TEST BANK
Strategic Management: Text and Cases, 11th Edition
By Gregory Dess, Gerry McNamara
LU
XE
LI
BR
AR
Y
, Table of Content
PART 1: STRATEGIC ANALYSIS
1. Strategic Management: Creating Competitive Advantages
2. Analyzing the External Environment of the Firm 3. Assessing the Internal Environment of
the Firm 4. Recognizing a Firm’s Intellectual Assets: Moving beyond a Firm’s Tangible
Resources
PART 2: STRATEGIC FORMULATION
LU
5. Business-Level Strategy: Creating and Sustaining Competitive Advantages
6. Corporate-Level Strategy: Creating Value through Diversification
XE
7. International Strategy: Creating Value in Global Markets
8. Entrepreneurial Strategy and Competitive Dynamics
PART 3: STRATEGIC IMPLEMENTATION
LI
9. Strategic Control and Corporate Governance 10. Creating Effective Organizational Designs
11. Strategic Leadership: Creating a Learning Organization and an Ethical Organization
BR
12. Managing Innovation and Fostering Corporate Entrepreneurship
AR
Y
,Strategic Management: Text and Cases, 11e (Dess)
Chapter 1 Strategic Management: Creating Competitive Advantages
1) Lands' End's failure under the leadership of Ms. Frederica Marchionni was said to be a direct
result of the quality of her leadership. According to the text, this would be an example of the
"romantic" perspective of leadership.
Answer: TRUE
Explanation: In the romantic view of leadership, the implicit assumption is that the leader is the
key force in determining an organization's success or lack thereof. Under Ms. Marchionni's
leadership, the company reported a 19.5-million-dollar loss for 2016 after having reported a
73.8-million-dollar profit for the previous year under its previous CEO.
Difficulty: 2 Medium
LU
Topic: Strategy and the Strategic Management Process
Learning Objective: 01-01 The definition of strategic management and its four key attributes.
Bloom's: Understand
AACSB: Analytical Thinking
Accessibility: Keyboard Navigation
XE
2) Strategic management consists of the analyses, decisions, and actions an organization
undertakes in order to create and sustain competitive advantages.
Answer: TRUE
Explanation: According to the textbook, this is the definition of strategic management.
LI
Difficulty: 1 Easy
Topic: Strategy and the Strategic Management Process
Learning Objective: 01-01 The definition of strategic management and its four key attributes.
BR
Bloom's: Remember
AACSB: Knowledge Application
Accessibility: Keyboard Navigation
3) Management innovations such as total quality, just-in-time, benchmarking, business process
reengineering, and outsourcing are important but not enough for building sustainable competitive
advantage.
AR
Answer: TRUE
Explanation: Sustainable competitive advantage cannot be achieved through operational
effectiveness alone. Popular management innovations of the last two decades like total quality,
just-in-time, benchmarking, business process reengineering, and outsourcing are concerned with
Y
operational effectiveness.
Difficulty: 2 Medium
Topic: Strategy and the Strategic Management Process
Learning Objective: 01-01 The definition of strategic management and its four key attributes.
Bloom's: Understand
AACSB: Analytical Thinking
Accessibility: Keyboard Navigation
4) Trade-off decisions between effectiveness and efficiency are important in the practice of
, strategic management.
Answer: TRUE
Explanation: The fourth attribute of strategic management is that it involves the recognition of
trade-offs between effectiveness and efficiency. Some authors have referred to this as the
difference between doing the right thing (effectiveness) and doing things right (efficiency).
Difficulty: 2 Medium
Topic: Strategy and the Strategic Management Process
Learning Objective: 01-01 The definition of strategic management and its four key attributes.
Bloom's: Understand
AACSB: Analytical Thinking
Accessibility: Keyboard Navigation
LU
5) According to Henry Mintzberg, a management scholar, most firms do not realize their original
intended strategy.
Answer: TRUE
Explanation: Henry Mintzberg states that the intended strategy rarely survives in its original
XE
form. Unforeseen environmental developments, unanticipated resource constraints, or changes in
managerial preferences may result in at least some parts of the intended strategy remaining
unrealized. On the other hand, good managers will want to take advantage of a new opportunity
presented by the environment, even if it was not part of the original set of intentions.
Difficulty: 2 Medium
Topic: Strategy and the Strategic Management Process
LI
Learning Objective: 01-02 The strategic management process and its three interrelated and
principal activities.
Bloom's: Understand
AACSB: Analytical Thinking
BR
Accessibility: Keyboard Navigation
6) The final realized strategy of a firm is a combination of deliberate and time-tested strategies
only.
Answer: FALSE
AR
Explanation: Realized strategy is that strategy of a firm in which organizational decisions are
determined by both analysis and unforeseen environmental developments, unanticipated resource
constraints, and/or changes in managerial preferences.
Difficulty: 2 Medium
Topic: Strategy and the Strategic Management Process
Y
Learning Objective: 01-02 The strategic management process and its three interrelated and
principal activities.
