How Has the Requirement for Creating High-Performance Work Systems Changed

question 7

Multiple Choice

How has the requirement for creating high-performance work systems changed?

• A) There is a drive toward low-cost strategy in the labor market.
• B) Employees prefer implementation of a 40-hour workweek.
• C) Competitors are looking for ways to standardize prices in their respective industries.
• D) Employers are looking for ways to tap people's creativity and interpersonal skills.
• E) Customers are demanding standardized products over customized products.

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Definitions:

Product Diversification

A strategy employed by companies to increase profitability and achieve growth by adding new products or entering into different markets that differ from the existing lineup.

Brand Extension

The strategy of using an established brand name to launch a new or modified product in a different category.

Bic Brand Name

A well-known brand that specializes in making disposable consumer products such as lighters, razors, and pens.

Innovation Strategy

An approach a company takes to encourage new ideas, creative thinking, and new project developments to gain a competitive advantage.