Question 1

Strategic leadership must involve managers at the top, middle, and lower levels of the organization.

Accepted Answer

Strategic leadership involves managers at all levels of the organization to ensure that strategies are effectively implemented throughout the organization. Top-level managers set the overall strategic direction, while middle and lower-level managers are responsible for executing the strategies and achieving specific goals within their respective departments or areas.

Question 2

Vision creation should be top management's responsibility.

Accepted Answer

False

Question 3

The underlying tenet of strategic management is that organizations need to formulate strategies to take advantage of external opportunities and to avoid or reduce the negative impact of external threats.

Accepted Answer

The statement accurately reflects the basic principle of strategic management. Organizations must adapt to their changing environments by developing strategies that leverage opportunities and mitigate risks.

Question 4

A strategic vision is a view of the future that is readily attainable.

Accepted Answer

A strategic vision should be ambitious and challenging, setting a long-term goal that may take significant effort and resources to achieve.

Question 5

The first step in the strategic management process is strategy formulation.

Accepted Answer

Strategy Formulation is not the first step.

Question 6

Strategic leadership is the set of decisions and actions used to formulate and implement specific strategies that will achieve a competitively superior fit between the organization and its environment, so as to achieve organizational goals.

Accepted Answer

This is not the definition of the strategic leadership.

Question 7

The effectiveness of an organization's strategies is influenced by the degree of alignment between the organization's internal capabilities, resources, and its environmental opportunities.

Accepted Answer

The alignment between an organization's internal capabilities, resources, and environmental opportunities is a critical factor that can greatly impact the effectiveness of its strategies. When an organization's resources and capabilities are well-matched to the opportunities presented by its environment, it is better positioned to create and execute successful strategies. However, if there is a mismatch between these elements, it can hinder the organization's ability to achieve its goals and objectives.

Question 8

A vision statement specifies an organization's present purpose.

Accepted Answer

A vision statement specifies an organization's FUTURE purpose, not present.

Question 9

The combined analysis of the external environment and internal environment is commonly referred to as SWOT analysis.

Accepted Answer

SWOT analysis stands for Strengths, Weaknesses, Opportunities, and Threats analysis - it takes into account both internal (Strengths and Weaknesses) and external (Opportunities and Threats) factors.

Question 10

Strategic leadership is a person's ability to anticipate, envision, maintain flexibility, think strategically, and work with others to initiate changes that will create a viable future for the organization.

Accepted Answer

This is the definition of strategic leadership.

Question 11

As the business environment becomes increasingly complex, the demand for environmental decreases.

Accepted Answer

The statement is contradictory. As the business environment becomes increasingly complex, the demand for environmental sustainability and responsible practices actually increases, as companies are expected to take a more proactive approach to mitigating their environmental impact.

Question 12

A strategic leader should concentrate decision-making power at the executive level rather than spread it throughout the organization.

Accepted Answer

The answer of A strategic leader should concentrate decision-making power...

Question 13

The loss of market focus is a leading cause of business failures.

Accepted Answer

When a business loses focus on its target market, it can result in decreased sales, customer dissatisfaction, and ultimately business failure. It's important for businesses to continuously evaluate and adjust their marketing strategies to stay relevant and meet the evolving needs of their customers.

Question 14

Leaders who rely too much on rational analysis to the exclusion of intuition tend to experience strategic leadership failures.

Accepted Answer

The answer of Leaders who rely too much on rational...

Question 15

The vision statement answers the question, "What is the organization's purpose?"

Accepted Answer

The answer of The vision statement answers the question, "What...

Question 16

An organization's external environment presents strengths and weaknesses, while it internal environment presents opportunities and threats.

Accepted Answer

The statement is incorrect. An organization's external environment presents both opportunities and threats, while its internal environment presents strengths and weaknesses. This is known as a SWOT analysis (strengths, weaknesses, opportunities, and threats).

Question 17

A basic distinction between strategic leadership and strategic management is that strategic management envisions where the organization would like to be in five to ten years while strategic leadership focuses on how to achieve the vision.

Accepted Answer

The answer of A basic distinction between strategic leadership and...

Question 18

Environmental scanning is the first step in the strategic management process.

Accepted Answer

It is the first task in the strategy formulation step.

Question 19

Examples of the "S" in SWOT analysis are brand name, reputation, and patents.

Accepted Answer

The "S" in SWOT analysis stands for strengths, which can include brand name, reputation, and patents along with other positive characteristics of a company or organization.

Question 20

Executive intuition is the instinctive ability to identify weak signals in the environment and respond without the benefit of concrete facts and information.

Accepted Answer

Executive intuition is often described as the gut feeling or instinct that leaders have, allowing them to make quick decisions based on their experience and observations, without having all the information to support it. Therefore, it is a true statement that executive intuition helps leaders identify weak signals and take action on them.

Quiz 11: Change Management and Strategic Leadership