Exam (elaborations)

Test Bank for Strategic Management Text and Cases, 11th Edition Dess (All Chapters included)

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Module
SCMP - Strategic Communication Management Professional

Institution
SCMP - Strategic Communication Management Professional

Complete Test Bank for Strategic Management Text and Cases, 11th Edition by Gregory Dess and Gerry McNamara and Alan Eisner and Seung-Hyun Lee ; ISBN13: 9781264124329.....(Full Chapters included Chapter 1 to 12)...Chapter 1: Strategic Management: Creating Competitive Advantages Chapter 2: Analyzi...

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Uploaded on July 11, 2024
Number of pages 369
Written in 2023/2024
Type Exam (elaborations)
Contains Questions & answers

strategy
text
11th
quiz bank
exam practice
strategic
management
text and cases
11th edition
dess
9781264124329
exam bank
practice quizzes
test bank

Institution SCMP - Strategic Communication Management Professional
Module SCMP - Strategic Communication Management Professional

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TEST BANK

Strategic Management Text and Cases,
11th Edition by Gregory Dess

Complete Chapters Test Bank
are included (Ch 1 to 12)

** Immediate Download
** Swift Response
** All Chapters included

,Chap 01 11e
1) The success of Apple under its former CEO, Steve Jobs, was largely attributed to the quality
of its leader. According to the text, this would be an example of the “romantic” perspective of
leadership.
⊚ true
⊚ false

2) Strategic management consists of the analyses, decisions, and actions an organization
undertakes in order to create and sustain competitive advantages.
⊚ true
⊚ false

3) 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.
⊚ true
⊚ false

4) Trade-off decisions between effectiveness and efficiency are important in the practice of
strategic management.
⊚ true
⊚ false

5) According to the textbook, digitizing existing business processes rarely improves efficiency.
⊚ true
⊚ false

6) A company that digitizes existing processes may achieve operational excellence on an
outdated value proposition. Airbnb is an example of a company that entered the market with
a superior digital offering, competing against hotels that had only digitized processes.
⊚ true
⊚ false

1

,7) According to Henry Mintzberg, a management scholar, most firms do not realize their
original intended strategy.
⊚ true
⊚ false

8) The final realized strategy of a firm is a combination of deliberate and time-tested strategies
only.
⊚ true
⊚ false

9) Strategy analysis is the study of only the big picture external environments of the firm.
⊚ true
⊚ false

10) All successful firms compete and outperform their rivals by developing bases for competitive
advantage, which can be achieved only through cost leadership.
⊚ true
⊚ false

11) The three primary participants in corporate governance are: (1) the shareholders, (2) the
management (led by the chief executive officer), and (3) the employees.
⊚ true
⊚ false

12) Decisions by boards of directors are always consistent with shareholder interests.
⊚ true
⊚ false

13) Ensuring effective corporate governance requires an effective and engaged board of
directors, uninvolved shareholders, and proper managerial rewards and incentives.
⊚ true
⊚ false

2

, 14) The core mission of the board of directors is to provide strong oversight and strategic support
for employee efforts to receive maximum financial and monetary equivalent benefits.
⊚ true
⊚ false

15) Social responsibility is the idea that organizations are only accountable to stockholders.
⊚ true
⊚ false

16) 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.
⊚ true
⊚ false

17) Sustainability is being increasingly recognized as a source of cost efficiencies and revenue
growth.
⊚ true
⊚ false

18) Responsible investment approaches evaluate companies based on environmental, social, and
growth criteria (ESG investment trend).
⊚ true
⊚ false

19) Focusing on the ESG criteria does not enhance corporate financial performance, because it
does NOT benefit society or investors who support ESG funds.
⊚ true
⊚ false

3

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Exam (elaborations)

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