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Exam 2: Strategic Leadership: Managing the Strategy Process

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Question 41

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Strategic commitments are actions that are

A) inexpensive, long-term oriented, and difficult to reverse.
B) inexpensive, short-term oriented, and easy to reverse.
C) costly, long-term oriented, and difficult to reverse.
D) costly, short-term oriented, and easy to reverse.

E) All of the above
F) A) and D)

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Question 42

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To be effective,firms need to

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) A) and D)

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Question 43

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

As a part of strategy formulation,corporate strategy concerns questions relating to

The executives at Red Couture Inc.are developing strategic plans to address plausible future situations like rise in the prices of cotton and synthetic fabrics by 20 percent,appreciation in the value of the dollar,increase in the cost of labor by 30 percent,and increase in demand for the company's products.By doing so,the company will be well prepared with its planned responses if any of these situations occurs in the future.Thus,Red Couture is employing _____ as the approach to the development of strategy.

Corporate executives at LikeReal,Inc.decide to compete in the remote model airplane industry by making the largest model planes available.By doing this,they completed part of their

During an assessment of employees and leaders in a company,Ethan Browne was categorized as a Level 5 manager in the Level-5 leadership pyramid.Which of the following can be inferred from this information?

The regional head for Creative Design Inc.in Boratania 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 Boratania will be considered as a _____ strategy.

Jason 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 man power,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 Jason?

True Help is a nonprofit organization that works toward rehabilitating the homeless.The credo of the organization is "help us help you." For an organization like True Help,which of the following statements would make an appropriate mission?

How are the two approaches,strategic planning and scenario planning,different from the strategy-as-planned-emergence approach?

Which of the following statements is true of corporate strategy?

Which of the following happens during the analysis stage of scenario planning?

Which of the following statements about product-oriented visions is true?

A _____ is best described as any activity a firm pursues to explore and develop new products and processes,new markets,or new ventures.

Which of the following methods of developing a strategy best illustrates scenario planning?

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

Which of the following statements is true of strategic initiatives?

Due to political instability in the country of United Mapa,the strategic leaders at the headquarters of FT Supplies Inc.have decided to divest the company's business from the foreign market in United Mapa.This decision would be applicable to all the business units of FT Supplies Inc.operating in United Mapa.Thus,this is a

An intended strategy is best described as