Strategic Leadership: Managing The Strategy Process

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Questions Bank

What Is Strategy
Strategic Leadership: Managing the Strategy Process
External Analysis: Industry Structure, Competitive Forces, and Strategic Groups
Internal Analysis: Resources, Capabilities, and Core Competencies
Competitive Advantage, Firm Performance, and Business Models
Business Strategy: Differentiation, Cost Leadership, and Blue Oceans
Business Strategy: Innovation, Entrepreneurship, and Platforms
Corporate Strategy: Vertical Integration and Diversification
Corporate Strategy: Strategic Alliances, Mergers, and Acquisitions
Global Strategy: Competing Around the World
Organizational Design: Structure, Culture, and Control
Corporate Governance and Business Ethics

All Questions

Question 1

Free

True/False

Executives whose visions and decisions help their companies achieve competitive advantage can be considered strategic leaders.

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True

False

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Question 2

Free

True/False

Strategic leaders spend the majority of their time working alone to devise new strategies.

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True

False

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Question 3

Free

True/False

An employee lacking some of the innate abilities to be a top-level manager can still become an effective strategic leader through hard work and experience.

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True

False

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Question 4

Free

True/False

It is helpful to break down strategy formulation and strategy implementation into five distinct areas.

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False

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Question 5

Free

True/False

The autocratic strategic management process exhibited by the former head of Apple, Steve Jobs, is best described as an emergent strategy.

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Question 6

True/False

A surprise event that leads to a change in strategic initiatives, such as the accidental discovery of a new use for an existing product, is known as serendipity.

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True

False

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Question 7

True/False

A firm's resource-allocation process (RAP) has very little effect on its realized strategy.

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True

False

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Question 8

True/False

Because they are a crucial component of a firm's success, customers are considered internal stakeholders.

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True

False

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Question 9

True/False

A firm is required by society and its shareholders to meet its ethical and philanthropic responsibilities.

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True

False

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Question 10

True/False

Under the strategy as a planned emergence model, even entry-level employees can help generate strategic initiatives.

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True

False

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Question 11

Multiple Choice

As the CEO of a conglomerate, Eva Morris exhibited her strong commitment toward the company's core value that customers' well-being is more important than profit when she convinced the board of directors to liquidate the company's pesticide subsidiary. The pesticide brand sold by her company was a major revenue earner in lesser-developed nations, but studies indicate that it is a carcinogen. Eva persuaded the board that the company had to be responsible toward society. In this scenario, Eva has demonstrated

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strategic leadership.

intrapreneurship.

Machiavellianism.

individualism.

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Question 12

Multiple Choice

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

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production workers

lower-level managers

external stakeholders

corporate executives

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Question 13

Multiple Choice

Hannah is the Chief Operating Officer of the startup AppPalace. In which of the following scenarios does Hannah exhibit strategic leadership?

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Hannah directs the company to produce an app for reptile enthusiasts, a community she happens to be a part of. Even though the app ends up losing significant amounts of money, Hannah is proud of the product and uses it every day.

Citing budget concerns, Hannah ignores the directions from AppPalace's CEO to double the size of the customer support staff. As a result, the company misses its third quarter customer satisfaction target but exceeds its net profit expectations by 5 percent.

Hannah schedules a meeting with the manager of the marketing department and overcomes his skepticism about a new campaign aimed at customers in the 55+ age group. Over the next three months, AppPalace gains 250,000 new users in that group.

With a major pitch to potential investors coming up, Hannah works alone for 10 hours a day until she writes the perfect sales pitch. Even though the rest of her team doubts that they can meet the performance goals Hannah has set, she makes the presentation anyway.

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Question 14

Multiple Choice

The CEO of Mabel Automobiles was the child of parents who had difficulty making enough money to support their family. As a result, he and his siblings did not have access to many advantages that children from wealthier families had. This CEO, therefore, emphasized making affordable, low-maintenance vehicles that could be bought by low-income households. Which of the following does this example demonstrate?

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dominant strategic planning

Level-5 leadership pyramid

upper-echelons theory

scenario planning

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Question 15

Multiple Choice

Yuki is part of a sales team. He effectively coordinates his tasks with others in the team and willingly contributes to their efforts in achieving the team's objectives. Thus, Yuki is in ________ of the Level-5 leadership pyramid.

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Level 5

Level 4

Level 3

Level 2

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Question 16

Multiple Choice

Trung has been an employee with PureEnergy Inc. for 15 years. He started with an entry-level job, and today he is a manager of an entire division. Over the years, Trung has acquired a reputation for doing the right things in the company. Hence, as an efficient leader, he is capable of effectively communicating and motivating his subordinates to work toward the company's vision and mission. According to the Level-5 leadership pyramid, which is the highest level of leadership Trung has reached so far?

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Level 5

Level 4

Level 3

Level 2

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Question 17

Multiple Choice

Which of the following best describes a Level 5 manager in the Level-5 leadership pyramid?

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Connie is an employee who just started her career at DK Inc.; she has already been appreciated for her knowledge and skills in the new company.

Dmitri is an employee at Infinite Circle Inc.; he has helped his team achieve their targets by contributing to the team's efforts.

Luigi is part of the marketing team at RT Corp.; he has been given the charge of managing a team of three, so he will be promoted to a manager's position next month.

Asoka is the CEO of Green Machines Inc.; he has helped his company in gaining and sustaining a competitive advantage through ethical decision making.

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Question 18

Multiple Choice

TriCorp is a major financial services corporation. With the CEO of TriCorp preparing to retire, several top managers are vying for the position. Jared considers himself to be a leading candidate. He not only has advanced degrees from business schools and more than a decade of experience working for TriCorp, but he also has personally ensured that his division has exceeded its performance benchmarks over the past three years, even though many of his employees are dissatisfied because they feel they are stagnating in their jobs. According to the level 5 leadership pyramid, why has Jared failed to exhibit the qualities of a level-5 leader?

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His individual skills are not well developed.

His actions do not match the organization's strategy.

He lacks the organizational ability to accomplish the organization's goals.

He is not able to help others reach their full potential.

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Question 19

Multiple Choice

Which of the following summarizes the difference between corporate strategy and business strategy?

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Corporate strategy deals with how to compete; business strategy deals with where to compete.

Corporate strategy deals with when to compete; business strategy deals with how to compete.

Corporate strategy deals with how to compete; business strategy deals with when to compete.

Corporate strategy deals with where to compete; business strategy deals with how to compete.

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Question 20

Multiple Choice

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

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implementation strategy.

corporate strategy.

functional strategy.

business strategy.

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