Question 1

The production head at the canned juice unit of True Candy Inc.would frequently stay back after office hours and experiment with new organic hard candy flavors even though this was part of the new product development team's job.As a result of these experiments,he came up with two new flavors of organic hard candy,raspberry-apricot and strawberry-apple.After rigorous test marketing,which proved that the market would accept the new candy,the product variants were successfully launched.Which of the following strategies does this scenario best illustrate?

Accepted Answer

A)   intended strategy
B)   emergent strategy
C)   unrealized strategy
D)   tactical strategy

Question 2

Executives whose vision and actions enable their organizations to achieve competitive advantage demonstrate

Accepted Answer

A)   top-down strategic planning.
B)   functional strategy.
C)   strategic leadership.
D)   dominant strategic planning.

Question 3

Which of the following reasons justifies the view that functional managers should be allowed to initiate strategic initiatives based on autonomous actions?

Accepted Answer

A)   Functional managers have more control and power in the organization than corporate executives.
B)   Functional managers are much closer to the final products, services, and customers than corporate- or business-level managers.
C)   Functional managers have a bigger role in identifying a company's vision and mission than the strategic leaders.
D)   Functional managers are Level 5 managers in the Level-5 leadership pyramid when compared to the executives who are at Level 4.

Question 4

_____ are best described as the ethical standards and norms that govern the behavior of individuals within a firm.

Accepted Answer

A)   Job descriptions
B)   Customs duties
C)   Corrective controls
D)   Organizational values D

Question 5

A customer-oriented vision statement focuses employees to think about how best to

Accepted Answer

A)   make a product easier to use.
B)   increase their efficiency for consumers.
C)   improve a popular product.
D)   solve a problem for a consumer.

Question 6

Why is it better for firms to keep their vision statements customer-oriented rather than product-oriented?

Accepted Answer

A)   Customer-oriented visions tend to have a more short-range view of changing environments.
B)   Customer-oriented visions tend to have a more myopic view of changing environments.
C)   Customer-oriented visions tend to be more flexible when adapting to changing environments.
D)   Customer-oriented visions tend to be more stable when dealing with changing environments.

Question 7

Which of the following is an accurate description of a Level 1 manager?

Accepted Answer

A)   an individual who works effectively with others to achieve synergies and team objectives
B)   a highly capable individual who makes productive contributions through motivation, talent, knowledge, and skills
C)   an individual who "does things right," is an effective team player, and organizes resources effectively to achieve predetermined goals
D)   an individual who is an effective strategic leader that builds enduring greatness into the organizations he or she leads B

Question 8

The management team at Clear Solutions,Inc.decided to build a branch office in Memphis,Tennessee.Which of the following terms correctly describes this action?

Accepted Answer

A)   strategy formulation
B)   strategy implementation
C)   execution of strategy
D)   business strategy

Question 9

Handy Pro,Inc.is a company that manufactures electric tools like drills,screwdrivers,and saws.Which of the following best illustrates a product-oriented vision for Handy Pro?

Accepted Answer

A)   to make people's lives simple and easy
B)   to allow everyone to have the luxury of electric tool technology
C)   to help people save time and energy spent using manual tools
D)   to be the pioneering manufacturer of electric tools

Question 10

Strategic flexibility is achieved when managers

Accepted Answer

A)   choose to keep their vision statements more product-oriented rather than customer-oriented.
B)   respond to reality changes by activating alternate dominant plans or modifying the old plan.
C)   implement static top-down strategic planning approach to the development of strategy.
D)   overlook pessimistic future scenarios and only prepare for optimistic futures.

Question 11

Strategies developed at the departmental level,such as the accounting,human resources,production,and marketing departments,within a strategic business unit are referred to as _____ strategies.

Accepted Answer

A)   grand
B)   corporate
C)   business
D)   functional

Question 12

Strategic leadership pertains to the use of power and influence by _____ to direct the activities of others when pursuing an organization's goals.

