BUS MANAGEMENT "YOUR PACE" FINAL

Pick the statement that best describes tangible resources.

- They are assets that can be seen and quantified.

When does a valuable but not widely held resource lead to competitive parity for a firm?

-If the firm also possesses the capabilities to exploit a resource

Pick the reason as to why to reputation and practice increase the value of a firm's capabilities.

A knowledge base is grounded in organizational actions that may not be explicitly understood by all employees.

What is the accurate explanation for reputation and practice increasing the value of a firm's capabilities?

A knowledge base is grounded in organizational actions that may not be explicitly understood by all employees.

Why do repetition and practice increase the value of a firm's capabilities?

A knowledge base is grounded in organizational actions that may not be explicitly understood by all the employees.

What is an inimitable resource?

A resource that is difficult to create ready substitutes for.

What is a rare resource according to the VRIO criteria.

A resource that is not widely possessed by other competitors.

What is a rare resource?

A resource that is not widely possessed by other competitors.

What allows firms to create value for customers?

Exploiting internal resources and capabilities and meeting the demand standards of global competitions.

Which example best illustrates the intangible resources of an organization?

Fine System Inc. is a laptop manufacturer known for its innovative methods of developing products.

What is true of strategic planning?

It generally includes the entire organization and includes formulation of objectives.

Choose the statement that best describes strategic planning?

It involves analyzing competitive opportunities and threats, as well as the strengths and weaknesses of an organization.

In the gauge-discover-reflect process, what does discovering involve?

It involves learning enough about a topic so that one can set specific development goals that he or she can apply and practice.

Pick the statement that best defines a team?

It is a cohesive coalition of people working together to achieve mutual goals.

What is a vision statement?

It is a future-oriented declaration of an organization.

Pick the correct statement regarding to VRIO analysis.

It is a way to distinguish resources and capabilities from core competencies.

In generating valuable information about yourself, what is true of the first step that involves describing your ideal day?

It is designed to include as many sides of you and your enthusiasm as possible.

Choose a reason why virtual companies present special leadership challenges.

It is essential for leaders to keep people informed of what they are supposed to be doing and what other arms of the organization are doing.

Pick the statement that accurately describes why virtual companies present leadership challenges.

It is essential for leaders to keep people informed of what they are supposed to be doing and what other arms of the organization are doing.

What happens when a firm possesses capabilities to exploit a valuable but widely held resource.

It leads to competitive parity for the firm

Which statement is true of tactical planning?

Middle-level managers often engage in tactical planning.

Pick the term that refers to individuals who are arrogant and are always seeking admiration and attention.

Narcissists

What is a formal, guided process for integrating the people, information, and technology of an organization known as?

Organizational culture

Pick the point that best describes a leadership persona.

The image and values a leader chooses to project across the workplace.

What is the responsibility of general managers?

They are responsible for managing clearly identifiable revenue-producing units, such as a store, business unit, or product line.

What happens when productive narcissists become unrealistic dreamers?

They become unproductive.

What is true of the best vision statements?

They create a tension and restlessness with regard to the status quo.

Pick the correct description of mission statements.

They describe who the company is and what it does.

Pick the point that explains core competencies.

They distinguish a company competitively and reflect it's personality.

Why should an organization's mission and vision be widely circulated?

They enable employees to better understand the strategy and its implementation.

According to the leadership styles identified by Daniel Goleman, pick the right role of affinitive leaders.

They foster social harmony within the organization and focus on the human and emotional dynamic of the workplace over immediate work requirements.

In the planning process, once a planner completes environmental scanning, identify the step that should be applied by planners.

They must then attempt to forecast future conditions.

What is a fact related to mission statements?

They play a critical role to informing strategy development.

What is a fact related to Theory X leaders?

They see people as lazy and unmotivated to work.

What should learning organizations do to learn from others?

They should recognize the good ideas come from anywhere, not just inside the company.

What is a likely result when vision statements create a tension and restlessness with regard to the status quo.

They tend to foster a spirit of continuous innovation and improvement.

Why should firms exploit internal resources and capabilities and meet the demanding standards of global competition?

To create value for customers

Choose a critical role of mission and vision statements.

