Question 1

The profit growth of a company can be measured by the increase in net profit over time.

Accepted Answer

A) True 
 B)False

Question 2

Good strategic leaders:

Accepted Answer

A)  possess a willingness to delegate and empower subordinates. 
B)  control all facets of decision-making. 
C)  make decisions without consulting others. 
D)  ensure uniformity of purpose through the authoritarian exercise of power. 
E)  are usually inconsistent in their approach. 
A)  possess a willingness to delegate and empower subordinates. 
B)  control all facets of decision-making. 
C)  make decisions without consulting others. 
D)  ensure uniformity of purpose through the authoritarian exercise of power. 
E)  are usually inconsistent in their approach.

Question 3

A business model is managers' conception of how the set of strategies their company pursues should mesh together into a congruent whole, thus enabling the company to gain a competitive advantage and achieve superior profitability and profit growth.

Accepted Answer

A) True 
 B)False

Question 4

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 5

Explain the formal strategic planning process. Name each step in the process and describe the specific activities included in each step and the relationship between the steps.

Accepted Answer

The strategy formulation portion of the

Question 6

Which of the following statements is true about competitive advantage?

Accepted Answer

A)  It is unaffected by the strategies taken by the company. 
B)  It is considered to be sustained when it lasts for three months. 
C)  It exists only when the company's profitability is greater than the ten highest grossing firms in the world. 
D)  It exists only when the company's profitability is greater than the average profitability and profit growth of its rivals. 
E)  It is seldom affected by the business model of the company. 
A)  It is unaffected by the strategies taken by the company. 
B)  It is considered to be sustained when it lasts for three months. 
C)  It exists only when the company's profitability is greater than the ten highest grossing firms in the world. 
D)  It exists only when the company's profitability is greater than the average profitability and profit growth of its rivals. 
E)  It is seldom affected by the business model of the company.

Question 7

If a company focuses on its customers and creates incentives for employee productivity, the company will likely be successful in delivering shareholder value.

Accepted Answer

A) True 
 B)False

Question 8

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 9

The feedback loop in the model of the strategic management process indicates that the process is ongoing; it never ends.

Accepted Answer

A) True 
 B)False

Question 10

A firm obtains competitive advantage when its strategy results in superior performance compared to its competitors.

Accepted Answer

A) True 
 B)False

Question 11

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 12

The values of a company state how managers and employees should conduct themselves.

Accepted Answer

A) True 
 B)False

Question 13

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 14

The final component of the strategic management process is crafting the organization's mission statement, which provides the framework or context within which strategies are formulated.

Accepted Answer

A) True 
 B)False

Question 15

Mike, the CEO of a retail chain, wanted to keep costs low. To set an example for others, he drove his own car and furnished his office with plain, metal desks. In this case, Mike was displaying:

Accepted Answer

A)  commitment. 
B)  ego. 
C)  astute use of power. 
D)  devil's advocacy. 
E)  autocratic leadership. 
A)  commitment. 
B)  ego. 
C)  astute use of power. 
D)  devil's advocacy. 
E)  autocratic leadership.

Question 16

Between 2005 and 2011, Blue Drinks, a multinational beverage corporation, increased its return on investment from $5 million to $25 million. The company was able to do this by expanding its product line to include a wider variety of flavors. The $20 million increase in its return on investment between 2005 and 2011 can be referred to as which of the following?

Accepted Answer

A)  Shareholder value 
B)  Dividend payment 
C)  Profit growth 
D)  Profitability turnover 
E)  Risk capital 
A)  Shareholder value 
B)  Dividend payment 
C)  Profit growth 
D)  Profitability turnover 
E)  Risk capital

Question 17

The concepts vision and mission can be used interchangeably.

Accepted Answer

A) True 
 B)False

Question 18

Which of the following best defines shareholder value?

Accepted Answer

A)  It refers to the returns that shareholders earn from purchasing shares in a company. 
B)  It refers to the capital invested in a company by the shareholders. 
C)  It refers to the efforts taken by a company to sell its shares to prospective shareholders. 
D)  It refers to the efforts taken by a company to buy back its shares from its shareholders. 
E)  It refers to the non-monetary benefits that a company provides to its shareholders. 
A)  It refers to the returns that shareholders earn from purchasing shares in a company. 
B)  It refers to the capital invested in a company by the shareholders. 
C)  It refers to the efforts taken by a company to sell its shares to prospective shareholders. 
D)  It refers to the efforts taken by a company to buy back its shares from its shareholders. 
E)  It refers to the non-monetary benefits that a company provides to its shareholders.

Question 19

Rules of thumb, or heuristics, always help to avoid severe and systematic errors in the decision-making process.

Accepted Answer

A) True 
 B)False

Question 20

Identify the levels of strategic managers and discuss their role in the strategic management process.

Accepted Answer

The three levels of strategic managers a

The profit growth of a company can be measured by the increase in net profit over time.

Good strategic leaders:

A business model is managers' conception of how the set of strategies their company pursues should mesh together into a congruent whole, thus enabling the company to gain a competitive advantage and achieve superior profitability and profit growth.

Which of these principal factors helps increase shareholder value?

Explain the formal strategic planning process. Name each step in the process and describe the specific activities included in each step and the relationship between the steps.

Which of the following statements is true about competitive advantage?

If a company focuses on its customers and creates incentives for employee productivity, the company will likely be successful in delivering shareholder value.

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

The feedback loop in the model of the strategic management process indicates that the process is ongoing; it never ends.

A firm obtains competitive advantage when its strategy results in superior performance compared to its competitors.

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

The values of a company state how managers and employees should conduct themselves.

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

The final component of the strategic management process is crafting the organization's mission statement, which provides the framework or context within which strategies are formulated.

Mike, the CEO of a retail chain, wanted to keep costs low. To set an example for others, he drove his own car and furnished his office with plain, metal desks. In this case, Mike was displaying:

The concepts vision and mission can be used interchangeably.

Which of the following best defines shareholder value?

Rules of thumb, or heuristics, always help to avoid severe and systematic errors in the decision-making process.

Identify the levels of strategic managers and discuss their role in the strategic management process.

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

The profit growth of a company can be measured by the increase in net profit over time.

Good strategic leaders:

A business model is managers' conception of how the set of strategies their company pursues should mesh together into a congruent whole, thus enabling the company to gain a competitive advantage and achieve superior profitability and profit growth.

Which of these principal factors helps increase shareholder value?

Explain the formal strategic planning process. Name each step in the process and describe the specific activities included in each step and the relationship between the steps.

Which of the following statements is true about competitive advantage?

If a company focuses on its customers and creates incentives for employee productivity, the company will likely be successful in delivering shareholder value.

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

The feedback loop in the model of the strategic management process indicates that the process is ongoing; it never ends.

A firm obtains competitive advantage when its strategy results in superior performance compared to its competitors.

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

The values of a company state how managers and employees should conduct themselves.

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

The final component of the strategic management process is crafting the organization's mission statement, which provides the framework or context within which strategies are formulated.

Mike, the CEO of a retail chain, wanted to keep costs low. To set an example for others, he drove his own car and furnished his office with plain, metal desks. In this case, Mike was displaying:

The concepts vision and mission can be used interchangeably.

Which of the following best defines shareholder value?

Rules of thumb, or heuristics, always help to avoid severe and systematic errors in the decision-making process.

Identify the levels of strategic managers and discuss their role in the strategic management process.

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