MGMT 405
According to the text, what is the definition of "Scalable"?
Able to change in size or to scale up.
Are all of the following success factors and characteristics of an adaptable and innovative organizational culture? Being receptive to new business ideas; being receptive to the idea that mistakes are a necessarily part of the process; keeping an open mind; developing the capacity to look at things with fresh eyes; being open to chance discoveries; mangers must allow employees to experiment with new methods to drive organizational growth.
All of the above are explicitly stated as factors and characteristics of an adaptable and innovative organizational culture.
Strategic management entails which of the following:
All of the statements are correct of strategic management.
The progression from being a novice to developing mastery involves the capacity to improvise. The journey from a novice to the highest level of mastery occurs in five stages. Which of the following is NOT one of the five stages?
Apprentice
_____________ can be a formidable barrier to creativity in organizations because they are so much a part of everyday life.
Attitudes
The transition of the Hummer from a military vehicle to a sought-after status object for gas guzzling suburbanites involved such a shift in _____________.
Categories
In achieving a competitive advantage, the resource-based view defines characteristics which make a competitive process sustainable. These characteristics are referred to as "VRIN." The components of VRIN are: valuable, rare, immediate, and non-substitutable.
False
A value chain is a common tool used to identify each moving part within strategic management. It is useful for management to assess the derivation of internal strengths and weakness. A value chain includes supports activities and primary activities. Which of the answer choices contains only support activities?
Firm Infrastructure, Technology, Procurement
The ability to ________ is, among other things, the ability to deal with the unforeseen skillfully and elegantly. And in today's fast changing business environment, knowing how to __________ is becoming a key competence.
Improvise
All of the following are mention by the text as organizational benefits of innovation except:
Innovative organizations always make more money in the short term and in the long term
While traditionally knowledge has been understood as rational, logical, and analytical (based upon empirical facts), researchers argue that managers use these qualities far less frequently than ___________.
Intuition
What is "intrinsic motivation?"
It is an internal motivation from within.
A PESTEL analysis looks at the six most common macro-environmental factors in order to understand their interaction with the organization. Which of the following is not a PESTEL factor?
Market
A responsible management team will create and implement six components of change. Which of the following is NOT one of the six mentioned in the text?
Market analytics
Mindfulness means staying open to many possible points of view, exploring different perspectives, and staying open to possibilities. Another way to think of this aspect of mindfulness is in terms of ___________. For instance, a carpenter, a botanist, a landscaper, and a couple looking for shade have very different ___________ of a tree.
Mental Models
Weisbord presents a six-box model for understanding—and thereby changing and improving—an organization. All of the following are part of his sex-box model except:
Method
The concept of _____________ provides a useful entry point to understanding the workings of a creative attitude.
Mindfulness
Fuglsang and Sundbo suggest that there are three modes of innovation. Those three modes are:
Only (a), (c), and (d) are mentioned -entrepreneurial value-based method -technology-based functional mode -strategic-reflexive mode
A value chain is a common tool used to identify each moving part within strategic management. It is useful for management to assess the derivation of internal strengths and weakness. A value chain includes supports activities and primary activities. Which of the answer choices contains only Primary activities?
Service, Inbound logistics, Operations, Marketing and Sales
Henry Mintzberg stated that there are prescriptive approaches (what should be) and descriptive approaches (what is) to strategic management. He hypothesized five strategic types. Which of the following is not one of his stages?
Strategy as market score-card
A SWOT analysis is a strategic planning method used to evaluate the strengths, weaknesses, opportunities, and threats related to a project or business venture. The components of "SWOT" are:
Strengths, Weaknesses, Opportunities, Threats
According to the text, what is the definition of "Commercialization"?
The act of positioning a product to make a profit.
Typically strategy is generally perceived as __________ managerial responsibility.
The highest level of
According to Chapter 9 of the text, what is the definition of "vertical integration?"
The integrating of successive stages in the production and marketing process under the ownership or control of a single management organization.
According to the text, the definition of "cannibalization is:
The reduction of sales or market share for one of your own products by introducing another.
According to Chapter 9 of the text, what is the definition of "Environmental Scanning?"
The study and interpretation of the political, economic, social, and technological events and trends that influence a business, an industry, or even a total market.
According to the text, the definition of "Social Capital" is:Of or relating to society.
The value created by interpersonal relationships with expected returns in the marketplace.
According to Komisar, what distinguishes the Silicon Valley is not its successes, but ___________________________.
The way in which it deals with failures.
Which of the following is/are components of mindfulness:
Three of the answers in this answer set are correct.
Organizational psychology is the scientific study of employees, workplaces, and organizations.
True