Understanding Business Strategy Concepts Plus 3rd Edition by R. Duane Ireland Test Bank

Understanding Business Strategy Concepts Plus 3rd Edition by R. Duane Ireland Test Bank

Chapter 2 – Leading Strategically

TRUE/FALSE

1.The job of strategic leadership is reserved for top managers. Managers at lower levels can not be strategic leaders.

ANS: F PTS: 1 REF: Page 26 OBJ: Learning Objective 1

KEY:Comprehension

MSC:AACSB: Analytic | Management: Leadership Principles | Dierdorff & Rubin: Learning, Motivation, & Leadership

2.In order to be successful, strategic leaders must only make revolutionary changes when they are new to an organization.

ANS: F PTS: 1 REF: Page 26-28 OBJ: Learning Objective 1

KEY:Comprehension

MSC:AACSB: Analytic | Management: Leadership Principles | Dierdorff & Rubin: Learning, Motivation, & Leadership

3.The jobs of CEO and Chairman of the Board of Directors are essentially the same.

ANS: F PTS: 1 REF: Page 25-26 OBJ: Learning Objective 1

KEY:Conceptual

MSC: AACSB: Analytic | Management: Strategy | Dierdorff & Rubin: Strategic & Systems Skills

4.Today’s strategic leaders generally involve others in strategic management.

ANS: T PTS: 1 REF: Page 29 OBJ: Learning Objective 1

KEY:Comprehension

MSC: AACSB: Analytic | Management: Strategy | Dierdorff & Rubin: Learning, Motivation, & Leadership

5.Developing the top management team and a plan for management succession are important strategic leadership actions.

ANS: T PTS: 1 REF: Page 29-31 OBJ: Learning Objective 1

KEY:Knowledge

MSC: AACSB: Analytic | Management: Strategy | Dierdorff & Rubin: Learning, Motivation, & Leadership

6.A company’s mission statement should be more concrete than the vision.

ANS: T PTS: 1 REF: Page 28 OBJ: Learning Objective 2

KEY:Knowledge

MSC: AACSB: Analytic | Management: Strategy | Dierdorff & Rubin: Strategic & Systems Skills

7.When firms are performing poorly they are more likely to use an outside CEO succession.

ANS: T PTS: 1 REF: Page 28 OBJ: Learning Objective 4

KEY:Comprehension

MSC: AACSB: Analytic | Management: Strategy | Dierdorff & Rubin: Strategic & Systems Skills

8.Wal-Mart was ranked #1 on Fortune’s  Most Admired Companies rankings from 2006-2008..

ANS: F PTS: 1 REF: Page 29 OBJ: Learning Objective 2

KEY:Knowledge

MSC: AACSB: Analytic | Management: Strategy | Dierdorff & Rubin: Strategic & Systems Skills

9.The top management team at most firms is composed of people with the title of General Manager and higher.

ANS: F PTS: 1 REF: Page 29-30 OBJ: Learning Objective 3

KEY:Knowledge

MSC: AACSB: Analytic | Management: Strategy | Dierdorff & Rubin: Strategic & Systems Skills

10.When CEOs select members of their top management team, they usually prefer people who think differently from them and who will be willing to disagree with them.

ANS: F PTS: 1 REF: Page 29 OBJ: Learning Objective 3

KEY:Comprehension

MSC: AACSB: Analytic | Management: Strategy | Dierdorff & Rubin: Strategic & Systems Skills