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Chapter 01 - Strategic Management: Creating Competitive Advantages Multiple Choice Questions

32. (p. 5 - 6) The text addresses two perspectives of leadership as well as their implications. These two perspectives are A. romantic and unromantic. B. romantic and internal control. C. external control and unromantic. D. romantic and external control.

AACSB: Analytic Bloom's: Knowledge Difficulty: Easy Learning Objective: 01-1

33. (p. 5) A CEO made a lot of mistakes such as committing errors in assessing the market and competitive conditions and improperly redesigning the organization into numerous business units. Such errors led to significant performance declines. According to the text, this example illustrates the __________ perspective of leadership. A. external control B. romantic C. internal mechanism D. operational

AACSB: Analytic Bloom's: Comprehension Difficulty: Medium Learning Objective: 01-1

34. (p. 9) According to the text, the strategic management process entails three ongoing processes: A. analysis, actions, and synthesis. B. analysis, decisions, and actions. C. analysis, evaluation, and critique. D. analysis, synthesis, and antithesis.

AACSB: Analytic Bloom's: Knowledge Difficulty: Easy Learning Objective: 01-1

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Chapter 01 - Strategic Management: Creating Competitive Advantages

35. (p. 9) Management innovations such as total quality, benchmarking, and business process reengineering cannot lead to sustainable competitive advantage because A. companies that have implemented these techniques have lost money. B. there is no proof that these techniques work. C. they cost too much money and effort to implement. D. every company is trying to implement them and hence it does not make a company different from others.

AACSB: Analytic Bloom's: Comprehension Difficulty: Medium Learning Objective: 01-1

36. (p. 10) The "organizational versus individual rationality" perspective suggests that A. what is good for a functional area is always good for the organization. B. what is good for the organization is always good for a functional area. C. what is best for a functional area may not be best for the organization. D. the "incremental" perspective may be best for functional areas while the "rational" perspective may be best for the organization.

AACSB: Analytic Bloom's: Knowledge Difficulty: Easy Learning Objective: 01-1

37. (p. 10) The four key attributes of strategic management include the idea that A. strategy must be directed toward overall organizational goals and objectives. B. strategy must be focused on long-term objectives. C. strategy must be focused on one specific area of an organization. D. strategy must focus on competitor strengths.

AACSB: Analytic Bloom's: Knowledge Difficulty: Easy Learning Objective: 01-1

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Chapter 01 - Strategic Management: Creating Competitive Advantages

38. (p. 10) The four key attributes of strategic management include all of the following except: A. including multiple stakeholder interests in decision making. B. incorporating both short-term and long-term perspectives. C. recognizing the trade-offs between effectiveness and efficiency. D. emphasis on the attainment of short-term objectives.

AACSB: Analytic Bloom's: Knowledge Difficulty: Easy Learning Objective: 01-1

39. (p. 11) "Effectiveness" is often defined as A. doing things right. B. stakeholder satisfaction. C. doing the right thing. D. productivity enhancement.

AACSB: Analytic Bloom's: Knowledge Difficulty: Easy Learning Objective: 01-1

40. (p. 12) All of the following are ambidextrous behaviors except A. taking initiative and being alert to opportunities beyond the confines of one's own job. B. being cooperative and seeking opportunities to combine one's efforts with others. C. intensely focusing on one's own responsibilities and maximizing the output of one's department in an organization. D. being brokers, always looking to build internal linkages.

AACSB:...
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