Question 1

Executive leaders champion and guide ideas.

Accepted Answer

A) True 
 B)False

Question 2

Corporate-level strategy addresses how firms compete and outperform their rivals as well as achieve and sustain competitive advantages.

Accepted Answer

A) True 
 B)False

Question 3

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

Accepted Answer

A)   all parts of the organization gain at no loss.
B)   in order for someone to gain others must experience no gain or benefit.
C)   one can only gain at the expense of someone else.
D)   everyone in the organization shares gains and losses equally.E) B) and D)
F) All of the above

Question 4

To develop and mobilize people and other assets,leaders are needed throughout the organization.

Accepted Answer

A) True 
 B)False

Question 5

As a stakeholder group,communities are interested in good citizenship behavior.

Accepted Answer

A) True 
 B)False

Question 6

Strategic objectives should be measurable,specific,appropriate,and realistic,but not constrained by time deadlines.

Accepted Answer

A) True 
 B)False

Question 7

Ambidexterity refers to a manager's challenge to align resources,without having to take advantage of existing product markets or to proactively explore new opportunities.

Accepted Answer

A) True 
 B)False

Question 8

Which of the following is not an example of a financial strategic objective?

Accepted Answer

A)   Increase sales growth 6 percent to 8 percent and accelerate core net earnings growth from 13 percent to15 percent per share in each of the next 5 years. (Procter & Gamble) 
B)   Reduce volatile air emissions 15 percent by 2015 from 2010 base year, indexed to net sales. (3M) 
C)   Generate Internet-related revenue of $1.5 billion. (AutoNation) 
D)   Cut corporate overhead costs by $30 million per year. (Fortune Brands) E) A) and B)
F) A) and C)

Question 9

A key stakeholder group that is particularly susceptible to corporate social responsibility (CSR) initiatives is

Accepted Answer

A)   suppliers.
B)   rivals.
C)   government agencies.
D)   consumers.E) B) and C)
F) A) and B)

Question 10

Ambidextrous behaviors in individuals illustrate how a dual capacity for _______ can be woven into the fabric of an organization at the individual level.

Accepted Answer

A)   alignment and adaptability
B)   alignment and transparency
C)   alignment and internal linkages
D)   alignment and efficiencyE) None of the above
F) B) and D)

Question 11

The case for sustainability projects needs to be made on the basis of a more holistic and comprehensive understanding of all the _____________ benefits.

Accepted Answer

A)   measurable and unmeasurable
B)   financial and physical
C)   tangible and intangible
D)   measurable and physicalE) B) and C)
F) All of the above

Question 12

Stockholders in a company are the only individuals with an interest in the financial performance of the company.

Accepted Answer

A) True 
 B)False

Question 13

Partnering with governments,communities,suppliers,customers,and rivals is a way to manage conflicting stakeholder interests.

Accepted Answer

A) True 
 B)False

Question 14

Stakeholders make various claims on a company.Their interests must be taken into account in the strategic management process.

Accepted Answer

A) True 
 B)False

Question 15

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

Accepted Answer

A)   vision statements, strategic objectives, mission statements
B)   mission statements, strategic objectives, vision statements
C)   vision statements, mission statements, strategic objectives
D)   mission statements, vision statements, strategic objectivesE) A) and B)
F) None of the above

Question 16

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

Accepted Answer

A)   financial, environmental, and customer
B)   financial, organizational, and customer
C)   financial, environmental, and social
D)   financial, organizational, and psychologicalE) A) and B)
F) A) and C)

Question 17

The ROIs on sustainability projects are often very difficult to quantify because the data necessary to calculate ROI accurately are often not available when it comes to sustainability projects.

Accepted Answer

A) True 
 B)False

Question 18

According to the Corporate Citizenship poll conducted by Cone Communications,most Americans say they would be likely to switch brands to one associated with a good cause,if there are similarities between

Accepted Answer

A)   price and availability.
B)   availability and quality.
C)   price and quality.
D)   price and durability.E) A) and B)
F) A) and C)

Question 19

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

Accepted Answer

A)   expectation that business will strive to improve the overall welfare of society.
B)   idea that organizations are solely responsible to local citizens.
C)   fact that court costs could impact the financial bottom line.
D)   idea that businesses are responsible for maintaining a healthy social climate for their employees.E) A) and C)
F) None of the above

Question 20

All of the following are ambidextrous behaviors except

Accepted Answer

A)   taking initiative and being alert to opportunities beyond the job description.
B)   being cooperative and seeking opportunities to combine personal efforts with that of others.
C)   intensely focusing on the responsibilities of one individual and maximizing the output of the department in the organization in which that individual works.
D)   being brokers, always looking to build internal linkages.E) B) and C)
F) A) and C)

Exam 1: Strategic Management: Creating Competitive Advantages

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

Correct AnswerverifiedShow Answer

Corporate-level strategy addresses how firms compete and outperform their rivals as well as achieve and sustain competitive advantages.

Correct AnswerverifiedShow Answer

All of the following are ambidextrous behaviors except

Correct AnswerverifiedShow Answer

According to the Corporate Citizenship poll conducted by Cone Communications,most Americans say they would be likely to switch brands to one associated with a good cause,if there are similarities between

Correct AnswerverifiedShow Answer

Stakeholders make various claims on a company.Their interests must be taken into account in the strategic management process.

Correct AnswerverifiedShow Answer

Executive leaders champion and guide ideas.

Correct AnswerverifiedShow Answer

As a stakeholder group,communities are interested in good citizenship behavior.

Correct AnswerverifiedShow Answer

Strategic objectives should be measurable,specific,appropriate,and realistic,but not constrained by time deadlines.

Correct AnswerverifiedShow Answer

Ambidextrous behaviors in individuals illustrate how a dual capacity for _______ can be woven into the fabric of an organization at the individual level.

Correct AnswerverifiedShow Answer

The ROIs on sustainability projects are often very difficult to quantify because the data necessary to calculate ROI accurately are often not available when it comes to sustainability projects.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Partnering with governments,communities,suppliers,customers,and rivals is a way to manage conflicting stakeholder interests.

Correct AnswerverifiedShow Answer

Stockholders in a company are the only individuals with an interest in the financial performance of the company.

Correct AnswerverifiedShow Answer

A key stakeholder group that is particularly susceptible to corporate social responsibility (CSR) initiatives is

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Ambidexterity refers to a manager's challenge to align resources,without having to take advantage of existing product markets or to proactively explore new opportunities.

Correct AnswerverifiedShow Answer

Which of the following is not an example of a financial strategic objective?

Correct AnswerverifiedShow Answer

The case for sustainability projects needs to be made on the basis of a more holistic and comprehensive understanding of all the _____________ benefits.

Correct AnswerverifiedShow Answer

To develop and mobilize people and other assets,leaders are needed throughout the organization.

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified