Question 1

Which of the following dimensions is encompassed by a company's business model?

Accepted Answer

A) Configuring resources 
B) Avoiding focus on acquiring new customers 
C) Reducing emphasis on product quality 
D) Maintaining high costs 
E) Restricting growth 
A) Configuring resources 
B) Avoiding focus on acquiring new customers 
C) Reducing emphasis on product quality 
D) Maintaining high costs 
E) Restricting growth

Question 2

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 3

SWOT analysis is implemented to fine-tune strategies.

Accepted Answer

A) True 
 B)False

Question 4

Mintzberg maintains that emergent strategies are often successful and may be more appropriate than intended strategies.

Accepted Answer

A) True 
 B)False

Question 5

Which of the following statements is true about SWOT analysis?

Accepted Answer

A) It does not encompass the analysis of an organization's external environment. 
B) It essentially results in the generation of one single strategy that deals with one particular internal function of an organization. 
C) It does not encompass functional-level strategies directed at improving the effectiveness of operations within a company. 
D) It essentially produces strategies that are incongruent with each other. 
E) It is a methodology for choosing between competing business models. 
A) It does not encompass the analysis of an organization's external environment. 
B) It essentially results in the generation of one single strategy that deals with one particular internal function of an organization. 
C) It does not encompass functional-level strategies directed at improving the effectiveness of operations within a company. 
D) It essentially produces strategies that are incongruent with each other. 
E) It is a methodology for choosing between competing business models.

Question 6

The comparison of strengths, weaknesses, opportunities, and threats is normally referred to as a SWOT analysis.

Accepted Answer

A) True 
 B)False

Question 7

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

Accepted Answer

The three levels of strategic managers a

Question 8

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 9

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 10

Strategic leadership is concerned with how to most effectively manage a company's strategy-making process to create competitive advantage.

Accepted Answer

A) True 
 B)False

Question 11

Well-constructed goals provide a means by which the performance of managers can be evaluated.

Accepted Answer

A) True 
 B)False

Question 12

The concepts vision and mission can be used interchangeably.

Accepted Answer

A) True 
 B)False

Question 13

ROIC is a measure of how efficiently and effectively managers use the capital at their disposal to produce profitability.

Accepted Answer

A) True 
 B)False

Question 14

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 15

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 16

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) designing the best organization structure and the best culture and control systems to put a chosen strategy into action. 
C) functional managers setting key corporate objectives. 
D) anticipating the reoccurrence of problems that were previously encountered and designing solutions accordingly. 
E) designing plans for problems that the company believes will most certainly face in the near future. 
A) devising plans for coping with a number of different possible future states of the world. 
B) designing the best organization structure and the best culture and control systems to put a chosen strategy into action. 
C) functional managers setting key corporate objectives. 
D) anticipating the reoccurrence of problems that were previously encountered and designing solutions accordingly. 
E) designing plans for problems that the company believes will most certainly face in the near future.

Question 17

Emergent strategies arise from within the company as a result of prior planning.

Accepted Answer

A) True 
 B)False

Question 18

Rebecca, a manager, was very annoyed after noticing several negligent errors in a critical report.However, while talking to the subordinate who created the report, Rebecca was calm and composed; she did not act impulsively and lose her temper.Which of the following aspects of emotional intelligence is illustrated in this scenario?

Accepted Answer

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

Question 19

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 20

In the context of strategic management of a company, have profit-and-loss responsibility for a product, a business, or the company as a whole.

Accepted Answer

A) line managers 
B) functional managers 
C) general managers 
D) government regulators 
E) marketing managers 
A) line managers 
B) functional managers 
C) general managers 
D) government regulators 
E) marketing managers

Which of the following dimensions is encompassed by a company's business model?

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

SWOT analysis is implemented to fine-tune strategies.

Mintzberg maintains that emergent strategies are often successful and may be more appropriate than intended strategies.

Which of the following statements is true about SWOT analysis?

The comparison of strengths, weaknesses, opportunities, and threats is normally referred to as a SWOT analysis.

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

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

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.

Strategic leadership is concerned with how to most effectively manage a company's strategy-making process to create competitive advantage.

Well-constructed goals provide a means by which the performance of managers can be evaluated.

The concepts vision and mission can be used interchangeably.

ROIC is a measure of how efficiently and effectively managers use the capital at their disposal to produce profitability.

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

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

The scenario approach to strategic planning involves:

Emergent strategies arise from within the company as a result of prior planning.

In the context of strategic management of a company, have profit-and-loss responsibility for a product, a business, or the company as a whole.

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 Analysis

Which of the following dimensions is encompassed by a company's business model?

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

SWOT analysis is implemented to fine-tune strategies.

Mintzberg maintains that emergent strategies are often successful and may be more appropriate than intended strategies.

Which of the following statements is true about SWOT analysis?

The comparison of strengths, weaknesses, opportunities, and threats is normally referred to as a SWOT analysis.

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

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

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.

Strategic leadership is concerned with how to most effectively manage a company's strategy-making process to create competitive advantage.

Well-constructed goals provide a means by which the performance of managers can be evaluated.

The concepts vision and mission can be used interchangeably.

ROIC is a measure of how efficiently and effectively managers use the capital at their disposal to produce profitability.

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

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

The scenario approach to strategic planning involves:

Emergent strategies arise from within the company as a result of prior planning.

In the context of strategic management of a company, have profit-and-loss responsibility for a product, a business, or the company as a whole.

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