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- SECTION B – TRUE/FALSE QUESTIONS1. 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. Trueb. False2. Ultimately, strategic leadership is the responsibility of the CEO and top management.a. Trueb. False3. The link between leadership and strategy is a new concept but quickly becoming accepted.a. Trueb. False4. 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 itsenvironment, so as to achieve organizational goals.a. Trueb. False5. Ultimately, organizational change is about changing the profit margin of the organization.a. Trueb. False6. An organization's external environment presents strengths and weaknesses, while it internal environment presents opportunities and threats.a. Trueb. False7. The…18. Analyze the following statements and identify the correct answer. Statement 1: A manager does more holistic functions of management. Statement 2:A leader does only one aspect of management functions, i.e., directing. a. Both the statements are false b. Only statement 1 is false c. Only statement 2 is false d. Both the statements are true1. The ability to do the right things is termed as ________. a. Procedure b. Effectiveness c. Efficiency d. Adaptability 2. Saeed, owner of Al Mashhoor, encourages employees to participate in the decision-making process and also encourages and develops subordinates for higher responsibility. Which of the following is the leadership style of Saeed? a. Laissez-faire b. Paternalistic c. Authoritarian d. Democratic
- 3. Which of the following is not a reason why a leader should support ethical 1 point behavior? OA. Increases trust and respect at all levels B. Encourages early detection of problem areas and ethics violations C. Is required before stock options can be issued to the individual O D. Helps ensure the long-term viability of the enterprise 4. Which of the following is not a reason why people make bad decisions? OA. They feel entitled. B. They do not think they will be caught. C. They lack resources. OD. They do not view the act as illegal. 2 1 point38. ______________ is a means to an end of business performance and results, so it should be designed so as to help accomplish business objectives. a. Organization chart b. Organization goal c. Organization system d. Organization structure 39. Which of the following is the style of leadership where subordinates are frequently consulted by the manager on wide ranging problems and are allowed sufficient freedom to communicate with the leader? a. Authoritarian b. Paternalistic c. Democratic d. Laissez-faireDoes the context determine what the strategising manager must do, or can the manager shape the context? Some people argue or assume that the strategy context has a dynamic all on its own, which strategists can hardly influence, and therefore that the strategy context sets strict confines on the freedom to manoeuvre. The context is not malleable and hence the motto for the strategist is ‘adapt or die’. Others believe that strategists should not be driven by the context but have a large measure of freedom to set their own course of action. Frequently it is argued that strategizing managers can, and should, create their own circumstances, instead of being enslaved by the circumstances they find. In short, the strategy context can be determined, instead of letting it determine. Discuss in the context of the Industry Dynamics versus the Industry Leadership Perspective.
- Please no written by hand solution According to an opinion column in the Wall Street Journal, "Directors need to be held more accountable when they fail to set the proper tone at the top, and right now there is almost no consequence for most governance failures."Source: Ronald Barusch, "CBS and the Need to Hold Directors Accountable," Wall Street Journal, September 16, 2018. Part 2 a. What is the key principalagent problem that exists in some corporations? A. The firm's top managementthe agentsmay pursue their own interests rather than the interests of the firm's customersthe principal. B. The firm's top managementthe principalmay pursue their own interests rather than the interests of its workersthe agents. C. The firm's top managementthe agentsmay pursue their own interests rather than the interests of its shareholdersthe principal. D. The firm's shareholdersthe principalmay pursue their own interests rather than the interests of the firm's top managementthe agents.…1. The world of the manager is full of responsibility such as uncertainty, ambiguity, and sudden threats from all aspects, workplace, environment, peers and rank and title. Describe the skills and qualities that are required to managers under these conditions. B) Discuss, describe the advantages and disadvantages of teams. Give a situation wherein the disadvantages outweigh the advantages? c) Based on your experience at work or school, describe some ways in which the principles of a scientific management and bureaucracy are still used in organizations. Do you believe these characteristics will ever cease to be a part of organizational life? Discuss. d) Why is procurement considered such an important part of operations management? What are some of the major changes in the procurement process in the recent years? e) Do you see yourself as having leader qualities or manager qualities? Do you think you will become a better leader/manager by developing the characteristics you already have…24- Salim is a company owner. His employees do not want to adjust to the new changes in the company. However, these employees are very cooperative as long as their opinions are heard and their needs are fulfilled. Suggest which leadership styles can be used in this case? a. Paternalistic and Laissez faire b. Laissez faire and Paternalistic c. Autocratic and Democratic d. Paternalistic and Democratic
- 50- Which of these statements is true regarding leadership? a. Democratic style is the worst form of leadership b. One leadership style can be used in all situations c. Leadership styles vary in different situations d. Autocratic style is the best leadership styleDescribe the key mistakes made by the CEO in the way he went about introducing the proposed changes in B company, with support of leadership style28. Hi Everything Co., a manufacturing firm, with a range of locations and products is hierarchical. For 10 years, clear but detailed criteria were used to report up through many layers. Due to voluminous reporting, the firm simplified the criteria allowing judgment so that only a very few risks get to the top. Some managers are concerned that the revised system may not be effective. What would you suggest? a. Continue with the new system to show confidence that managers' judgments at all levels are trusted at the top b. Involve managers in developing a hybrid of the old and revised systems c. Revert to the old system, because important risks might be missed d. Start over with a completely new third approach 29. Internal audit plays several key roles in ERM. Which of the following is not a legitimate role for internal audit to undertake? a. Offering consulting services in support of risk management b. Identifying the risk universe c. Constructing an annual plan based…