Question 1

Ultimately,strategic leadership is the responsibility of the CEO and top management.

Accepted Answer

Strategic leadership involves setting the direction and vision of the organization and making decisions that align with its long-term goals. This is the responsibility of the top management team, including the CEO, as they oversee the overall strategy and direction of the organization.

Question 2

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

Accepted Answer

The reverse it true.

Question 3

Companies develop either financial objectives or strategic objectives; but usually not both.

Accepted Answer

They develop both types of objectives.

Question 4

The values statement outlines guiding principles and ethical standards by which company personnel will conduct business.

Accepted Answer

This statement is true. The values statement is a fundamental component of a company's code of ethics and serves as a moral compass for employees to follow in their professional conduct. It outlines the company's core beliefs and principles, which help to foster a positive corporate culture and promote ethical behavior.

Question 5

One area in which change is unmistakable is the increasing global competitive marketplace.

Accepted Answer

The statement is true. The global competitive marketplace has been rapidly expanding due to advancements in technology and communication, allowing companies from different countries to compete with each other on a global scale. This has led to increased pressure for businesses to innovate, improve efficiencies, and provide better value to customers in order to stay competitive.

Question 6

To streamline the process,vision creation is done by top management and handed down to employees.

Accepted Answer

To be widely accepted, vision creation must be a shared experience.

Question 7

Effective strategic leaders seek the counsel of a select group of employees throughout the strategic management process because the fewer people are involved the quicker decisions get made.

Accepted Answer

An effective strategic leaders seeks the participation of a large coalition of employees.

Question 8

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 its environmental opportunities is crucial to the effectiveness of its strategies. The organization must be able to leverage its strengths, allocate resources effectively, and respond to changes in the external environment in order to achieve its goals and objectives. Failure to align these factors can result in a lack of coherence in strategy, inefficiency in resource utilization, and missed opportunities for growth and success. Therefore, option A is the correct answer.

Question 9

A vision statement specifies an organization's present purpose - its marketing niche,product/services offered,operating principles,and business model.

Accepted Answer

This describes the mission statement.

Question 10

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

Accepted Answer

Strategy Formulation is not the first step.

Question 11

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 which includes both the internal and external analysis of a company or organization.

Question 12

The vision statement answers the question,"What business are we in?"

Accepted Answer

This better decribes the mission statement.

Question 13

The leader's role in leading the strategic management process only applies to for-profit organizations while non-profit organizations call for a different approach.

Accepted Answer

It applies to both for-profit and non-profit organizations.

Question 14

A strategic vision is an ambitious view of the current state that everyone in the organization can believe in that is readily attainable.

Accepted Answer

By the definition, a strategic vision is not readily attainable.

Question 15

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 16

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

Accepted Answer

It is the first task in the strategy formulation step.

Question 17

There are several definitions of the concept of strategic leadership,each revolving around a different theme.

Accepted Answer

They revolve around the same themes.

Question 18

Strategic leadership is a leader'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 an accurate definition of strategic leadership. It involves forward thinking, adaptability, strategic planning, and collaboration to create a successful future for the organization.

Question 19

The link between leadership and strategy is a new concept but quickly becoming accepted.

Accepted Answer

The concept has been around for 50 years and is well established.

Question 20

Formulating and executing strategy is the central theme of strategic leadership in any organization.

Accepted Answer

Yes, formulating and executing strategy is the primary responsibility of strategic leadership. It involves identifying the organization's objectives, developing strategies to achieve those goals, and implementing plans effectively to execute the strategies.

Quiz 11: Strategic Leadership and Change Management