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(LU) BMAL 501 Strategic Leadership & Management - Midterm Exam Review

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(LU) BMAL 501 Strategic Leadership & Management - Midterm Exam Review (LU) BMAL 501 Strategic Leadership & Management - Midterm Exam Review (LU) BMAL 501 Strategic Leadership & Management - Midterm Exam Review (LU) BMAL 501 Strategic Leadership & Management - Midterm Exam Review

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  • August 28, 2024
  • 25
  • 2024/2025
  • Exam (elaborations)
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BMAL 501




Strategic Leadership and
Management




MIDTERM EXAM REVIEW




©LU 2024/2025

,1. Multiple Choice: Which of the following is a key characteristic of
transformational leadership?
a) Focusing on short-term goals
b) Maintaining the status quo
c) Inspiring change and innovation
d) Avoiding risk
Answer: c) Inspiring change and innovation
Rationale: Transformational leaders are known for their ability to
inspire and motivate followers to achieve more than what is
typically expected of them, often leading to innovation and change.


2. Fill-in-the-Blank: __________ is the process of influencing an
organization's strategies by aligning them with the external
environment.
Answer: Strategic alignment
Rationale: Strategic alignment is crucial for ensuring that an
organization's internal strategies are appropriate for its external
environment, which can include market conditions, competition,
and customer expectations.




©LU 2024/2025

, 3. True/False: In strategic leadership, it is more important to
maintain current operational efficiency than to plan for future
changes.
Answer: False
Rationale: While maintaining operational efficiency is important,
strategic leadership must also focus on planning and preparing for
future changes to ensure long-term success.


4. Multiple Response: Select all that apply. Effective strategic
management involves:
a) Analyzing internal weaknesses
b) Ignoring external threats
c) Leveraging organizational strengths
d) Monitoring changes in the external environment
Answers: a) Analyzing internal weaknesses, c) Leveraging
organizational strengths, d) Monitoring changes in the external
environment
Rationale: Strategic management requires a comprehensive
analysis of both internal and external factors. Ignoring external
threats would be detrimental to strategic planning.


5. Multiple Choice: What is the primary purpose of a SWOT
analysis in strategic management?
a) To determine the most effective marketing campaign
©LU 2024/2025

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