Question 1

Feelings of personal responsibility for a project are most likely to lead to

Accepted Answer

A)  prior hypothesis biases. 
B)  escalating commitment. 
C)  reasoning by analogy. 
D)  representativeness. 
E)  ivory tower planning. 
A)  prior hypothesis biases. 
B)  escalating commitment. 
C)  reasoning by analogy. 
D)  representativeness. 
E)  ivory tower planning.

Question 2

To increase shareholder value,managers must pursue strategies that increase revenue and market share,whether the results are profitable or not.

Accepted Answer

A) True 
 B)False

Question 3

The scenario approach to strategic planning involves

Accepted Answer

A)  devising plans for coping with a number of different possible future states of the world. 
B)  homing in on a single prediction of future demand conditions using an iterative planning process. 
C)  functional managers setting key corporate objectives. 
D)  using computers to build virtual worlds for top-level managers. 
E)  making planning the exclusive domain of top-level managers. 
A)  devising plans for coping with a number of different possible future states of the world. 
B)  homing in on a single prediction of future demand conditions using an iterative planning process. 
C)  functional managers setting key corporate objectives. 
D)  using computers to build virtual worlds for top-level managers. 
E)  making planning the exclusive domain of top-level managers.

Question 4

The principal driver(s)of shareholder value is (are)

Accepted Answer

A)  profitability. 
B)  profit growth. 
C)  market share. 
D)  profitability and profit growth. 
E)  all of these choices. 
A)  profitability. 
B)  profit growth. 
C)  market share. 
D)  profitability and profit growth. 
E)  all of these choices.

Question 5

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 6

The traditional planning model suggests that a company's strategies are the result of a plan from a highly structured process orchestrated by top management.

Accepted Answer

A) True 
 B)False

Question 7

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

Accepted Answer

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

Question 8

SWOT analysis is implemented to fine-tune strategies.

Accepted Answer

A) True 
 B)False

Question 9

Roza Munoz is the head of Maxwell House Coffee,a division of the Kraft Foods Company.Which of the following is not likely to be one of Ms.Munoz's responsibilities?

Accepted Answer

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

Question 10

In the typical scenario planning exercise,

Accepted Answer

A)  most scenarios are pessimistic. 
B)  most scenarios are optimistic. 
C)  some scenarios are optimistic and some scenarios are pessimistic. 
D)  only worst-case outcomes should be considered. 
E)  only best-case outcomes should be considered. 
A)  most scenarios are pessimistic. 
B)  most scenarios are optimistic. 
C)  some scenarios are optimistic and some scenarios are pessimistic. 
D)  only worst-case outcomes should be considered. 
E)  only best-case outcomes should be considered.

Question 11

Vice President Chung is responsible for executing decisions about human resources.Ms.Chung is

Accepted Answer

A)  a corporate-level general manager. 
B)  both a corporate- and business-level general manager. 
C)  a business-level general manager. 
D)  a functional manager. 
E)  a corporate-level, business-level, and functional manager. 
A)  a corporate-level general manager. 
B)  both a corporate- and business-level general manager. 
C)  a business-level general manager. 
D)  a functional manager. 
E)  a corporate-level, business-level, and functional manager.

Question 12

Strategic leadership is about

Accepted Answer

A)  strategy formulation. 
B)  strategy implementation. 
C)  how to effectively manage a company's strategy and create competitive advantage. 
D)  establishing effective contract processes. 
E)  reducing a company's operating costs. 
A)  strategy formulation. 
B)  strategy implementation. 
C)  how to effectively manage a company's strategy and create competitive advantage. 
D)  establishing effective contract processes. 
E)  reducing a company's operating costs.

Question 13

Julie is the marketing manager at Mountain Productions,Inc.When Sarah,one of her subodinates,told Julie that her father had passed away,Julie felt sympathy for Sarah because she could relate to what she was experiencing; Julie had lost her father 6 months prior.Julie felt _______ for Sarah.

Accepted Answer

A)  an availability error 
B)  self-awareness 
C)  self-regulation 
D)  motivation 
E)  empathy 
A)  an availability error 
B)  self-awareness 
C)  self-regulation 
D)  motivation 
E)  empathy

Question 14

An important first step in the process of formulating a company's mission is to

Accepted Answer

A)  describe the technological processor. 
B)  identify the customer segment served by the company. 
C)  answer the question, "What is our business?" 
D)  decide what the company will be like ten years from now. 
E)  evaluate the company's most recent performance. 
A)  describe the technological processor. 
B)  identify the customer segment served by the company. 
C)  answer the question, "What is our business?" 
D)  decide what the company will be like ten years from now. 
E)  evaluate the company's most recent performance.

Question 15

Jeffrey Pfeffer believes that a manager's political power comes from his or her control over

Accepted Answer

A)  employees' paychecks. 
B)  the firm's strategic vision. 
C)  important organizational resources. 
D)  internal communication channels. 
E)  the company's website. 
A)  employees' paychecks. 
B)  the firm's strategic vision. 
C)  important organizational resources. 
D)  internal communication channels. 
E)  the company's website.

Question 16

Describe at least three of the cognitive biases that individual decision makers experience.Then describe a real or hypothetical situation for each of the three biases,explaining how the bias is evident in the situation.

Accepted Answer

The prior hypothesis bias claims that in

Question 17

Scenario-based planning is a technique for coping with the problem of

Accepted Answer

A)  uncertainty. 
B)  planning equilibrium. 
C)  bottom-up planning. 
D)  strategic fit. 
E)  cognitive bias. 
A)  uncertainty. 
B)  planning equilibrium. 
C)  bottom-up planning. 
D)  strategic fit. 
E)  cognitive bias.

Question 18

Fortunately,the concepts vision and mission can be used interchangeably.

Accepted Answer

A) True 
 B)False

Question 19

General managers are found

Accepted Answer

A)  only at the corporate level. 
B)  only at the business level. 
C)  only at the functional and business levels. 
D)  at the functional, business, and corporate levels. 
E)  only at the corporate and business levels. 
A)  only at the corporate level. 
B)  only at the business level. 
C)  only at the functional and business levels. 
D)  at the functional, business, and corporate levels. 
E)  only at the corporate and business levels.

Feelings of personal responsibility for a project are most likely to lead to

To increase shareholder value,managers must pursue strategies that increase revenue and market share,whether the results are profitable or not.

The scenario approach to strategic planning involves

The principal driver(s)of shareholder value is (are)

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

The traditional planning model suggests that a company's strategies are the result of a plan from a highly structured process orchestrated by top management.

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

SWOT analysis is implemented to fine-tune strategies.

Roza Munoz is the head of Maxwell House Coffee,a division of the Kraft Foods Company.Which of the following is not likely to be one of Ms.Munoz's responsibilities?

In the typical scenario planning exercise,

Vice President Chung is responsible for executing decisions about human resources.Ms.Chung is

Strategic leadership is about

Julie is the marketing manager at Mountain Productions,Inc.When Sarah,one of her subodinates,told Julie that her father had passed away,Julie felt sympathy for Sarah because she could relate to what she was experiencing; Julie had lost her father 6 months prior.Julie felt _______ for Sarah.

An important first step in the process of formulating a company's mission is to

Jeffrey Pfeffer believes that a manager's political power comes from his or her control over

Describe at least three of the cognitive biases that individual decision makers experience.Then describe a real or hypothetical situation for each of the three biases,explaining how the bias is evident in the situation.

Scenario-based planning is a technique for coping with the problem of

Fortunately,the concepts vision and mission can be used interchangeably.

General managers are found

External Analysis: The Identification of Opportunities and Threats

Internal Analysis: Distinctive Competencies, Competitive Advantage, and Profitability

Building Competitive Advantage Through Functional-Level Strategy

Building Competitive Advantage Through 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 in Companies That Compete in a Single Industry

Implementing Strategy in Companies That Compete Across Industries and Countries

Filters

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

Feelings of personal responsibility for a project are most likely to lead to

To increase shareholder value,managers must pursue strategies that increase revenue and market share,whether the results are profitable or not.

The scenario approach to strategic planning involves

The principal driver(s)of shareholder value is (are)

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

The traditional planning model suggests that a company's strategies are the result of a plan from a highly structured process orchestrated by top management.

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

SWOT analysis is implemented to fine-tune strategies.

Roza Munoz is the head of Maxwell House Coffee,a division of the Kraft Foods Company.Which of the following is not likely to be one of Ms.Munoz's responsibilities?

In the typical scenario planning exercise,

Vice President Chung is responsible for executing decisions about human resources.Ms.Chung is

Strategic leadership is about

Julie is the marketing manager at Mountain Productions,Inc.When Sarah,one of her subodinates,told Julie that her father had passed away,Julie felt sympathy for Sarah because she could relate to what she was experiencing; Julie had lost her father 6 months prior.Julie felt _______ for Sarah.

An important first step in the process of formulating a company's mission is to

Jeffrey Pfeffer believes that a manager's political power comes from his or her control over

Describe at least three of the cognitive biases that individual decision makers experience.Then describe a real or hypothetical situation for each of the three biases,explaining how the bias is evident in the situation.

Scenario-based planning is a technique for coping with the problem of

Fortunately,the concepts vision and mission can be used interchangeably.

General managers are found

External Analysis: The Identification of Opportunities and Threats

Internal Analysis: Distinctive Competencies, Competitive Advantage, and Profitability

Building Competitive Advantage Through Functional-Level Strategy

Building Competitive Advantage Through 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 in Companies That Compete in a Single Industry

Implementing Strategy in Companies That Compete Across Industries and Countries

Filters