Which of the following describes the point when the drive of the entrepreneur is no longer enough to keep the Stage I company from floundering?

Question 1

1. Which of the following describes the point when the drive of the entrepreneur is no longer enough to keep the Stage I company from floundering?

   Answer

   		Crisis of autonomy
   		Crisis of confidence
   		Crisis of clarity
   		Crisis of leadership

4 points

Question 2

1. For each $1 spent on training, Motorola estimates it receives __________ in productivity gains within three years.

   Answer

   		$15
   		$20
   		$25
   		$30

4 points

Question 3

1. What is the percentage of U.S.-based expatriate managers who fail to adjust to a host country’s social and business environment?

   Answer

   		6% or less
   		Approximately 35%
   		Between 50% and 75%
   		Approximately 80%

4 points

Question 4

1. All of the following are changing structural characteristics found in the modern organization design EXCEPT:

   Answer

   		horizontal communication.
   		autonomous work teams.
   		extensive training.
   		centralized top-down decision making.

4 points

Question 5

1. Successful defender firms tend to be headed by CEOs with backgrounds in the areas of:

   Answer

   		research/engineering and general management.
   		accounting/finance, manufacturing/production, and general management.
   		marketing/sales.
   		human resources and strategy.

4 points

Question 6

1. According to Hofstede’s cultural dimensions, which country scored the highest on individualism?

   Answer

   		Hong Kong
   		Germany
   		Pakistan
   		United States

4 points

Question 7

1. Research suggests that boards of directors tend to look outside the firm for the next CEO under which of the following circumstances?

   Answer

   		When the company is prosperous
   		When the company is having temporary difficulty
   		When the company is in trouble
   		When the company needs to follow a stability strategy

4 points

Question 8

1. Which type of chief executive officer who is highly knowledgeable in other industries and can manage diverse product lines would be appropriate for a corporation following a diversification strategy?

   Answer

   		Professional liquidator
   		Dynamic industry expert
   		Turnaround specialist
   		Analytical portfolio manager

4 points

Question 9

1. Strategic goals can be accomplished through defining an action plan. Which of the following is NOT one of the components that make up an action plan?

   Answer

   		Stating what action is going to be taken
   		Who will perform the action
   		During what time frame the action will be done
   		Where the action will be done

4 points

Question 10

1. According to the text, what is the “key” to effective management of change in culture?

   Answer

   		Planning
   		Operationalization
   		Evaluation
   		Communication

4 points

Question 11

2. Question 12

   1. The textbook points out the importance of assessing the strategy-culture compatibility when
      implementing a new strategy. Do you feel that culture follows strategy, or does strategy follow culture? Justify your answer.