Leadership for Management & Business-Session 2

A business can create a competitive advantage by________

• Decreasing the price

• Only selling the product online

• Improving the quality of the product or service

• Targeting the same market as its competitor

Which is the FIRST step in the strategic Management process?

• Monitoring and evaluating strategies

• Strategy formulation

• Developing the vision and mission

• Goals and Objectives

Which of the following resources is a source of competitive advantage?

• physical resources

• human resources

• organizational resources

• all of the above

In logistics, a competitive advantage can be created by__________

• offering more products

• competing with similar products

• providing superior value to customers

• undertaking an analysis of competitors' weaknesses

Leadership is about....

• Make people want to follow you

• Make people agree with what you do

• Solving business problems

• Come up with ideas to make money

A company’s strategic plan_____________

• maps out the company’s history

• links the company’s financial targets to control mechanisms

• outlines the competitive moves and approaches to be used in achieving the desired business results

• none of these

Walmart established competitive advantage by_______

• pricing lower than the local retailers

• introducing barcode system

• avoiding overstocking

• all of these

______ requires a leader to try standing in the shoes of out-group members and to see the world as the out-group member does.

• intuition

• affability

• etiquette

• empathy

Internal analysis means analyzing_________

• weaknesses

• opportunities

• threats

• all of these

“Do as I say “ approach style in leadership.

• Transformational Leadership

• Authoritative Leadership

• Transactional Leadership

• Democratic Leadership