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[Test Bank] Strategic Management,, Text and Cases 9th Edition by Dess, McNamara, Eisner. All Chapters || Grade A+.

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Strategic Management,, Text and Cases

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Alabama State University

[Test Bank] Strategic Management,, Text and Cases 9th Edition by Dess, McNamara, Eisner. All Chapters || Grade A+.[Test Bank] Strategic Management,, Text and Cases 9th Edition by Dess, McNamara, Eisner. All Chapters || Grade A+.[Test Bank] Strategic Management,, Text and Cases 9th Edition by Dess, ...

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[Test Bank] Strategic Management,,
Text and Cases 9th Edition by Dess,
McNamara, Eisner.

Page 2 of 649
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Strategic Management: Text and Cases, 9e (Dess)
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Chapter 1 Strategic Management: Creating Competitive Advantages
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1) Lands' End's failure under the leadership of Ms. Frederica Marchionni was said to be a
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directresult of the quality of her leadership. According to the text, this would be an example
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of the "romantic" perspective of leadership.
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Answer: TRUE I O

Explanation: In the romantic view of leadership, the implicit assumption is that the leader is
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thekey force in determining an organization's success or lack thereof. Under Ms.
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Marchionni's leadership, the company reported a 19.5-million-dollar loss for 2016 after
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having reported a 73.8-million-dollar profit for the previous year under its previous CEO.
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Difficulty: 2 Medium IO IO

Topic: Strategy and the Strategic Management Process
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Learning Objective: 01-01 The definition of strategic management and its four key
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attributes.Bloom's: Understand
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AACSB: Analytical Thinking IO IO

Accessibility: Keyboard
IO I O

Navigation
IO

2) Strategic management consists of the analyses, decisions, and actions an
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organizationundertakes in order to create and sustain competitive advantages.
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Answer: TRUE I O

Explanation: According to the textbook, this is the definition of strategic
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management.Difficulty: 1 Easy
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Topic: Strategy and the Strategic Management Process
I O IO IO IO IO IO

Learning Objective: 01-01 The definition of strategic management and its four key
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attributes.Bloom's: Remember
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AACSB: Knowledge Application IO IO

Accessibility: Keyboard
IO I O

Navigation
IO

3) Management innovations such as total quality, just-in-time, benchmarking, business process
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reengineering, and outsourcing are important but not enough for building sustainable
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competitiveadvantage.
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Answer: TRUE I O

Explanation: Sustainable competitive advantage cannot be achieved through operational
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effectiveness alone. Popular management innovations of the last two decades like total
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quality, just-in-time, benchmarking, business process reengineering, and outsourcing are
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concerned withoperational effectiveness.
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Difficulty: 2 Medium IO IO

Topic: Strategy and the Strategic Management Process
I O IO IO IO IO IO

Learning Objective: 01-01 The definition of strategic management and its four key
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attributes.Bloom's: Understand
IO IO I O

AACSB: Analytical Thinking IO IO

Accessibility: Keyboard
IO I O

Navigation
IO

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4) Trade-off decisions between effectiveness and efficiency are important in the practice of
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Page 4 of 649
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strategic management. IO

Answer: TRUE I O

Explanation: The fourth attribute of strategic management is that it involves the recognition
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oftrade-offs between effectiveness and efficiency. Some authors have referred to this as the
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difference between doing the right thing (effectiveness) and doing things right (efficiency).
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Difficulty: 2 Medium IO IO

Topic: Strategy and the Strategic Management Process
I O IO IO IO IO IO

Learning Objective: 01-01 The definition of strategic management and its four key
IO IO IO IO IO IO IO IO IO IO IO

attributes.Bloom's: Understand
IO IO I O

AACSB: Analytical Thinking IO IO

Accessibility: Keyboard
IO I O

Navigation
IO

5) According to Henry Mintzberg, a management scholar, most firms do not realize their
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originalintended strategy.
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Answer: TRUE I O

Explanation: Henry Mintzberg states that the intended strategy rarely survives in its original
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form. Unforeseen environmental developments, unanticipated resource constraints, or changes
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inmanagerial preferences may result in at least some parts of the intended strategy remaining
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unrealized. On the other hand, good managers will want to take advantage of a new
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opportunity presented by the environment, even if it was not part of the original set of
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intentions.
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Difficulty: 2 Medium IO IO

Topic: Strategy and the Strategic Management Process
I O IO IO IO IO IO

Learning Objective: 01-02 The strategic management process and its three interrelated
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andprincipal activities.
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Bloom's: Understand I O

AACSB: Analytical
IO I O

Thinking
IO

Accessibility: Keyboard Navigation I O IO

6) The final realized strategy of a firm is a combination of deliberate and time-tested
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strategiesonly.
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Answer: FALSE I O

Explanation: Realized strategy is that strategy of a firm in which organizational decisions are
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determined by both analysis and unforeseen environmental developments, unanticipated
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resourceconstraints, and/or changes in managerial preferences.
IO IO IO IO IO IO IO

Difficulty: 2 Medium IO IO

Topic: Strategy and the Strategic Management Process
I O IO IO IO IO IO

Learning Objective: 01-02 The strategic management process and its three interrelated
IO IO IO IO IO IO IO IO IO IO

andprincipal activities.
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Bloom's: Understand I O

AACSB: Knowledge Application IO IO

Accessibility: Keyboard
IO I O

Navigation
IO

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