Leadership Theory Application And Skill Development 6th Edition By Lussier – Test Bank

1. Strategic leadership is a leader’s ability to anticipate, envision, maintain flexibility, think strategically, and work with others to initiate changes that will create a viable future for the organization.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p. 397
LEARNING OBJECTIVES: MGMT.LUSS.16.11-01 – LO: 11-01
NATIONAL STANDARDS: United States – BUSPROG: Analytic
STATE STANDARDS: United States – IL – DISC: Strategy – Strategic management builds competitive advantage
ACCREDITING STANDARDS: AACSB: Analytic – Analytic skills
TOPICS: Conceptual
KEYWORDS: BLOOMS: Knowledge

2. Ultimately, strategic leadership is the responsibility of the CEO and top management.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p. 397
LEARNING OBJECTIVES: MGMT.LUSS.16.11-01 – LO: 11-01
NATIONAL STANDARDS: United States – BUSPROG: Analytic
STATE STANDARDS: United States – IL – DISC: Strategy – Strategic management builds competitive advantage
ACCREDITING STANDARDS: AACSB: Analytic – Analytic skills
TOPICS: Conceptual
KEYWORDS: BLOOMS: Knowledge

3. There are several definitions of the concept of strategic leadership, each revolving around a different theme.
a. True
b. False
ANSWER: False
RATIONALE: They revolve around the same themes.
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p. 397
LEARNING OBJECTIVES: MGMT.LUSS.16.11-01 – LO: 11-01
NATIONAL STANDARDS: United States – BUSPROG: Analytic
STATE STANDARDS: United States – IL – DISC: Strategy – Strategic management builds competitive advantage
ACCREDITING STANDARDS: AACSB: Analytic – Analytic skills
TOPICS: Conceptual
KEYWORDS: BLOOMS: Knowledge

4. One area in which change is unmistakable is the increasing global competitive marketplace.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p. 399
LEARNING OBJECTIVES: MGMT.LUSS.16.11-01 – LO: 11-01
NATIONAL STANDARDS: United States – BUSPROG: Analytic
STATE STANDARDS: United States – IL – DISC: Strategy – Strategic management builds competitive advantage
ACCREDITING STANDARDS: AACSB: Analytic – Analytic skills
TOPICS: Conceptual
KEYWORDS: BLOOMS: Knowledge

5. Effective strategic leaders seek the counsel of a select group of employees throughout the strategic management process because the fewer people are involved the quicker decisions get made.
a. True
b. False
ANSWER: False
RATIONALE: An effective strategic leaders seeks the participation of a large coalition of employees.
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p. 400
LEARNING OBJECTIVES: MGMT.LUSS.16.11-01 – LO: 11-01
NATIONAL STANDARDS: United States – BUSPROG: Analytic
STATE STANDARDS: United States – IL – DISC: Strategy – Strategic management builds competitive advantage
ACCREDITING STANDARDS: AACSB: Analytic – Analytic skills
TOPICS: Conceptual
KEYWORDS: BLOOMS: Knowledge

6. The link between leadership and strategy is a new concept but quickly becoming accepted.
a. True
b. False
ANSWER: False
RATIONALE: The concept has been around for 50 years and is well established.
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p. 400
LEARNING OBJECTIVES: MGMT.LUSS.16.11-01 – LO: 11-01
NATIONAL STANDARDS: United States – BUSPROG: Analytic
STATE STANDARDS: United States – IL – DISC: Strategy – Strategic management builds competitive advantage
ACCREDITING STANDARDS: AACSB: Analytic – Analytic skills
TOPICS: Conceptual
KEYWORDS: BLOOMS: Knowledge

7. Strategic leadership is the set of decisions and actions used to formulate and implement specific strategies that will achieve a competitively superior fit between the organization and its environment, so as to achieve organizational goals.
a. True
b. False
ANSWER: False
RATIONALE: This is not the definition of the strategic leadership.
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p. 401
LEARNING OBJECTIVES: MGMT.LUSS.16.11-01 – LO: 11-01
NATIONAL STANDARDS: United States – BUSPROG: Analytic
STATE STANDARDS: United States – IL – DISC: Strategy – Strategic management builds competitive advantage
ACCREDITING STANDARDS: AACSB: Analytic – Analytic skills
TOPICS: Conceptual
KEYWORDS: BLOOMS: Knowledge

8. The leader’s role in leading the strategic management process only applies to for-profit organizations while non-profit organizations call for a different approach.
a. True
b. False
ANSWER: False
RATIONALE: It applies to both for-profit and non-profit organizations.
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p. 400
LEARNING OBJECTIVES: MGMT.LUSS.16.11-01 – LO: 11-01
NATIONAL STANDARDS: United States – BUSPROG: Analytic
STATE STANDARDS: United States – IL – DISC: Strategy – Strategic management builds competitive advantage
ACCREDITING STANDARDS: AACSB: Analytic – Analytic skills
TOPICS: Conceptual
KEYWORDS: BLOOMS: Knowledge

9. The first step in the strategic management process is strategy formulation.
a. True
b. False
ANSWER: False
RATIONALE: Strategy Formulation is not the first step.
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p. 401 and Exhibit 11.1
LEARNING OBJECTIVES: MGMT.LUSS.16.11-02 – LO: 11-02
NATIONAL STANDARDS: United States – BUSPROG: Analytic
STATE STANDARDS: United States – IL – DISC: Strategy – Strategic management builds competitive advantage
ACCREDITING STANDARDS: AACSB: Analytic – Analytic skills
TOPICS: Conceptual
KEYWORDS: BLOOMS: Knowledge

10. An organization’s external environment presents strengths and weaknesses, while it internal environment presents opportunities and threats.
a. True
b. False
ANSWER: False
RATIONALE: The reverse it true.
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p. 405
LEARNING OBJECTIVES: MGMT.LUSS.16.11-04 – LO: 11-04
NATIONAL STANDARDS: United States – BUSPROG: Analytic
STATE STANDARDS: United States – IL – DISC: Strategy – Strategic management builds competitive advantage
ACCREDITING STANDARDS: AACSB: Analytic – Analytic skills
TOPICS: Conceptual
KEYWORDS: BLOOMS: Knowledge