mana 4322 ch 1

Strategy formulation and implementation is a challenging ongoing process. To be effective, it should not involve:

Peter Senge, of MIT, recognized three types of leaders. __________ are individuals that, although having little positional power and formal authority, generate their power through the conviction and clarity of their ideas.

According to the text, the strategic management process entails three ongoing processes:

An organization is responsible to many different entities. In order to meet the demands of these groups, organizations must participate in stakeholder management. Stakeholder management means that:

Examples of __________ include: To be the happiest place on earth (Disneyland), and Restoring patients to full life (Medtronic).

Effective vision statements include:

The text argues that a strategic perspective in an organization should be emphasized:

There are several perspectives of competition. One perspective is zero-sum thinking. Zero-sum thinking means that:

Vision statements are used to create a better understanding of the overall purpose and direction of the organization. Vision statements:

__________ may be considered the advance work that must be done in order to effectively formulate and implement strategies.

Procter and Gamble has perfected a technique for compacting cleaning powder into a liquid concentration. Consumers, retailers, shipping and wholesalers, and environmentalists all have benefited from the resulting change in consumer shopping habits and the revolution in industry supply-chain economics. According to the text, this is an example of __________.

Leadership is a necessary (but not sufficient) condition for organizational success. Leaders should emerge at which level(s) of an organization?

The four key attributes of strategic management include all of the following EXCEPT:

Successful organizations are effective in motivating people. Employees work best when:

The organizational versus the individual rationality perspective suggests that:

According to Henry Mintzberg, the realized strategies of a firm:

WellPoint Health Network states: WellPoint will redefine our industry: through a new generation of consumer-friendly products that put individuals back in control of their future. This is an example of a:

Management innovations such as total quality, benchmarking, and business process reengineering cannot lead to sustainable competitive advantage because:

The vision and mission statements of a company set the overall direction of the organization. Strategic objectives serve what role?

All of the following are ambidextrous behaviors EXCEPT:

Stakeholders are:

Many organizations have a large number of functional areas with very diverse and sometimes competing interests. Such organizations will be most effective if:

In large organizations, conflicts can arise between functional areas. In order to resolve these conflicts, strategic objectives:

According to the text, the triple bottom line approach to corporate accounting includes three components:

Fortune Brands states they will cut corporate overhead costs by $30 million a year. This is an example of a:

While working to prioritize and fulfill their responsibilities, members of the board of directors of an organization should:

The three participants in corporate governance are:

According to Henry Mintzberg, decisions following from the strategic analysis of the firm are its:

The four key attributes of strategic management include the idea that:

Effectiveness is often defined as:

Managers should do more than just focus on short-term financial performance. One concept that helps managers do this is stakeholder symbiosis. This means that:

A CEO made a lot of mistakes in assessing the market and the 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.

In contrast to the vision of an organization, its mission should:

We want to be the top-ranked supplier to our customers. (PPG) This is an example of a:

Members of boards of directors are:

The hierarchy of organizational goals is in this order (least specific to most specific):

Firms must be aware of goals other than short-term profit maximization. One area of concern should be social responsibility which is:

__________ involves ensuring proper strategic controls and organizational designs.

Peter Senge, of MIT, recognized three types of leaders. __________ champion and guide ideas, create a learning infrastructure, and establish a domain for taking action.

The text addresses two perspectives of leadership as well as their implications. These two perspectives are: