Which of the Following Best Describes How Using Structured Strategic

question 37

Multiple Choice

Which of the following best describes how using structured strategic management processes such as the Balanced Scorecard can have an impact on companies?

• A)Allows firms to more accurately estimate the cost of implementing new technologies.
• B)Enhances the efficiency and speed of supply chain transactions.
• C)Helps tie the use of supporting technologies to successful performance.
• D)Allows executives to have a dashboard view of key performance metrics.

Understand the role of unions in the transition to more flexible work models.

Assess the relationship between high performance work practices and company profitability.

Understand the impact of labor-management partnerships on work organization, efficiency, and labor relations.

Evaluate the legal landscape and strategies surrounding labor-management relations and employee involvement programs.

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Definitions:

Feedback Signal

A signal that is sent back to control a system by comparing the output with the input, thus allowing for adjustments to achieve desired performance.

Process

A continuous manufacturing operation.

SCADA System

Supervisory Control and Data Acquisition system, a computer system for gathering and analyzing real-time data to monitor and control processes.

Real Time

Describes processes or systems that operate or provide output immediately as data is input, without noticeable delay.