Chap 2: QTCL

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

• True

• False

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

• True

• False

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.

• True

• False

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

distinct areas.

• True

• False

The autocratic strategic management process exhibited by the former head of Apple,

Steve Jobs, is best described as an emergent strategy.

• True

• False

A surprise event that leads to a change in strategic initiatives, such as the accidental

discovery of a new use for an existing product, is known as serendipity

• True

• False

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

• True

• False

Core values provide ethical guidelines for how individual employees will behave.

• True

• False

Managers should create two sets of core values: one for employees and one for

themselves.

• True

• False

It was stated that the majority of CEOs spend most of their time in face-to-face meetings

because they believe those types of meetings are most effective when trying to get their message across.

• True

• False