2a - 5 CORRECT Which one of the following is not a...

Info iconThis preview shows pages 1–5. Sign up to view the full content.

View Full Document Right Arrow Icon
5 CORRECT Which one of the following is not a characteristic of an effectively-worded strategic vision statement? A) Directional (says something about the company's journey and destination and the kinds of business and strategic changes that will be forthcoming) B) Inspirational (is worded in a motivational and stirring way that will garner enthusiastic and energetic support from company personnel and shareholders) C) Graphic (paints a clear picture) D) Easy to communicate (ideally, explainable in 10 minutes) E) Focused and flexible (has specifics but stops short of a once-and- for-all-time pronouncement because the strategic path may need to be changed as events unfold) Feedback: 6 INCORRECT Which of the following is a common shortcoming of company vision statements? A) Incomplete or vague-short on specifics B) Too reliant on superlatives (best, most successful, recognized leader, global or worldwide leader, first choice of buyers) C) So broad that it really doesn't rule out pursuing most any opportunity management spots D) Not distinctive-could apply to most any company (or at least several others in the same industry) E) All of the above are common shortcomings Feedback: 7 INCORRECT A company's values can relate to A) how it will treat employees and customers and the importance the company places of teamwork. B) expectations that company personnel will exhibit integrity and fairness in conducting the company's business. C) the emphasis the company will place on innovativeness or quality or customer service. D) the company's beliefs in high ethical standards, socially responsible behavior, and giving back to the community. E) All of the above. Feedback:
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Background image of page 2
18 INCORRECT Functional strategies A) describe the mission and strategic intent of each key functional piece of the business. B) concern what to do about resolving the specific strategic issues and
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
operating problems a business confronts in each key part of its business-R&D, production, sales and marketing, finance, information technology, human resources, and so on. C) are normally crafted by the executive in charge of the overall business and approved by the company's board of directors. D) add relevant detail to the overall business strategy by setting forth the actions, approaches, and practices to be employed in managing a particular functional activity or business process or key department within a business. E) are concerned with what competitive capabilities to build in support of the overall company strategy and what to do to unify the firm's skills, competencies, and resource strengths across all the various key pieces of a company's business. Feedback: 21 INCORRECT The role of a company's board of directors in the strategy-making, strategy- executing process is to A) direct senior executives as to what the company's long-term direction, objectives, business model, and strategy should be and, further, closely supervise senior executives in their efforts to implement and execute the strategy. B)
Background image of page 4
Image of page 5
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 10/02/2011 for the course FIN 685 taught by Professor Grady during the Spring '11 term at Texas A&M.

Page1 / 18

2a - 5 CORRECT Which one of the following is not a...

This preview shows document pages 1 - 5. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online