Strategic management, 4e (rothaermel) chapter 1 test bank answers

  

1) Executives whose visions and decisions help their companies achieve competitive advantage can be considered strategic leaders.

Answer: TRUE

Explanation: Executives whose vision and decisions enable their organizations to achieve competitive advantage demonstrate strategic leadership.

Difficulty: 1 Easy

Topic: Strategic Approaches to Winning a Sustainable Competitive Advantage

Learning Objective: 02-01 Explain the role of strategic leaders and what they do.

Bloom’s: Remember

AACSB: Knowledge Application

Accessibility: Keyboard Navigation

2) Strategic leaders spend the majority of their time working alone to devise new strategies.

Answer: FALSE

Explanation: Strategic leaders spend 67% of their time in face-to-face meetings. They consider face-to-face meetings most effective in getting their message across and obtaining the information they need.

Difficulty: 2 Medium

Topic: The Strategic Role of Managers in Strategy Formulation and Implementation

Learning Objective: 02-01 Explain the role of strategic leaders and what they do.

Bloom’s: Understand

AACSB: Knowledge Application

Accessibility: Keyboard Navigation

3) An employee lacking some of the innate abilities to be a top-level manager can still become an effective strategic leader through hard work and experience.

Answer: …

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