Deck 4: Strategic Organization: Purpose, Values, and Culture

Question 1

Profit maximization is…

A) An outcome
B) A purpose
C) The raison d'etre
D) A duty to shareholders

Answer 1

A

Question 2

Stakeholders should be 'kept informed' where they have:

A) Low power, high interest
B) Low power, low interest
C) High power, high interest
D) High power, low interest

Answer 2

A

Question 3

How many key questions does Kourdi (2015) outline for the creation of a stakeholder management strategy?

A) 5
B) 6
C) 8
D) 4

Answer 3

A

Question 4

Path dependency tells us that:

A) The prevailing culture and existing capabilities can become barriers to change
B) The prevailing culture and existing capabilities can become facilitators to change
C) The prevailing culture and existing capabilities have little to do with change
D) The prevailing culture and existing capabilities drive change

Question 5

Schein's third dimension of culture is that culture includes:

A) deeply held beliefs and assumptions
B) Routines but not beliefs
C) Non-religious beliefs only
D) Traditions of organizational routine

Question 6

How many categories does the cultural web contain?

A) 6
B) 8
C) 5
D) 7

Question 7

Which of the following are forward looking organizational statements?

A) A purpose statement
B) A value statement
C) A strategy statement
D) An annual statement
E) A mission statement
F) A vision statement

Question 8

Which of the following are KPIs comprising a balanced score card?

A) Financial and business performance
B) Customer and commercial performance
C) Operations and infrastructure
D) People, learning, and development
E) Marketing and reputation profile
F) Strategy and milestone attainment

Question 9

A key question to be asked in stakeholder mapping is 'How do the firm's stakeholders relate to each other, and how could these relationships be strengthened or leveraged further?'

Question 10

Peters and Waterman, in their book In Search of Excellence (Peters and Waterman 1982) argued that culture cannot be managed.