CH13: Strategic Leadership and Knowledge Management – Flashcards
Unlock all answers in this set
Unlock answersquestion
An organization's strategy is its
answer
Overall concept of how it will achieve its objectives
question
A major purpose of strategic leadership is to
answer
Provide direction and inspiration in an organization
question
When a company is founded, a major strategic tasks of the founder is to
answer
Define the purpose of the organization
question
In relation to an organization, systems thinking refers to
answer
Understanding how the organization interacts with the environment.
question
What are 3 characteristics of strategic leadership
answer
1. High-level cognitive ability on the part of the leader 2. Anticipating and creating a future 3. Revolutionary thinking
question
The recommended approach for strategy formulation by the leader is for him or her to
answer
Involve large numbers of people
question
A major aspect of direction setting by the leader is to
answer
Anticipate and create a future for the firm
question
Imagine yourself as the CEO of a large business firm whose sales are declining rapidly. A superior act of strategic leadership would be for you to
answer
Give the company a new strategic direction
question
An important characteristic of revolutionary and contrarian thinking is strategy is that the strategy
answer
Seriously challenges the status quo
question
A carefully considered vision statement
answer
Helps us know who we are and who we are not
question
The purpose of a SWOT analysis is to assess
answer
Strengths, weaknesses, opportunities, and threats
question
The internal weaknesses in SWOT analysis refer to the
answer
Risks of pursuing a particular course of action
question
A retailer targeting poor people is an example of the strategy called
answer
Focus
question
A company with a strategy of high quality typically
answer
Combines quality with another strategy
question
The first-mover strategy deals with
answer
Getting to the market first
question
According to the strategy called the Hedgehog concept, a company succeeds by
answer
Becoming very good at one thing
question
A company engages in the brand-leadership strategy when it
answer
Develops the reputation of its brand name
question
To implement the strategy of competitive advantage through hiring talented people, the company's leadership should
answer
High talented, well-motivated people throughout the firm
question
What are the 3 components of knowledge management?
answer
1. Knowledge creation 2. Knowledge dissemination 3. Knowledge application
question
The most frequent activity in knowledge management is
answer
Knowledge dissemination
question
To achieve best results, advanced technology for knowledge management should be
answer
Combined with an organization culture that values knowledge management
question
A key part of knowledge management in organizations is
answer
The systematic sharing information
question
A major responsibility of a chief knowledge officer is to
answer
Systematically collect information
question
A major leadership initiative for enhancing a learning organization is to
answer
Create a strategic intent to learn
question
Peter and his teammates engage in action learning when they
answer
Learn while attacking a significant organizational problem.
