Question 1

What are the arguments against top-down strategic planning and scenario planning?

Accepted Answer

Critics of top-down and scenario plannin...

Question 2

Carrvour Inc.is a company that manufactures steel, cement, cars, and consumer electronics under a single brand.The top management at Carrvour has decided to enter the banking and insurance industry based on its assessment of the profit potential in that industry.Which of the following strategies does this best illustrate?

Accepted Answer

A)   Corporate strategy
B)   Business strategy
C)   Functional strategy
D)   Divisional strategyE) B) and D)
F) None of the above

Question 3

The CEO of True West Products Inc.(TWC) is a company that sells a wide range of products.It has decided to enter the markets of emerging nations like China and Brazil.This means that the cars, consumer electronics, and services such as hotels included under the TWC banner would be made available in these nations.Which of the following strategies does this scenario best illustrate?

Accepted Answer

A)   Corporate strategy
B)   Functional strategy
C)   Business strategy
D)   Divisional strategyE) None of the above
F) A) and B)

Question 4

Which of the following strategies best illustrates a generic business strategy?

Accepted Answer

A)   A cost-cutting strategy that corporate executives in the headquarters want all business units of a large conglomerate to implement
B)   A strategy to use monetary incentives to motivate employees working on a project
C)   A decision to computerize a firm's database in order to improve customer service
D)   A decision to niche market the jewelry sold by a company while the apparel division under the same company sells its products through mass marketingE) B) and C)
F) All of the above D

Question 5

An intended strategy is best described as:

Accepted Answer

A)   a combination of its top-down strategic intentions and bottom-up emergent strategy.
B)   any unplanned strategic initiative undertaken by mid-level employees of their own volition.
C)   the outcome of a rational and structured, top-down strategic plan.
D)   a strategy developed at the lower levels of management to tackle unpredictable events.E) A) and B)
F) A) and C)

Question 6

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 strategyE) A) and B)
F) A) and D)

Question 7

Unrealized strategy is when parts of a firm's intended strategy is:

Accepted Answer

A)   nonfunctional due to unexpected events.
B)   not revealed to the lower-level employees.
C)   implemented and controlled by front-line employees.
D)   planned to tackle some unforeseen events.E) A) and B)
F) None of the above A

Question 8

To be effective, firms need to:

Accepted Answer

A)   back up their visions with strategic commitments that are costly and difficult to reverse.
B)   increase their strategic flexibility by developing product-oriented vision statements.
C)   isolate top managers from the organizational values.
D)   pursue visions that are exclusively financial and not aspirational.E) A) and B)
F) None of the above

Question 9

Which of the following managers in the Level-5 leadership pyramid are most capable of leading their organizations into great success by guiding the organizations toward building a sustainable competitive advantage?

Accepted Answer

A)   Level 1
B)   Level 2
C)   Level 3
D)   Level 5E) B) and D)
F) C) and D)

Question 10

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.E) A) and D)
F) C) and D) B

Question 11

Which of the following statements is true of customer-oriented visions?

Accepted Answer

A)   Customer-oriented visions identify how a customer need will be met.
B)   Customer-oriented vision statements are not the same as listening to your customer.
C)   Customer-oriented visions reduce a company's ability to adapt to a changing environment.
D)   Customer-oriented visions define a business in terms of goods or services provided.E) None of the above
F) A) and B)

Question 12

Which of the following best illustrates a strategic business unit (SBU) ?

Accepted Answer

A)   The human resource department of a large company that is responsible for hiring employees for all its divisional branches
B)   The consumer electronics division of a large company that also manufactures automobiles, apparel, and processed food
C)   The product development team at the headquarters of a fast-food chain
D)   The market segment which can be categorized between the income levels $10,000 and $25,000E) A) and C)
F) B) and C)

Question 13

A(n) _____ is best described as a standalone division of a larger conglomerate, with its own profit-and-loss responsibility.

Accepted Answer

A)   corporation
B)   strategic business unit
C)   affiliate company
D)   functional departmentE) None of the above
F) A) and B)

Question 14

Richard is a manager.His colleagues and subordinates look up to him as a man who always does the right things.Along with other skills, his ability to effectively organize and deploy resources like manpower, material, and money has been appreciated by his seniors.According to the Level-5 leadership pyramid, which of the following levels would be the immediate next step for Richard?

