d.
develops products that other companies do not offer.
36. A powerful strategy for gaining competitive advantage is to:
a.
hire talented, well-motivated people throughout the firm.
b.
develop the talents among the least talented employees.
c.
hire the occasional candidate with a poor employment history to be socially responsible.
d.
promote employees on the basis of seniority to encourage company loyalty.
Formulated by Leaders.”
13.3 – Identify a number of current business strategies.
United States – BUSPROG – Analytic
United States – OHIO – DISC: Leadership Principles
A Sampling of Business Strategies Formulated by Leaders
Bloom’s: Knowledge
Digital story: Engage
37. Which one of the following is NOT one of the three components of knowledge management?
a.
Knowledge creation
b.
Knowledge hoarding
c.
Knowledge dissemination
d.
Knowledge application
“Knowledge Management and the Learning Organization.”
United States – BUSPROG – Analytic
United States – OHIO – DISC: Leadership Principles
Knowledge Management and the Learning Organization
United States – BUSPROG – Analytic
United States – OHIO – DISC: Leadership Principles
A Sampling of Business Strategies Formulated by Leaders
Bloom’s: Knowledge
Digital story: Engage
38. The most frequent activity in knowledge management is:
a.
knowledge development.
b.
knowledge application.
c.
knowledge dissemination.
d.
knowledge creation.
“Knowledge Management and the Learning Organization.”
United States – BUSPROG – Analytic
United States – OHIO – DISC: Leadership Principles
Knowledge Management and the Learning Organization
Bloom’s: Comprehension
Digital story: Connect
39. A key part of knowledge management in organizations is:
a.
b.
c.
d.
United States – BUSPROG – Analytic
United States – OHIO – DISC: Leadership Principles
Knowledge Management and the Learning Organization
Bloom’s: Comprehension
Digital story: Connect
40. To achieve best results, advanced technology for knowledge management should be:
a.
centralized in a department headed by the chief knowledge officer.
b.
combined with an organizational culture that values knowledge management.
Bloom’s: Knowledge
Digital story: Engage
c.
installed on every computer in a company.
d.
installed first in staff departments and then in line departments.
41. A major responsibility of a chief knowledge officer is to:
a.
systematically collect information.
b.
encourage workers to track down coworkers who have the information they need.
c.
develop and deliver classroom-based training.
d.
develop and deliver online training.
United States – BUSPROG – Analytic
United States – OHIO – DISC: Leadership Principles
Knowledge Management and the Learning Organization
Bloom’s: Knowledge
Digital story: Engage
42. A major leadership initiative for enhancing a learning organization is to:
a.
establish supervisory training programs.
b.
get workers to focus almost entirely on their own work.
c.
create a vision to be shared mostly by the top-management team.
d.
create a strategic intent to learn.
Learning Organization.”
“Knowledge Management and the Learning Organization.”
United States – OHIO – DISC: Leadership Principles
Knowledge Management and the Learning Organization
Bloom’s: Knowledge
Digital story: Engage
43. Peter and his teammates engage in action learning when they:
a.
learn at a fast pace.
b.
bring company-relevant cases into the classroom.
c.
use the Internet as a primary source of learning.
d.
learn while attacking a significant organizational problem.
cycle time on a project. See “Knowledge Management and the Learning Organization.”
United States – BUSPROG – Analytic
United States – OHIO – DISC: Leadership Principles
Knowledge Management and the Learning Organization
Bloom’s: Knowledge
Digital story: Engage
44. Weston Corp., a dairy processing company, is located close to the local dairy farms from where it procures its daily
inputs. In the context of SWOT analysis, under which of the following components can this fact be included in the
company’s strategic planning analysis?
a.
External opportunities
b.
External threats
c.
Internal strengths
d.
Internal weaknesses
13.2 – Explain how to use the SWOT model to assist in strategic planning.