Accepted Answer

A)   production workers
B)   lower-level managers
C)   external stakeholders
D)   corporate executives

Question 13

The production department at Coral Cements that is a subsidiary of the large conglomerate Five East Corp.has decided to adopt the FIFO (first in,first out) method of inventory to dispatch its cement bags.Which of the following strategies does this scenario best illustrate?

Accepted Answer

A)   functional strategy
B)   corporate strategy
C)   master strategy
D)   business strategy

Question 14

A(n) _____ is best described as the strategic option that top managers decide most closely matches the current reality and which is then executed.

Accepted Answer

A)   bottom-up emergent strategy
B)   executive summary
C)   realized strategy
D)   dominant strategic plan

Question 15

Scenario planning typically begins with managers

Accepted Answer

A)   developing different strategic plans to address possible future scenarios.
B)   building a portfolio of future strategic options.
C)   executing a dominant strategic plan.
D)   brainstorming to identify multiple plausible futures.

Question 16

Which of the following statements is true of top-down strategic planning?

Accepted Answer

A)   Information flows both ways in the process, from the upper management to the lower management and also the other way around.
B)   In this process, the formulation of strategy is separate from implementation.
C)   Employees at the operation level have major responsibility in strategizing for competitive advantage.
D)   The process is based on the assumption that the past cannot be used to predict the future.

Question 17

Strategic thinking is different from strategic planning in that

Accepted Answer

A)   strategic thinking includes all types of information sources while strategic planning does not.
B)   strategic thinking relies more on hard data than strategic planning.
C)   strategic thinking is regimented and confining, whereas strategic planning is more flexible.
D)   strategic thinking can create an illusion of control, whereas strategic planning avoids this.

Question 18

Which of the following functions do the general managers in strategic business units primarily perform?

Accepted Answer

A)   design generic business strategies based on guidelines received from corporate headquarters
B)   set overarching strategic objectives to unify the entire conglomerate under one mission
C)   take responsibility for decisions and actions within a single functional area
D)   allocate scarce resources among different business divisions

Question 19

Which of the following is a top-down approach to the development of strategy that involves asking "what if" questions to anticipate plausible futures?

Accepted Answer

A)   top-down strategic planning
B)   bottom-up strategic thinking
C)   scenario planning
D)   reverse mentoring C

Question 20

Which of the following strategies best illustrates a functional strategy?

Accepted Answer

A)   The CEO of Sunrise Companies Inc. has decided that the company will be entering the European market.
B)   The general manager of a product division of Pickford Products Inc. has decided that 30 percent of the division's annual profits will be invested in research and development.
C)   The regional manager for the military electronics division of Holden & Co. has decided that the division will pursue backward integration to save costs.
D)   The production manager at the apparel division of Wilder Style Co. has decided that the department will hire contract workers for three months to meet the temporary demand.

Exam 2: Strategic Leadership: Managing the Strategy Process

Correct Answer
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Executives whose vision and actions enable their organizations to achieve competitive advantage demonstrate

Correct Answer
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Which of the following reasons justifies the view that functional managers should be allowed to initiate strategic initiatives based on autonomous actions?

Correct Answer
verified

_____ are best described as the ethical standards and norms that govern the behavior of individuals within a firm.

Correct Answer
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D

A customer-oriented vision statement focuses employees to think about how best to

Correct Answer
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Why is it better for firms to keep their vision statements customer-oriented rather than product-oriented?

Correct Answer
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Which of the following is an accurate description of a Level 1 manager?

Correct Answer
verified
B

The management team at Clear Solutions,Inc.decided to build a branch office in Memphis,Tennessee.Which of the following terms correctly describes this action?

Correct Answer
verified

Handy Pro,Inc.is a company that manufactures electric tools like drills,screwdrivers,and saws.Which of the following best illustrates a product-oriented vision for Handy Pro?

