Question 1

Top management team members and CEOs who have long tenure on the team and in the organization have a greater influence on board decisions.

Accepted Answer

A) True 
 B)False

Question 2

As a member of the board at Bered Group, strategic plan development is your number one responsibility, followed closely by succession planning.

Accepted Answer

A) True 
 B)False

Question 3

Christina is evaluating Maximum Brands as an investment opportunity.She is very concerned about future financial performance by Maximum Brands.Christina does not believe that the CEO can act as a steward.Christina will probably be most concerned if:

Accepted Answer

A)  there is CEO duality. 
B)  many of the members of the board of directors are outsiders. 
C)  the positions of chairman of the board and CEO are held by different persons. 
D)  there is an independent board leadership structure. 
A)  there is CEO duality. 
B)  many of the members of the board of directors are outsiders. 
C)  the positions of chairman of the board and CEO are held by different persons. 
D)  there is an independent board leadership structure.

Question 4

Effectively managing the firm's resource portfolio (financial, human, social, and organizational capital) is an important strategic leadership task.

Accepted Answer

A) True 
 B)False

Question 5

Firms needing to change their strategies should:

Accepted Answer

A)  create more heterogeneous top management teams. 
B)  focus on their core customer base. 
C)  implement transformational leadership. 
D)  emphasize the training and development of internal managerial talent. 
A)  create more heterogeneous top management teams. 
B)  focus on their core customer base. 
C)  implement transformational leadership. 
D)  emphasize the training and development of internal managerial talent.

Question 6

The top management team is composed of the:

Accepted Answer

A)  heterogeneous group of advisors selected by the CEO. 
B)  CEO and chairperson of the board. 
C)  key individuals who are responsible for selecting and implementing a firm's strategy. 
D)  officers listed in a firm's annual report and the board of directors. 
A)  heterogeneous group of advisors selected by the CEO. 
B)  CEO and chairperson of the board. 
C)  key individuals who are responsible for selecting and implementing a firm's strategy. 
D)  officers listed in a firm's annual report and the board of directors.

Question 7

CEO duality refers to:

Accepted Answer

A)  firms where there is both a president and a CEO. 
B)  CEOs who sit on the board of directors of other firms. 
C)  CEOs who hold office in more than one company. 
D)  the situation where the CEO is also chairperson of the board of directors. 
A)  firms where there is both a president and a CEO. 
B)  CEOs who sit on the board of directors of other firms. 
C)  CEOs who hold office in more than one company. 
D)  the situation where the CEO is also chairperson of the board of directors.

Question 8

To influence employees' judgment and behavior, ethical practices must shape the firm's decision-making process, but should be a peripheral part of organizational culture.

Accepted Answer

A) True 
 B)False

Question 9

An organization's __________ is composed of the key individuals who are responsible for selecting and implementing the firm's strategies.

Accepted Answer

A)  top management team 
B)  board of directors 
C)  keiretsu 
D)  governance circle 
A)  top management team 
B)  board of directors 
C)  keiretsu 
D)  governance circle

Question 10

Criteria, such as percentage of repeat business and improvements in innovation ability, are part of the learning and growth perspective of the balanced scorecard.

Accepted Answer

A) True 
 B)False

Question 11

Employees usually have a strong preference for firms to use the internal managerial labor market when selecting top management team members and the CEO.

Accepted Answer

A) True 
 B)False

Question 12

Strategic control focuses on the __________ of strategic actions, whereas financial controls focus on the __________ of strategic actions.

Accepted Answer

A)  revenues; costs 
B)  long-term financial outcomes; short-term financial performance 
C)  content; outcomes 
D)  outcomes; content 
A)  revenues; costs 
B)  long-term financial outcomes; short-term financial performance 
C)  content; outcomes 
D)  outcomes; content

Question 13

The more heterogeneous and the larger the top management team, the easier it is to implement strategy effectively.

Accepted Answer

A) True 
 B)False

Question 14

Research shows that a __________ is the most effective means of ensuring that employees comply with the firm's ethical standards.

Accepted Answer

A)  written code of ethics 
B)  statement in the firm's mission statement 
C)  speech on ethics by the CEO of the company 
D)  values-based culture 
A)  written code of ethics 
B)  statement in the firm's mission statement 
C)  speech on ethics by the CEO of the company 
D)  values-based culture

Question 15

Transformational leadership is considered to be one of the most effective strategic leadership styles.

Accepted Answer

A) True 
 B)False

Question 16

What is a top management team, and how does it affect a firm's performance and its abilities to innovate and design and implement effective strategic changes?

Accepted Answer

The top management team is composed of t

Question 17

The CEO of Alacore invested significant effort into expanding the firm's capabilities in technology development and marketing, especially in customer service, to give Alacore a competitive advantage over its rivals.In this situation, the CEO was reshaping capabilities into core competencies.

