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WPC 480 Chapter 12 Exam with correct Answers
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WPC 480 Chapter 12 Exam with correct Answers
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WPC 480 Chapter 12 Exam with correctAnswers
Strategic iileadership ii- iiAnswers ii-is iithe iiability iito iianticipate,
envision, iimaintain iiflexibility, iiand iiempower
others iito iicreate iistrategic iichange iias iinecessary
Strategic iichange ii- iiAnswers ii-is iichange iibrought iiabout iias iia
result iiof iiselecting iiand iiimplementing iia iifirm's
strategies
heterogeneous iitop iimanagement iiteam ii- iiAnswers ii-is
composed iiof iiindividuals iiwith iidifferent iifunctional
backgrounds, iiexperience, iiand iieducation.
external iimanagerial iilabor iimarket ii- iiAnswers ii-is iithe
collection iiof iimanagerial iicareer iiopportunities
and iithe iiqualified iipeople iiwho iiare iiexternal iito iithe
organization iiin iiwhich iithe iiopportunities iiexist.
internal iimanagerial iilabor iimarket ii- iiAnswers ii-consists
of iia iifirm's iiopportunities iifor iimanagerial iipositions
and iithe iiqualified iiemployees iiwithin iithat iifirm.
top iimanagement iiteam ii- iiAnswers ii-is iicomposed iiof iithe
individuals iiwho iiare iiresponsible iifor iimaking
certain iithe iifirm iiuses iithe iistrategic iimanagement
process, iiespecially iifor iithe iipurpose iiof iiselecting
and iiimplementing iistrategies.
Determining iistrategic iidirection ii- iiAnswers ii-involves
specifying iithe iivision iiand iithe iistrategy iior
strategies iito iiachieve iithis iivision iiover iitime.
Human iicapital ii- iiAnswers ii-refers iito iithe iiknowledge iiand
skills iiof iia iifirm's iientire iiworkforce. iiFrom iithe
perspective iiof iihuman iicapital, iiemployees iiare
viewed iias iia iicapital iiresource iirequiring
continuous iiinvestment.
Social iicapital ii- iiAnswers ii-involves iirelationships iiinside iiand
, outside iithe iifirm iithat iihelp iiin iiefforts iito iiaccomplish
tasks iiand iicreate iivalue iifor iistakeholders.
balanced iiscorecard ii- iiAnswers ii-is iia iitool iifirms iiuse iito
determine iiif iithey iiare iiachieving iian iiappropriate
balance iiwhen iiusing iistrategic iiand iifinancial
controls iias iia iimeans iiof iipositively iiinfluencing
performance.
What iiterm iiencompasses iithe iiability iito iianticipate, iienvision, iimaintain iiflexibility, iiand
iiempower iiothers iito iicreate iistrategic iichange iias iinecessary? ii- iiAnswers ii-Strategic
iileadership
A iiCEO iiwants iito iiimplement iia iinew iistrategy iifor iiher iifirm. iiPreviously, iithe iicompany's
iistrategy iiwas iidifferentiation iiand iifocused iion iihaving iithe iihighest iiquality iiproduct.
iiNow, iiinstead iiof iiincreasing iithe iiquality iiof iithe iiproduct, iishe iiwants iito iimaintain
iiquality iibut iidrive iidown iicost iiper iiunit. iiWhat iiterm iidefines iithis iiscenario? ii- iiAnswers ii-
Strategic iichange
Which iiof iithese iiis iinot iian iiexample iiof iia iistrategic iileader? ii- iiAnswers ii-High
iiperforming iisales iiassociate
Lisa iiis iithe iiCEO iiof iiher iicompany iiand iihas iia iidistinct iileadership iistyle. iiShe iidoesn't
iiwant iiher iiemployees iito iibe iiafraid iito iitake iian iiaction iithey iiknow iiis iiright. iiShe iiwants
iiher iisubordinates iito iibe iiable iito iitake iimatters iiinto iitheir iiown iihands, iiso iishe
iidelegates iimany iithings iito iiempower iithem. iiShe iihas iibuilt iia iiteam iiculture iiin iiwhich
iithe iiteam iiand iithe iicompany iiare iimore iiimportant iithan iipersonal iiinterests. iiWhat iitype
iiof iimanager iiis iiLisa? ii- iiAnswers ii-Transformational iileader
The iiBoard iiof iiDirectors iiis iideciding iiwho iithe iinew iiCEO iishould iibe iifor iia iicompany. iiIt
iihas iinarrowed iithe iicandidates iidown iito iitwo iihighly-credentialed iiindividuals. iiSteve iiis
iiknown iito iibe iiharsh iibut iifair. iiHe iiis iia iiproven iiCEO iiand iihas iidriven iicompanies iito
iisuccess iiquickly. iiKim, iithe iiother iicandidate, iiis iiknown iito iibe iia ii"people iiperson" iiwith
iia iihigh iiemotional iiintelligence. iiIn iithe iipast iishe iihas iidemonstrated iisuccess iibuilding
iicompany iiculture iito iiachieve iigreat iiresults. iiKnowing iithis, iiwhich iicandidate iishould
iithe iicompany iichoose iiif iiit iiis iiseeking iito iimotivate iiits iiemployees? ii- iiAnswers ii-Kim,
iibecause iishe iiis iia iitransformational iileader.
What iiis iithe iiname iifor iia iigroup iiof iiindividuals iiwho iiare iiresponsible iifor iimaking
iicertain iia iicompany iiuses iithe iistrategic iimanagement iiprocess, iiespecially iifor iithe
iipurpose iiof iiselecting iiand iiimplementing iistrategies? ii- iiAnswers ii-Top iimanagement
iiteam
A iiCEO iirecently iiled iiher iicompany iithrough iia iiperiod iiof iisignificant iigrowth iiand
iiprofitability. iiHer iistructure iichange, iinew iistrategy, iiand iiother iidecisions iicaused iithe
iicompany iito iigrow iibeyond iiexpectations. iiBut, iirecently iiher iidecisions iihave iibeen
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