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Strategic Leadership: Managing The Strategy Process

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Question 1
Free
Multiple Choice

The Chief Executive Officer (CEO)of Yahoo,Marissa Mayer,maintains that if a company builds the best product possible,profits will come.Identify the phrase that represents the new vision she developed for Yahoo.

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A

to achieve human sustainability while having fun doing it

B

to provide a high-quality product that has environmental sustainability

C

to appeal to the whole person at work and at home

D

to make the world's daily habits more inspiring and entertaining

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Question 2
Free
Multiple Choice

The Chief Executive Officer (CEO)of Yahoo,Marissa Mayer,established a mission by building on her vision.Considering this,how did Mayer implement the mission of Yahoo?

Choose correct answer/s
A

by making the user experience of the mobile Internet easy and fun

B

by convincing employees to work with a purpose

C

by making the mobile Internet an efficient tool for researchers

D

by convincing employees to make the product more accessible

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Question 3
Free
Multiple Choice

The first step in the strategic management process is to

Choose correct answer/s
A

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

B

understand the strategies of the competitors.

C

put the guiding policies of a firm into practice.

D

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.

Choose correct answer/s
A

production workers

B

lower-level managers

C

external stakeholders

D

corporate executives

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Question 5
Free
Multiple Choice

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

Choose correct answer/s
A

We make products that run on wind energy.

B

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

C

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

D

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 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?

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A
Help us help you find a home.
B
One day, everyone in this nation will have a home to protect themselves.
C
We help the homeless gain and sustain financial independence by providing employment opportunities.
D
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

Choose correct answer/s
A
inexpensive.
B
long-term oriented.
C
easy to reverse.
D
easy to imitate.
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Question 8
Multiple Choice

Visionary companies are able to outperform their competitors because

Choose correct answer/s
A
their vision statements are more product-oriented.
B
they provide more aspirational visions.
C
their visions are exclusively financial.
D
they isolate internal stakeholders in defining their visions.
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Question 9
Multiple Choice

To be effective,firms need to

Choose correct answer/s
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.
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Question 10
Multiple Choice

What is the strategic management process?

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A
The CEO decides who the product managers will be for a company.
B
The CEO defines the main problems facing a company.
C
Strategic leaders design a method to formulate and implement strategy.
D
Strategic leaders focus on creating a vision that reflects the company's strategy.
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Question 11
Multiple Choice

What is strategic leadership?

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A
the ability to delegate authority to create an effective strategic management process
B
the executives' use of power and influence to direct the activities of others when pursuing an organization's goals
C
the ability to inspire managers and other employees to create the best product possible
D
the executives' use of power and influence to inspire workers to take responsibility for the final product
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Question 12
Multiple Choice

Strategic commitments are actions that are

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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.
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Question 13
Multiple Choice

Which of the following examples reflects the strongest vision?

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A
At Fuentes Electronics, many employees get paid well but do not feel their work is important.
B
At Fuentes Electronics, all employees are motivated to make the best microwave ovens on the market.
C
At Fuentes Electronics, most employees want to create a better microwave oven than their closest competitor.
D
At Fuentes Electronics, some employees do not understand the main goal of the company.
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Question 14
Multiple Choice

Which of the following summarizes the difference between a firm's vision and mission?

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A
A vision states what a firm wants to accomplish; a mission states how a firm plans to accomplish this vision.
B
A vision states the ethical values of a firm; a mission states the monetary goals of a firm.
C
A vision states how much a firm wants to earn; a mission states how these earnings will be accomplished.
D
A vision states the management values of a firm; a mission states the values of the other workers.
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Question 15
Multiple Choice

Which of the following is an example of a product-oriented vision statement?

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A
Andrea, Ltd. wants to adapt their picture frames to the changing demands of consumers.
B
Andrea, Ltd. wants to always satisfy the consumers who purchase picture frames.
C
Andrea, Ltd. wants to provide the best benefits for employees in the picture-frame industry.
D
Andrea, Ltd. wants to be the best manufacturer of picture frames in the industry.
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Question 16
Multiple Choice

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

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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.
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Question 17
Multiple Choice

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

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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.
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Question 18
Multiple Choice

Customer-oriented visions do not

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A
leave open the means to of how to meet a need.
B
define a business according to solutions.
C
define how a customer need will be met.
D
provide companies with a competitive advantage.
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Question 19
Multiple Choice

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

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A
They tend to force managers to take a myopic view of the landscape.
B
They allow companies to effectively adapt to changing environments.
C
They define a business in terms of providing solutions to customers.
D
They allow firms to take a need-based approach to their goals.
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Question 20
Multiple Choice

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?

Choose correct answer/s
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
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