BPL 5100 Ch.1 || with 100% Correct Answers

True correct answers Lands' End's failure under the leadership of Ms. Frederica Marchionni was said to be a direct result of the quality of her leadership. According to the text, this would be an example of the "romantic" perspective of leadership. (T/F) True correct answers Strategic management consists of the analyses, decisions, and actions an organization undertakes in order to create and sustain competitive advantages. (t/f) True correct answers Management innovations such as total quality, just-in-time, benchmarking, business process reengineering, and outsourcing are important but NOT enough for building sustainable competitive advantage. (t/f) True correct answers Trade-off decisions between effectiveness and efficiency are important in the practice of strategic management. (t/f) true correct answers According to Henry Mintzberg, a management scholar, most firms do NOT realize their original intended strategy. (t/f) False correct answers The final realized strategy of a firm is a combination of deliberate and time-tested strategies only. (t/f) False (internal and external) correct answers Strategy analysis is the study of only the big picture external environments of the firm. (t/f) False correct answers All successful firms compete and outperform their rivals by developing bases for competitive advantage, which can be achieved only through cost leadership. (t/f) False (shareholders, mgt (led by CEO), board of directors) correct answers The three primary participants in corporate governance are: (1) the shareholders, (2) the management (led by the chief executive officer), and (3) the employees. (t/f) false correct answers Decisions by boards of directors are always consistent with shareholder interests. (t/f) false (involved shareholders) correct answers Ensuring effective corporate governance requires an effective and engaged board of directors, uninvolved shareholders, and proper managerial rewards and incentives. (t/f) false (improve overALL welfare of society) correct answers social responsibility is the idea that organizations are only accountable to stockholders. (t/f) true correct answers Shell, NEC, and Procter and Gamble have been measuring their performance according to what has been called a triple bottom line. This technique involves an assessment of financial, social, and environmental performance. (t/f)