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Exam 2: Strategic Leadership: Managing the Strategy Process

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Question 51

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_____ is best described as a rational process in which executives at a company's headquarters take primary responsibility to program future success of the company they lead.

A) Bottom-up strategic approach
B) Top-down strategic planning
C) Reverse mentoring
D) Emergent strategic plan

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Question 52

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Which of the following examples reflects the strongest vision?

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 53

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Which of the following is a customer-oriented vision?

Bauer Inc.is a company that manufactures plastics,fertilizers,tractors,and headphones under a single brand.The top management at Bauer has decided to enter the medical equipment industry based on its assessment of the profit potential in that industry.Which of the following strategies does this best illustrate?

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

Organizational values help individuals make choices that are

Molly Hue Apparels Inc.(MHA) had been outsourcing its production to less-developed countries in order to reduce its cost of production.With the emergence of its competitor,Hova Inc.,MHA lost its competitive advantage.Hova had its production units in its home country that allowed the company to bring out the latest trends to the market earlier than MHA.Also,MHA frequently suffered due to political instability and lack of intellectual property laws in the outsourced countries.Thus,parts of MHA's strategies became obsolete and it had to relocate its production.What are such obsolete strategies referred to as in the planned emergence model?

Which of the following best illustrates a strategic business unit (SBU) ?

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

In Strategy Highlight 2.2,what type of strategy did Diana,the Starbucks store manager in southern California,use to develop the new iced beverage for her store?

Top-down strategic planning works best when the

_____ is best described as a strategy process in which organizational structure and systems allow bottom-up strategic initiatives to emerge and be evaluated and coordinated by top management.

As a part of strategy formulation,a firm's functional strategy primarily concerns questions relating to

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

To support the rise of emergent strategies,an organization should

When parts of a firm's intended strategy fall by the wayside due to unpredictable events,it turns into a(n) _____ strategy.

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

According to the Level-5 leadership pyramid,a manager in Level 1 typically

T & R Autos Inc.is a large conglomerate that operates in 12 different countries.The corporate executives at the headquarters have decided that the company's objective for the next two years will be to increase its customer equity.Based on this guideline received from the top management team,the product leader of the home appliances division has decided to adopt a cost-leadership strategy in all his 12 units.Thus,the decision made by the product leader best illustrates a _______ strategy.

What is the strategic management process?