To inform strategy development

What is meant by human resources management alignment.

To integrate decisions that people with decisions about the results an organization is trying to obtain .

What does the process of planning begin with?

it begins with environmental scanning in which planners must be aware of the critical contingencies and trends facing their organization

Pick the question that is answered by a vision statement.

Where is the organization going?"

Choose the best description of tangible assets.

Assets that can be seen and quantified.

What happens when an enterprise internally promotes basic values including honesty, but outside in the world when the transactions happen, the lesson is lost?

Breakdown in compliance occurs

How can a firm that possesses a valuable and rare resource gain a competitive advantage.

By effectively using the resource

How can individuals know if they have been honest in developing their own personal mission and vision statements?

By sharing the results of the process with one or more people who are close to them.

What is the first step among the tools for generating valuable information about yourself?

Describe your ideal day.

What is true of leaders and followers?

Followers can exert influence on leaders.

Pick the correct statement regarding leaders and followers.

Followers should not simply be yes-people.

In the gauge-discover-reflect process, what involves taking stock of one's knowledge and capabilities about a topic?

Gauge

While planning, what should planners do immediately after establishing objectives?

Identify alternative courses of actions for achieving the objectives.

What is the first step in identifying one's core mission statement and values

Identifying past successes

According to the VRIO criteria, when is a resource said to be imitable?

If another firm is easily acquires the resource

Describe the term "Mach"

Individuals who gain and use power without regard to the compliance.

Which of the following characterizes operational planning?

It generally assumes the existence of organization-wide or sub-unit goals and objectives and specifies ways to achieve them.

What is true of social movements?

Leaders of social movements depend on charisma rather than authority to motivate participants to action

What management function involves influencing others toward the attainment of organizational objectives?

Leading

What should the leadership of an organization do to make frontline responsibility effective?

Learn to trust workers and give them sufficient opportunities to develop quality-making skills.

In identifying your core mission statement and values, what step should be implemented after identifying core values?

Make a list of the ways that you could make a difference.

What is a fact that is related to individualistic organizations?

Pay and benefits are likely to be closely linked to performance and success.

Select the first step that should be implemented in the planning process.

Planners must be aware of the critical contingencies and trends facing their organization.

Pick an accurate criterion for developing a good BHAG- a big, hairy, audios, goal.

Set with understanding, not bravado.

Pick the statement that accurately describes social movement?

Social Movements can contract out tasks like lobbying and fundraising.

Choose the statement that is true of social networking.

Social networking systems are used by companies internally to help identify experts.

What reflects the aim of tying the organization's human capital, its people, into the mission and vision?

Strategic human resource management

What is the principle of managing ambiguity and paradox according to Tom Peters and Robert Waterman?

The ability of managers to hold two opposing ideas in mind at the same time and still be able to function effectively.

What statement accurately reflects the limitations of the early views of management?

The early views became less effective as work began to require less manual labor and more knowledge work.

What is likely to happen when a firm possesses a valuable and rare resource which it pus to effective use?

The firm gains a competitive advantage

What is revealed by common goals?

The need for unity in the leader-follower relationship

Pick the statement that is true of Theory Y leaders?

Their assumptions may be characterized as commitment and trust oriented.

In the context of organizational structure, what is a feature of administrate systems?

These systems govern the organization through guidelines, procedures, and policies.

What are capabilities?

They are a firm's capacity to deploy resources that have been purposely integrated to achieve a desire and state.

What are core competencies?

They are resources and capabilities that serve as a source of a firm's competitive advantage over rivals.

How do Tom Peters and Robert Waterman describe the principle of productivity through people?

Treating rank-and-file employees as a source of quality.

When will a firm that possesses a valuable and rare resource gain a competitive advantage?

When the resource is put to effective use.

When will employees be able to understand an organization's strategy and its implementation better?

When they understand the organization's purpose through its mission and vision.

What is true of vision, mission, and leading

Without real change leaders, a revolutionary vision would remain a mere idea of a visionary CEO.

Pick the correct guideline that should be allowed while generating ideas for your mission and vision.

Write a rough draft of your mission statement

Define leadership.

the ability to influence to achieve common goals through shared purposes.