1.award:10 out of10.00 pointsThe four key attributes of strategic management do not includeneeding to incorporate short-term and long-term perspectives excluding consideration of the trade-offs between efficiency and effectivenessdirecting the organization toward overall goals and objectiveshaving multiple stakeholders in decision making2.award:10 out of10.00 pointsThe textbook suggests that a new conception of capitalism redefines the purpose of the corporation as creating shared value, not just profit. TrueFalse3.award:10 out of10.00 pointsCompetitive advantages that are unique, valuable, and difficult for rivals to copy are likely to make these advantagesfocusedtargeted sustainablepopular4.award:10 out of10.00 pointsAmbidexterity in a strategic context refers to the challenge for a manager to align resources to take advantage of existing products and explore new opportunitiesbalance a personal natural instinct to think short-term with the long-term sustainability of the firmbalance the constraints of low-cost with differentiationcreate a synergy between personal and professional goals5.award:10 out of10.00 pointsAmong the leaders needed for an effective strategic management process are ________, who, although they have little positional power andformal authority, generate their power through the conviction and clarity of their ideas. internal networkerslocal line leadersexecutive leaderstriple bottom line advocates6.award:10 out of10.00 pointsManagement, the board of directors, and ______ are the primary participants in corporate governance.some lower level employeesgovernment officialscustomers shareholders7.award:0 out of10.00 pointsManagement innovations such as total quality, benchmarking, and business process reengineering can lead to sustainable competitiveadvantage. TrueFalse8.award:10 out of10.00 pointsVision statements are less specific than strategic objectives. TrueFalse9.award:10 out of10.00 pointsWhich of the following is NOT one of the recommended criteria for strategic objectives?measurablerealisticappropriate sustainable10.award:10 out of10.00 pointsStakeholder symbiosis is in direct contrast with ________ thinking. zero sumcreativeemergent strategicleadership11.award:10 out of10.00 pointsWhat is the hierarchy of organizational goals (from the least specific to the most specific)? vision statements, mission statements, strategic objectivesmission statements, vision statements, strategic objectivesstrategic objectives, mission statements, vision statementsvision statements, strategic objectives, mission statements12.award:10 out of10.00 pointsAt what level in the organization should the strategic management perspective be emphasized?at the top of the organization throughout the organizationat the middle of the organizationfrom the bottom up in an organization13.award:10 out of10.00 pointsThe three components of the __________ approach to corporate accounting include financial, environmental, and social performancemeasures. triple bottom linetriple efficiencystakeholdertriple dimension14.award:10 out of10.00 pointsIn the ________ view of leadership, the leader is seen as the key force in determining the organization’s success or lack thereof.personal romanticexternalinternal15.award:10 out of10.00 pointsWhat do effective vision statements include?specific plansleadership massive inspirationmeasures16.award:10 out of10.00 points________ tend to be quite enduring and seldom change.strategic plans vision statementsmission statementsstrategic objectives17.award:10 out of10.00 pointsStrategic management involves the recognition that both effectiveness and efficiency must be fully satisfied.True False18.award:10 out of10.00 pointsThe idea that organizations are not only accountable to stockholders but also to the community-at-large is known as social responsibility. TrueFalse19.award:10 out of10.00 pointsThe only stakeholders that matter for an organization are the shareholders.True False20.award:10 out of10.00 pointsA good manager can be flexible when it comes to sticking to the original plan; to get good results the intended strategy does not have tobecome the realized strategy. TrueFalse1.award:10 out of10.00 pointsThe four key attributes of strategic management do not includeneeding to incorporate short-term and long-term perspectives excluding consideration of the trade-offs between efficiency and effectivenessdirecting the organization toward overall goals and objectiveshaving multiple stakeholders in decision making2.award:10 out of10.00 pointsThe textbook suggests that a new conception of capitalism redefines the purpose of the corporation as creating shared value, not just profit. TrueFalse3.award:10 out of10.00 pointsCompetitive advantages that are unique, valuable, and difficult for rivals to copy are likely to make these advantagesfocusedtargeted sustainablepopular4.award:10 out of10.00 pointsAmbidexterity in a strategic context refers to the challenge for a manager to align resources to take advantage of existing products and explore new opportunitiesbalance a personal natural instinct to think short-term with the long-term sustainability of the firmbalance the constraints of low-cost with differentiationcreate a synergy between personal and professional goals5.award:10 out of10.00 pointsAmong the leaders needed for an effective strategic management process are ________, who, although they have little positional power andformal authority, generate their power through the conviction and clarity of their ideas. internal networkerslocal line leadersexecutive leaderstriple bottom line advocates6.award:10 out of10.00 pointsManagement, the board of directors, and ______ are the primary participants in corporate governance.some lower level employeesgovernment officialscustomers shareholders7.award:0 out of10.00 pointsManagement innovations such as total quality, benchmarking, and business process reengineering can lead to sustainable competitiveadvantage. TrueFalse8.award:10 out of10.00 pointsVision statements are less specific than strategic objectives. TrueFalse9.award:10 out of10.00 pointsWhich of the following is NOT one of the recommended criteria for strategic objectives?measurablerealisticappropriate sustainable10.award:10 out of10.00 pointsStakeholder symbiosis is in direct contrast with ________ thinking. zero sumcreativeemergent strategicleadership11.award:10 out of10.00 pointsWhat is the hierarchy of organizational goals (from the least specific to the most specific)? vision statements, mission statements, strategic objectivesmission statements, vision statements, strategic objectivesstrategic objectives, mission statements, vision statementsvision statements, strategic objectives, mission statements12.award:10 out of10.00 pointsAt what level in the organization should the strategic management perspective be emphasized?at the top of the organization throughout the organizationat the middle of the organizationfrom the bottom up in an organization13.award:10 out of10.00 pointsThe three components of the __________ approach to corporate accounting include financial, environmental, and social performancemeasures. triple bottom linetriple efficiencystakeholdertriple dimension14.award:10 out of10.00 pointsIn the ________ view of leadership, the leader is seen as the key force in determining the organization’s success or lack thereof.personal romanticexternalinternal15.award:10 out of10.00 pointsWhat do effective vision statements include?specific plansleadership massive inspirationmeasures16.award:10 out of10.00 points________ tend to be quite enduring and seldom change.strategic plans vision statementsmission statementsstrategic objectives17.award:10 out of10.00 pointsStrategic management involves the recognition that both effectiveness and efficiency must be fully satisfied.True False18.award:10 out of10.00 pointsThe idea that organizations are not only accountable to stockholders but also to the community-at-large is known as social responsibility. TrueFalse19.award:10 out of10.00 pointsThe only stakeholders that matter for an organization are the shareholders.True False20.award:10 out of10.00 pointsA good manager can be flexible when it comes to sticking to the original plan; to get good results the intended strategy does not have tobecome the realized strategy. TrueFalse