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Question
Billy Kroghmen is the son of a very prominent Fortune 500 CEO. Billy has had troubles. He failed out of multiple colleges, universities, and correspondence schools. He finally received his undergraduate degree from a university with only a post office box for an address. He then enrolled in the school's combined graduate accounting and law school programs, graduating with honor with degrees in both areas. After graduation, he twice failed both the CPA and bar exams, managing to set record low scores on the ethics portions of both. Despite these academic setbacks, Billy's career now seems to be thriving. He has been appointed to a number of "blue ribbon" government committees, is on the Board of Directors of two corporations and one prestigious not-for-profit organization. In at least one instance, a donor credited Billy with the idea for making a large contribution to the not-for-profit. Widespread speculation is that his career advancement is based largely on social relationships through friends and family. We would classify Billy as ____ on ____ capital, and ____ on ____ capital.
a. high; social; low; human
b. high; human; high; social
c. high; human; low; social
d. None of these options are correct.
Answer
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Related questions
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For 15 years, Edward was a compensation specialist at a mid-sized firm. He was laid off when the firm experienced financial setbacks. Edward has decided to open his own business as a compensation consultant to small firms. He can expect that his main source of human capital will be a bank line of credit.
a. True
b. False
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A cost leadership strategy targets the industry's ____ customers.
a. most typical
b. poorest
c. least educated
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b. when the customer's needs should be satisfied.
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a. True
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Capabilities of an organization emerge spontaneously through the interaction of tangible and intangible resources.
a. True
b. False
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Valuable capabilities allow the firm to exploit strengths or neutralize weaknesses in the internal environment.
a. True
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The Renault Nissan alliance (Chapter 9 Mini Case) is an example of a _______ created to gain economies of scope by sharing resources and capabilities.
a. diversifying strategic alliance
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To increase the likelihood of success between partners assuming that trust exists, ____ approach(es) should be used to manage cooperative strategies.
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Q:
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a. predatory alliances.
b. explicit collusion.
c. tacit collusion.
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Research in the airline industry suggests that tacit collusion reduces service quality and on-time performance.
a. True
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a. True
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Acquisitions are the most common cooperative strategy used in standard-cycle markets.
a. True
b. False
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A global corporate-level strategy differs from a multi-domestic corporate-level strategy in that in a global strategy:
a. competitive strategy is dictated by the home office.
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c. products are customized to meet the individual needs of each country.
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Q:
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a. lack of basic resources.
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Q:
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Q:
A multi-domestic corporate-level strategy has ____ need for global integration and ____ need for local market responsiveness.
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b. capital.
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a. internal CEO with short tenure.
b. external CEO with a heterogeneous top management team.
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Q:
Which of the following is NOT one of the five dimensions thought to characterize an employee's entrepreneurial mind-set?
a. Autonomy
b. Reactivity
c. Risk taking
d. Innovativeness
Q:
The more heterogeneous and the larger the top management team, the easier it is to implement strategy effectively.
a. True
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When a new CEO is selected from outside the firm, a change of strategy is likely, especially if the top management team is homogenous and highly cohesive.
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a. True
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Members with substantive expertise in the firm's core functions and businesses aid the effectiveness of the top management team.
a. True
b. False
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The balanced scorecard's perspective on learning and growth is intended to improve the firm's ability to innovate.
a. True
b. False
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Effectively managing the firm's resource portfolio (financial, human, social, and organizational capital) may be the most important strategic leadership task.
a. True
b. False
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The most critical ability of a strategic leader is the ability to attract and then manage human capital.
a. True
b. False
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In the past, companies had a preference for insiders to fill top-level management positions because of the desire for continuity and a continuing commitment to the firm's current vision, mission, and chosen strategies.
a. True
b. False
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Transformational leadership is the most effective strategic leadership style.
a. True
b. False
Q:
What is organizational culture? What must strategic leaders do to develop and sustain an effective organizational culture?
Q:
Define the three major dimensions of organizational structure: specialization, centralization, and formalization. How do these dimensions vary in organizations implementing the cost leadership, differentiation, and cost leadership/differentiation strategies?