Chap 2

Question 1

What are the five levels of leadership

Answer 1

highly capable individual, contributing team member, competent manager, effective leader, and executive

Question 2

What do corporate managers do?

Answer 2

Decide where to compete and create synergies
Answer strategic questions

Question 3

What do business managers do?

Answer 3

Decide how to compete for superior performance
Manage and align functional areas

Question 4

What do functional managers do?

Answer 4

Implement business strategy in a single functional area

Question 5

How does the ethical core values lay the groundwork for long term success?

Answer 5

Ensure stability of strategy
Lay groundwork for long-term success

Question 6

What is strategy as planned emergence?

Answer 6

Combination of top-down and bottom-up processes
Resulting in planned emergence

Question 7

What is strategic dissonance?

Answer 7

When current strategy no longer provides expected outcomes

Question 8

What is the strategic inflection points?

Answer 8

Moment when business and industry fundamentals change