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The management of Wong Industries showed a commitment to ______ by increasing the salary of many female employees to meet its goal of having equal pay for women and men who perform comparable work.


A) scenario planning
B) upper-echelons theory
C) product-oriented vision
D) organizational values

E) B) and C)
F) A) and D)

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Blue Billion Inc.is a large company that sells a variety of products such as cosmetics,jewelry,frozen foods,navigation electronics,and airplanes.Apart from this,the company also has a strong presence in the service industry through its chain of dance studios,casinos,and nightclubs.Each of its product divisions operates as an individual business and is responsible for its own profits and losses.Thus,these product divisions under Blue Billion can be referred to as


A) limited liability companies.
B) functional departments.
C) strategic business units.
D) corporations.

E) None of the above
F) B) and C)

Correct Answer

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The critics of top-down strategic planning and scenario planning argue that


A) the strategies developed through these approaches are primarily based on an inspirational vision and not on hard data.
B) these approaches do not believe that we can predict the future from the past.
C) the development of strategies through these approaches is highly dependent on experience of front-line employees.
D) these approaches do not allow for the necessary strategic thinking.

E) C) and D)
F) B) and C)

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Trung has been an employee with PureEnergy Inc.for 15 years.He started with an entry-level job,and today he is a manager of an entire division.Over the years,Trung has acquired a reputation for doing the right things in the company.Hence,as an efficient leader,he is capable of effectively communicating and motivating his subordinates to work toward the company's vision and mission.According to the Level-5 leadership pyramid,which is the highest level of leadership Trung has reached so far?


A) Level 5
B) Level 4
C) Level 3
D) Level 2

E) A) and B)
F) A) and D)

Correct Answer

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When do employees fail to adopt the organizational values of a firm?


A) when the internal stakeholders of the firm are involved in designing the values
B) when the top managers in the firm are merely paying lip service to the firm's stated values
C) when the strategic leaders in the firm propagate and exhibit the same values
D) when the organizational structure, such as its strategic decision making, is aligned with its values

E) A) and D)
F) C) and D)

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In a large company,who is most responsible for devising the corporate strategy?


A) the CEO of the company
B) the lower-level employees in the company
C) the head of the production department in the company
D) the human resource manager in the company

E) A) and B)
F) All of the above

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Visionary companies are able to outperform their competitors because


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.

E) C) and D)
F) A) and B)

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A company uses the planned emergence approach in the development of its strategies.Which of the following is an implication of this?


A) The employees will be isolated from the process of setting the company's vision and mission.
B) The lower-level employees will be restricted to the tasks involved in strategic implementation.
C) The company's organizational structure and systems will be designed to support bottom-up strategic initiatives.
D) The top management will create a strategy that is based on hard data alone, rather than an inspiring vision.

E) None of the above
F) A) and C)

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Who among the following is responsible for making business strategies in a large conglomerate?


A) the board of directors at the headquarters
B) the shareholder of the company
C) the lower-level employees in the company
D) the general managers of individual business units

E) A) and D)
F) None of the above

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The pharmaceutical company Merck's new drug Vioxx was a blockbuster,generating revenues of $2.5 billion a year by 2002 and growing fast.When allegations began to appear in the medical community,Merck announced the voluntary withdrawal of Vioxx from the market.In this example,Merck provides an example of what can happen if a company deviates from its


A) voluntary responsibilities.
B) realized strategy.
C) core values.
D) strategic decisions.

E) C) and D)
F) A) and D)

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The CEO of Sam's Club,Rosalind Brewer,reports to Walmart's CEO,C. Douglas McMillon, who as corporate executive oversees Walmart's entire operations. Sam's Club, therefore, is a _____ of Walmart.


A) corporate partner
B) strategic business unit
C) branch office
D) house brand manufacturer

E) B) and D)
F) A) and B)

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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?


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

E) B) and C)
F) C) and D)

Correct Answer

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Teddiez Inc.is a company that manufactures and sells stuffed toys.It sources its materials from another country to keep costs low.A sales personnel in one of its retail stores noticed that there was increasing concern regarding the potential toxicity of the materials in the dolls.In response,she found an economical,organic,and nontoxic cloth filling that the company could use.When her manager learned about this,he presented the prospect and got it approved from the top management team.This is an example of the


A) top-down strategic planning approach.
B) planned emergence approach.
C) scenario planning process.
D) reverse engineering process.

E) B) and C)
F) None of the above

Correct Answer

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Strategic commitments are actions that are


A) inexpensive.
B) long-term oriented.
C) easy to reverse.
D) easy to imitate.

E) B) and D)
F) None of the above

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Which of the following best describes a Level 5 manager in the Level-5 leadership pyramid?


A) Connie is an employee who just started her career at DK Inc.; she has already been appreciated for her knowledge and skills in the new company.
B) Dmitri is an employee at Infinite Circle Inc.; he has helped his team achieve their targets by contributing to the team's efforts.
C) Luigi is part of the marketing team at RT Corp.; he has been given the charge of managing a team of three, so he will be promoted to a manager's position next month.
D) Asoka is the CEO of Green Machines Inc.; he has helped his company in gaining and sustaining a competitive advantage through ethical decision making.

E) A) and B)
F) A) and C)

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To implement specific business strategies,general managers of strategic business units rely on


A) external stakeholders.
B) corporate executives.
C) strategic leaders.
D) functional managers.

E) All of the above
F) C) and D)

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Which of the following managers in the Level-5 leadership pyramid are most capable of leading their organizations into great success by guiding the organizations toward building a sustainable competitive advantage?


A) Level 1
B) Level 2
C) Level 3
D) Level 5

E) A) and B)
F) B) and C)

Correct Answer

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Jorge is part of a sales team.He effectively coordinates his tasks with others in the team and willingly contributes to their efforts in achieving the team's objectives.Thus,Jorge is in _____ of the Level-5 leadership pyramid.


A) Level 5
B) Level 4
C) Level 3
D) Level 2

E) C) and D)
F) B) and C)

Correct Answer

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A company's strategic business unit


A) does not need to adopt the overall corporate strategy.
B) is responsible for its own profit and loss.
C) is a division solely created to design strategies during turbulent times.
D) decides which industries and markets to compete in for an entire conglomerate.

E) All of the above
F) C) and D)

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Unplanned strategic initiatives taken by the _____ within an organization will be referred to as an emergent strategy.


A) suppliers and vendors of the organization
B) shareholders of the organization
C) team leads of project teams in the organization
D) corporate executives in the organization's headquarters

E) B) and C)
F) All of the above

Correct Answer

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Showing 21 - 40 of 110

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