Multiple Choice
Identify the
letter of the choice that best completes the statement or answers the question.
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1.
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Strategy creation involves three strands. Which of the following is not one of the
three stands? a. | Planning | b. | Vision | c. | Entrepreneurship | d. | Emergent strategies | | |
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2.
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Which
of the following is not one of the three elements of strategy creation? a. | Sales | b. | Innovation | c. | Planning | d. | Leadership | | |
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3.
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What
is an emergent strategy? a. | One with clear objectives leading to a clear
strategy | b. | One with no specific objectives, that is fully flexible, using
opportunism to 'seize the main chance' at the right moment | c. | One with a
formal approach to adaptive strategy creation, so that in a turbulent environment objectives and
strategies can be adjusted | d. | One that has a clear mission and directional objectives but
that also recognizes the need for flexibility | | |
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4.
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What
must the strategic visionary leader avoid in order to ensure the prolonged success of a
strategy? a. | Becoming
blinkered by the success of one strategy to the detriment of others | b. | Depending too
heavily on colleagues | c. | Becoming too ambitious | d. | Being
adaptable | | |
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5.
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What
is an incremental strategy? a. | One that is formalized from the beginning and adhered to along
the way exactly | b. | One that evolves according to past experiences and changing
circumstances | c. | One that is formalized, but is slightly flexible if
necessary | d. | One that has the potential to open up new opportunities along
the way which can be incorporated into the long term strategy | | |
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6.
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Name
one of the strategic pressures that could weaken an unprepared organization? a. | Exploitation of
opportunities | b. | Lax controls that indulge flexibility | c. | Adaptation along
the strategic path | d. | Too many controls at the expense of
flexibility | | |
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7.
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In
military analogy, what is the outcome if in strategy creation the organization has both capability
and intent? a. | Capacity | b. | Credibility | c. | Emergent
strategy | d. | Intended strategy | e. | Incremental
strategy | | |
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8.
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What
is the key variable in executing visionary strategy creation at the competitive strategy
level? a. | Seizing the
opportunities presented | b. | Formalized planning | c. | Innovation | d. | Learning | | |
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9.
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If
unprepared, what strategic pressures are recognized as key factors that can weaken the
organization? a. | Competitive and
environmental pressures | b. | Control at the expense of flexibility | c. | Lack of
planners | d. | Poor strategic leadership and excessive
control | e. | Competitive and environmental pressures, and excessive
control | | |
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10.
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What
is said to be the key factor in maintaining organizational growth (e.g., Hurst
1995)? a. | Entrepreneurial
vision | b. | Planning | c. | Innovation | d. | Flexibility | | |
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