Question 1

A concern in matching managers with strategy is that jobs have relatively ________ responsibilities, while people are ________ in their personal development.
A) static; dynamic
B) dynamic; static
C) quick; slow
D) exciting; dull
E) dull; exciting

Accepted Answer

Jobs have relatively static responsibilities, meaning that the tasks and responsibilities required for a particular role often remain constant over time. On the other hand, people are dynamic in their personal development, meaning that they grow and change over time as they gain new skills and experiences. Matching managers with strategy requires finding individuals whose personal development matches the evolving needs of the strategy, which can be difficult when job responsibilities remain relatively static.

Question 2

Which company estimates wellness programs have cumulatively saved the company $250 million on health care costs in the past decade?
A) Ford Motor Company
B) Johnson & Johnson
C) Coca-Cola
D) TJX
E) Boeing

Accepted Answer

Johnson & Johnson estimates that their wellness programs have saved the company $250 million on health care costs in the past decade.

Question 3

Explain the nature and role of ESOPs in strategic management.

Accepted Answer

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Question 4

For what reason did Boeing fire CEO Harry Stonecipher?
A) Poor company performance
B) Enforcing discriminatory hiring practices
C) Having an extramarital affair
D) Stealing from the company
E) Exorbitant use of company planes

Accepted Answer

Harry Stonecipher was fired from his position as CEO of Boeing in 2005 for having an extramarital affair with a female executive at the company.

Question 5

Approximately how many people in the United States are now part of two-career families?
A) 2 million
B) 8 million
C) 21 million
D) 60 million
E) 85 million

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Question 6

Name at least ten issues that may require a management policy.

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Question 7

Just-in-time describes
A) implementing strategies just before bankruptcy.
B) delivering materials just as they are needed.
C) a scheduling method for meetings.
D) a personnel planning method.
E) a process for improving quality.

Accepted Answer

"Just-in-time" is a philosophy that aims to maximize efficiency by reducing inventory and delivering materials or products just as they are needed, thus minimizing waste and cost.

Question 8

All of the following are ways and means for altering an organization's culture EXCEPT
A) recruitment
B) restructuring of an organization's design
C) role modeling
D) retrenchment
E) mentoring

Accepted Answer

Retrenchment refers to reducing the scale or size of an organization, which may result in layoffs or downsizing of employees. While this may affect an organization's culture indirectly, it is not a deliberate way or means for altering the culture. The other options listed (recruitment, restructuring, role modeling, and mentoring) are all deliberate ways an organization can alter its culture.

Question 9

Discuss the do's and don'ts in developing organizational charts.

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Question 10

What are the advantages and disadvantages of a divisional organizational structure?

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Question 11

There are four basic ways a divisionally structured firm could be organized. What are these four ways? Give an example of each.

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Question 12

There are three major approaches for managing and resolving conflict in an organization. Define these three approaches and give an example of each.

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Question 13

Discuss how work life/home life balance is being addressed by organizations.

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Question 14

In 2012, how many Fortune 500 have women CEOs ?
A) Two
B) Five
C) Twelve
D) Eighteen
E) Twenty-four

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Question 15

What are the three commonly used strategies or approaches for implementing changes in an organization? Give an advantage and/or disadvantage for each type of approach.

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Question 16

Only 15 percent of formulated strategies are successfully implemented.

Accepted Answer

There is no universally accepted statistic that states only 15 percent of formulated strategies are successfully implemented. The success rate of strategy implementation can vary widely depending on various factors such as industry, company size, and management practices.

Question 17

Compare and contrast restructuring and reengineering.

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Question 18

What are five differences between strategy formulation and strategy implementation?

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Question 19

List four major reasons annual objectives are essential for strategy implementation.

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Question 20

Aspects of an existing culture that are antagonistic to a proposed strategy should be
A) preserved.
B) emphasized.
C) built upon.
D) changed.
E) celebrated.

Accepted Answer

Aspects of an existing culture that are antagonistic to a proposed strategy should be changed, as they can act as a barrier to the successful implementation of the strategy. It may be necessary to shift some cultural values, norms, and behaviors in order to align them with the organization's goals and objectives. This can require a careful and thoughtful approach that balances the need for change with respect for the existing culture.

Quiz 7: Implementing Strategies: Management and Operations Issues

A concern in matching managers with strategy is that jobs have relatively responsibilities, while people are in their personal development.

Which company estimates wellness programs have cumulatively saved the company $250 million on health care costs in the past decade?

Explain the nature and role of ESOPs in strategic management.

For what reason did Boeing fire CEO Harry Stonecipher?

Approximately how many people in the United States are now part of two-career families?