Bloom's: Understand
AACSB: Knowledge Application
Accessibility: Keyboard Navigation
Strategic Management: Text and Cases, 11th Edition
By Gregory Dess, Gerry McNamara
LU
XE
LI
BR
AR
Y
, Table of Content
PART 1: STRATEGIC ANALYSIS
1. Strategic Management: Creating Competitive Advantages
2. Analyzing the External Environment of the Firm 3. Assessing the Internal Environment of
the Firm 4. Recognizing a Firm’s Intellectual Assets: Moving beyond a Firm’s Tangible
Resources
PART 2: STRATEGIC FORMULATION
LU
5. Business-Level Strategy: Creating and Sustaining Competitive Advantages
6. Corporate-Level Strategy: Creating Value through Diversification
XE
7. International Strategy: Creating Value in Global Markets
8. Entrepreneurial Strategy and Competitive Dynamics
PART 3: STRATEGIC IMPLEMENTATION
LI
9. Strategic Control and Corporate Governance 10. Creating Effective Organizational Designs
11. Strategic Leadership: Creating a Learning Organization and an Ethical Organization
BR
12. Managing Innovation and Fostering Corporate Entrepreneurship
AR
Y
,Strategic Management: Text and Cases, 11e (Dess)
Chapter 1 Strategic Management: Creating Competitive Advantages
1) Lands' End's failure under the leadership of Ms. Frederica Marchionni was said to be a direct
result of the quality of her leadership. According to the text, this would be an example of the
"romantic" perspective of leadership.
Answer: TRUE
Explanation: In the romantic view of leadership, the implicit assumption is that the leader is the
key force in determining an organization's success or lack thereof. Under Ms. Marchionni's
leadership, the company reported a 19.5-million-dollar loss for 2016 after having reported a
73.8-million-dollar profit for the previous year under its previous CEO.
Difficulty: 2 Medium
LU
Topic: Strategy and the Strategic Management Process
Learning Objective: 01-01 The definition of strategic management and its four key attributes.
Bloom's: Understand
AACSB: Analytical Thinking
Accessibility: Keyboard Navigation
XE
2) Strategic management consists of the analyses, decisions, and actions an organization
undertakes in order to create and sustain competitive advantages.
Answer: TRUE
Explanation: According to the textbook, this is the definition of strategic management.
LI
Difficulty: 1 Easy
Topic: Strategy and the Strategic Management Process
Learning Objective: 01-01 The definition of strategic management and its four key attributes.
BR
Bloom's: Remember
AACSB: Knowledge Application
Accessibility: Keyboard Navigation
3) Management innovations such as total quality, just-in-time, benchmarking, business process
reengineering, and outsourcing are important but not enough for building sustainable competitive
advantage.
AR
Answer: TRUE
Explanation: Sustainable competitive advantage cannot be achieved through operational
effectiveness alone. Popular management innovations of the last two decades like total quality,
just-in-time, benchmarking, business process reengineering, and outsourcing are concerned with
Y
operational effectiveness.
Difficulty: 2 Medium
Topic: Strategy and the Strategic Management Process
Learning Objective: 01-01 The definition of strategic management and its four key attributes.
Bloom's: Understand
AACSB: Analytical Thinking
Accessibility: Keyboard Navigation
4) Trade-off decisions between effectiveness and efficiency are important in the practice of
, strategic management.
Answer: TRUE
Explanation: The fourth attribute of strategic management is that it involves the recognition of
trade-offs between effectiveness and efficiency. Some authors have referred to this as the
difference between doing the right thing (effectiveness) and doing things right (efficiency).
Difficulty: 2 Medium
Topic: Strategy and the Strategic Management Process
Learning Objective: 01-01 The definition of strategic management and its four key attributes.
Bloom's: Understand
AACSB: Analytical Thinking
Accessibility: Keyboard Navigation
LU
5) According to Henry Mintzberg, a management scholar, most firms do not realize their original
intended strategy.
Answer: TRUE
Explanation: Henry Mintzberg states that the intended strategy rarely survives in its original
XE
form. Unforeseen environmental developments, unanticipated resource constraints, or changes in
managerial preferences may result in at least some parts of the intended strategy remaining
unrealized. On the other hand, good managers will want to take advantage of a new opportunity
presented by the environment, even if it was not part of the original set of intentions.
Difficulty: 2 Medium
Topic: Strategy and the Strategic Management Process
LI
Learning Objective: 01-02 The strategic management process and its three interrelated and
principal activities.
Bloom's: Understand
AACSB: Analytical Thinking
BR
Accessibility: Keyboard Navigation
6) The final realized strategy of a firm is a combination of deliberate and time-tested strategies
only.
Answer: FALSE
AR
Explanation: Realized strategy is that strategy of a firm in which organizational decisions are
determined by both analysis and unforeseen environmental developments, unanticipated resource
constraints, and/or changes in managerial preferences.
Difficulty: 2 Medium
Topic: Strategy and the Strategic Management Process
Y
Learning Objective: 01-02 The strategic management process and its three interrelated and
principal activities.
Bloom's: Understand
AACSB: Knowledge Application
Accessibility: Keyboard Navigation
