Exam

Name

Sire Warrer

TRUE$/$FALSE$.$ Write $\text{'}T\text{'}$ if the statement is true and $\text{'}F\text{'}$ if the statement is false.

A good strategy is a set of actions that enables a firm to achieve its own internal goals without regard to the external environment.

$f$

The following statement by the chief executive of SunStar movie studio is an effective strategy: $"$We will produce the greatest films of the $21$ st century."

A vision describes in broad, inspirational terms what an organization hopes to accomplish in the future.

Core values provide ethical guidelines for how individual employees will behave.

The three tasks of the AFI strategy framework are to Assemble a prototype, Find a buyer, and Incorporate feedback.

Executives whose visions and decisions help their companies achieve competitive advantage can be considered strategic leaders.

According to the Level $5$ leadership pyramid, effective strategic leaders go through a natural progression of five levels. You can move on to the next level of leadership only when the current level has been mastered.

Autonomous actions are strategic initiatives undertaken by low$-$level employees on thei own volition.

Because they are a crucial component of a firm's success, customers are considered internal stakeholders.

A firm's ethical and philanthropic responsibilities are required to meet its shareholde value.