Building an Organization Capable of Good Strategy Execution Entails

question 70

Multiple Choice

Building an organization capable of good strategy execution entails

• A)investing heavily in employee training, using an empowered organization design and organization structure in order to maximize labor productivity, and employing effective incentive compensation systems.
• B)staffing the organization, building core competencies and competitive capabilities, and structuring the organization and work effort.
• C)empowering employees, maximizing internal operating efficiency, and optimizing core competencies.
• D)decentralizing authority for performing strategy-critical value chain activities, establishing at least two distinctive competencies, and hiring talented employees.
• E)centralizing authority in the hands of a chief strategy implementer so as to create the leadership authority for driving implementation forward at a rapid pace.

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Definitions:

Variable Overhead Rate Variance

The difference between the actual variable overhead incurred and the standard cost allocated based on the actual levels of the allocation base.

Lubricants

Substances applied to reduce friction and wear between surfaces in mutual contact, often used in machinery and equipment to ensure smoother operation.

Supplies

Items or materials used in the operation of a business and often classified as a type of inventory on the balance sheet.

Variable Manufacturing Overhead

Costs in the manufacturing process that vary with the level of production output, such as utilities or indirect materials, but do not directly correlate to specific units of production.