Accepted Answer

A)   Level 2
B)   Level 3
C)   Level 4
D)   Level 5E) A) and D)
F) None of the above

Question 15

Teddiez Inc.is a company that manufactures and sells stuffed toys.It sources its materials from another country to keep costs low.A sales personnel in one of its retail stores noticed that there was increasing concern regarding the potential toxicity of the materials in the dolls.In response, she found an economical, organic, and non-toxic cloth filling that the company could use.When her manager learned about this, he presented the prospect and got it approved from the top management team.This is an example of the:

Accepted Answer

A)   top-down strategic planning approach.
B)   planned emergence approach.
C)   scenario planning process.
D)   reverse engineering process.E) All of the above
F) A) and B)

Question 16

The production head at the canned juice unit of True Foods Inc.would frequently stay back after office hours and experiment with new fruit juice flavors 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 fruit juices, cherry-melon and melon-mint.After rigorous test marketing, which proved that the market would accept the new drinks, 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 strategyE) All of the above
F) None of the above

Question 17

As the CEO of a conglomerate, Juana Mark exhibited her strong commitment toward the company's core value that customer's well-being is more important than profit when she decided to liquidate the company's tobacco subsidiary.The tobacco brand sold by her company was a major revenue earner in lesser-developed nations.However, Juana believed that her company had to be responsible toward the society.In this scenario, Juana has demonstrated _____.

Accepted Answer

A)   strategic leadership
B)   intrapreneurship
C)   Machiavellianism
D)   individualismE) None of the above
F) A) and B)

Question 18

The regional head for First Electronics Inc.in New Dalvia has decided to sell the company's products directly through company-owned stores because the distribution system in the market is primitive.In six other markets, however, the company will continue to operate through a franchise system.Thus, this decision made by the regional head at New Dalvia will be considered as a _____.

Accepted Answer

A)   corporate strategy
B)   tactical strategy
C)   functional strategy
D)   business strategyE) All of the above
F) A) and B)

Question 19

Define the strategic management process.

Accepted Answer

An effective strategic management proces...

Question 20

Describe the traditional top-down strategic planning process.

Accepted Answer

In the traditional top-down strategic pl...

Exam 2: Strategic Leadership: Managing the Strategy Process

What are the arguments against top-down strategic planning and scenario planning?

Correct Answer
verified
Critics of top-down and scenario plannin...
View Answer

Correct Answer
verified

Correct Answer
verified

Which of the following strategies best illustrates a generic business strategy?

Correct Answer
verified
D

An intended strategy is best described as:

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

Unrealized strategy is when parts of a firm's intended strategy is:

Correct Answer
verified
A

To be effective, firms need to:

Correct Answer
verified

Which of the following managers in the Level-5 leadership pyramid are most capable of leading their organizations into great success by guiding the organizations toward building a sustainable competitive advantage?

Correct Answer
verified

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
B

Which of the following statements is true of customer-oriented visions?

Correct Answer
verified

Which of the following best illustrates a strategic business unit (SBU) ?

Correct Answer
verified

A(n) _____ is best described as a standalone division of a larger conglomerate, with its own profit-and-loss responsibility.

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Define the strategic management process.

Correct Answer
verified
An effective strategic management proces...
View Answer

Describe the traditional top-down strategic planning process.

Correct Answer
verified
In the traditional top-down strategic pl...
View Answer

Exam 2: Strategic Leadership: Managing the Strategy Process

What are the arguments against top-down strategic planning and scenario planning?

Correct AnswerverifiedCritics of top-down and scenario plannin...View AnswerShow Answer

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Which of the following strategies best illustrates a generic business strategy?

Correct AnswerverifiedD

An intended strategy is best described as:

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

Unrealized strategy is when parts of a firm's intended strategy is:

Correct AnswerverifiedA

To be effective, firms need to:

Correct AnswerverifiedShow Answer

Which of the following managers in the Level-5 leadership pyramid are most capable of leading their organizations into great success by guiding the organizations toward building a sustainable competitive advantage?

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 AnswerverifiedB

Which of the following statements is true of customer-oriented visions?

Correct AnswerverifiedShow Answer

Which of the following best illustrates a strategic business unit (SBU) ?

Correct AnswerverifiedShow Answer

A(n) _____ is best described as a standalone division of a larger conglomerate, with its own profit-and-loss responsibility.

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Define the strategic management process.

Correct AnswerverifiedAn effective strategic management proces...View AnswerShow Answer

Describe the traditional top-down strategic planning process.

Correct AnswerverifiedIn the traditional top-down strategic pl...View AnswerShow Answer

Correct Answer
verified
Critics of top-down and scenario plannin...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
D

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
A

Correct Answer
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Correct Answer
verified

Correct Answer
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B

Correct Answer
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Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
An effective strategic management proces...
View Answer

Correct Answer
verified
In the traditional top-down strategic pl...
View Answer