SLS-1261 M6A3 Quiz | Chapters 11, 12 and 13

Weston Corp., a dairy processing company, is located close to the local dairy farms from where it procures its daily inputs. In the context of SWOT analysis, under which of the following components can this fact be included in the company's strategic planning analysis?

Internal strengths

A retailer targeting low income groups is an example of the _____ strategy.

focus

A method of managing creative workers is to _____.

give them flexibility

Which of the following practices is least likely to be helpful in managing creative people?

giving creative people considerable structure

A common thread to creativity-enhancing exercises is that they require:

flexible thinking

A sign of possible misunderstanding when communicating with a person whose first language is not the same as yours is inappropriate laughter on his or her part.

true

Seeing opportunities is an important part of entrepreneurial leadership.

true

​Which of the following is a contributing factor to team learning?

​Personal mastery of the job

Age Inc., a company producing scientific instruments, has a dedicated team working on product innovations. This team is not involved in the company's regular activities. The team is provided with ample resources and has direct access to the company's senior management team. From the given scenario, it can be inferred that _____.

​innovation is continuously pursued

Daisy Inc. enjoys a monopoly in the procurement and distribution of coffee beans. The company undertakes a strategic analysis of its market position. A local daily newspaper has published a report stating that a global coffee beans producer is entering the region to set up retail stores in order to increase its efficiency in distribution. Daisy Inc. is most likely to include this fact under which of the following components of a SWOT analysis?

External threats

The first-mover strategy deals with:

Getting to the market first

In the past several years, Dawson Inc., a consumer durables company, has been focusing only on a particular region due to its forecasted potential for the durables industry. Due to recessionary conditions in the region, the sales of Dawson's products have been hit hard, resulting in severe losses. Which of the following strategies could prevent such a scenario?

Global diversification

Team leader Steve wants to personally observe the problems and developments within his team. Which of the following techniques is most likely to suit his purpose?

Making the rounds

Which of the following examples shows the cognitive abilities of a creative person?

Martin is able to think of several alternatives for a problem.

Which of the following examples illustrates an indirect tie according to the strength-of-ties perspective​?

Sarah is connected to Michael through her friend Shirley

A useful variation of the collaborative style of conflict management is to:

agree with the person criticizing you.

A company engages in the brand-leadership strategy when it

develops the reputation of its brand name.

Bright Inc., a company exporting electrical appliances, fails to deliver a large shipment on time to a customer in a different country due to certain technical problems. In order to avoid embarrassment, the officials of Bright Inc. conduct themselves in a dignified manner, as they may have to deal with the customer in future. Which of the following aspects of negotiation is seen in the given example?

face saving

Research based on the LMX theory indicates that favorable exchanges between managers and creative workers are associated with low creativity.

false

A helpful way of overcoming cross-cultural communication barriers is to make frequent reference to a person's race or ethnicity, such as saying, "I would like you to meet Hector, our Latino member, who is a specialist in website construction."

false

As a business owner, you are using the Hedgehog concept when you diversify into several unrelated businesses.

false

a worker has the experience of flow when he or she:

is totally absorbed in the task at hand.

Mark, the manager of the marketing team of a company, often contacts the members of the finance team for budget-related details. Mark needs this information to design marketing strategies that fall within the allocated budget. Which kind of leadership network is Mark using for performing his tasks efficiently?

operational network

A basic principle of persuasion is:

people like those who like them.

The problem with the authority for important strategic decisions resting only with the CEO of a company is that:

personal biases and other factors can cloud a single executive's opinion.

Front-loading communication messages involves:

placing key ideas at the beginning of a conversation

Multiunit organizations sometimes enhance creativity by:

sharing ideas across divisions.

The purpose of a SWOT analysis is to assess:

strengths, weaknesses, opportunities, threats