In a simple structure where the owner manager makes most of the important decisions,
extensive rules and regulations are used to maintain order.
In emerging economies and continental Europe, principal-principal conflicts are
frequent. These consist of conflicts between controlling shareholders and executives.
In considering the business from the customer perspective using the balanced scorecard,
company performance is essential.
Diversification initiatives must be justified by the creation of value for shareholders.
A key function of the leaders in a learning organization is to generate an
organization-wide commitment to the status quo.
Short-term objectives and action plans are types of boundaries that channel the efforts
of employees toward goal accomplishment.
The SWOT analysis can show managers how to achieve a competitive advantage.
Leaders who fail to institute proper systems and controls that facilitate ethical conduct
share responsibility with those who conceive, execute, and knowingly benefit from
corporate misdeeds.
Continuous monitoring enhances the ability of the organization to respond with speed
and flexibility.
Horizontal organization structures facilitate resource sharing and help to create a sense
of common purpose.
The bargaining power of suppliers increases as ____________.
A. more suppliers enter the market
B. importance of buyers to supplier group increases
C. switching costs for buyers decrease
D. threat of forward integration by suppliers increases
Changes in our economy have forced firms to be more concerned with protecting their
______.
A. knowledge workers
B. social capital
C. intellectual capital
D. all of these
Nike is a company that makes use of the concept of product expatriates. Product
expatriates are _____________.
A. managers from the home country sent abroad to oversee the marketing of company
products
B. managers from suppliers who come to work at the company headquarters
C. managers of the company sent abroad to work at the plants of its suppliers
D. local nationals hired by the company in the countries from which it sources products
According to the text, for an entrepreneurial start-up to be successful, three ingredients
are critical. What are they?
A. good ideas, a team of investors, and a business plan
B. a viable opportunity, available resources, and a qualified and motivated founding
team
C. an opportunity, a marketing plan, and office space
D. management, marketing, and money
According to Henry Mintzberg, decisions following from the strategic analysis of the
firm are its:
A. emergent strategy
B. deliberate strategy
C. intended strategy
D. realized strategy
Which of the following is not a reason for the successful turnaround that Ford
experienced in 2011 under CEO Mulally?
A. downsizing through the sale of non-Ford brands
B. focus on a narrower range of cars
C. tightening of the product design across brands
D. increasing its manpower across the company
_____________ tracks the evolution of environmental trends, sequences of events, or
streams of activities.
A. Environmental scanning
B. Environmental monitoring
C. Environmental surveying
D. Competitive intelligence
Which of the following statements would least likely be found in a corporate credo?
A. maximize financial benefits for stakeholders at any cost
B. provide secure and stable employment for employees
C. establish an environment that enhances professional growth
D. support community organizations and projects
Social network analysis is helpful because the configuration of the group member social
ties within and outside the group affects the extent to which members connect to
individuals who do all of the following EXCEPT ______________.
A. convey needed resources
B. have the opportunity to exchange information and support
C. ensure that everyone has the same perspective on strategic and operational issues
D. have the motivation to treat each other in positive ways
Which of the below best describes the competitive tendencies of small firms?
A. Small firms tend to signal their competitive actions long before they launch those
actions, because they lack legitimacy in the marketplace
B. Small firms typically have more resources available as they undertake competitive
attacks than do large firms.
C. Small firms are more nimble and can respond quickly to competitive attacks.
D. Small firms are more nimble and cannot respond quickly to competitive attacks.
A manager whose role is to question the viability of corporate venture projects is known
as a(n)
A. product champion
B. exit champion
C. rising star
D. mentor