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

33.	The text addresses two perspectives of leadership as well as their implications. These two perspectives are:    A.  romantic and unromantic B.  romantic and internal control C.  external control and unromantic D.  romantic and external control

34.

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.    A.  external control B.  romantic C.  internal mechanism D.  operational

35.	According to the text, the strategic management process entails three ongoing processes:    A.  analyses, actions, and synthesis B.  analyses, decisions, and actions C.  analyses, evaluation, and critique D.  analyses, synthesis, and antithesis

36.

Management innovations such as total quality, benchmarking, and business process reengineering cannot lead to sustainable competitive advantage because:    A.  companies that have implemented these techniques have lost money B.  there is no proof that these techniques work C.  they cost too much money and effort to implement D.  every company is trying to implement them and hence it does not make a company different from others

37.

The organizational versus the individual rationality perspective suggests that:    A.  what is good for a functional area is always good for the organization B.  what is good for the organization is always good for a functional area C.  what is best for a functional area may not be best for the organization D.  the incremental perspective may be best for functional areas while the "rational" perspective may be best for the organization

38.

The four key attributes of strategic management include the idea that:    A.  strategy must be directed toward overall organizational goals and objectives B.  strategy must be focused on long-term objectives C.  strategy must be focused on one specific area of an organization D.  strategy must focus on competitor strengths

39.

The four key attributes of strategic management include all of the following EXCEPT:    A.  including multiple stakeholder interests in decision making B.  incorporating both short-term and long-term perspectives C.  recognizing the trade-offs between effectiveness and efficiency D.  emphasis on the attainment of short-term objectives

40.	Effectiveness is often defined as:    A.  doing things right B.  stakeholder satisfaction C.  doing the right thing D.  productivity enhancement

Shell, NEC, and Procter and Gamble have been measuring their performance according to what has been called a triple bottom line. This technique involves an assessment of financial, social, and environmental performance.

21.	Shell, NEC, and Procter and Gamble have been measuring their performance according to what has been called a triple bottom line. This technique involves an assessment of financial, social, and environmental performance.    TRUE

22.	The strategic management process should be addressed only by top-level executives. Mid-level and low-level employees are best equipped to implement the strategies of the organization.    FALSE

23.	The vision of an organization is the top level of its hierarchy of organizational goals. The vision statement should be massively inspiring, overarching, and long term.    TRUE

24.	Strategic objectives are more specific than vision statements.    TRUE

25.

According to the text, a mission statement is an overarching statement that is massively inspiring, long term, and only discusses the purpose of the company.    FALSE A mission statement is a set of organizational goals that includes the purpose of the organization, its scope of operations, and the basis of its competitive advantage.

26.	A mission statement encompasses both the purpose of the organization as well as its basis of competition, and the basis of its competitive advantage.    TRUE

27.	Some excellent examples of mission statements are: To be the happiest place on earth (Disneyland) and Restoring patients to full life (Medtronic).    FALSE

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

29.	Much research has supported the notion that individuals work much harder when they are asked to do their best rather than when they are striving toward a specific goal.    FALSE

30.	Objectives in organizations should be clear, stated, and known by employees throughout the organization.    TRUE

31.	Strategic management should only include short-term objectives. Long-term objectives are covered in the vision statement of the organization.    FALSE

32.	Organizational goals and objectives should be vague in order to allow for changes in strategy.    FALSE