______ involves ensuring proper strategic controls and organizational designs.
A. Corporate governance
B. Corporate-level strategy
C. Strategy implementation
D. Business-level strategy
Answer: C
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MGMT 449 Chapter 1
- In large organizations, conflicts can arise between functional areas. In order to resolve these conflicts, strategic objectives:
- We want to be the top-ranked supplier to our customers. (PPG) This is an example of a:
- Fortune Brands states they will cut corporate overhead costs by $30 million a year. This is an example of a:
- Successful organizations are effective in motivating people. Employees work best when:
- The vision and mission statements of a company set the overall direction of the organization. Strategic objectives serve what role?
- In contrast to the vision of an organization, its mission should:
- WellPoint Health Network states: WellPoint will redefine our industry: through a new generation of consumer-friendly products that put individuals back in control of their future. This is an example of a:
- Examples of __________ include: To be the happiest place on earth (Disneyland), and Restoring patients to full life (Medtronic).
- Effective vision statements include:
- Vision statements are used to create a better understanding of the overall purpose and direction of the organization. Vision statements:
- The hierarchy of organizational goals is in this order (least specific to most specific):
- Leadership is a necessary (but not sufficient) condition for organizational success. Leaders should emerge at which level(s) of an organization?
- Peter Senge, of MIT, recognized three types of leaders. __________ champion and guide ideas, create a learning infrastructure, and establish a domain for taking action.
- Peter Senge, of MIT, recognized three types of leaders. __________ are individuals that, although having little positional power and formal authority, generate their power through the conviction and clarity of their ideas.
- The text argues that a strategic perspective in an organization should be emphasized:
- Strategy formulation and implementation is a challenging ongoing process. To be effective, it should not involve:
- Many organizations have a large number of functional areas with very diverse and sometimes competing interests. Such organizations will be most effective if:
- According to the text, the triple bottom line approach to corporate accounting includes three components:
- Firms must be aware of goals other than short-term profit maximization. One area of concern should be social responsibility which is:
- Managers should do more than just focus on short-term financial performance. One concept that helps managers do this is stakeholder symbiosis. This means that:
- There are several perspectives of competition. One perspective is zero-sum thinking. Zero-sum thinking means that:
- Procter and Gamble has perfected a technique for compacting cleaning powder into a liquid concentration. Consumers, retailers, shipping and wholesalers, and environmentalists all have benefited from the resulting change in consumer shopping habits and the revolution in industry supply-chain economics. According to the text, this is an example of __________.
- Stakeholders are:
- An organization is responsible to many different entities. In order to meet the demands of these groups, organizations must participate in stakeholder management. Stakeholder management means that:
- Members of boards of directors are: