Test Bank — Strategic Management: Text and Cases, 11th Edition (Dess, McNamara, Eisner & Sauerwald, 2023) | All Chapters and Cases Covered

TEST BANK
Strategic Management: Text and Cases
Gregory Dess, Gerry McNamara, Alan Eisner, Steve Sauerwald
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11th Edition
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IA
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AP
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, TABLE OF CONTENTS
Test Bank: Strategic Management Text and Cases, 11th Edition
By Gregory Dess, Gerry McNamara, Alan Eisner, and Steve Sauerwald

PART 1: STRATEGIC ANALYSIS
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CHAPTER 1 Strategic Management: Creating Competitive Advantages

CHAPTER 2 Analyzing the External Environment of the Firm
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CHAPTER 3 Assessing the Internal Environment of the Firm

CHAPTER 4 Recognizing a Firm's Intellectual Assets: Moving beyond a Firm's Tangible
Resources

PART 2: STRATEGIC FORMULATION
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CHAPTER 5 Business-Level Strategy: Creating and Sustaining Competitive Advantages

CHAPTER 6 Corporate-Level Strategy: Creating Value through Diversification
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CHAPTER 7 International Strategy: Creating Value in Global Markets

CHAPTER 8 Entrepreneurial Strategy and Competitive Dynamics

PART 3: STRATEGIC IMPLEMENTATION
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CHAPTER 9 Strategic Control and Corporate Governance

CHAPTER 10 Creating Effective Organizational Designs
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CHAPTER 11 Strategic Leadership: Creating a Learning Organization and an Ethical
Organization

CHAPTER 12 Managing Innovation and Fostering Corporate Entrepreneurship

PART 4: CASE ANALYSIS
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CHAPTER 13 Analyzing Strategic Management Cases
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, Chapter 1. Strategic Management: Creating Competitive Advantages


Student name:
1) The success of Apple under its former CEO, Steve Jobs, was largely attributed to the quality
of its leader. According to the text, this would be an example of the “romantic” perspective
of leadership.
⊚ true
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⊚ false
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2) Strategic management consists of the analyses, decisions, and actions an organization
undertakes in order to create and sustain competitive advantages.
⊚ true
⊚ false
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3) Management innovations such as total quality, just-in-time, benchmarking, business process
reengineering, and outsourcing are important but not enough for building sustainable
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competitive advantage.
⊚ true
⊚ false
AP

4) Trade-off decisions between effectiveness and efficiency are important in the practice of
strategic management.
PR
⊚ true
⊚ false
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5) According to the textbook, digitizing existing business processes rarely improves efficiency.
⊚ true
⊚ false
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6) A company that digitizes existing processes may achieve operational excellence on an
outdated value proposition. Airbnb is an example of a company that entered the market with
a superior digital offering, competing against hotels that had only digitized processes.
⊚ true
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⊚ false

, Chapter 1. Strategic Management: Creating Competitive Advantages


7) According to Henry Mintzberg, a management scholar, most firms do not realize their
original intended strategy.
⊚ true
⊚ false
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8) The final realized strategy of a firm is a combination of deliberate and time-tested strategies
only.
⊚ true
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⊚ false



9) Strategy analysis is the study of only the big picture external environments of the firm.
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⊚ true
⊚ false
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10) All successful firms compete and outperform their rivals by developing bases for competitive
advantage, which can be achieved only through cost leadership.
⊚ true
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⊚ false



11) The three primary participants in corporate governance are:
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1. (1) the shareholders,
2. (2) the management (led by the chief executive officer),
3. and (3) the employees.
⊚ true
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⊚ false



12) Decisions by boards of directors are always consistent with shareholder interests.
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⊚ true
⊚ false
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