Quiz 2: Strategic leadership

Carrvour Inc. is a company that manufactures steel, cement, cars, and consumer electronics under a single brand. The top management at Carrvour has decided to enter the banking and insurance industry based on its assessment of the profit potential in that industry. Which of the following strategies does this best illustrate?

Corporate strategy

A company's strategic business unit:

is responsible for its own profit and loss.

Nathan is part of a sales team. He effectively coordinates his tasks with others in the team and willingly contributes to their efforts in achieving the team's objectives. Thus, Nathan is in _____ of the Level-5 leadership pyramid.

Level 2

Riccarda is a manager. Her colleagues and subordinates look to her as a person who typically does the right things. Along with other skills, her ability to effectively organize and deploy resources like labor, material, and money has been appreciated by her supervisors. According to the Level-5 leadership pyramid, which of the following levels would be the immediate next step for Riccarda?

Level 4

How are the two approaches strategic planning and scenario planning different from strategy-as-planned-emergence approach?

Relative to strategic planning and scenario planning, strategy as a planned emergence model is a less formal and less stylized approach to the development of strategy.

_____ is best described as a rational process in which executives at a company's headquarters take primary responsibility to program future success of the company they lead.

Top-down strategic planning

Due to political instability in the country of United Mapa, the strategic leaders at the headquarters of FT Supplies Inc. have decided to divest the company's business from the foreign market in United Mapa. This decision would be applicable to all the business units of FT Supplies Inc. operating in United Mapa. Thus, this is decision reflects the _____ area of strategy formulation.

corporate

Top-down strategic planning works best when the:

environment does not change much.

According to the Level-5 leadership pyramid, a manager in Level 1 is primarily characterized as:

making productive contributions through motivation, talent, knowledge, and skills.

A traditional top-down strategic planning process typically begins with:

strategic leaders adjusting a company's vision and mission based on environmental analysis.