United States – BUSPROG: Analytic
United States – OHIO – DISC: Leadership Principles
Conducting a SWOT Analysis
United States – BUSPROG – Analytic
United States – OHIO – DISC: Leadership Principles
Bloom’s: Knowledge
Digital story: Engage
45. Daisy Inc.enjoys a monopoly in the procurement and distribution of coffee beans. The company undertakes a strategic
analysis of its market position. A local daily newspaper has published a report stating that a global coffee beans producer
is entering the region to set up retail stores in order to increase its efficiency in distribution. Daisy Inc. is most likely to
include this fact under which of the following components of a SWOT analysis?
a.
External opportunities
b.
External threats
c.
Internal strengths
d.
Internal weaknesses
13.2 – Explain how to use the SWOT model to assist in strategic planning.
United States – BUSPROG: Analytic
United States – OHIO – DISC: Leadership Principles
Conducting a SWOT Analysis
Bloom’s: Application
Digital story: Perform
46. Maddox Corp., a smartphone manufacturer, in the initial years of its entry into the market, adopted a deliberate
strategy of quickly capturing a sizeable portion of the market share by lowering the selling price of its smartphones.
Which business strategy has the company adopted in the given example?
a.
First-mover strategy
b.
Imitation strategy
c.
Focus strategy
d.
Cost-leadership strategy
market share. See “A Sampling of Business Strategies Formulated by Leaders.”
13.3 – Identify a number of current business strategies.
United States – BUSPROG: Analytic
United States – OHIO – DISC: Leadership Principles
A Sampling of Business Strategies Formulated by Leaders
Bloom’s: Application
Digital story: Perform
47. Simon Corp., a global financial services firm, has entered a region whose per capita income is very high. To make its
financial products more attractive, it introduces new schemes that specifically cater to high income groups. This is an
example of:
Bloom’s: Application
Digital story: Perform
a.
a strategic alliance.
b.
a cost-leadership strategy.
c.
a focus strategy.
d.
an acquisition strategy.
48. Amber Corp. and Kyler Corp., two major technology firms, have decided to operate together in specific areas such as
distribution and marketing for better utilization of the expertise available in both the the firms. This can be referred to as:
a.
an imitation.
b.
a strategic alliance.
c.
a differentiation strategy.
d.
a cost-leadership strategy.
13.3 – Identify a number of current business strategies.
United States – BUSPROG: Analytic
United States – OHIO – DISC: Leadership Principles
A Sampling of Business Strategies Formulated by Leaders
Bloom’s: Application
Digital story: Perform
49. Lorenzo Inc., a pharmaceutical company, has decided to purchase two major biotechnology research firms in order
expand its operations and enhance its market presence. This is an example of:
a.
growth through acquisition.
b.
product diversification.
c.
a strategic alliance.
d.
a first-mover strategy.
13.3 – Identify a number of current business strategies.
United States – BUSPROG: Analytic
United States – OHIO – DISC: Leadership Principles
A Sampling of Business Strategies Formulated by Leaders
Bloom’s: Application
Digital story: Perform
50. In the past several years, Dawson Inc., a consumer durables company, has been focusing only on a particular region
due to its forecasted potential for the durables industry. Due to recessionary conditions in the region, the sales of
Dawson’s products has been hit hard and resulted in severe losses. Which of the following strategies could prevent such a
scenario?
a.
Brand leadership
b.
First-mover strategy
c.
Global diversification
d.
Niche strategy
13.3 – Identify a number of current business strategies.
United States – BUSPROG: Analytic
United States – OHIO – DISC: Leadership Principles
A Sampling of Business Strategies Formulated by Leaders
Bloom’s: Application
Digital story: Perform
51. Caiden Inc., a leader in the apparel industry, wants to infuse change and add variety to its existing collection. The
company makes extensive use of social media to receive feedback, suggestions, and ideas from existing and potential
customers. This is an example of:
a.
knowledge hierarchy.
b.
knowledge application.
c.
knowledge dissemination.
d.
knowledge creation.
product. See “A Sampling of Business Strategies Formulated by Leaders.”
13.3 – Identify a number of current business strategies.
