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Question
Isidore Crocker, CEO of Gotham Engines, is strongly in favor of acquiring Carolina Textiles, a firm in an unrelated industry. Some members of the Board of Directors are questioning Crocker's motives for the acquisition. They argue that it is not uncommon for CEOs to push for acquisitions because:
a. a successful acquisition will increase the CEO's power over the Board of Directors.
b. making an acquisition is an easier route to increased firm value than is improving the firm's core competencies.
c. higher CEO pay is related to larger organization size.
d. CEOs nearing retirement seek to create empires to continue their legacy.
Answer
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a. True
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a. True
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Q:
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a. lack of basic resources.
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Q:
A large domestic market can provide the country's industries a chance at dominating the world market because:
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a. True
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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?