Principles of Management Ch. 4 Quiz

Which of the following types of creativity is associated with speed and is also a form of creativity fostered from the desire to be highly competitive?

Investment

T/F - Product-market stakeholders include parties with whom the firm shares its industry, including suppliers and customers.

true

T/F - Visionary leadership suggests that, if many or most of an organization's employees understand and identify with the mission and vision, efficiency will increase.

true

A(n) _____ is a future-oriented declaration of the organization's purpose and aspirations.

vision statement

In relation to the P-O-L-C framework, in _____, mission and vision help to generate specific goals and objectives and to develop the strategy for achieving them.

planning

Suppliers and customers fall under the category of _____ shareholders.

product-market

SCAMPER, a checklist tool that helps you to think of changes you can make to an existing marketplace to create a new one stands for_____.

substitute, combine, adapt, modify, put to other uses, eliminate, rearrange

Which of the following statements is true regarding a vision statement?

A vision statement is a future-oriented declaration of the organization's purpose and aspirations.

The _____ facet of the P-O-L-C framework consists of three steps: (1) establishing performance standards, (2) comparing actual performance against standards, and (3) taking corrective action when necessary.

Controlling

Which of the following groups of stakeholders falls under the category of organizational stakeholders?

High-level managers

_____ is a type of creativity that is characterized by new ideas and breakthroughs and it emphasizes external orientation with flexibility.

Imagination

Which of the following types of creativity emphasizes internal orientation with flexibility?

Incubation

With reference to P-O-L-C framework, _____ is the function of management that involves developing an organizational structure and allocating human resources to ensure the accomplishment of objectives.

Organizing

Which of the following stakeholders is an internal key stakeholder?

Shareholders

_____ reflects the aim of integrating the organization's human capital into the mission and vision.

Strategic Human Resources Management (SHRM)

The more that a mission or vision challenges the status quo the greater will be the organization's need of _____ leaders.

change

T/F - Lateral thinking involves logical or structured ways of thinking and it is typically used for improving products and services rather than for generating completely new concepts and ideas.

false

T/F - Programmed thinking is often called right-brained thinking.

false

T/F - Vision statements are longer than mission statements.

false

Improvement is one of the four creativity types that emphasizes _____.

internal orientation with high control

A(n) _____ communicates the organization's reason for being, and how it aims to serve its key stakeholders.

mission statement

The people who should be consulted as strategy is developed or who will play some part in its eventual implementation fall under the category of _____ stakeholders.

organizational