advantage.

Accepted Answer

A) True 
 B)False

Question 17

The firm's envisioned future encourages employees to stretch beyond their expectations of accomplishment and requires significant change and progress to be realized.

Accepted Answer

A) True 
 B)False

Question 18

Human capital refers to the:

Accepted Answer

A)  the net present value of the future competencies of the workforce. 
B)  the amount of money purchasers of the firm would pay for the continuing employment of the present workforce. 
C)  the value that the firm's workforce contributes to each product produced or service rendered. 
D)  knowledge and skills of a firm's entire workforce. 
A)  the net present value of the future competencies of the workforce. 
B)  the amount of money purchasers of the firm would pay for the continuing employment of the present workforce. 
C)  the value that the firm's workforce contributes to each product produced or service rendered. 
D)  knowledge and skills of a firm's entire workforce.

Question 19

Monahegan Plasma Company is facing a performance downturn and realizes that a major rethinking of its strategy is in order.Under these circumstances, Monahegan Plasma would benefit from a(n):

Accepted Answer

A)  internal CEO with short tenure. 
B)  external CEO with a heterogeneous top management team. 
C)  dual CEO/chairperson with a homogenous top management team. 
D)  CEO with long tenure who has a strong sense of hubris. 
A)  internal CEO with short tenure. 
B)  external CEO with a heterogeneous top management team. 
C)  dual CEO/chairperson with a homogenous top management team. 
D)  CEO with long tenure who has a strong sense of hubris.

Question 20

The premise of the balanced scorecard is that firms jeopardize future performance possibilities when they:

Accepted Answer

A)  overemphasize financial controls and neglect strategic controls. 
B)  overemphasize strategic controls and neglect financial controls. 
C)  overemphasize strategic and financial controls and neglect ethical controls. 
D)  neglect short-term controls of all kinds in favor of long-term strategic controls. 
A)  overemphasize financial controls and neglect strategic controls. 
B)  overemphasize strategic controls and neglect financial controls. 
C)  overemphasize strategic and financial controls and neglect ethical controls. 
D)  neglect short-term controls of all kinds in favor of long-term strategic controls.

As a strategic leader, what actions could you take to establish and emphasize ethical practices in your firm?

The CEO is the individual with primary responsibility for effective strategic leadership within an organization.

The more heterogeneous the top management team, the:

Determining the strategic direction of a firm involves:

Discuss how the managerial succession process and the composition of the top management team interact to affect strategy.

Which of the following is NOT a benefit to the firm using the internal labor market to select a new CEO?

Typically, a vice president would NOT be considered to hold a high enough position to be included in the top management team of an organization.

Criteria for reevaluating internal business processes using the balanced scorecard include all of the following EXCEPT:

The decision-making discretion of top-level managers is determined partly by external environmental sources such as the industry structure, the rate of market growth in the firm's primary industry, and the degree to which products can be differentiated.

A CEO gains power from all of the following circumstances EXCEPT:

Strategic leaders are most likely to integrate ethical values into their decisions when the company has explicit ethics codes that are integrated into the business through extensive ethics training.

Strategic leadership is the ability to anticipate, envision, maintain flexibility, and empower others to create strategic change as necessary.

Chaymark Ltd.has successfully shared complementary resources with other firms.Chaymark has achieved a level of transparency with those firms that has created trust and will enable additional sharing of resources in the future.What type of capital has Chaymark developed and used?

As the dynamics of competition accelerate, people become a highly significant source of competitive advantage.

The firm's envisioned future encourages employees to stretch beyond their expectations of accomplishment and requires significant change and progress to be realized.

Human capital refers to the:

Monahegan Plasma Company is facing a performance downturn and realizes that a major rethinking of its strategy is in order.Under these circumstances, Monahegan Plasma would benefit from a(n):

The premise of the balanced scorecard is that firms jeopardize future performance possibilities when they:

Strategic Management and Strategic Competitiveness

The External Environment: Opportunities, Threats, Industry Competition, and Competitor Analysis

The Internal Organization: Resources, Capabilities, Core Competencies, and Competitive Advantages

Business-Level Strategy

Competitive Rivalry and Competitive Dynamics

Corporate-Level Strategy

Merger and Acquisition Strategies

International Strategy

Cooperative Strategy

Corporate Governance

Organizational Structure and Controls

Strategic Entrepreneurship

Filters

Exam 12: Strategic Leadership

As a strategic leader, what actions could you take to establish and emphasize ethical practices in your firm?

The CEO is the individual with primary responsibility for effective strategic leadership within an organization.

The more heterogeneous the top management team, the:

Determining the strategic direction of a firm involves:

Discuss how the managerial succession process and the composition of the top management team interact to affect strategy.

Which of the following is NOT a benefit to the firm using the internal labor market to select a new CEO?

Typically, a vice president would NOT be considered to hold a high enough position to be included in the top management team of an organization.

Criteria for reevaluating internal business processes using the balanced scorecard include all of the following EXCEPT:

The decision-making discretion of top-level managers is determined partly by external environmental sources such as the industry structure, the rate of market growth in the firm's primary industry, and the degree to which products can be differentiated.

A CEO gains power from all of the following circumstances EXCEPT:

Strategic leaders are most likely to integrate ethical values into their decisions when the company has explicit ethics codes that are integrated into the business through extensive ethics training.

Strategic leadership is the ability to anticipate, envision, maintain flexibility, and empower others to create strategic change as necessary.

Chaymark Ltd.has successfully shared complementary resources with other firms.Chaymark has achieved a level of transparency with those firms that has created trust and will enable additional sharing of resources in the future.What type of capital has Chaymark developed and used?

As the dynamics of competition accelerate, people become a highly significant source of competitive advantage.

The firm's envisioned future encourages employees to stretch beyond their expectations of accomplishment and requires significant change and progress to be realized.

Human capital refers to the:

Monahegan Plasma Company is facing a performance downturn and realizes that a major rethinking of its strategy is in order.Under these circumstances, Monahegan Plasma would benefit from a(n):

The premise of the balanced scorecard is that firms jeopardize future performance possibilities when they:

Strategic Management and Strategic Competitiveness

The External Environment: Opportunities, Threats, Industry Competition, and Competitor Analysis

The Internal Organization: Resources, Capabilities, Core Competencies, and Competitive Advantages

Business-Level Strategy

Competitive Rivalry and Competitive Dynamics

Corporate-Level Strategy

Merger and Acquisition Strategies

International Strategy

Cooperative Strategy

Corporate Governance

Organizational Structure and Controls

Strategic Entrepreneurship

Filters