Strategic Leadership

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Question 1
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Financial controls provide feedback about the outcomes of the firm's past actions and predictions about the results of the firm's future actions.

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Question 2
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Effectively managing the firm's resource portfolio (financial, human, social, and organizational capital) may be the most important strategic leadership task.

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Question 3
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Selection of an insider as a new CEO indicates a firm's desire to encourage innovation and strategic change.

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Question 4
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The more homogeneous a top management team, the more likely those managers will be innovative and willing to pursue strategic change.

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Question 5
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Rewarding those who use proper channels and procedures to report observed wrongdoings is an example of an action that should be taken by a strategic leader to develop an ethical organizational culture.

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Question 6
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Strategic leaders are most likely to integrate ethical values into their decisions when the company has explicit ethics codes that are integrated into the business through extensive ethics training.

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Question 7
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The firm's envisioned future encourages employees to stretch beyond their expectations of accomplishment and requires significant change and progress to be realized.

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Question 8
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Internal labor markets consist of the career opportunities for managers within the firm for which they currently work.

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Question 9
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When the new CEO is from inside the firm and a heterogeneous top management team is in place, the strategy may not change, but innovation is likely to continue.

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Question 10
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Employees usually have a strong preference for firms to use the internal managerial labor market when selecting top management team members and the CEO.

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Question 11
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The Chapter 12 Strategic Focus reports on recent successes of NBC News, Nokia, and Standard Charter because of the top managers' decisions.

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Question 12
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Firm size, firm age, the executive's tolerance for ambiguity, and his or her commitment to strategic outcomes are all factors that may affect managerial discretion.

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Question 13
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Criteria such as asset utilization improvements and changes in employee turnover rates are part of the internal business processes perspective of the balanced scorecard.

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Question 14
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The experience that results from long tenure in a firm is known to extend the breadth of an executive's knowledge base.

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Question 15
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Strategic control focuses on the content of strategic actions rather than their outcomes.

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Question 16
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The more heterogeneous and the larger the top management team, the easier it is to implement strategy effectively.

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Question 17
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In the past, companies had a preference for insiders to fill top-level management positions because of the desire for continuity and a continuing commitment to the firm's current vision, mission, and chosen strategies.

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Question 18
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As the dynamics of competition accelerate, people are perhaps the only truly sustainable source of competitive advantage.

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Question 19
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Transformational leadership is the most effective strategic leadership style.

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Question 20
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The balanced scorecard's perspective on learning and growth is intended to improve the firm's ability to innovate.

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