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Exam 2: Strategic Leadership: Managing the Strategy Process

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Question 41

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What is the drawback in top-down strategic planning?

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Top-down strategic planning rests on the...

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Question 42

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The minimum wage in the country of New Morland is $8 an hour. Odion, a restaurant in New Morland's capital city, pays its servers $8 per hour. However, the management of the restaurant feels that this amount is excessive for workers whose only job is to clear tables. By continuing to adhere to the rules set by the government of New Morland, which of the following responsibilities is Odion satisfying?

A) legal responsibilities
B) philanthropic responsibilities
C) ethical responsibilities
D) demographic responsibilities

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Question 43

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A company uses the planned emergence approach in the development of its strategies. Which of the following is an implication of this?

In the pyramid of corporate social responsibility, ________ responsibilities are the foundational building block.

Due to political instability in the country of East Gerdon, the strategic leaders at the headquarters of Mako Manufacturing have decided to close all production facilities in the country until stability returns. Mako's managers have formulated a ________-level strategy.

Briefly describe the level-5 leadership pyramid.

What is the strategic management process?

Pear Tree Electronics is a large conglomerate that operates in 17 different countries. The corporate executives at the headquarters have decided that the company's objective for the next two years will be to increase its customer equity, or the value of potential future revenues generated by all its customers in a lifetime. Based on this guideline received from the top management team, the product leader of the home audio division has decided to adopt a cost-leadership strategy in all his 17 units. Thus, the decision made by the product leader best illustrates a ________ strategy.

Carlos is the manager of a graphic design firm, and he relies on a top-down strategic management approach to maintain tight control over the activities of his employees. The company has recently started to lose market share to its more innovative competitors, and Carlos wants to encourage his employees to start contributing to the strategy formulation process to make the company more competitive. Which of the following steps should Carlos take?

Vincente, a retired CEO, invests capital in a start-up company that creates budgeting software. He mentors the entrepreneur and the employees of the company because he wants the company to perform well and survive in the market. Thus, Vincente is the start-up company's

It is helpful to break down strategy formulation and strategy implementation into five distinct areas.

Eleanor owns a large portion of Apex Apparel's stock. However, she is not employed by the company. In this scenario, Rachel is the company's

A firm's resource-allocation process (RAP) has very little effect on its realized strategy.

What is a strategic business unit (SBU)? Explain with an example.

A(n) ________ is best described as the strategic option that top managers decide most closely matches the current reality and which is then executed.

As the CEO of a conglomerate, Eva Morris exhibited her strong commitment toward the company's core value that customers' well-being is more important than profit when she convinced the board of directors to liquidate the company's pesticide subsidiary. The pesticide brand sold by her company was a major revenue earner in lesser-developed nations, but studies indicate that it is a carcinogen. Eva persuaded the board that the company had to be responsible toward society. In this scenario, Eva has demonstrated

The autocratic strategic management process exhibited by the former head of Apple, Steve Jobs, is best described as an emergent strategy.

The first step in stakeholder impact analysis involves

Because they are a crucial component of a firm's success, customers are considered internal stakeholders.

A firm is embedded in a multifaceted exchange relationship with a number of diverse internal and external stakeholders. Elaborate on this statement and provide multiple examples of the exchange relationship between a firm and its stakeholders including what each party contributes.