Question 1

The knowledge application component of knowledge management deals with workers improving their job activities.

Accepted Answer

A) True 
 B)False  True

Question 2

A company engages in the brand-leadership strategy when it

Accepted Answer

A)  imitates leading brands.
B)  diversifies into several successful brands.
C)  develops the reputation of its brand name.
D)  develops products that other companies do not offer.

Question 3

A vision should point to what activities an organization should take on and what activities it should avoid.

Accepted Answer

A) True 
 B)False

Question 4

Microsoft is one example of an organization which a high-level leader besides the CEO concentrates his or her work on business strategy.

Accepted Answer

A) True 
 B)False

Question 5

To achieve best results, advanced technology for knowledge management should be

Accepted Answer

A)  centralized in the department headed by the chief knowledge officer.
B)  combined with an organization culture that values knowledge management.
C)  installed on every PC in the company.
D)  installed first in staff departments then in line departments. B

Question 6

An example of a strategic alliance would be a train manufacturer and an airplane manufacturer working jointly to build a train that traveled without touching the rails.

Accepted Answer

A) True 
 B)False

Question 7

An external threat in SWOT analysis refers primarily to laws that would be broken by implementing a particular strategy.

Accepted Answer

A) True 
 B)False

Question 8

The strategy of a firm provides a path for achieving its objectives.

Accepted Answer

A) True 
 B)False

Question 9

A major responsibility of a chief knowledge officer is to

Accepted Answer

A)  systematically collect information.
B)  encourage workers to track down coworkers who have the information they need.
C)  develop and deliver classroom-based training.
D)  develop and deliver online-based training.

Question 10

To implement the strategy of competitive advantage through hiring talented people, the company's leadership should

Accepted Answer

A)  hire talented, well-motivated people throughout the firm.
B)  develop the talents among the least talented employees.
C)  hire the occasional candidate with a poor employment history to be socially responsible.
D)  promote on the basis of seniority to encourage company loyalty.

Question 11

To implement the strategy create demand by solving problems, a company

Accepted Answer

A)  creates problems for customers, then solves them.
B)  first identifies the problems in a particular field.
C)  develops a reputation for technological excellence.
D)  offers solutions to problems customers did not know they had.

Question 12

Strategic leaders focus most of their attention on day-by-day problems that have an impact on the efficiency of the business.

Accepted Answer

A) True 
 B)False

Question 13

A little over 40 percent of corporate knowledge is stored in employees' brains, according to one survey.

Accepted Answer

A) True 
 B)False

Question 14

A retailer targeting poor people is an example of the strategy called

Accepted Answer

A)  imitation.
B)  cost leadership.
C)  focus.
D)  first-mover.

Question 15

A major leadership initiative for enhancing a learning organization is to

Accepted Answer

A)  establish supervisory training programs.
B)  get workers to focus almost entirely on their own work.
C)  create a vision to be shared mostly by the top-management team.
D)  create a strategic intent to learn.

Question 16

A key part of knowledge management in organizations is

Accepted Answer

A)  selecting intelligent people for key positions.
B)  spying on what competitors are doing.
C)  conducting training programs.
D)  the systematic sharing of information.

Question 17

The purpose of a SWOT analysis is to assess

Accepted Answer

A)  strengths, weaknesses, opportunities, and threats.
B)  strategy, weaknesses, options, and time.
C)  satisfactions, worst options, and trade-offs.
D)  successes, winners, and ominous threats. A

Question 18

An effective vision statement is usually about 100 words long.

Accepted Answer

A) True 
 B)False

Question 19

According to the honest conversation approach to refining organizational strategy, a task force of managers discusses problems they have uncovered with implementing strategy.

Accepted Answer

A) True 
 B)False

Question 20

A key characteristic of strategic thinking is that it involves high-level cognitive activity on the part of the leader.

Accepted Answer

A) True 
 B)False

Exam 13: Strategic Leadership and Knowledge Management

The knowledge application component of knowledge management deals with workers improving their job activities.

Correct AnswerverifiedTrue

A company engages in the brand-leadership strategy when it

Correct AnswerverifiedShow Answer

A vision should point to what activities an organization should take on and what activities it should avoid.

Correct AnswerverifiedShow Answer

Microsoft is one example of an organization which a high-level leader besides the CEO concentrates his or her work on business strategy.

Correct AnswerverifiedShow Answer

To achieve best results, advanced technology for knowledge management should be

Correct AnswerverifiedB

An example of a strategic alliance would be a train manufacturer and an airplane manufacturer working jointly to build a train that traveled without touching the rails.

Correct AnswerverifiedShow Answer

An external threat in SWOT analysis refers primarily to laws that would be broken by implementing a particular strategy.

Correct AnswerverifiedShow Answer

The strategy of a firm provides a path for achieving its objectives.

Correct AnswerverifiedShow Answer

A major responsibility of a chief knowledge officer is to

Correct AnswerverifiedShow Answer

To implement the strategy of competitive advantage through hiring talented people, the company's leadership should

Correct AnswerverifiedShow Answer

To implement the strategy create demand by solving problems, a company

Correct AnswerverifiedShow Answer

Strategic leaders focus most of their attention on day-by-day problems that have an impact on the efficiency of the business.

Correct AnswerverifiedShow Answer

A little over 40 percent of corporate knowledge is stored in employees' brains, according to one survey.

Correct AnswerverifiedShow Answer

A retailer targeting poor people is an example of the strategy called

Correct AnswerverifiedShow Answer

A major leadership initiative for enhancing a learning organization is to

Correct AnswerverifiedShow Answer

A key part of knowledge management in organizations is

Correct AnswerverifiedShow Answer

The purpose of a SWOT analysis is to assess

Correct AnswerverifiedA

An effective vision statement is usually about 100 words long.

Correct AnswerverifiedShow Answer

According to the honest conversation approach to refining organizational strategy, a task force of managers discusses problems they have uncovered with implementing strategy.

Correct AnswerverifiedShow Answer

A key characteristic of strategic thinking is that it involves high-level cognitive activity on the part of the leader.

Correct AnswerverifiedShow Answer

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A

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