Which of the Following Steps to Successfully Implementing an Internal

question 47

Multiple Choice

Which of the following steps to successfully implementing an internal benchmarking best practices program involves the creation of an organisational culture that reinforces a 'we can learn from everyone' attitude and emphasises sharing information?

• A)Identify best practices throughout the organisation.
• B)Create a best practices knowledge sharing system.
• C)Communicate best practices throughout the organisation.
• D)Develop best practices reward and recognition systems.
• E)Nurture best practices on an ongoing basis.

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Definitions:

Open Market

An economic system in which prices for goods and services are determined by unrestricted competition between privately owned businesses.

Stockholders

Individuals or entities that own shares in a corporation, thereby having an ownership interest in the company.

Stock Repurchase

When a company buys back its own shares from the marketplace, reducing the amount of outstanding stock on the open market.

Dividend

A portion of a company's earnings distributed to shareholders, usually in the form of cash or additional stocks.