United States – BUSPROG: Analytic
United States – OHIO – DISC: Leadership Principles
A Sampling of Business Strategies Formulated by Leaders
Bloom’s: Application
Digital story: Perform
52. Felix Inc., a real estate company, wants to increase efficiency at work and improve customer experience. In pursuit of
this goal, it creates an online portal that could store relevant information on various aspects in a systematic manner. Users
can easily access required information. Which of the following captures the above mentioned scenario?
a.
Knowledge hierarchy
b.
Knowledge dissemination
c.
Knowledge creation
d.
Knowledge application
United States – BUSPROG: Analytic
United States – OHIO – DISC: Leadership Principles
Knowledge Management and the Learning Organization
Bloom’s: Application
Digital story: Perform
53. Arthur is the CEO of an export company. Over the years, the company has been highly successful and delivering
consistent results. Several analysts attribute this to Arthur’s leadership style that allowed his subordinates to take up
leadership roles and deliver efficient results. Which of the following best describes Arthur’s leadership style?
a.
Servant leadership
b.
Cost leadership
c.
Brand leadership
d.
Transactional leadership
United States – BUSPROG: Analytic
United States – OHIO – DISC: Leadership Principles
Bloom’s: Application
Digital story: Perform
54. Which of the following is true of the cost-leadership strategy?
a.
Competitors can easily enter the field.
b.
Profits can be maintained at a constant level in the long-run.
c.
Brand loyalty becomes more intense.
d.
Advertisement costs will decrease.
Sampling of Business Strategies Formulated by Leaders.”
13.3 – Identify a number of current business strategies.
United States – BUSPROG – Analytic
United States – OHIO – DISC: Leadership Principles
A Sampling of Business Strategies Formulated by Leaders
Bloom’s: Comprehension
Digital story: Connect
55. Which of the following is a contributing factor to team learning?
a.
Brand leadership
b.
Cost leadership
c.
Personal mastery of the job
d.
Exploitative innovation
United States – BUSPROG – Analytic
United States – OHIO – DISC: Leadership Principles
Knowledge Management and the Learning Organization
Bloom’s: Comprehension
Digital story: Connect
United States – BUSPROG: Analytic
United States – OHIO – DISC: Leadership Principles
Knowledge Management and the Learning Organization
Bloom’s: Application
56. Which of the following is a key characteristic of servant leadership?
a.
Focus on niche groups
b.
High power distance
c.
Hierarchical boundaries
d.
Caring for people
57. Jett Inc., an automobile manufacturer, uses solar energy to run about 30 percent of the automobile manufacturing
operations. Jett’s initiative can be referred to as:
a.
a strategic alliance.
b.
a green strategy.
c.
a hedgehog concept.
d.
transactional leadership.
13.3 – Identify a number of current business strategies.
United States – BUSPROG: Analytic
United States – OHIO – DISC: Leadership Principles
A Sampling of Business Strategies Formulated by Leaders
Bloom’s: Application
Digital story: Perform
58. Bradley Inc., a cell phone manufacturing company, has been experiencing a downward trend in its sales and profit in
recent times. The CEO of Bradley approaches its marketing advisor to suggest ideas and ways to regain market share and
sales. If you were the marketing advisor, what would you suggest to improve the company’s prospects?
Bradley Inc. requries a strategic plan. Strategic planning helps a manager lead strategically.
United States – BUSPROG – Analytic
United States – OHIO – DISC: Leadership Principles
Knowledge Management and the Learning Organization
Bloom’s: Comprehension
Digital story: Connect
59. Derek, the CEO of Kellen Inc., approaches his management consultant to ask for his suggestions on how to improve
his leadership skills to sustain and improve organizational performance. If you were the management consultant, what
would you suggest to Derek?
60. Desmond Inc., a high-end automobile company, aims to develop the firm into one that consistently endeavors to create
new knowledge and innovations. To gain more insights into this strategy, the CEO approaches the regional marketing
head of the company to ask for his advice. If you were the marketing head, what advice would you provide to the CEO?