Chapter 4 Quiz-3

Lorsch found that executives in successful companies are emotionally committed to the firm's
culture, but he concluded that culture can inhibit strategic management in the following way:
A.
Managers frequently miss the significance of changing external conditions because they are
blinded by strongly held beliefs.
B.
When a particular culture has been effective in the past, the natural response is to stick with it
in the future, even during times of major strategic change.
C.
Employees can get so attached to cultural products that they ignore strategies and tactics.
D.
A and B
E.
A, B, and C

D.
A and B

What are the five basic functions of management?

A.
Planning, organizing, leading, motivating, and controlling
B.
Planning, organizing, motivating, strategizing, and controlling
C.
Planning, organizing, motivating, staffing, and leading
D.
Planning, organizing, motivating, strategizing, and leading
E.
Planning, organizing, motivating, staffing, and controlling

E.
Planning, organizing, motivating, staffing, and controlling