A strategic leader is not only crucial in ensuring that the strategic mission and vision are aligned with the strategic intent of leadership, but also that intent is properly communicated throughout the organisation. Properly doing this can maintain a consistent strategic vision. Which of the habits of strategic leaders does this statement align to? a. Habit 4: Articulating Strategic Intent b. Habit 3: Anticipating the Future c. Habit 2: Agility – Developing the Strategic Mindset d. Habit 6: Assuring Results

15) In business the saying of “do not put all your eggs in one basket” refers to: a) Not being dependent on a single business to meet stockholders Expectations b) Not being dependent on a single hierarchical structure c) Implementing multiple strategies at the same time d) A and B e) A and B and C

SHORT ANSWER If you were a business owner, which of these goals might you be able to accomplish using the framework of Theory Z or Theories X and Y? Could you use Theory Z to work on one goal and use Theories X and Y to work on another goal, thereby accomplishing two goals with these theories by using a different approach on each of the two goals? Goal 1: Improve quality of a product or service. Goal 2: Improve employee collaboration. Goal 3: Foster decision making skills in the workforce. Goal 4: Develop and maintain a successful workforce in a global environment. Goal 5: Develop strong leadership in the work place. Goal 6: Foster adherence to organizational values, ethics, and professional responsibility.

Crafting and executing strategy are thus core management tasks. Among all the things managers do, nothing affects a company’s ultimate success or failure more fundamentally than how well its management team charts the company’s direction, develops competitively effective strategic moves, and pursues what needs to be done internally to produce good day-in, day-out strategy execution and operating excellence. Indeed, good strategy and good strategy execution are the most telling and trustworthy signs of good management. The rationale for using the twin standards of good strategy making and good strategy execution to determine whether a company is well managed is therefore compelling: The better conceived a company’s strategy and the more competently it is executed, the more likely the company will be a standout performer in the marketplace. In stark contrast, a company that lacks clear-cut direction has a flawed strategy, or can’t execute its strategy competently is a company whose…