Question 1

Ralph is a well-liked manager at Aries Inc.He eloquently communicates the goals of the organization and has even been successful in making the organization's vision part of its culture.Which of the following characteristics of good strategic leaders can be observed in Ralph?

Accepted Answer

Ralph's ability to eloquently communicate the goals of the organization and make its vision part of its culture demonstrates strong communication skills, which is an important characteristic of a good strategic leader.

Question 2

Which of the following is not a cognitive bias?

Accepted Answer

"Ivory tower thinking" is not a recognized cognitive bias.

Question 3

Differentiate between general and functional managers.Provide an example of each from your college or university.

Accepted Answer

The answer of Differentiate between general and functional managers.Provide an...

Question 4

Identify and discuss the criticisms of the traditional strategic planning process and why it is useful to view strategy as an emergent process.

Accepted Answer

The answer of Identify and discuss the criticisms of the...

Question 5

Identify the levels of strategic managers and discuss their role in the strategic management process.

Accepted Answer

The answer of Identify the levels of strategic managers and...

Question 6

Describe at least three characteristics of strong strategic leaders.Explain how each of the three characteristics would help motivate and lead an organization's personnel.

Accepted Answer

The answer of Describe at least three characteristics of strong...

Question 7

Mike, the CEO of a retail chain, wanted to keep costs low.To set an example for others, he drove his own car and furnished his office with plain, metal desks.In this case, Mike was displaying:

Accepted Answer

Mike's actions show his commitment to keeping costs low and leading by example. He is willing to forego luxuries for the benefit of the company, which demonstrates a strong sense of commitment to the organization's goals.

Question 8

Explain the formal strategic planning process.Name each step in the process and describe the specific activities included in each step and the relationship between the steps.

Accepted Answer

The answer of Explain the formal strategic planning process.Name each...

Question 9

Karen, a manager at Libra Inc, had noticed that her subordinates were experiencing a lot of stress.After conducting a meeting with her subordinates, Karen realized that they were extremely overworked and daunted by close deadlines.Determined to reduce their stress, she introduced a new process that eliminated time-consuming activities and gave them more flexibility with regard to work timings.The action taken by Karen demonstrates which of the following aspects of emotional intelligence?

Accepted Answer

Karen's actions demonstrate empathy, as she recognized and understood her subordinates' stress and took steps to alleviate it by introducing a more flexible work process.

Question 10

Good strategic leaders:

Accepted Answer

Good strategic leaders possess a willingness to delegate and empower subordinates, as they recognize that they cannot do everything themselves and that their team members have unique skills and perspectives that can contribute to the success of the organization. Controlling all facets of decision making or making decisions without consulting others can limit the flow of ideas and hinder progress. Ensuring uniformity of purpose through the authoritarian exercise of power can lead to a lack of creativity and innovation, as well as a demotivated workforce. Inconsistency in approach can also create confusion and instability.

Question 11

Jeffrey Ffeffer believes that a manager's power comes from his or her:

Accepted Answer

According to Jeffrey Ffeffer, a manager's power comes from their control over important organizational resources, such as budget, staff, and technology. This control enables a manager to influence decision-making and enforce compliance among their subordinates. Prioritizing company well-being over personal well-being and being unempathetic towards subordinates' feelings are not necessarily sources of power, while the ability to cut overhead costs or personal rapport with senior management may contribute to power but are not as significant as control over resources.

Question 12

Which of the following is not a characteristic of emotional intelligence?

Accepted Answer

Escalating commitment is not a characteristic of emotional intelligence. It refers to persisting in a failing course of action even after it has become clear that it is not working or producing the intended results. The other choices listed (self-awareness, self-regulation, empathy, and social skills) are all elements of emotional intelligence.

Question 13

Holly owns a landscape company and is thinking about expanding her services to include outdoor water features (waterfalls, streams, ponds).If, before making this decision, she looks at the experience of similar fmns that have added outdoor water features, she is employing:

Accepted Answer

Holly is employing the "outside view" by looking at the experience of similar firms that have added outdoor water features. She is seeking out objective data from external sources to inform her decision-making. This approach can help mitigate cognitive biases and the illusion of control that may come with relying only on internal information or personal experience.

Question 14

Edward Wrapp's ideas about the astuteness of power suggest that successful strategic managers:

Accepted Answer

According to Edward Wrapp's ideas about the astuteness of power, successful strategic managers act as members of a coalition or its democratic leaders rather than as dictators. They understand the importance of building coalitions and working with others to achieve their strategic goals rather than trying to control everything themselves.

Question 15

Rebecca, a manager, was very annoyed after noticing several negligent errors in a critical report.However, while talking to the subordinate who created the report, Rebecca was calm and composed; she did not act impulsively and lose her temper.Which of the following aspects of emotional intelligence is illustrated in this scenario?

Accepted Answer

Self-regulation is demonstrated when Rebecca is able to control her emotions and reactions despite feeling annoyed.

Question 16

Which of the following cognitive biases refers to the fact that decision makers who have strong pre-existing beliefs about the relationship between two variables tend to make decisions on the basis of these beliefs, even when presented with evidence that their beliefs are wrong?

Accepted Answer

Prior hypothesis bias refers to the tendency to make decisions based on pre-existing beliefs or hypotheses, even if new information contradicts those beliefs.

Question 17

Describe at least three of the cognitive biases that individual decision makers experience.Then describe a real or hypothetical situation for each of the three biases, explaining how the bias is evident in the situation.

Accepted Answer

The answer of Describe at least three of the cognitive...

Quiz 1: Strategic Leadership: Managing the Strategy-Making Process for Competitive Analysis