ANSWER:
a
58. Mintzberg advocated strategy as action in which
a.
intended strategy is always superseded by emergent strategy.
b.
emergent strategy can arise in addition to intended strategy.
c.
top-down planning is most conducive to emergent strategy.
d.
bottom-up planning and flexibility are avoided as part of strategic planning.
ANSWER:
b
59. Chandler advocated strategy as integration, a perspective in which
a.
intended strategy is always superseded by emergent strategy.
b.
strategy is neither solely about plan nor action but integrates both.
c.
top-down planning integrates a “know yourself” philosophy.
d.
bottom-up planning and flexibility are avoided as part of strategic planning.
ANSWER:
b
60. Which of the following is an advantage of “strategy as theory”?
a.
It integrates both planning and action schools.
b.
It requires replications but no need for experimentations.
c.
It negates the difficulty of strategic change.
d.
It serves the single purpose of prediction.
ANSWER:
a
61. When it comes to strategic work as defined by A. G. Lafley, CEOs are primarily responsible for
a.
overseeing the tactical aspects of a firm’s work.
b.
shaping the values and standards of the firm.
c.
calling and presiding over strategy meetings.
d.
delegating the responsibility for making strategic choices.
ANSWER:
b
62. When considering the management quality scores, which country most closely matches the U.S. density for distribution of well-managed and poorly managed firms?
a.
United Kingdom
b.
Portugal
c.
China
d.
Greece
ANSWER:
a
63. What are the three dimensions of a firm's triple bottom line?
a.
Customer, internal, financial
b.
Economic, social, environmental
c.
Stakeholder, competitor, innovator
d.
Innovation, learning, financial
ANSWER:
b
64. The _______ view primarily focuses on the _______ in a SWOT analysis.
a.
industry-based; OT
b.
resource-based; OT
c.
industry-based; S and T
d.
resource-based; W and O
ANSWER:
a
65. In an institution-based view of strategy, the informal rules of the game
a.
must be avoided because global business is not a mere game.
b.
are being replaced by formal rules.
c.
often require that the firm seek to change those rules rather than going along with them.
d.
need to be understood by firms.
ANSWER:
d
66. Which of the following best captures the concept of diversification?
a.
It is a relatively new concept in Western business.
b.
It is believed by Western media to destroy value in emerging economies.
c.
It is a poor idea and results in low to no profitability in emerging economies.
d.
It should be dismantled in emerging economies, based on recent research.
ANSWER:
b
67. In looking at strategy, which of the following is one of the fundamental four questions considered by the authors?
a.
Why do firms differ?
b.
Is a firm's performance measured by financial returns or market share?
c.
What determines whether a firm is profitable?
d.
Who are our true stakeholders?