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

Multiple Choice

The Chief Executive Officer (CEO)of PepsiCo, Indra Nooyi, subscribes to a triple-bottom-line approach to competitive advantage-considering not only economic, but also social and environmental performance.Identify the phrase that represents the vision of PepsiCo as described by Ms.Nooyi.

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Human sustainability

Environmental sustainability

The whole person at work

Performance with a Purpose

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Question 2

Free

Multiple Choice

The Chief Executive Officer (CEO)of PepsiCo, Indra Nooyi, subscribes to a triple-bottom-line approach to competitive advantage-considering not only economic, but also social and environmental performance.Based on this, which of the following is a mission of PepsiCo?

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Including healthy choices in its lineup

Performing with a purpose

Focusing on only the nonalcoholic beverages line of business

Splitting PepsiCo into two standalone companies each focusing on beverages and snack foods respectively

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Question 3

Free

Multiple Choice

The first step in the strategic management process is to:

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define a firm's vision, mission, and values.

understand the strategies of the competitors.

put the guiding policies of a firm into practice.

develop functional and business level strategies.

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Question 4

Free

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 5

Free

Multiple Choice

Orange Synergy Inc.is a company that manufactures a variety of products that run on solar power.The company wants to ensure that solar technology replaces all forms of exhaustible energy sources in the near future.Which of the following statements will make an accurate vision for Orange Synergy?

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We make products that run on solar energy.

All nations around the globe should have access to a sustainable energy source.

The company aims to make working fun and pleasurable for its employees.

We provide energy-efficient sources and services by investing in research and innovation.

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Question 6

Multiple Choice

True Help is a non-profit 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?

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Help us help you find a home.

One day, everyone in this nation will have a home to protect themselves.

We help the homeless gain and sustain financial independence by providing employment opportunities.

Our mission is to turn this not-for-profit organization into a for-profit organization so that the stakeholders are benefited.

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Question 7

Multiple Choice

Strategic commitments are actions that are:

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inexpensive.

long-term oriented.

easy to reverse.

easy to imitate.

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Question 8

Multiple Choice

Visionary companies are able to outperform their competitors because:

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their vision statements are more product-oriented.

they provide more aspirational visions.

their visions are exclusively financial.

they isolate internal stakeholders in defining their visions.

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Question 9

Multiple Choice

To be effective, firms need to:

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back up their visions with strategic commitments that are costly and difficult to reverse.

increase their strategic flexibility by developing product-oriented vision statements.

isolate top managers from the organizational values.

pursue visions that are exclusively financial and not aspirational.

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Question 10

Multiple Choice

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

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They tend to force managers to take a myopic view of the landscape.

They allow companies to effectively adapt to changing environments.

They define a business in terms of providing solutions to customers.

They allow firms to take a need-based approach to their goals.

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Question 11

Multiple Choice

Cuisine Pro Inc.is a company that manufactures consumer electronics like refrigerators, washing machines, and dishwashers.Which of the following best illustrates a product-oriented vision for Cuisine Pro?

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To make people's life simple and easy

To allow everyone to have the luxury of domestic technology

To help people save time and energy spent on household chores

To be the pioneering manufacturer of home and kitchen appliances

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Question 12

Multiple Choice

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

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Customer-oriented visions identify how a customer need will be met.

Customer-oriented vision statements are not the same as listening to your customer.

Customer-oriented visions reduce a company's ability to adapt to a changing environment.

Customer-oriented visions define a business in terms of goods or services provided.

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Question 13

Multiple Choice

Which of the following is a customer-oriented vision?

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To be the most progressive insurance company

To be the best automobile company in the world

To enable people throughout the globe to identify their capabilities

To manufacture innovative products through continuous learning

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Question 14

Multiple Choice

Pioneer Pharma Inc.and GH Medicines Corp.are two competing firms in the pharmaceutical industry.While Pioneer Pharma Inc.'s vision is "to be a preeminent drug manufacturer in the industry," GH Medicines Corp.'s vision is "to make good health a reality for everyone around the world." Which of the following is an implication of these different visions?

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GH Medicines's vision is more product-oriented than the vision of Pioneer Pharma.

Pioneer Pharma is more likely to have a positive relationship between its vision and firm performance than GH Medicines.

Pioneer Pharma's vision is more long-term and futuristic than GH Medicines's vision.

GH Medicines will be more flexible than Pioneer Pharma when adapting to changing environments.

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Question 15

Multiple Choice

A positive relationship between vision statements and firm performance is more likely to exist when:

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visions are product-oriented.

internal stakeholders are isolated from defining and revising the visions.

organizational structures are aligned with the firm's vision statement.

vision statements are equivalent to listening to the customers.

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Question 16

Multiple Choice

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

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Job descriptions

Customs duties

Corrective controls

Organizational values

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Question 17

Multiple Choice

Organizational values are the _____ that govern the behavior of individuals within a firm or organization.

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economic measures

ethical standards and norms

political principles and policies

social beliefs and actions

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Question 18

Multiple Choice

When do employees fail to adopt the organizational values of a firm?

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When the internal stakeholders of the firm are involved in designing the values

When the top managers in the firm are merely paying lip service to the firm's stated values

When the strategic leaders in the firm propagate and exhibit the same values

When the organizational structure, such as its strategic decision making, is aligned with its values

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Question 19

Multiple Choice

Organizational values help individuals make choices that are:

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legal but unethical.

both illegal.

both ethical and effective in advancing a company's goals.

ethical but ineffective in achieving long-term success.

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Question 20

Multiple Choice

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 _____ .

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strategic leadership

intrapreneurship

Machiavellianism

individualism

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