Strategic Management Tutorial 4

Question 1

The structures of systems & control where managers are held accountable to stakeholders is:

Accepted Answer

corporate governance

Question 2

Stakeholders have legitimate primacy in relation to the wealth generated by the company in the:

Accepted Answer

shareholder model

Question 3

All definitions of corporate social responsibility recognize that companies have an impact on:

Accepted Answer

society

Question 4

Which view of CSR regard financial considerations as of secondary importance?

Accepted Answer

shaper of society

Question 5

A drawback of the stakeholder model is:

Accepted Answer

potential interference

Question 6

Which of the following identifies the power of stakeholders to influence strategy?

Accepted Answer

Stakeholder mapping

Question 7

The following communicate the underlying core principles that guide an organization's strategy:

Accepted Answer

Corporate values

Question 8

A statement about what an organization wants to become, which sets out its future, is known as:

Accepted Answer

vision

Question 9

The following are helpful only if their achievement can be measured and quantified.

Accepted Answer

Objectives

Question 10

A statement that sets out what the organization wishes to achieve in the long term is called:

Accepted Answer

mission

Question 11

Raising capital by selling company stock to investors in return for the investment refer to:

Accepted Answer

equity financing

Question 12

Many different groups have a legitimate interest in the corporation in which governance model?

Accepted Answer

stakeholder model

Question 13

________ have their own corporate strategies & goals while contributing to the overall company?

Accepted Answer

Strategic business units

Question 14

What kind of stakeholders include suppliers, distributors and competition?

Accepted Answer

Economic stakeholders

Question 15

An advantage of the following governance model is the independence of management.

Accepted Answer

Shareholder model

Questions 15