MDIST_res_8

What does the concept of "openness" in organizations primarily aim to enhance?

• Centralized management

• Transparency and inclusiveness

• Profitability

• Secrecy

Which of the following is NOT a practice of modern businesses mentioned in the presentation?

• Decentralized strategy management

• Open innovation

• Fixed, rigid planning

• Rapid response capability

What is the key feature of open strategy as defined by Chesbrough and Appleyard (2007)?

• Complete secrecy in strategy

• Decentralized profit-sharing

• Transparency and inclusiveness

• High-tech innovations

Open Strategy (OS) Open strategy is characterized by:

• Exclusive participation of top executives

• Democratization of strategy-making

• Focus on short-term profit maximization

• Avoidance of external input

IBM's pre-2002 strategy involved input from how many employees?

• 1,000

• 10,000

• 50,000

• 100,000

Which of the following is NOT an output of open strategy?

• Improved creativity

• Better commitment

• Heightened secrecy

• Positive impression management

What does transparency in open strategy entail?

• One-way communication of information

• Complete exclusion of employee input

• Focus on internal secrecy

• Limited engagement with stakeholders

Inclusive practices in open strategy refer to:

• Co-strategizing with only external stakeholders

• Ongoing co-creation of content and processes

• Restricting feedback to managerial staff

• Avoiding strategic input from employees

What is the primary difference between participation and inclusiveness in open strategy?

• Inclusiveness involves decision-making; participation does not.

• Participation excludes external stakeholders.

• Inclusiveness focuses only on feedback collection.

• There is no significant difference.

Strategy management in SMEs is often characterized by:

• Highly structured processes

• Centralized and formalized decision-making

• Reactive and short-term behaviors

• Focus on long-term strategic planning