Correct Answer
verified

Strategic flexibility is achieved when managers

Correct Answer
verified

Strategies developed at the departmental level,such as the accounting,human resources,production,and marketing departments,within a strategic business unit are referred to as _____ strategies.

Correct Answer
verified

Strategic leadership pertains to the use of power and influence by _____ to direct the activities of others when pursuing an organization's goals.

Correct Answer
verified

The production department at Coral Cements that is a subsidiary of the large conglomerate Five East Corp.has decided to adopt the FIFO (first in,first out) method of inventory to dispatch its cement bags.Which of the following strategies does this scenario best illustrate?

Correct Answer
verified

A(n) _____ is best described as the strategic option that top managers decide most closely matches the current reality and which is then executed.

Correct Answer
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Scenario planning typically begins with managers

Correct Answer
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Which of the following statements is true of top-down strategic planning?

Correct Answer
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Strategic thinking is different from strategic planning in that

Correct Answer
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Which of the following functions do the general managers in strategic business units primarily perform?

Correct Answer
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Which of the following is a top-down approach to the development of strategy that involves asking "what if" questions to anticipate plausible futures?

Correct Answer
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C

Which of the following strategies best illustrates a functional strategy?

Correct Answer
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Exam 2: Strategic Leadership: Managing the Strategy Process

Correct AnswerverifiedShow Answer

Executives whose vision and actions enable their organizations to achieve competitive advantage demonstrate

Correct AnswerverifiedShow Answer

Which of the following reasons justifies the view that functional managers should be allowed to initiate strategic initiatives based on autonomous actions?

Correct AnswerverifiedShow Answer

_____ are best described as the ethical standards and norms that govern the behavior of individuals within a firm.

Correct AnswerverifiedD

A customer-oriented vision statement focuses employees to think about how best to

Correct AnswerverifiedShow Answer

Why is it better for firms to keep their vision statements customer-oriented rather than product-oriented?

Correct AnswerverifiedShow Answer

Which of the following is an accurate description of a Level 1 manager?

Correct AnswerverifiedB

The management team at Clear Solutions,Inc.decided to build a branch office in Memphis,Tennessee.Which of the following terms correctly describes this action?

Correct AnswerverifiedShow Answer

Handy Pro,Inc.is a company that manufactures electric tools like drills,screwdrivers,and saws.Which of the following best illustrates a product-oriented vision for Handy Pro?

Correct AnswerverifiedShow Answer

Strategic flexibility is achieved when managers

Correct AnswerverifiedShow Answer

Strategies developed at the departmental level,such as the accounting,human resources,production,and marketing departments,within a strategic business unit are referred to as _____ strategies.

Correct AnswerverifiedShow Answer

Strategic leadership pertains to the use of power and influence by _____ to direct the activities of others when pursuing an organization's goals.

Correct AnswerverifiedShow Answer

The production department at Coral Cements that is a subsidiary of the large conglomerate Five East Corp.has decided to adopt the FIFO (first in,first out) method of inventory to dispatch its cement bags.Which of the following strategies does this scenario best illustrate?

Correct AnswerverifiedShow Answer

A(n) _____ is best described as the strategic option that top managers decide most closely matches the current reality and which is then executed.

Correct AnswerverifiedShow Answer

Scenario planning typically begins with managers

Correct AnswerverifiedShow Answer

Which of the following statements is true of top-down strategic planning?

Correct AnswerverifiedShow Answer

Strategic thinking is different from strategic planning in that

Correct AnswerverifiedShow Answer

Which of the following functions do the general managers in strategic business units primarily perform?

Correct AnswerverifiedShow Answer

Which of the following is a top-down approach to the development of strategy that involves asking "what if" questions to anticipate plausible futures?

Correct AnswerverifiedC

Which of the following strategies best illustrates a functional strategy?

Correct AnswerverifiedShow Answer

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D

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B

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C

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