WorksheetsMAF661_CHAPTER 9 &12
Total questions: 21
Worksheet time: 11mins
Two Primary Aspects of Strategic Control?
Informational and Behavioral
Skills and Informational
Corporate Governance and Internal Control
A sequential method of organization control in which:
1. Strategies are formulated and top management sets goals
2. Strategies are implemented
3. Performance is measured against the predetermined goal set
What is the type approach of above strategic control?
Contemporary Approach
Classic Approach
Traditional Approach
Mix British Approach
What is Behavioral Control?
whether or not the organization is "doing the right things"
asks if the organization is "doing things right" in the implementation of its strategy
whether or not the organization is "doing the wrong things"
Asks if the individually is "doing things right" in the implementation of its strategy
What are the 3 levers that must work in a balanced & consistent manner?
Rewards, boundaries, & skills
Love, rewards & culture
Rewards, boundaries, & culture
Culture, design & abilities
Effective reward systems share a common characteristics which are:
1. The compensation “system” is perceived as fair and equitable
2. Feedback is prompt, clear and unambiguous
3. Different business units have differing rewards systems
4. Rewards are clearly linked to performance and desired behaviors
5. Setting specific, measurable objectives, including a specific time horizon for attainment.
Choose the correct answers.
None all above
2,4 and 5
All the above
1,2 and 4
Boundaries and constraints can serve many useful purposes for organizations, which is NOT included?
Maximizing improper and unethical conduct
Providing short-term objectives & action plans to channel often
Improving efficiency and effectiveness
Focusing individual efforts on strategic priorities
To be effective, short term objectives must have several attributes which is/are:
Be specific and measurable
Include a specific time horizon for their attainment
Be achievable, yet challenging enough to motivate managers who must strive to accomplish them
All of the them
Identify the three (3) key participants in corporate governance.
Management (led by Manager)
Board of Directors
Shareholders
Management (led by CEO)
In Principal-Principal Conflicts (PPC), its goal incongruence is between controlling shareholders and minority shareholders.
True
False
Primary means for shareholders to monitor the behavior of managers.
A committed and involved BOD that acts in the best interests of the shareholders to create long-term value
Shareholders activism, wherein the owners become actively engaged in the governance of the corporation
Both
……….. involves using new knowledge to transform organizational processes or create commercially viable products and services.
Innovation
Product innovation
Process innovation
Radical innovation
Process innovations are often associated with a low cost leadership strategy.
True
False
Sustaining innovations are those that overturn markets by providing an altogether new approach to meeting customer needs.
True
False
Which of the following is NOT characteristic of a disruptive innovation?
It is usually more sophisticated technologically
It appeals to less demanding customers
It is typically a less expensive solution
It usually takes root in a new market or low- end part of an existing market.
Two common forms of a focused approach to corporate entrepreneurship include ______________ and _____________.
internal collaboration; internal venturing
social capital; collaboration capital
business incubators; new venture groups
focus groups; business incubators
Which of the following is NOT part of a culture of entrepreneurship?
The search for venture opportunities permeates every part of the organization.
Every value chain activity is viewed as a source of entrepreneurial value creation.
Employees at every level are attuned to opportunities to help create new businesses.
Only those directly involved in the innovation effort are attuned to new opportunities to create business.
Real options analysis is most appropriate when....
the total investment required is small, but the environment is uncertain.
the investment required can be justified by Discounted Cash Flow (DCF) techniques.
a small investment up front can be followed by a series of subsequent investments.
there is no prospect of obtaining additional knowledge before making subsequent investments.
Which of the following dimensions of entrepreneurial orientation is described as a forward-looking perspective characteristic of a marketplace leader that has the foresight to seize opportunities?
Proactiveness
Risk taking
Autonomy
Competitive aggressiveness
If managers believe that their abilities can reduce the risks inherent in decision making to a much greater extent that they actually can, they might demonstrate ________ and trust only their own judgment rather than conduct sufficient analysis.
agency problems
reasoning by analogy
managerial conceit
escalation of commitment
Which of the following dimensions of entrepreneurial orientation is described as an independent action by an individual or team aimed at bringing forth a business concept or vision and carrying it through to completion?
Autonomy
Innovativeness
Competitive Aggressiveness
Risk Taking
Who is the winner in GV 8?
Aliff Satar
I am the winner
Bella Astilah’s Husband
Jihan and Nabil Ahmad
