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36.
The pharmaceutical company Merck's new drug Vioxx was a blockbuster, generating
revenues of $2.5 billion a year by 2002 and growing fast. When allegations began to
appear in the medical community, Merck announced the voluntary withdrawal of Vioxx
from the market. In this example, Merck provides an example of what can happen if a
company deviates from its
37.
The _____ is a conceptual framework that views organizational outcomes—strategic
choices and performance levels—as reflections of the values of the members of the top
management team, who interpret situations through the lens of their unique perspectives.
38.
According to the upper-echelons theory, the organizational outcomes of a company
primarily reflect the values of the
39.
According to the Level-5 leadership pyramid, a manager in Level 1 typically
40.
Jorge is part of a sales team. He effectively coordinates his tasks with others in the team
and willingly contributes to their efforts in achieving the team's objectives. Thus, Jorge is
in _____ of the Level-5 leadership pyramid.
41.
According to the Level-5 leadership pyramid, a manager at Level 3 has acquired the ability
to
42.
Jason is a manager. His colleagues and subordinates look up to him as a man who always
does the right things. Along with other skills, his ability to effectively organize and deploy
resources like man power, material, and money has been appreciated by his seniors.
According to the Level-5 leadership pyramid, which of the following levels would be the
immediate next step for Jason?
43.
Trung has been an employee with PureEnergy Inc. for 15 years. He started with an entry-
level job, and today he is a manager of an entire division. Over the years, Trung has
acquired a reputation for doing the right things in the company. Hence, as an efficient
leader, he is capable of effectively communicating and motivating his subordinates to work
toward the company's vision and mission. According to the Level-5 leadership pyramid,
which is the highest level of leadership Trung has reached so far?
44.
According to the Level-5 leadership pyramid, a manager turns into an executive who is
capable of building lasting greatness into the organization through a combination of
willpower and humility when he or she reaches
45.
During an assessment of employees and leaders in a company, Ethan Browne was
categorized as a Level 5 manager in the Level-5 leadership pyramid. Which of the
following can be inferred from this information?
46.
Which of the following managers in the Level-5 leadership pyramid are most capable of
leading their organizations into great success by guiding the organizations toward building
a sustainable competitive advantage?
47.
Which of the following best describes a Level 5 manager in the Level-5 leadership
pyramid?
48.
Which of the following summarizes the difference between corporate strategy and
business strategy?
49.
The management team at Clear Solutions, Inc. decided to build a branch office in
Memphis, Tennessee. Which of the following terms correctly describes this action?
50.
Corporate executives at LikeReal, Inc. decide to compete in the remote model airplane
industry by making the largest model planes available. By doing this, they completed part
of their
51.
The CEO of Sam's Club, Rosalind Brewer, reports to Walmart's CEO, C. Douglas McMillon,
who as corporate executive oversees Walmart's entire operations. Sam's Club, therefore, is
a _____ of Walmart.
52.
As a part of strategy formulation, corporate strategy concerns questions relating to
53.
The CEO of True West Products Inc. (TWP) is a company that sells a wide range of
products. It has decided to enter the markets of emerging nations like China and Brazil.
This means that the cars, consumer electronics, and services such as hotels included
under the TWP banner would be made available in these nations. Which of the following
strategies does this scenario best illustrate?
54.
As a part of strategy formulation, a firm's functional strategy primarily concerns questions
relating to
55.
In a large company, who is most responsible for devising the corporate strategy?
2-33
56.
Which of the following statements is true of corporate strategy?
57.
Bauer Inc. is a company that manufactures plastics, fertilizers, tractors, and headphones
under a single brand. The top management at Bauer has decided to enter the medical
equipment industry based on its assessment of the profit potential in that industry. Which
of the following strategies does this best illustrate?
58.
Due to political instability in the country of United Mapa, the strategic leaders at the
headquarters of FT Supplies Inc. have decided to divest the company's business from the
foreign market in United Mapa. This decision would be applicable to all the business units
of FT Supplies Inc. operating in United Mapa. Thus, this is a
59.
A(n) _____ is best described as a stand-alone division of a larger conglomerate, with its
own profit-and-loss responsibility.
60.
Which of the following best illustrates a strategic business unit (SBU)?
61.
A company's strategic business unit
62.
Who among the following is responsible for making business strategies in a large
conglomerate?
63.
Blue Billion Inc. is a large company that sells a variety of products such as cosmetics,
jewelry, frozen foods, navigation electronics, and airplanes. Apart from this, the company
also has a strong presence in the service industry through its chain of dance studios,
casinos, and nightclubs. Each of its product divisions operates as an individual business
and is responsible for its own profits and losses. Thus, these product divisions under Blue
Billion can be referred to as
64.
Which of the following strategies best illustrates a generic business strategy?
65.
Which of the following functions do the general managers in strategic business units
primarily perform?