Accepted Answer

A) True 
 B)False

Question 18

Incremental changes to a firm's culture can be used to implement strategies effectively.

Accepted Answer

A) True 
 B)False

Question 19

What is strategic leadership, who has primary responsibility for strategic leadership, and what are the five key strategic leadership actions?

Accepted Answer

Strategic leadership is the ability to a

Question 20

It is not always beneficial to have a top-management team that is heterogeneous.While the firm benefits from debates engendered by the different viewpoints, it ultimately suffers from the lower quality of the team's decisions.

Accepted Answer

A) True 
 B)False

Top management team members and CEOs who have long tenure on the team and in the organization have a greater influence on board decisions.

As a member of the board at Bered Group, strategic plan development is your number one responsibility, followed closely by succession planning.

Christina is evaluating Maximum Brands as an investment opportunity.She is very concerned about future financial performance by Maximum Brands.Christina does not believe that the CEO can act as a steward.Christina will probably be most concerned if:

Effectively managing the firm's resource portfolio (financial, human, social, and organizational capital) is an important strategic leadership task.

Firms needing to change their strategies should:

The top management team is composed of the:

CEO duality refers to:

To influence employees' judgment and behavior, ethical practices must shape the firm's decision-making process, but should be a peripheral part of organizational culture.

An organization's __________ is composed of the key individuals who are responsible for selecting and implementing the firm's strategies.

Criteria, such as percentage of repeat business and improvements in innovation ability, are part of the learning and growth perspective of the balanced scorecard.

Employees usually have a strong preference for firms to use the internal managerial labor market when selecting top management team members and the CEO.

Strategic control focuses on the of strategic actions, whereas financial controls focus on the of strategic actions.

The more heterogeneous and the larger the top management team, the easier it is to implement strategy effectively.

Research shows that a __________ is the most effective means of ensuring that employees comply with the firm's ethical standards.

Transformational leadership is considered to be one of the most effective strategic leadership styles.

What is a top management team, and how does it affect a firm's performance and its abilities to innovate and design and implement effective strategic changes?

The CEO of Alacore invested significant effort into expanding the firm's capabilities in technology development and marketing, especially in customer service, to give Alacore a competitive advantage over its rivals.In this situation, the CEO was reshaping capabilities into core competencies.

Incremental changes to a firm's culture can be used to implement strategies effectively.

What is strategic leadership, who has primary responsibility for strategic leadership, and what are the five key strategic leadership actions?

It is not always beneficial to have a top-management team that is heterogeneous.While the firm benefits from debates engendered by the different viewpoints, it ultimately suffers from the lower quality of the team's decisions.

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

Top management team members and CEOs who have long tenure on the team and in the organization have a greater influence on board decisions.

As a member of the board at Bered Group, strategic plan development is your number one responsibility, followed closely by succession planning.

Christina is evaluating Maximum Brands as an investment opportunity.She is very concerned about future financial performance by Maximum Brands.Christina does not believe that the CEO can act as a steward.Christina will probably be most concerned if:

Effectively managing the firm's resource portfolio (financial, human, social, and organizational capital) is an important strategic leadership task.

Firms needing to change their strategies should:

The top management team is composed of the:

CEO duality refers to:

To influence employees' judgment and behavior, ethical practices must shape the firm's decision-making process, but should be a peripheral part of organizational culture.

An organization's __________ is composed of the key individuals who are responsible for selecting and implementing the firm's strategies.

Criteria, such as percentage of repeat business and improvements in innovation ability, are part of the learning and growth perspective of the balanced scorecard.

Employees usually have a strong preference for firms to use the internal managerial labor market when selecting top management team members and the CEO.

Strategic control focuses on the __________ of strategic actions, whereas financial controls focus on the __________ of strategic actions.

The more heterogeneous and the larger the top management team, the easier it is to implement strategy effectively.

Research shows that a __________ is the most effective means of ensuring that employees comply with the firm's ethical standards.

Transformational leadership is considered to be one of the most effective strategic leadership styles.

What is a top management team, and how does it affect a firm's performance and its abilities to innovate and design and implement effective strategic changes?

The CEO of Alacore invested significant effort into expanding the firm's capabilities in technology development and marketing, especially in customer service, to give Alacore a competitive advantage over its rivals.In this situation, the CEO was reshaping capabilities into core competencies.

Incremental changes to a firm's culture can be used to implement strategies effectively.

What is strategic leadership, who has primary responsibility for strategic leadership, and what are the five key strategic leadership actions?

It is not always beneficial to have a top-management team that is heterogeneous.While the firm benefits from debates engendered by the different viewpoints, it ultimately suffers from the lower quality of the team's decisions.

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

Strategic control focuses on the of strategic actions, whereas financial controls focus on the of strategic actions.